SPOKANE, WA – PotlatchDeltic Corporation today announced it has established a 2030 greenhouse gas emissions reduction target for Scope 1 and Scope 2 emissions of 42% and a Scope 3 value chain GHG emissions reduction target of 25% from a 2021 baseline. The company has multiple offices and facilities, including in Lewiston, St. Maries, Deary, and Orofino; its home office is in Spokane.
The targets are in accordance with the non-FLAG Science Based Targets Initiative to keep global temperature increases to less than 1.5°C compared to pre-industrial levels and a commitment letter will be submitted to SBTi for validation in 2023, according to a press release.
A November article from Scientific American states that the world has already warmed by about 1.3°C, and studies suggest temperatures could cross 1.5°C within a decade.
Key components of PotlatchDeltic’s initiative include increased utilization of wood residuals, electrification of mobile equipment, energy efficiency efforts, the purchase of green power from electricity suppliers, and working with our value chain. The Company also committed to a goal to achieve net-zero GHG emissions by 2050, including the development of non-FLAG SBTi 2050 GHG reduction targets.
“Climate change is one of the greatest challenges and opportunities of our time and the reduction targets are an important milestone of our ESG strategy,” according to Anna Torma, Vice President Public Affairs and Chief ESG Officer. “Our carbon and climate teams continue to pursue GHG reduction opportunities, and we remain focused on the natural climate solutions that our timberlands and wood products can provide.”
PotlatchDeltic is a leading Real Estate Investment Trust that owns nearly 2.2 million acres of timberlands in Idaho, Alabama, Arkansas, Georgia, Louisiana, Mississippi, and South Carolina. It is based in Spokane.
Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development businessm and a rural timberland sales program. More information can be found at www.potlatchdeltic.com.
