PotlatchDeltic Releases 2021 Environmental, Social, and Governance Report

Rhea-AI Summary

PotlatchDeltic Corporation (NASDAQ: PCH) released its 2021 ESG Report, showcasing its dedication to environmental stewardship and community support. The report highlights achievements such as the removal of 4.9 million metric tons of CO₂e, planting 23 million seedlings, and maintaining record-low injury severity rates. The company emphasizes enhancing board diversity and integrating ESG into management performance goals. PotlatchDeltic's commitment to sustainable practices aligns with frameworks like SASB and TCFD, reflecting its aim to create lasting shareholder value.

Positive

• Removed and stored 4.9 million metric tons of CO2e.
• Planted 23 million seedlings and protected 5,100 miles of rivers.
• Achieved record-low injury severity rate.
• Expanded Board diversity and employee benefits.
• Established a Chief ESG Officer position to enhance ESG focus.

Negative

• None.

SPOKANE, Wash.--(BUSINESS WIRE)-- PotlatchDeltic Corporation (Nasdaq: PCH) today released its 2021 Environmental, Social, and Governance (ESG) Report. The Report reflects PotlatchDeltic’s commitment to environmental stewardship, the human experience, supporting its communities, and creating sustainable value.

“We are focused on building sustainable shareholder value, and we recognize that objective is inextricably linked to making a positive impact for all of our stakeholders and it recognizes that healthy forests are important to the health of our planet,” said Eric Cremers, President and Chief Executive Officer. “We are committed to transparency and to contributing to sustainable economic development through our approach to ESG and our response to climate risks and opportunities,” stated Mr. Cremers.

PotlatchDeltic’s 2021 ESG highlights include:

• Removed and stored 4.9 million metric tons of CO₂e (Scope 1 and 3) with greenhouse gas emissions (Scope 1-3) of 2.6 million metric tons of CO₂e
• Planted 23 million seedlings, protected 5,100 miles of rivers and streams, and third-party certified 100% of our forestry practices and wood products procurement
• Achieved an outstanding safety performance with record-low injury severity rate
• Expanded Board diversity, added employee benefits, and provided enhanced diversity data
• Further embedded ESG by including ESG in managers’ individual 2022 performance goals and through the establishment of Climate and Carbon teams
• Continued to work on climate-related policy initiatives surrounding forests and wood products
• Grew our ESG team and elevated ESG through the creation of a Chief ESG Officer position

PotlatchDeltic continues to report ESG 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 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.

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 2022 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; or 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, 2021, our 2022 Proxy Statement, and our 2022 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220525005849/en/

(Investors)

Jerry Richards

509-835-1521

(Media)

Anna Torma

509-835-1558

Source: PotlatchDeltic Corporation

FAQ

What are the key highlights of PotlatchDeltic's 2021 ESG Report?

The report highlights include removing 4.9 million metric tons of CO2e, planting 23 million seedlings, and achieving record-low injury severity rates.

How does PotlatchDeltic plan to integrate ESG into its operations?

PotlatchDeltic plans to integrate ESG by embedding it in management performance goals and creating specialized teams focused on climate and carbon.

What initiatives did PotlatchDeltic undertake regarding board diversity?

PotlatchDeltic expanded its Board diversity and enhanced employee benefits as part of its commitment to social responsibility.

How does PotlatchDeltic demonstrate its commitment to environmental practices?

PotlatchDeltic demonstrates its commitment by certifying 100% of its forestry practices and wood product procurement, alongside significant CO2e reduction.

Where can I access PotlatchDeltic's 2021 ESG Report?

PotlatchDeltic's 2021 ESG Report can be found in the investor relations section of their website at www.potlatchdeltic.com.