Forest Stewardship Council Certification for Forico
FORICO HAS been awarded Forest Stewardship Council Forest Management Certification covering almost 180,000 hectares of plantation and natural forests under its management control in Tasmania.
The FSC FM Certificate SA-FM/COC-004896 is effective November 20, 2015, for a five year period subject to successful annual surveillance audits. The certificate covers Forico’s plantation management and harvesting as well as the company’s management of 80,000 hectares of natural forest conservation reserves.
“This is a significant strategic achievement for our company, our staff and for stakeholders in our business. We particularly thank all the external stakeholders who contributed submissions directly to Forico and to our auditing and certifying body, Soil Association Woodmark,” Forico CEO Bryan Hayes said.
“This certification has required more than a year of hard work, including updated forest management planning and improved operational practices, and is testament to our people and the very high standards of forest management we aspire to achieve as we build our plantation based wood fibre business in Tasmania.
“We consider FSC FM Certification to be the pinnacle in external third party accreditation of forest management standards and it is increasingly required by our customers in overseas markets.”
Chair of the Forico Board and CEO of New Forests, Dr David Brand, commended Forico management and staff on the achievement and its importance to global investors. “Our investors include major superannuation and pension funds and they want assurance that their funds are invested responsibly. Independent third party certification of environmental and social performance is a key part of our investment approach,” he said.