Commercial, Energy Efficiency, GHG Emissions - January 3, 2023
PotlatchDeltic Commits to GHG Reduction Targets
PotlatchDeltic Corporation announced it established a 2030 GHG emissions reduction target for Scope 1 and Scope 2 emissions of 42% and a Scope 3 value chain GHG emissions reduction target of 25% from a 2021 baseline.
The key components of the initiative include increased utilization of wood residuals, electrification of mobile equipment, energy efficiency efforts, the purchase of green power from electricity suppliers and working with the value chain.
The Real Estate Investment Trust (REIT) owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina and also committed to a goal to achieve net-zero GHG emissions by 2050, including the development of non-FLAG SBTi 2050 GHG reduction targets.
“Climate change is one of the greatest challenges and opportunities of our time and the reduction targets are an important milestone of our ESG strategy,” said Anna Torma, vice president of public affairs and chief ESG officer in a statement. “Our carbon and climate teams continue to pursue GHG reduction opportunities, and we remain focused on the natural climate solutions that our timberlands and wood products can provide.”