CatchMark Timber Trust, Inc. has released its 2020 ESG Report, which details the Company’s deep commitment to meeting the highest standards of environmental stewardship, social responsibility, and corporate governance. The report outlines CatchMark’s mission to incorporate sustainable practices into all operations, seeking to produce beneficial results for all stakeholders – shareholders, customers, suppliers, contractors, employees and neighbors. The report also outlines important ESG ambitions for the years ahead.
Brian M. Davis, CatchMark’s President and CEO said: “To maximize the value of our exceptional timberlands we must continue to engage in environmentally sound practices across our operations. These include managing sustainable harvests, which promote biodiversity and forest health; seeking opportunities for carbon sequestration and alternative land uses, including solar energy; and addressing climate change. In addition, we promote a safe and healthy work environment and employ procedures and programs to ensure compliance with the highest standards of corporate governance and ethics.”
The 2020 ESG Report also includes CatchMark’s 2020 Carbon Report, which is a detailed analysis of carbon storage, carbon sequestration, and emissions. It determines the overall net carbon impacts from the Company’s timberland operations in the U.S. South. According to the report, the company sequestered nearly 1.9 million metric tons of CO2 and realized an estimated positive net carbon impact of approximately 1.2 million metric tons of CO2 in 2020.
Davis added: “We recognize that our timberlands, and subsequent end-uses of our timber, can have an important role in mitigating climate change. We are expeditiously moving forward with the value realization of our environmental initiatives — like carbon sequestration.”