PotlatchDeltic Releases 2020 Environmental, Social, and Governance Report

Rhea-AI Summary

PotlatchDeltic Corporation (Nasdaq: PCH) has released its 2020 Environmental, Social, and Governance (ESG) Report, emphasizing its commitment to environmental stewardship and sustainable value creation. The report aligns with guidelines from the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD), and supports the UN Sustainable Development Goals. CEO Eric Cremers noted the favorable impact of climate change on timber growth and highlighted opportunities in carbon sequestration through forest management.

Positive

• The ESG Report emphasizes PotlatchDeltic's commitment to environmental stewardship and sustainable practices.
• CEO Eric Cremers indicated that climate change positively affects timber growth rates.
• The company is well-positioned to leverage market opportunities related to carbon sequestration.

Negative

• None.

PotlatchDeltic Corporation (Nasdaq: PCH) today released its 2020 Environmental, Social, and Governance (ESG) Report. The Report highlights PotlatchDeltic’s continued commitment to environmental stewardship, human capital management, supporting its communities, and towards creating sustainable value.

“Global climate change and the shift to a net-zero economy are challenges that will require us to adapt and innovate. They will create both risks and opportunities, along with complex interdependencies,” said Eric Cremers, president and chief executive officer. “PotlatchDeltic is well positioned to face these challenges, with climate change favorably impacting the growth rate of our timber. In addition, we expect to benefit from policy and market opportunities associated with the benefits arising from the role forests play in carbon sequestration and carbon capture in wood products,” stated Mr. Cremers.

The 2020 ESG Report was prepared in alignment with guidance from the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD. Support of the UN Sustainable Development Goals has also been incorporated into the Report. The Report can be found in the investor relations section of the Company’s website at www.potlatchdeltic.com.

About PotlatchDeltic

PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns approximately 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210512005841/en/

FAQ

What are the key highlights of PotlatchDeltic's 2020 ESG Report?

PotlatchDeltic's 2020 ESG Report emphasizes environmental stewardship, alignment with SASB and TCFD guidelines, and its commitment to sustainable practices.

How does climate change impact PotlatchDeltic's timber growth?

Climate change has a favorable impact on the growth rate of PotlatchDeltic's timber, as highlighted by CEO Eric Cremers.

Where can I find PotlatchDeltic's ESG Report?

The 2020 ESG Report can be found in the investor relations section of PotlatchDeltic's website.