CatchMark Releases 2020 ESG Report Yahoo FinanceCatchMark Releases 2020 ESG Report Yahoo Finance
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ATLANTA, December 23, 2021 /PRNewswire/ — CatchMark Timber Trust, Inc. (NYSE : CTT) today released the 2020 ESG Report, which details CatchMark’s deep commitment towards meeting the highest standards in environmental stewardship, corporate governance, and social responsibility. The report details CatchMark’s commitment to incorporating sustainable practices into all operations. This is intended to produce positive results for all stakeholders, including shareholders, customers suppliers, contractors, employees, and neighbors. The report also highlights important ESG goals for the future. CatchMark Timber Trust, Inc. (PRNewsFoto/CatchMark Timber Trust, Inc.) Brian M. Davis, CatchMark’s President and CEO said: “To maximize the value of our exceptional timberlands we must continue to engage in environmentally sound practices across our operations. These include sustainable harvests that promote biodiversity and forest health, as well as seeking out opportunities for carbon sequestration, alternative land uses, and addressing climate change. We promote a safe work environment and use programs and procedures to ensure compliance with high standards of corporate governance. “The 2020 ESG Report also contains CatchMark’s 2020 Carbon Report. This is a detailed analysis on carbon storage, carbon sequestration and emissions. It calculates the Company’s overall net carbon impact from timberland operations in South America. The report shows that the company has sequestered almost 1.9 million metric tonnes of CO2 and achieved a positive net carbon impact of approximately 125,000 metric tons in 2020. We are moving quickly to realize the value of our environmental initiatives, such as carbon sequestration. “About CatchMarkCatchMark, NYSE: CTT), seeks to provide consistent and growing per-share cash flow through disciplined acquisitions and superior administration of prime timberlands located within high demand U.S. market markets. The company focuses on maximising cash flows across business cycles. It strategically harvests its high quality timberlands to generate durable revenue growth. It also takes advantage of the proximate mill market, which provides a reliable outlet for merchandiseable inventory. CatchMark is based in Atlanta and focuses exclusively on timberland management and ownership. It has interests in approximately 370,100 acres* in timberlands in Alabama, Georgia, and South Carolina. Visit www.catchmark.com for more information.
* Effective October 15, 2021. Forward-looking statementsThis press release contains forward looking statements that are within the meaning of Section 27A of Securities Act of 1933 and Section 21E of Securities Exchange Act of 1934. These forward-looking statements are generally identified by the use of forward-looking terminology, such as “may,”” “will,” and “intend,” and “estimate,” and “believe,” or other similar words. These or similar words and expressions do not necessarily mean that a statement does not contain forward-looking statements. Forward-looking statements do not guarantee performance. They are based upon certain assumptions and describe future expectations. They also discuss plans and strategies, make projections about financial condition and results of operations. This press release contains forward-looking statements, including statements regarding our 2021/2022 ambitions. While many of the sustainability metrics and standards used in the preparation of our ESG report are still evolving, they do not guarantee that they will be accurate. These important factors could result in actual results or events that differ materially from those stated or implied in forward-looking statements in this press release. These forward-looking statements are only valid as of the date of the report. Except as required by law, we are not obliged to revise forward-looking statements. Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/catchmark-releases-2020-esg-report-301450152.htmlSOURCE CatchMark Timber Trust, Inc.