PotlatchDeltic conducts a materiality assessment every two years to identify the ESG topics deemed important to a broad range of internal and external stakeholders.
The results of our ESG materiality assessment focus attention and transparency on the most important ESG topics, inform management of ESG issues, and assist with our ongoing alignment with UN SDGs, GRI, and other reporting frameworks. Our most recent materiality assessment was completed in 2022.
Our process for the materiality assessment began with the identification of a range of potential issues, followed by selected internal interviews to narrow the issues into topics. We then engaged with a broad range of internal and external stakeholders to identify the importance of each topic. The final phase consisted of interviews and analysis with members of the management team to prioritize the importance of each topic to PotlatchDeltic’s business success. The results were plotted on an ESG Materiality Assessment matrix which was then reviewed and approved by the ESG Working Group and ESG Management Group.
Several topics were identified as “priority, both in importance to stakeholders and in importance to our business success. These priorities align with our core UN SDGs. The topics Best Forest Management Practices and Sustainable Forest Management directly support our work towards UN SDG 15 – Life on Land, which is further supported by our efforts in Biodiversity and Conservation. Safety and Wellness, Economic Performance, and Economic Contribution align with our initiatives supporting UN SDG 8 – Decent Work and Economic Growth. Direct Environmental Impacts are a key component of our work toward UN SDG 12 – Responsible Consumption and Production. Several other topics deemed “significant” also run parallel with our core or supported UN SDGs. Climate Change and Natural Climate Solution Strategies reflect the work we are doing in support of UN SDG 13 – Climate Action. Government Relations and Public Advocacy, combined with the support of our Associations, are key to our work in UN SDG 17 – Partnerships for the Goals. The additional UN SDGs we support are reflected in many of the other topics that are important to both stakeholders and to our business success.