PotlatchDeltic Releases 2022 Environmental, Social, and Governance Report
31 Maggio 2023 - 10:10PM
Business Wire
PotlatchDeltic Corporation (Nasdaq: PCH) today released its 2022
Environmental, Social, and Governance (ESG) Report. The Report
highlights PotlatchDeltic’s ESG strategy and 2022 ESG
accomplishments, linking them with the United Nations Sustainable
Development Goals.
“We are committed to social and environmental responsibility and
strong governance practices, and we are proud of the initiatives we
have under way,” said Eric Cremers, President and Chief Executive
Officer. “To successfully drive growth and business resilience, our
ESG strategy needs to be aligned with our mission and values and
should prioritize the issues that are most important to our
business and stakeholders. Our 2022 ESG Report formally links our
ESG strategy to four pillars--Forests, Planet, People, and
Performance--and advances our ESG strategic initiatives through
short and long-term goals within each pillar. We are focused on
creating shared sustainable value and on building our capabilities
to utilize working forests as part of the solution to climate
change,” stated Mr. Cremers.
PotlatchDeltic’s 2022 ESG highlights include:
- Planted 21 million seedlings, protected 6,494 miles of rivers
and streams, and third-party certified 100% of our forestry
practices and wood products procurement.
- Removed and stored 3.2 million metric tons of CO2e (Scope 1 and
3) with greenhouse gas (GHG) emissions (Scope 1-3) of 2.6 million
metric tons of CO2e.
- Established a 2030 GHG emission reduction target for Scope 1
and Scope 2 emissions of 42% and a Scope 3 value chain GHG
emissions reduction target of 25% from a 2021 baseline.
- Committed to a goal to achieve net-zero GHG emissions by
2050.
- Achieved outstanding safety performance with low incident and
severity rates.
- Sponsored and participated in the first Women’s Forest
Congress.
- Linked 2023 short-term incentive compensation to achievement of
key ESG objectives to provide a more holistic assessment of
performance against the Company’s ESG and operational goals.
- Completed a physical climate scenario analysis on Idaho and
Arkansas timberlands.
- Continued to work on climate-related policy initiatives
surrounding forests and wood products and evaluated opportunities
for nature-based solutions.
PotlatchDeltic continues its ESG reporting informed by or
referencing frameworks such as the Sustainability Accounting
Standards Board (SASB), Task Force on Climate-related Financial
Disclosures (TCFD), United Nations Sustainable Development Goals
(UN SDGs), and Global Reporting Initiative (GRI). The Report can be
found in the investor relations and the ESG Reporting Hub sections
of the Company’s website at www.potlatchdeltic.com.
About PotlatchDeltic
PotlatchDeltic (Nasdaq: PCH) is a leading Real Estate Investment
Trust (REIT) that owns nearly 2.2 million acres of timberlands in
Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and
South Carolina. Through its taxable REIT subsidiary, the company
also operates six sawmills, an industrial-grade plywood mill, a
residential and commercial real estate development business and a
rural timberland sales program. PotlatchDeltic, a leader in
sustainable forest practices, is committed to environmental and
social responsibility and to responsible governance. More
information can be found at www.potlatchdeltic.com.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains certain forward-looking statements
within the meaning of the federal securities laws. Statements and
assumptions with respect to commitments and goals for 2023 and
beyond are examples of forward-looking statements and are not
guarantees of future conduct or policy. The actual conduct of our
activities, including the development, implementation or
continuation of any program, policy or initiative may differ
materially in the future. Actual results could differ materially
from our historical results or those expressed or implied by
forward-looking statements contained in this press release due to
factors such as: changes in our priorities as well as changes in
the priorities of our customers and suppliers; the accuracy of our
estimates and assumptions; acquisitions and divestitures; the
future effect of legislation, rulemaking and changes in policy or
best management practices; natural or human causes beyond the
Company’s control; and global economic, business, political, and
climate conditions. These are only some of the factors that may
affect the forward-looking statements contained in this press
release. For further information regarding risks and uncertainties
associated with our business, please refer to our U.S. Securities
and Exchange Commission (SEC) filings, including our Annual Report
on Form 10-K for the year ended December 31, 2022, our 2023 Proxy
Statement, and our 2023 Quarterly Reports on Form 10-Q, which can
be obtained at the Company’s website, www.potlatchdeltic.com. The
forward-looking statements in this press release are intended to be
subject to the safe harbor protection provided by federal
securities laws. Except as required under applicable law, we do not
intend to issue updates concerning any future revisions of our
views to reflect events or circumstances occurring after the date
of this press release.
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(Investors) Wayne Wasechek 509-835-1521 (Media) Anna Torma
509-835-1558
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