Submitted by Rayonier
Rayonier has measured our impact on the environment by calculating the emissions associated with our corporate, forestry, and real estate-related operations during 2022.
We have estimated and broken down our emissions into Scope 1 (direct emissions from company-owned and controlled resources), Scope 2 (indirect emissions from electricity purchased), and Scope 3 (indirect emissions in the value chain—i.e., harvest and transport of our logs, forest management, and business travel). Approximately 25% of our Scope 3 emissions are associated with ocean freight, which reflects our participation in the log export market, particularly in New Zealand. As compared to 2021, the nearly 40% reduction in ocean freight emissions was primarily driven by a significant reduction in log exports from the U.S. South due to phytosanitary restrictions in China.
Moving forward, we are taking steps to improve our measurement of Scope 1 and Scope 3 emissions and are in the early stages of collaborating with our contractors to collect primary data from them to better measure our Scope 3 footprint.
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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