HVP Plantations released its Climate Commitment Statement in November 2021 (link). The company says the good story it tells is about HVP Plantation’s climate mitigation credentials and how it expects its Victorian operations to have met, and continue to maintain net zero (that is, the annual increase in carbon captured by its plantation estate more than offsets emissions associated with growing and selling logs).
The Climate Commitment Statement will be followed by a detailed Climate Disclosure Report later in 2022. HVP Plantations General Manager Forest Resources, Dr Tony O’Hara, is drafting the report. There is a strong commitment from HVP Plantations’ staff to net zero, that is reinforced by the strong stance on climate change issues held by its main shareholders (US majority shareholder Manulife Investment Management and Australia’s UniSuper), as well as the influence of other shareholders and related companies in Queensland and New Zealand.