WILDLIGHT, Fla. — Rayonier Inc., a timberland real estate investment trust with assets located in softwood timber growing regions in the United States and New Zealand, highlights the long-term sustainability actions it said it is taking in its 2023 Sustainability Report.

“Transparency with our stakeholders regarding our ESG practices and strategies is critically important, particularly as we seek to attract new shareholders, build relationships with new counterparties, strengthen bonds within our local communities, and recruit new talent to advance our strategy,” said Mark McHugh, president and CEO. “We remain committed to improving our ESG practices and disclosures, investing in our people and communities, and advancing the differentiated sustainability solutions offered by working forests.”

Concurrent with the release of its 2023 Sustainability Report, Rayonier also released its latest Carbon Report, which quantifies the carbon impacts across Rayonier’s value chain and details our emissions reduction targets. In 2023, Rayonier said its forestlands removed an estimated 13 million metric tonnes of CO2 equivalents from the atmosphere, “far exceeding estimated emissions.” At year-end 2023, the company’s forestlands stored an estimated 715 million metric tonnes of CO2 equivalents in total, the company added.

“Carbon sequestration within our lands and the products made from our trees is one of the many environmental benefits provided by private working forests,” McHugh said. “We are also committed to taking an even more active role in combating climate change by embracing process improvements and new technologies that reduce emissions across our operations. To this end, we became a signatory to The Climate Pledge in December 2023 and have developed emissions reduction targets in line with the Paris Agreement 1.5ºC pathway.”

The 2023 Sustainability Report and the Carbon Report can be found on the Company’s Sustainability web page.

As of June 30, 2024, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.85 million acres), U.S. Pacific Northwest (417,000 acres) and New Zealand (410,000 acres).