Rayonier Releases Carbon Report Quantifying Its Net Positive Climate Impact

Rhea-AI Summary

Rayonier (NYSE:RYN) has published its inaugural Carbon Report, highlighting its forestry operations' positive net carbon impact. In 2019, these operations sequestered approximately 5.7 million metric tons of CO₂ equivalents, with a total storage of 732 million metric tons in timberlands. The report details carbon storage, annual sequestration, and emissions associated with forestry operations. CEO David Nunes emphasized the company's commitment to sustainability and transparency, promoting its role in combating climate change. The report can be accessed on Rayonier's responsible stewardship webpage.

Positive

• In 2019, Rayonier’s timberland assets sequestered approximately 5.7 million metric tons of CO₂ equivalents.
• The total carbon stored within Rayonier's timberland assets is estimated at 732 million metric tons.
• The Carbon Report enhances transparency and sustainability reporting.
• CEO emphasized commitment to sustainability and mitigating climate change.

Negative

• None.

Rayonier Inc. (NYSE:RYN) today released its first Carbon Report (https://www.rayonier.com/media/8328764/rayonier-carbon-report_issued-march-2021.pdf) detailing the positive net carbon impact generated by the Company’s forestry operations. In 2019, Rayonier’s timberland assets sequestered an estimated 5.7 million metric tons of CO₂ equivalents from the atmosphere, net of carbon emitted through operations and carbon removed/transferred to customers through harvest activity. At year-end 2019, the Company’s timberland assets stored an estimated 732 million metric tons of CO₂ equivalents in total. The Company’s Carbon Report provides a clear accounting of how Rayonier’s sustainable forestry business is part of the solution for achieving net zero emissions globally.

This report is unique and comprehensive in quantifying the carbon impacts across the Company’s forestry value chain, including:

• Total carbon stored within Rayonier's timberland portfolio;
• Carbon sequestered annually by the Company’s forests;
• Carbon emissions associated with the Company’s direct and indirect forestry operations, including Scope 1, 2, and 3 emissions;
• Carbon removed/transferred from the Company’s forests to its customers through harvest activity; and
• Carbon that remains stored in downstream solid wood products produced from the Company’s timber.

“As a company whose core business is maintaining healthy ecosystems that support both sustainable forestry and its associated carbon sequestration benefits, we recognize the importance of protecting the climate and our natural environment,” said David Nunes, President and CEO. “Rayonier’s business model provides a natural climate change solution: our trees remove carbon from the atmosphere during their growth cycle, and after harvesting, a significant portion of this carbon remains stored for an extended period of time within downstream wood products. Our inaugural Carbon Report demonstrates the important role that working forests play in fighting climate change.”

“This report reflects our unwavering focus on improving our sustainability reporting, as well as our long-standing commitment to best-in-class disclosure and transparency. Today marks the next step in our commitment to protect the planet by capitalizing on our unique ability to drive positive climate impacts. We will continue to ensure that we are part of the global solution to addressing climate change, and we look forward to further engagement on this topic with our shareholders and other stakeholders going forward.”

The Carbon Report, as well as Rayonier’s Social and Environmental Reports, can be found on its Responsible Stewardship web page: (https://www.rayonier.com/sustainability/responsible-stewardship).

About Rayonier

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.73 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (417,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a “look-through basis”, the Company’s ownership in the timber fund business equates to approximately 17,000 acres. More information is available at www.rayonier.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210301006012/en/

FAQ

What does Rayonier's Carbon Report reveal about their carbon impact in 2019?

Rayonier's Carbon Report indicates that its forestry operations sequestered approximately 5.7 million metric tons of CO₂ equivalents in 2019.

How much total carbon is stored in Rayonier's timberland assets?

Rayonier's timberland assets store an estimated total of 732 million metric tons of CO₂ equivalents.

What is the significance of Rayonier's Carbon Report for investors?

The report showcases Rayonier's commitment to sustainability and transparent environmental practices, which may positively influence investor perception.

Where can I find Rayonier's Carbon Report?

Rayonier's Carbon Report is available on their Responsible Stewardship webpage.

What were the carbon emissions from Rayonier's forestry operations?

The report includes data on carbon emissions associated with Rayonier’s direct and indirect forestry operations.