PotlatchDeltic Releases Inaugural Environmental, Social, and Governance Report
September 09 2020 - 4:10PM
Business Wire
PotlatchDeltic Corporation (Nasdaq:PCH) today announced the
release of its inaugural Environmental, Social, and Governance
(ESG) Report. The report serves as a foundation for demonstrating
how the Company’s ESG approach, strategies and commitments are
embedded within the business, highlights ESG achievements for
fiscal 2019, and sets the stage for ESG goals and continued
disclosures.
“Climate change represents a challenge to all of us, but I
believe we are well positioned to respond to both opportunities and
risks and generate greater value for all our stakeholders. We
recognize that what we do from an environmental, social and
governance perspective is important to our stakeholders and we are
proud of our commitment to corporate responsibility,” said Mike
Covey, chairman and chief executive officer. “We have managed
timberlands for over 116 years, demonstrating stewardship through
sustainable forest management, environmentally responsible
manufacturing, and resource efficiency. PotlatchDeltic’s inclusive
culture prioritizes health and safety in our workforce and
engagement in the communities where we work and live. Our high
standards of ethics and governance are integrated into the way we
do business every day. This inaugural ESG Report marks an important
milestone for the work ahead,” stated Mr. Covey.
PotlatchDeltic’s ESG reporting is led by Anna Torma, vice
president public affairs, supported by an ESG Working Group of area
experts. An ESG Management Committee, consisting of senior leaders
across businesses and functions reviews Working Group
recommendations. ESG goals and progress are reported regularly to
PotlatchDeltic’s Board of Directors, which has oversight of ESG.
PotlatchDeltic’s 2019 ESG Report was prepared utilizing forestry
management and building products industry metrics from the
Sustainability Accounting Standards Board (SASB). Recommendations
from the Task Force on Climate-Related Financial Disclosures (TCFD)
framework were also considered. Alignment with these ESG reporting
frameworks is expected to increase as the Company makes further
progress on ESG reporting initiatives, including climate change
risks and opportunities. The report can be found in the investor
relations section of our 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 management, is committed to environmental and
social responsibility and to responsible governance. More
information can be found at www.potlatchdeltic.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200909005949/en/
(Investors) Jerry Richards 509-835-1521
(Media) Anna Torma 509-835-1558
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