Mar 01, 2009 08:00
St Peter Port, Guernsey, 1st March, 2009 - The Forest Company Limited ("The Forest Company" or the "Company"), a closed-ended investment company incorporated and registered in Guernsey, announces that on the 1st of March, 2009 its membership application to join Forest Stewardship Council (FSC) was approved.
FSC is the leading global certification scheme for sustainable forest management with 115.96 million hectare of forest and plantation in more than 50 countries currently certified according to its principles and criteria. The scheme was formed in 1993 and is supported by a wide range of environmental organisations, like the WWF and Friends of the Earth. FSC labelled goods can be found in retail shops all over the world and the brand has established itself as leading global brand for good forest management practise.
The Forest Company will join the industrial chamber of FSC.
Johan Larsson, Timber Capital Limited, the Company's investment manager, said:
"We are pleased to announce that FCS has accepted our membership application and proud and excited to be part of the FSC family. The FSC's Principle and Criteria for sustainable and responsible plantation management are in line with our internal policies and business conducts. Environmental and social aspects have an integral role in our business and are key elements in all our operations and investment decisions. The FSC membership further communicates our dedication to sustainable and responsible investments.
For additional information, please contact:
Johan Larsson, Timber Capital Limited + 44 7825 139 184
About The Forest Company:
The Forest Company was founded in 2007. The business concept of the Company is to use experienced Directors and an Investment Manager, with expertise in the forestry and financial sectors, to build and sustainably manage a diversified portfolio of trees, timberland and other timber related assets. The emphasis will be on investments with high biological growth, directly or in partnership with major wood fiber consuming industrial entities or other suitable partners.
In March 2008 The Forest Company completed its first capital raising amounting of USD 50 million. Management invested USD 10 million and the other shareholders include Ilmarinen, Ahlström, Sampo, Kåpan and Robur.
Initially, the Company is focusing on Brazil and is currently fully committed in two initial investments, with possible follow-on investments.
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