Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Employee Well-being
• Community Engagement
• Diversity, Equity, and Inclusion
• Governance

Environmental Achievements

• Forests sequestered over 14.5 million MtCO2-e, exceeding corporate emissions of roughly 380,000 MtCO2-e.
• 96% of U.S. timberlands and 94% of New Zealand timberlands certified by SFI, FSC, and PEFC respectively.
• Invested more than $22 million in salmon habitat improvements over the past 20 years, restoring 220 miles of stream habitat.

Social Achievements

• Implemented a comprehensive employee wellness program, 'Stay Strong'.
• Achieved 100% Safetree™ certification for eligible New Zealand contractors.
• Company giving totaled $623,829, supporting conservation, education, community, and health initiatives.
• Average employee tenure of 9.6 years and voluntary turnover rate of 3.7%.

Governance Achievements

• Formed a Diversity, Equity, and Inclusion (DE&I) task force.
• Established a comprehensive Code of Corporate Conduct and Supplier Code of Conduct.
• Maintained a whistleblower program and annual compliance and ethics risk assessments.

Climate Goals & Targets

Environmental Challenges

• Introduction of new diseases/pests or proliferation of known ones.
• Increased frequency and severity of catastrophic weather events, drought, and forest fires.
• Changes in plant and tree diversity due to climate change.

Mitigation Strategies

• Tree improvement program focusing on disease and pest resistance.
• Geographic diversity of timberlands and fire prevention measures (controlled burns, fire lines).
• Research and development to identify and mitigate risks associated with biodiversity changes.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Catastrophic weather events
• Drought
• Forest fires

Transition Risks

• Changes in plant and tree diversity

Opportunities

• Increased tree growth due to higher CO2 levels
• Increased demand for wood-based building products

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: SFI, FSC, PEFC

Environmental Metrics

ESG Focus Areas

• Sustainable Forest Management
• Safety
• Diversity, Equity, and Inclusion
• Corporate Governance
• Emissions Reduction Targets
• Commitments Regarding Deforestation
• Land-Based Solutions Opportunities
• Safety Targets
• VPP Certification
• DEI Task Force Initiatives
• Board Refreshment
• Leadership Succession
• Advancing ESG Reporting

Environmental Achievements

• 14.6 million MtCO2-e of carbon sequestered vs. 290,000 MtCO2-e emitted
• 38.3 million seedlings planted
• 50% year-over-year reduction in contractor recordable injury count in the U.S.
• Executed first CCS and solar leases
• Nursery installed a new system to increase water use efficiency by reducing excess water when irrigating

Social Achievements

• Donated US$283K in the United States and NZ$164k in New Zealand
• Improved parental and caregiver leave (increased fully paid leave up to five weeks)
• Pilot mentorship program created
• 11 interns across geographies

Governance Achievements

• 60% diverse Board
• 2 of 3 committee chairs are women
• Annual bonus program incorporates ESG-related initiatives
• Human Rights policy development and training rollout
• Comprehensive cybersecurity review performed annually

Climate Goals & Targets

Environmental Challenges

• Deforestation from real estate development activities
• Need to formalize emission reduction targets
• Lack of clarity on land-based solutions
• Contractor fatalities

Mitigation Strategies

• Actively evaluating opportunities to expand commitment on deforestation
• Formalizing targets aligned with IPCC guidance and the Paris Agreement by the end of 2023
• Allocating meaningful resources to advancing land-based solutions opportunities
• Evaluating situations surrounding incidents and implementing action plans to highlight mitigation measures for safety risks

Supply Chain Management

Responsible Procurement

• Supplier and Contractor Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Heat extremes
• Drought
• Insects and diseases
• Fires

Transition Risks

• Policy changes
• Market shifts

Opportunities

• Water use efficiency
• Land use
• Participation in carbon markets
• Land-based solutions
• Certified wood products
• Increased tree growth

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: SFI, FSC, PEFC

Sustainable Products & Innovation

• Mass timber
• Wood-based packaging

Awards & Recognition

• Large Business of the Year (Nassau County Chamber of Commerce)
• Industry Partner Award (University of Florida IFAS)
• Advancing Gender Diversity in the Boardroom (WEL)
• Inaugural Women in Forestry Excellence Award (Southern Wood Council)
• Florida 500: Florida’s Most Influential Business Leaders (Florida Trend)

Environmental Metrics

ESG Focus Areas

• Sustainable forest management
• Climate change
• Safety
• Employee well-being
• Diversity & Inclusion
• Community engagement
• Corporate governance
• Business ethics
• Cybersecurity

Environmental Achievements

• Our forests removed approximately 7x more carbon than we emitted
• 5.8 million-gallon water savings (16% YoY reduction) at our nursery due to efficiency improvements
• 43 million seedlings planted in the US and New Zealand

Social Achievements

• Zero fatalities among employees and contractors
• Total recordable incidents decreased YoY by 21%
• Employee engagement score of 79% favorable
• Donated US$333k in the United States and NZ$100k in New Zealand
• 78 weeks of work time volunteered

Governance Achievements

• 89% independent board
• 66% diverse board
• Two of three committee chairs are chaired by women
• 100% of employees completed training on Standard of Ethics and Code of Corporate Conduct

Climate Goals & Targets

Environmental Challenges

• Climate change impacts on forest ecosystems (heat extremes, drought, insects, diseases, fires)
• Transition risks (policy changes, market shifts, sawtimber/pulpwood demand)
• Downstream Scope 3 emissions (outside operational control)
• Maintaining biodiversity in working forests

Mitigation Strategies

• Climate smart forestry practices (adaptation strategies, research, innovation)
• Emissions reduction targets (42% reduction in Scope 1 & 2 emissions by 2030, 25% reduction in Scope 3 cradle-to-gate emissions by 2030)
• Net-zero emissions by 2040
• Collaboration with customers to reduce Scope 3 emissions
• Mitigation Hierarchy (avoid, minimize, restore/rehabilitate, offset biodiversity losses)
• Improved water use efficiency
• Investing in safety personnel and programs
• Strengthening contractor safety initiatives

Supply Chain Management

Responsible Procurement

• Supplier and Contractor Code of Conduct
• PEFC chain of custody certification at Savannah, Georgia log yard
• Exclusion of logs from unknown or controversial sources

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes
• Tornadoes
• Increased temperatures
• Changes in annual rainfall
• Increased tree mortality

Transition Risks

• Policy changes
• Market shifts (sawtimber and pulpwood demand)
• Reputation risks

Opportunities

• Solar, wind, and CCS
• Participation in carbon markets
• Land-based solutions
• Increased tree growth from higher CO2 and longer growing seasons

Reporting Standards

Frameworks Used: SASB, TCFD, UN SDGs

Certifications: SFI, FSC, PEFC

UN Sustainable Development Goals

• 1
• 2
• 3
• 4
• 5
• 6
• 8
• 9
• 10
• 11
• 12
• 13
• 14
• 15
• 16
• 17

Rayonier mapped material sustainability topics, commitments, and relevant metrics to the UN SDGs.

Awards & Recognition

• Governor’s Business Leader Award
• Deal of the Year Award
• Healthiest Companies List
• Golden Pulaski Award
• Industry Partner of the Year