Rayonier Releases 2020 Sustainability Report and Updated Carbon Report
23 Agosto 2021 - 5:25PM
Business Wire
Rayonier Inc. (NYSE:RYN) today released its 2020 Sustainability
Report, which highlights actions the Company is taking to enhance
the long-term well-being of its investors, employees, communities,
and other stakeholders. This report illustrates Rayonier’s
commitment to transparency around Environmental, Social, and
Governance (ESG) factors and how they are incorporated into its
strategic and operational decision-making.
“We view our Sustainability Report as a written declaration of
the values that are the foundation of our ESG practices,
strategies, and goals,” said David Nunes, President and CEO. “While
the publication of this report is a key milestone, there is still
much work to be done as we introduce new ESG initiatives and
continue our relentless focus on improving the transparency of our
disclosures.”
Concurrent with the release of its 2020 Sustainability Report,
the Company is also releasing its latest Carbon Report. This report
is unique and comprehensive in quantifying the carbon impacts
across the Company’s value chain. In 2020, Rayonier’s timberland
assets sequestered an estimated 14.5 million metric tons of CO2
equivalents from the atmosphere versus corporate emissions of
roughly 380,000 metric tons of CO2. At year-end 2020, the Company’s
timberland assets stored an estimated 757 million metric tons of
CO2 equivalents in total.
“Over the past few years, we have observed many large global
corporations announce commitments to achieve carbon neutrality.
Many of the goals that have been unveiled are both admirable and
ambitious, and we believe our industry is well-positioned to be
part of the solution. Rayonier’s forestry assets provide a natural
climate change solution—our trees remove carbon from the atmosphere
during their growth cycle, and after harvesting, a significant
portion of this carbon remains stored for an extended period of
time within downstream wood products. We are proud of the unique
role that our timberlands play in protecting the planet and look
forward to capitalizing on innovative strategies to drive positive
climate impacts,” stated Nunes.
The 2020 Sustainability Report, as well as the updated Carbon
Report, can be found on the Company’s Sustainability web page.
About Rayonier
Rayonier is a leading timberland real estate investment trust
with assets located in some of the most productive softwood timber
growing regions in the United States and New Zealand. As of June
30, 2021, Rayonier owned or leased under long-term agreements
approximately 2.7 million acres of timberlands located in the U.S.
South (1.74 million acres), U.S. Pacific Northwest (499,000 acres)
and New Zealand (419,000 acres). The Company also acts as the
managing member in a private equity timber fund business with one
fund comprising approximately 31,000 acres. On a “look-through
basis”, the Company’s ownership in the fund equates to
approximately 6,000 acres. More information is available at
www.rayonier.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210823005632/en/
Investors: Collin Mings, investorrelations@rayonier.com,
904-357-9100 Media: Alejandro Barbero,
alejandro.barbero@rayonier.com
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