When we develop our land management plans, we look beyond our forests’ capacity to mitigate climate change or capture and store emissions.
We carefully consider the potential impact and benefits our actions can have to support and enhance the entire forest ecosystem, including all the plants, animals, and other organisms that live within our forests.
We are currently developing industry-leading standards and practices to measure, monitor, and calculate our nature projects’ impact.
Climate and biodiversity benefits often go hand-in-hand. However, this is not always true. We believe it is important to design our projects so that the climate benefits are not achieved at the expense of biodiversity. To demonstrate this, we carefully plan our carbon projects and track our ecological and biodiversity performance.
We have already initiated biodiversity and ecological monitoring so that our nature credits can be co-developed with our carbon projects. Once a suitable nature accounting method is available, we will be ready to track our nature outcomes and generate credits.