SPOKANE, Wash.--(BUSINESS WIRE)--PotlatchDeltic Corporation (Nasdaq: PCH) today released its 2020 Environmental, Social, and Governance (ESG) Report. The Report highlights PotlatchDeltic’s continued commitment to environmental stewardship, human capital management, supporting its communities, and towards creating sustainable value.
“Global climate change and the shift to a net-zero economy are challenges that will require us to adapt and innovate. They will create both risks and opportunities, along with complex interdependencies,” said Eric Cremers, president and chief executive officer. “PotlatchDeltic is well positioned to face these challenges, with climate change favorably impacting the growth rate of our timber. In addition, we expect to benefit from policy and market opportunities associated with the benefits arising from the role forests play in carbon sequestration and carbon capture in wood products,” stated Mr. Cremers.
The 2020 ESG Report was prepared in alignment with guidance from the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD. Support of the UN Sustainable Development Goals has also been incorporated into the Report. The Report can be found in the investor relations section of the Company’s website at www.potlatchdeltic.com.
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns approximately 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest practices, is committed to environmental and social responsibility and to responsible governance. More information can be found at www.potlatchdeltic.com.