New Forests Sustainability Report 2022

New Forests has produced its annual Sustainability Report for more than a decade, shaped by the company’s enduring commitment to sustainability in our business and across the investments we manage.

The 2022 Sustainability Report aims to help existing and prospective clients, employees, business partners and wider stakeholders understand the environmental, social and governance (ESG) issues that are important to New Forests and how we perform in relation to these across our corporate operations and assets under management. Increasingly, the report is presenting the positive impact created for our business, our stakeholders, society and the environment.

Sustainability reporting is a key component of our stakeholder communications, reflecting our values of transparency and disclosure around material sustainability issues. The report is informed by New Forests’ vision and mission, both driven by the principle of sustainability, and seeks to uphold best practice in sustainability reporting.

We aim to incorporate our stakeholders’ perspectives and needs regarding the ESG issues on which we report, as informed by a stakeholder materiality assessment, as well as generate constructive discourse around the ESG challenges and opportunities for New Forests’ business.

The data included in this report has been gathered from several sources, including sustainability metrics reported by our assets and New Forests’ internal company reporting. This report focuses on the 2022 financial year, which differs across the regions in which we operate as follows:

• Global business operations (New Forests Pty Ltd): 1 July 2021 – 30 June 2022
• Australia and New Zealand funds under management (New Forests Asset Management): 1 July 2021 – 30 June 2022
• Southeast Asia, US and Africa funds under management (New Forests Asia, New Forests Inc. and New Forests Africa, respectively): 1 January 2022 – 31 December 2022.

Significant events that occurred in the global business operations and in the Australia and New Zealand funds under management between 1 July 2022 and 31 December 2022 are mentioned in the report narrative but not in the data.

The report was developed by New Forests’ corporate sustainability team, working with staff throughout the business, especially those with oversight of asset management. New Forests’ Executive Committee has reviewed and approved its release.

To support benchmarking and understanding our performance over time, previous annual sustainability reports are available upon request.

We welcome feedback and questions; please contact [email protected].

Date published: April 2023