SPOKANE, Wash.–(BUSINESS WIRE)–PotlatchDeltic Corporation (Nasdaq: PCH) today released its first carbon and climate report. The report quantifies the carbon removals, storage and greenhouse gas emissions associated with our operations in 2021. Overall, PotlatchDeltic is significantly carbon negative, as net carbon removals and storage in 2021 exceed our Scope 1, 2 and 3 greenhouse gas emissions. In addition, the report assesses the potential physical impacts of temperature and precipitation changes on our Idaho and Southern Gulf forest lands under various scenarios of climate change.
“We believe we are well positioned to meet the challenges of climate change and are committed to doing our part,” said Anna Torma, Vice President of Public Affairs and ESG Director. “We will continue to assess our climate risks and opportunities and our internal carbon and climate teams are focused on identifying opportunities to reduce greenhouse gases,” Ms Torma said.
PotlatchDeltic (Nasdaq: PCH) is a leading real estate investment trust (REIT) with nearly 2.2 million acres of forest land in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. 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 management, is committed to environmental and social responsibility and responsible governance. More information can be found at www.potlatchdeltic.com.
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including, without limitation, our expectations regarding our ability to respond to the risks and opportunities associated with climate change, to identify opportunities for GHG reductions, conducting business under various climate change scenarios, and similar issues. Words such as “anticipate”, “expect”, “will”, “intend”, “plan”, “target”, “project”, “believe”, “seek”, “schedule” , “estimate”, “could”, “May”, “may”, “potential” and similar expressions are intended to identify such forward-looking statements. You should carefully read forward-looking statements, including statements that contain these words, because they address future expectations or state other “forward-looking” information about PotlatchDeltic. A number of important factors could cause actual results or events to differ materially from those indicated by such forward-looking statements, many of which are beyond PotlatchDeltic’s control, including the development of measurement standards, accounting protocols and ‘mitigation ; the availability of funding for the programs described in this report; our ability to achieve our goals and objectives; changes in our priorities and changes in the priorities of our customers and suppliers; the amount of our future investments; the accuracy of our estimates and assumptions; acquisitions and disposals; the future effect of legislation, rule development and changes in policy or management best practices; scientific discoveries and innovations; changes in production and production capacity in the forest products industry; the competitive environment; the ability to attract and retain personnel and suppliers with technical and other skills; technological development; the willingness of suppliers to adopt and comply with our programs; the impact of cyber or other security threats or other disruptions to our business; changes in third-party certification requirements for our timber lands, logs and lumber; the potential disruption or interruption of the Company’s business due to accidents, political events, civil unrest, extreme weather, floods, fires, cyber threats, pandemics, infestations or other natural or man-made causes beyond the control of the Company; and global economic, trade, political and climatic conditions; and other factors described in PotlatchDeltic’s Annual Report on Form 10-K and in the company’s other filings with the SEC. PotlatchDeltic assumes no obligation to update the information contained in this communication, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.