Quantifying Carbon Impact
Submitted by Rayonier
April 17, 2023 /CSRwire/ - Rayonier grows and manages an abundant and renewable resource that provides many benefits to society: trees. This uniquely positions Rayonier (NYSE: RYN) to offer natural climate change solutions. The trees we manage not only remove more carbon than we emit in our operations, but even after harvesting, help to store carbon through the wood-based products others create from our trees.
In order to quantify the impacts that our global operations have on the environment, we conduct an annual analysis of the carbon sequestration and emissions across our forestry operations and corporate activities. Rayonier calculates the carbon sequestered by our forests, the emissions associated with our operations, and the carbon removed/transferred from our forests through harvest activity. We developed this analysis based on methodologies published by the U.S. Department of Agriculture (USDA) Forest Service, U.S. Environmental Protection Agency, and New Zealand Ministry for Primary Industries. When estimating the carbon stored in our forests, we include overstory trees, understory vegetation, coarse woody debris, forest floor, and soil. This analysis demonstrates that our working forests provide a natural climate change solution.
In 2021, Rayonier’s forestlands sequestered an estimated 14.7 million metric tons of CO2 equivalents from the atmosphere versus corporate emissions of roughly 350,000 metric tons of CO2 equivalents. Moreover, a significant portion of the carbon contained in the logs we sell to our customers each year remains stored for many decades through their conversion to a multitude of wood products.
For a complete analysis of Rayonier's carbon footprint in the U.S. and New Zealand, we invite you to explore the latest Carbon Report: https://www.rayonier.com/media/15946444/rayonier-carbon-report-2021.pdf
To learn more about Rayonier's responsible stewardship, visit our sustainability web page: https://www.rayonier.com/sustainability/responsible-stewardship/.
Rayonier (NYSE:RYN) 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. We own or lease under long-term agreements approximately 2.8 million acres of timberlands located in the U.S. South, U.S. Pacific Northwest and New Zealand. We are More than trees because we recognize that our 90+ years of success in the timberland industry comes from our people, an empowering culture and the courage to constantly challenge “the way it’s always been done.” Get to know us at www.rayonier.com.
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