- Increased operational costs associated with Russia’s invasion of Ukraine
- Decreased demand for wood products
- Wildfire impacts and ongoing fire-risk monitoring
- Softening of lumber markets
- Increasing criticism of ESG in the US
- Softening market for sawn timber
- Lack of a national policy regarding voluntary carbon-market credit trading
- Historic under-investment in plantation forestry and related infrastructure in Sub-Saharan Africa
- Limited collaboration across the sector in Sub-Saharan Africa
- Nascent formal timber processing industry in Sub-Saharan Africa
New Forests Pty Ltd (ACN 114 145 274) and its subsidiaries
Greenhouse gas emissions & sustainability report data
In its 2021-07 to 2022-12 reporting, New Forests Pty Ltd (ACN 114 145 274) and its subsidiaries disclosed greenhouse gas emissions of 8.0M tCO2e (assets under management). By scope: Scope 1: 84.3K tCO2e (assets under management); Scope 2: 14.9K tCO2e (assets under management); Scope 3: 6.3M tCO2e (assets under management). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
8.0M tCO2e (assets under management)
2021-07 to 2022-12
Renewable Energy
84% (corporate)
of total energy
Waste
2.75 tonnes (corporate)
2021-07 to 2022-12
📊 Emissions by Scope (2021-07 to 2022-12)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 84.3K tCO2e (assets under management) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 14.9K tCO2e (assets under management) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 6.3M tCO2e (assets under management) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021-07 to 2022-12 | 8.0M tCO2e (assets under management) |
| 2020 | 1.6K tCO2e (business operations) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 202,000,000+ tCO2e carbon stored in production forests
- 884,000+ tCO2e carbon removals from production forests
- 2,950,500+ carbon offsets generated
- 97% of timber production certified
- 440 hectares of restoration land reforested
- 3,345 ha of wetlands restored/protected
- 5,050 km of streams or rivers restored/protected
🎯 Climate & Sustainability Targets
🔜 Short-term
- 100% renewable energy procurement at corporate offices by 2025
- Zero waste by 2030
📅 Medium-term
- Develop fund-level emission-reduction plans
- Set interim 2030 net zero target for assets under management
🔭 Long-term
- Achieve net zero emissions by 2050
- Be nature positive by 2030
🌱 ESG Focus Areas
Shared ProsperityNature-based SolutionsCircular Bioeconomy