Commercial, Energy Efficiency, GHG Emissions - June 6, 2023
PotlatchDeltic Stores Carbon Emissions
PotlatchDeltic Corporation announced it has removed and stored 3.2 million metric tons of CO2e (Scope 1 and 3) with GHG emissions (Scope 1-3) of 2.6 million metric tons of CO2e.
The company also established a 2030 GHG emission 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 and committed to a goal to achieve net-zero GHG emissions by 2050.
A Real Estate Investment Trust (REIT) owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina, PotlatchDeltic also linked 2023 short-term incentive compensation to the achievement of key ESG objectives to provide a more holistic assessment of performance against the company’s ESG and operational goals.
Details were given in its 2022 Environmental, Social, and Governance (ESG) Report.
“We are committed to social and environmental responsibility and strong governance practices, and we are proud of the initiatives we have under way,” said Eric Cremers, President and CEO in a statement. “To successfully drive growth and business resilience, our ESG strategy needs to be aligned with our mission and values and should prioritize the issues that are most important to our business and stakeholders.”
PotlatchDeltic continues its ESG reporting 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).
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