For­est Stew­ard­ship Coun­cil Cer­ti­fi­ca­tion for Forico

Australian Forests and Timber - - IN THE NEWS -

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.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.