Diversity, Equity, Inclusion

Diversity, equity, and inclusion are a fundamental part of our values and are actively incorporated daily into our culture across our businesses. We believe these values help us attract and retain talent and lead to collaboration, motivation, and a professional work environment that supports our success. The principles underlying our commitment to diversity, equity, and inclusion are also reflected through our policies, including our Diversity, Equity, and Inclusion Policy, Corporate Conduct and Ethics Code, Equal Employment Opportunity Policy, and Americans with Disabilities Act Policy.

We believe in treating all Team Members fairly, with respect, and with dignity and we strive to create a workplace where our Team Members are valued for their contributions and are provided equal opportunities for development and advancement. We respect all differences including age, color, disability, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, race, religion, sexual orientation, genetic or family medical history, socio-economic status, veteran status, and other characteristics that make our employees unique.

PotlatchDeltic’s diversity philosophy applies to our practices and policies governing recruitment, promotion, and selection, as well as to decisions on compensation, benefits, transfers, layoffs, return from layoff, company-sponsored training, continuing education, tuition assistance, or social and recreation programs. It is the Company’s policy that there be no unlawful discrimination or harassment in any form. Reporting procedures exist for anyone who believes that they have been harassed or discriminated against or who is aware of the harassment or discrimination of others, including a confidential hotline maintained by an independent third party. Team Members are required to attend and complete annual diversity awareness training to enhance their knowledge of the uniqueness of each individual and to fulfill this responsibility.

We track and monitor diversity metrics to measure our progress, review the data annually, and provide information and guidance to management and Team Members on diversity, equity, and inclusion issues.

Employee Resource Groups

We sponsor Employee Resource Groups (ERGs) to encourage the engagement of Team Members in fostering an inclusive workplace. Each ERG has an executive management sponsor and a chair or co-chairs from within the ERG. The ERGs organize events for members during the year towards community building, allyship, and to provide mentorships. Salute is the ERG for veterans with a mission to recognize and support our veterans by providing a community through which they can connect and collaborate on opportunities to advance their personal and professional lives. LIFT is our women’s ERG with a mission to empower, develop, and strengthen the women of PotlatchDeltic by promoting community, connections, and mentorship to foster success.

Women Team Members¹

Women make up approximately 50% of the populations of the local communities in which we operate, and we continue to explore how we might more effectively attract women to our industry and retain them to build a pipeline of talent from which to promote for future leadership roles. Women comprise 19% of our overall workforce and 32% of salaried roles. Women in management account for 31 of a total of 155 Team Members, or 20%. Our executive management team has 3 of 8 members, or 38%, who are women. We have three women on our Board of Directors and two of three board committees are chaired by women.

We evaluate gender pay equity on an on-going basis and adjust salaries as appropriate. Our diversity strategies and statistics are discussed with our Board of Directors at least annually. The pay ratio of our entry level pay compared to state minimum wage is 2.6 in our northern locations for both male and female Team Members and is 1.6 in our southern locations for both male and female Team Members.

Team Members of Color¹

Overall, based on self-identification, our racial diversity is 21% Team Members of color. Our locations vary significantly in demographics and as a result, our Team Member demographics reflect the diversity of the communities in which we operate. In the aggregate, our northern region has 7% diversity of color in our operations, while our southern region has 43%. In the southern region, 9% of our managers, 12% of salaried, and 47% of hourly Team Members are of color.

Local Hiring

Many of our operations are in rural communities where the economy is driven by the timber industry, and we believe it is important to focus on local hiring. We continue to place an emphasis on sourcing talent from these local communities so that our workplace reflects the uniqueness of those local cultures. In 2023, 100% of our senior managers were originally hired from within the regional community at each of our locations.

Footnote:

1. All employee data is as of December 31, 2023.