We use robust baseline analyses and conservative forecasting to assess the benefit of our activities for carbon storage and avoided emissions.
A common criticism of many carbon projects is that they can use unreasonable assumptions to calculate their impact in preventing destructive timber harvest practices and ecological damage.
For this reason, we take a conservative approach to our forecasts and carefully evaluate the regional forest harvesting practices to understand how they relate to our properties.
Harvesting constraints that are accounted for include areas uneconomical for timber harvest – such as steep slopes – which are excluded from our baseline harvesting assumptions, as well as harvest volumes that are constrained by property-specific access and wood evacuation routes – e.g., road and rail.
For our commercial harvest properties, harvest intensity is not only limited to activities that comply with the laws and regulations governing timber harvest but also to reflect sustainable timber harvest practices that comply with the Sustainable Forest Initiative (SFI) or Forest Stewardship Council (FSC) harvest programs.
Some other carbon projects assume their forestlands would be harvested unsustainability under a liquidations-type harvesting regime that maximizes net present value. Our approach is much more conservative.
We assume our commercial forests would be harvested in line with sustainable harvest management plans, which are more common for privately owned Canadian forestlands.
This means the credits we generate only represent the difference between our forest conditions and those that would have occurred under sustained yield forestry that would comply with SFI or FSC standards.