EFM to supply 676000 Carbon Removal Credits under a long-term contract with Meta, a forest investment and management company, aiming to provide these credits by 2035. Under the agreement, 68,000 acres of forest on the Olympic Peninsula in Washington will be managed using climate intelligence to remove more than a million tons of carbon emissions over the next ten years.

EFM CEO Bettina von Hagen stressed that this agreement enables the firm to manage forests for social advantages, such as improved animal habitats, sustainable timber production, and partnerships with tribes to restore salmon stocks. She conveyed gratitude for Meta‘s acknowledgment of the vital role forests play in tackling climate issues and promoting high-caliber carbon projects that benefit a range of stakeholders, including sawmills, communities, homeowners, investors, and tribes.

Throughout the Pacific Northwest, EFM uses climate-smart management techniques to oversee more than 200,000 acres of FSC-certified forests. The company, which has twenty years of expertise, is growing into new industries that use climate investments to provide both financial and environmental advantages. With money from EFM’s investment funds and partners like the Natural Capital Fund, which is administered by Climate Asset Management, this contract guarantees consistent carbon revenue while reducing monetary hazards in climate-smart forest management. More than $1 billion has been raised by this fund for global carbon and nature-based projects. Significant-scale climate-smart forest investments were made possible by the project’s creative financing structure, which was shaped in significant part by Meta’s early engagement.

Meta’s Commitment to Net-Zero Emissions

In order to reach net-zero emissions throughout its value chain by 2030, Meta is concentrating on cutting emissions and funding carbon removal initiatives, according to Tracy Johns, Carbon Removal Lead. She mentioned that EFM was chosen by Meta because of its solid reputation for sustainable forest management and that Meta encourages high-impact initiatives. The company’s participation in this initiative, she continued, is in line with its objective of combining the advantages of forestry and climate change while offering local communities environmental value.

Businesses may offset their carbon impact by using carbon credits, which are equivalent to the elimination of one metric ton of CO₂ emissions. Meta’s most recent sustainability report states that 7.4 million metric tons of CO₂ were released as net emissions in 2023. The corporation has pledged to keep Scope 3 emissions at or below 2021 levels by 2031, achieve a 42% reduction in Scope 1 and 2 emissions by 2031, and ensure that the majority of suppliers implement science-based GHG reduction objectives by 2026. Meta keeps funding technical and natural carbon removal programs to address residual emissions. Furthermore, the business has a carbon offset contract with Timberland Investment Group (TIG) of BTG Pactual that allows it to buy up to 3.9 million carbon credits until 2038.

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Restoring and Conserving the Olympic Rainforest

EFM is to supply Meta with 676000 carbon removal credits through its climate-smart management approach in the 68,000-acre Olympic Rainforest, situated next to Olympic National Park, a UNESCO World Heritage Site and Biosphere Reserve. Formerly managed for lumber, this forest is now part of a broader initiative to improve biodiversity and climate resilience, with EFM’s accredited FSC climate-smart management approach complementing regional conservation efforts.

The program adheres to the 5Rs™ of EFM: relationships, rotation, reserves, retention, and restoration. Within the next ten years, it is anticipated that climate-smart forestry initiatives will:

• Remove more than one million tons of carbon emissions.
• Over 15 years, almost quadruple wood stocks while enhancing forest health.
• Encourage conservation efforts by establishing a 150-mile corridor that spans five million acres from Hood Canal to the Olympic Marine Sanctuary.
• Support threatened species and revive wild salmon populations to increase biodiversity.
• Encourage cooperation on cultural harvesting and wildlife restoration with the Quileute and Hoh people.
• Increase public access by enhancing trail links to the Pacific Northwest National Scenic Trail and the Olympic Discovery Trail.

EFM ensures high-quality carbon credits while avoiding over-crediting by utilizing ACR’s dynamic baseline technique. Martin Berg, CEO of Climate Asset Management, said that his company was established to be a leader in natural capital investing and that he was happy to help EFM and Meta acquire the Olympic Rainforest. He restated the business’s dedication to promoting significant, environmentally friendly investments for a sustainable and climate-resilient future.

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