Since 2014, we have bought forests in several countries as part of our financial strategy to invest in resources which have a positive impact on people and planet. We also restore forestland which has been degraded or deforested. Our approach is audited by the Forest Stewardship Council (FSC®).
For all these investments, our priority is responsible forest management – protecting the forest and its biodiversity for today and future generations. We take a long-term approach, working with stakeholders, and ensuring that we plant more trees than we harvest. In FY21, we planted 5.86 million seedlings.
In FY21, we bought 8,100 hectares of forestland in Estonia and purchased 4,386 hectares of high conservation value forestland in the USA, where we will be restoring long-leaf pine habitat and safe-guarding habitat for the gopher tortoise (a priority species for conservation).
We also made a large scale afforestation investment – planting trees to create new forests– in New Zealand. Here we will plant new forests on a 5,500 hectares site, creating long-term employment, supporting biodiversity and storing carbon. [link to news stories]. Planting of new forest also took place in the Baltics and in the USA. In FY22 more investments will follow in the USA, New Zealand and Europe.
Read more about our approach to investment in responsibly managed forestland.