Rayonier Announces Climate Pledge Commitment
January 11 2024 - 4:15PM
Business Wire
Rayonier Inc. (NYSE:RYN) announced today its commitment to The
Climate Pledge, reinforcing our dedication to a sustainable and
environmentally responsible future.
The Climate Pledge encourages businesses worldwide to take
immediate and impactful action to combat climate change. By signing
The Climate Pledge, Rayonier joins a growing community of over 460
companies that are committed to achieving net-zero carbon emissions
by 2040, a decade ahead of the Paris Agreement's target.
As part of our commitment to The Climate Pledge, Rayonier
will:
- Measure and report: We will continue to measure our
carbon emissions accurately and transparently, ensuring that we
have a clear understanding of our environmental impact.
- Reduce carbon emissions: We will implement
decarbonization strategies through real business changes and
innovations to reduce carbon emissions across our supply chain and
operations.
- Offset remaining emissions: Where necessary, we will
neutralize any remaining emissions with additional, quantifiable,
real, permanent and socially beneficial offsets.
Rayonier will continue to communicate its carbon footprint
within its annual Sustainability and Carbon reports.
"Rayonier becoming a signatory to The Climate Pledge is
consistent with our goal of supporting a more sustainable future,”
said David Nunes, CEO. “We are proud to join other organizations
from across the globe in the effort to accelerate responsible
climate action, and we are committed to reducing our carbon
emissions.”
“We intend to refine our existing processes and embrace new
technologies to reduce emissions across our operations as we pursue
a goal of net-zero carbon emissions by 2040,” said Doug Long,
Executive Vice President and Chief Resource Officer. “As we
transition to a low-carbon economy, we also anticipate that
credible offsets will play a critical role in achieving a net-zero
future. Rayonier looks forward to working with various stakeholders
to provide high-quality offsets and other land-based solutions to
combat the negative impacts of climate change.”
More information on Rayonier’s sustainability initiatives can be
found on the Company’s Sustainability web page.
About The Climate Pledge
The Climate Pledge is a commitment to reach net-zero carbon
emissions by 2040. It brings the world’s top companies together to
accelerate joint action, cross-sector collaboration, and
responsible change. For more information, visit
www.theclimatepledge.com.
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
September 30, 2023, Rayonier owned or leased under long-term
agreements approximately 2.8 million acres of timberlands located
in the U.S. South (1.90 million acres), U.S. Pacific Northwest
(474,000 acres) and New Zealand (419,000 acres). More information
is available at www.rayonier.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240109758864/en/
Investors: Collin Mings, investorrelations@rayonier.com,
904-357-9100 Media: Alejandro Barbero,
alejandro.barbero@rayonier.com
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