Green Diamond Resource Company
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Sustainable Forest Management
- Community Engagement
- Employee Well-being
- Responsible Corporate Governance
Environmental Achievements
- Achieved 10 years of Forest Stewardship Council® (FSC®) certification in California.
- Initiated a small afforestation project in Mississippi.
- 100% of land owned and managed is certified by either SFI or FSC.
- 115,661,823 mt/CO2e sequestered in 2023
- 33,527 acres reforested in 2023
- Planted 2.9 million trees covering approximately 15,000 acres in Oregon to restore forests burned in the 2021 Bootleg Fire.
- 750K acres in carbon offset projects
Social Achievements
- Made significant Impact Fund gifts to Flathead Valley Community College and Klamath Community College, focusing on training and workforce development.
- Partnered with the Ponderosa Middle School Parent-Teacher Organization to plant 65 ponderosa pine trees.
- Awarded Mark E. Reed Scholarships of $3,000 each to 29 individuals.
- Contributed $50,000 to the Society of American Foresters Diversity Scholar Program.
- Donated new equipment trailer to California’s North Coast Junior Lifeguards program.
- Supported Flathead Valley Community College with a $50,000 Impact Fund gift.
- Administered our Annual Employee Survey to 326 nonunion employees and managers with a participation rate of 57%, with 95% of those surveyed saying they are satisfied with Green Diamond as a place to work.
- Reduced recordable injury rate by 50% and lost time rate by 12.5% from 2022.
Governance Achievements
- Sustainability is built into our leaders’ financial decision-making.
- Sustainability Council oversees the execution of our sustainability program.
Climate Goals & Targets
Environmental Challenges
- Climate change impacts varying across operating regions.
- Wildfires
Mitigation Strategies
- Proactive land management approach to adapt to climate change.
- Climate change risk and opportunity analysis conducted.
- Increased grazing on forestlands to lessen dry grass and improve soil’s water retention.
- Improved forest resiliency strategy
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Wildfires
- Changing climate impacts
Opportunities
- Carbon sequestration through afforestation and IFM projects
Reporting Standards
Frameworks Used: GRI, SFI, FSC
Certifications: FSC, SFI