Alternative asset manager Gresham House and nine forestry companies have launched the International Sustainable Forestry Coalition (ISFC). The ISFC is a global initiative with the objective of providing “effective international leadership” to support the role of sustainable forest management in the climate transition. Gresham House has £3.4 billion (US$4.24 billion) of forestry AUM in the UK, Europe and Australasia, with the other companies in the coalition having combined nine million hectares of forests under management in 27 countries. Ross Hampton, Executive Director of the ISFC, said that the ISFC’s mission is to advocate for increasing the global provision of renewable materials in the context of a circular bioeconomy, supporting growth that is “compatible with climate and nature recovery imperatives”, embedding science-based principles in policy and incentives, and increasing benefits to rural and indigenous people. The initiative is set to have an “active presence” at New York Climate Week later this month and COP28 in Dubai, where it will focus on topics including biodiversity measurement, international methodologies for carbon accreditation, and the conservation of ecosystems.
The International Sustainable Forestry Coalition launched today!
Ten leading #ForestryCompanies, managing ~9M of forests in 27 countries announced that they are uniting to help solve some of the world’s largest environmental challenges.
— William Sisson (@WSissonWBCSD) September 7, 2023