SPOKANE, Wash. (News release) -- PotlatchDeltic Corporation announced the release of its inaugural Environmental, Social, and Governance (ESG) Report. The report serves as a foundation for demonstrating how the Company's ESG approach, strategies and commitments are embedded within the business, highlights ESG achievements for fiscal 2019, and sets the stage for ESG goals and continued disclosures.
"Climate change represents a challenge to all of us, but I believe we are well positioned to respond to both opportunities and risks and generate greater value for all our stakeholders. We recognize that what we do from an environmental, social and governance perspective is important to our stakeholders and we are proud of our commitment to corporate responsibility," said Mike Covey, chairman and chief executive officer. "We have managed timberlands for over 116 years, demonstrating stewardship through sustainable forest management, environmentally responsible manufacturing, and resource efficiency. PotlatchDeltic's inclusive culture prioritizes health and safety in our workforce and engagement in the communities where we work and live. Our high standards of ethics and governance are integrated into the way we do business every day. This inaugural ESG Report marks an important milestone for the work ahead," stated Mr. Covey.
PotlatchDeltic's ESG reporting is led by Anna Torma, vice president public affairs, supported by an ESG Working Group of area experts. An ESG Management Committee, consisting of senior leaders across businesses and functions reviews Working Group recommendations. ESG goals and progress are reported regularly to PotlatchDeltic's Board of Directors, which has oversight of ESG. PotlatchDeltic's 2019 ESG Report was prepared utilizing forestry management and building products industry metrics from the Sustainability Accounting Standards Board (SASB). Recommendations from the Task Force on Climate-Related Financial Disclosures (TCFD) framework were also considered. Alignment with these ESG reporting frameworks is expected to increase as the Company makes further progress on ESG reporting initiatives, including climate change risks and opportunities. The report can be found in the investor relations section of our website at www.potlatchdeltic.com.