PotlatchDeltic is committed to report our ESG performance annually informed by and referencing frameworks such as the Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), and Global Reporting Initiatives (GRI).

Anna Torma
Vice President, Public Affairs and Chief ESG Officer
PotlatchDeltic

We have made great progress on our ESG journey in the last year allowing us to prepare our 2021 ESG Report with reference to the Global Reporting Initiative (GRI) standards. We also published our inaugural 2021 Carbon and Climate Report which provides our accounting methodology for measuring our carbon removals, storage, and Scope 1, Scope 2, and Scope 3 greenhouse gas emissions and includes a climate scenario analysis that models potential physical impacts of temperature and precipitation changes on our timberlands.

Overall, our 2021 carbon removals and storage, including all emissions, position us as carbon negative. Our business units engaged in significant ESG education and training, and we continue to work to embed ESG into the organization. ESG analysis is now incorporated into capital expenditure decisions and managers have included ESG in their individual 2022 performance goals. Carbon and Climate teams within our businesses are developing greenhouse gas reduction initiatives, which position us to establish SBTi (Science Based Targets initiative) commitments once the GHG Land Sector and Removals protocol and new SBTi guidelines for Forest, Land, and Agriculture (FLAG) are finalized. We continue to strengthen our systems and policies and expand our reporting within ESG frameworks. We responded to the CDP Forests questionnaire and updated our Forest Stewardship Policy. In addition, we are proud to be included this year in Newsweek’s America’s Most Responsible Companies 2022 list.

Significant effort is also underway working with our partners and industry associations on both the forest and wood products side. The National Council on Air and Stream Improvement (NCASI) is developing a greenhouse gas calculation tool for wood products on which we have been providing feedback. We continue to work with the National Alliance of Forest Owners (NAFO) and American Wood Council (AWC) on resources to support climate-related policy initiatives surrounding forests and wood products.

PotlatchDeltic has a strong ESG story, and we are committed to do our part to mitigate climate change and continue our legacy of responsibility across the ESG spectrum.