Precious Woods Holding Ltd.

Precious Woods offsets the Annual Meeting 2009 of the World Economic Forum

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Zug (euro adhoc) - As every year, world political and economic leaders will gather later this month in Davos, Switzerland, to discuss current global issues and find solutions to the challenges the world is facing today. To offset the greenhouse gas emissions generated by participants attending the Annual Meeting, the World Economic Forum, through the Davos Climate Alliance and myclimate, works with specific qualified compensations projects.

For the CO2-compensation of the upcoming Annual Meeting, to be held from January 28 to February 1, the Swiss company Precious Woods, leader in Sustainable Forest Management, has been chosen. Its biomass power plant in the Brazilian Amazon replaces the former diesel based electricity system with a renewable and local energy source and hence reduces 150´000 tons of CO2 emissions.

The World Economic Forum only selects the very best projects worldwide. The selection for the Annual Meeting 2009 signifies for Precious Woods recognition of the sustainable impact of its activities as well as a confirmation of its vision that the best way to conserve tropical forests is managing them sustainably.

More Information:

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ots Originaltext: Precious Woods Holding Ltd.
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Further inquiry note:
Patrick Mauron
Head of Corporate Communication
Precious Woods Holding Ltd.
Militärstrasse 90
CH-8021 Zürich
Tel.:    +41 44 245 81 20

Branche: Forestry & Timber
ISIN:      CH0013283368
WKN:        982280
Index:    SPI
Börsen:  SWX Swiss Exchange / official dealing

Weitere Meldungen: Precious Woods Holding Ltd.

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