Sustainability & Impact Report 2024
Introducing our Sustainability and Impact Report 2024
We are proud that New Forests has been reporting on our sustainability performance and sharing our impact for over 15 years. This latest Report marks a significant milestone in our journey towards leading edge reporting and achieving our vision of seeing investment in land use and forestry as central to the transition to a more sustainable future. This includes reporting on our impacts on nature and biodiversity, consistent with the Taskforce on Nature related Financial Disclosures.
You will read about the progress across our business and our assets in four regions where we operate – Africa, Asia, Australia New Zealand, and the United States – in FY23 and FY24. Below is our impact at a glance across our three impact themes: Shared Prosperity, Nature-Based Solutions and the Circular Bioeconomy.
Shared Prosperity |
||
| FY23 | FY24 | |
| Individuals employed at assets | 4,003 | 4,705 |
| Percentage of female employees at assets | 25% | 23% |
| Percentage of female leaders at assets | 18% | 14% |
| Participants engaged in outgrower, smallholder and livelihood planting programs | 384 | 436 |
| Risk management systems | 100% of assets | 100% of assets |
| Safety | ||
|
4.1
13.6 |
4.7
8.9 |
[1] New Forests’ assets engage in continual improvement in health and safety, and our LTIFR results are low for the industries in which we operate. For example, in Australia, the average LTIFR in the forestry and logging sector is 14.7 and 12.4 in agriculture. Safe Work Australia, 2021‑22 Lost time injury frequency rates by industry.
Nature‑Based Solutions |
||
| FY23 | FY24 | |
| Total carbon stored in production forests | 196,093,623 tCO2e | 192,485,096 tCO2e |
| Annual total carbon removals from production forests | 936,690 tCO2e | 920,065 tCO2e |
| Carbon credits issued | 1,454,987 | 3,631,972 |
| Total conservation area | 190,877 hectares | 200,196 hectares |
|
30,989 hectares | 32,230 hectares |
|
519 hectares | 1,089 hectares |
| Seedlings planted | 20,189,391 | 21,565,378 |
Circular Bioeconomy |
||
| FY23 | FY24 | |
| Area of certified forest management | 902,007 hectares | 911,735 hectares |
| Volume of certified timber produced | 7,402,941 cubic metres | 7,471,751 cubic metres |
| Percentage of timber production that is certified | 98% | 99.7% |
| Volume of agricultural product harvested | 241,656 tonnes | 263,006 tonnes |
Our Report also shares real‑life impacts we are delivering to communities and the environment; from the restoration of Thailand’s second largest peat swamp area, to managing a high conservation project in Australia, and returning ancestral lands to the Hoopa Valley Tribe in California.
To view our Sustainability and Impact Report 2024, please visit: Sustainability Reporting – New Forests