Partnering with Birdlife Australia for Species Monitoring

About

The Forestry Investment Trust (FIT), a eucalyptus plantation estate of 260,000 hectares located across Australia, is committed to long-term biodiversity monitoring and conservation.

Key Initiative

Since 2015, PF Olsen Australia, FIT’s property manager, has partnered with Birdlife Australia to track the number of bird species present on the properties.

The objective of this partnership is to develop objective data to ensure that the management estate maintains or enhances bird diversity across the estate. Five years of data in Victoria and three years in Western Australia has found that hardwood plantations are important refuges for wildlife in fragmented landscapes.

Professional and amateur observers survey three types of forests: plantation sites, remnant habitat patches in plantations, and control sites in a nearby national park.

Impact

The surveys indicate that FIT’s native vegetation remnants have similar numbers of birds with a greater diversity of endemic (locally specific) birds than paired sites in adjacent national parks and state forests and that biodiversity is being maintained. Plantation areas have fewer birds and less birdlife diversity; however, for some species they are providing important habitat. In aggregate, the mosaic of land cover types including plantation and remnant vegetation provides habitat for a greater variety of bird species. Since the start of the study, more than 100 bird species have been observed in Victoria and 71 species in Western Australia. In 2020 FIT agreed to extend the study for an additional five years.

Delivering on Sustainable Development Goals

New Forests Advisory Pty Limited (ACN 114 545 274) is registered with the Australian Securities and Investments Commission and is the holder of AFSL No 301556 which authorises it and its authorised representatives New Forests Asset Management Pty Limited (ACN 114 545 283), (AFS Representative Number 376306), and New Agriculture Pty Limited (ACN 658 097 020) (AFS Representative Number 001298119) to provide general advice to wholesale clients into investments managed by New Forests. New Forests Inc is registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Registration with the SEC does not imply any specific or certain level of skill or training. New Forests Asia (Singapore) Pte Ltd holds a Capital Markets Services Licence (CMS 100950) as an Accredited/Institutional Licenced Fund Management Company (A/I LFMC), issued by the Monetary Authority of Singapore.

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