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September 20, 2022 at 04:20 pm
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2021
CARBON & CLIMATE
REPORT
TABLE OF CONTENTS
Physical
Carbon
Climate
To Our
Storage
Impacts
Stakeholders
Appendix
Carbon
Carbon
Record
Cycle
Page
11
Page
5
Page
22
Page
Page 33
3
Page
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TO OUR STAKEHOLDERS
Our 2021 Carbon and Climate Report provides our accounting methodology for measuring our carbon removals, storage, and Scope 1, Scope 2, and Scope 3 greenhouse gas emissions and complements our 2021 ESG Report. Overall, our 2021 carbon removals and storage, including all emissions, position us as carbon negative. 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 recognize that climate change can present both risks and opportunities to our business. As part of the foundation for our TCFD (Task Force on Climate-Related Financial Disclosures) reporting, our 2021 Carbon and Climate Report also includes a climate scenario analysis that models potential physical impacts of temperature and precipitation changes on our timberlands.
We are well positioned to face the challenges of climate change and are committed to do our part.
Anna Torma
Vice President, Public Affairs
and Chief ESG Officer
PotlatchDeltic
"We are very pleased to be introducing our inaugural Carbon and Climate Report. Internal teams at PotlatchDeltic have identified a number of opportunities that will allow us to do our part to help address climate change. We look forward to making progress on these opportunities over the coming years."
Eric J. Cremers
President and Chief Executive Officer
PotlatchDeltic
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CARBON CYCLE
CARBON CYCLE
Sustainably managed forests combat climate change through carbon removal, storage and cycling. Trees absorb atmospheric carbon dioxide through photosynthesis and store it in the branches, trunk, needles, and roots. Using wood products for building stores tree carbon and using biomass for energy retains carbon within a natural loop.
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PotlatchDeltic Corporation published this content on 20 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2022 20:19:07 UTC.
PotlatchDeltic Corporation is a real estate investment trust (REIT) with operations in approximately nine states. The Company operates through three segments: Timberlands, Wood Products, and Real Estate. Timberlands segment includes planting and harvesting trees and building and maintaining roads. Wood Products segment manufactures, and markets lumber and plywood. Its products are sold to end users, retailers or wholesalers for nationwide distribution primarily for use in home building, repair and remodeling, industrial products and other construction activity. Real Estate segment consists primarily of the sale of rural land and real estate development and subdivision activity. The Company also own six sawmills and an industrial grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. It owns approximately 2.2 million acres of timberland in Alabama, Arkansas, Idaho, Georgia, Louisiana, Mississippi, and South Carolina.