Sustainable plantation forestry company Forico has announced the release of its fifth Natural Capital Report combining FY23-24 and FY24-25. This continues Forico’s work in setting benchmarks for businesses integrating sustainability and nature reporting into their financial decision-making, as the world continues to grapple with climate change and biodiversity loss.
The fifth report showcases Forico’s work across both operational and conservation activities, illustrating how the company contributes to the relevant Sustainable Development Goals identified by the United Nations.
The report highlights a ‘decade of discovery’ in the ten-year program undertaken with leading Tasmanian ecologists, safeguarding the natural values of the landscape Forico manages and achieving significant outcomes for threatened species, preserving grasslands and ecosystems of international importance.
In striving for a balance between its globally certified plantations and maintaining the natural landscape, Forico has positioned itself at the forefront of mandatory sustainability reporting, through early adoption of frameworks such as those from the Task Force on Climate-related Financial Disclosures (TCFD) and Taskforce on Nature-related Financial Disclosures (TNFD).
Chair of the Forico Board, Mr Matt Crapp, said that ‘This report is not a compliance exercise; it is a reflection of our values and our unwavering commitment to responsible stewardship of the 172,000 hectares entrusted to us.’
Marking the publication of the report and looking to the future, Forico CEO Evangelista Albertini added that Forico ‘also remains proudly Tasmanian. Our state is a unique part of the world where people can flourish and engage in invigorating and purposeful work and lead a safe, full and satisfying life.’
Forico believes is it well positioned to respond to the emergence of nature and biodiversity markets continuing its vantage position in the industry now widely accepted to be critical in the fight against climate change.
Image at top: Ecologist Mark Wapstra of ECOtas on the Forico estate
Left and Below L to R: the endangered black-tongue finger orchid (Caladenia congesta)
A briefing of Threatened Plants Tasmania volunteers
The endangered Ptunarra brown butterfly (Oxeixenica ptunarra)
Vanderschoor's stag beetle (Hoplogonus vanderschoori), a rare, flightless beetle found only in Tasmania.
Click here to download a copy of the Natural Capital Report.
