Jun 05, 2009 08:00
St Peter Port, Guernsey, 5th June, 2009 - The Forest Company Limited ("The Forest Company" or the "Company"), a closed-ended investment company incorporated and registered in Guernsey, announces that it has become a signatory to the UN Principles for Responsible Investment ("UN PRI").
Launched in 2006, the Principles for Responsible Investment are in essence a set of global best-practices for responsible investment. By incorporating environmental, social and governance criteria into investment decision-making and ownership practices, The Forest Company and other signatories to the Principles are directly influencing companies to improve performance in these areas. This, in turn, is contributing to efforts to promote good corporate citizenship and to build a more stable, sustainable and inclusive global economy.
The benefits to The Forest Company of becoming a signatory range from access to examples of best practice to participation in opportunities to collaborate and network. Harald Orneberg, CEO of the investment manager, recently spoke at the annual UNPRI signatory event in Sydney, Australia.
For additional information, please contact:
Sally-Anne Baron, Timber Capital Limited +1 441 295-4737.
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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