PORTLAND, Ore.–Campbell Global (“Campbell”) today announced the results of its inaugural carbon footprint assessment for assets under management. For the 2020 calendar year, Campbell’s carbon footprint was climate positive, with managed timberlands sequestering over 1.7 million tonnes of CO2 equivalents (MMTC02e) across the United States, New Zealand, and Australia. After accounting for Scope 1, 2, and 3 emissions associated with forest operations and operating facilities, net carbon capture for the year was approximately 1.3 MMTC02e. Sustainable timber harvests also yielded more than 6.6 MMTC02e in the form of certified raw materials that were delivered to downstream wood processing facilities.
“Completion of the inaugural carbon footprint assessment further demonstrates our leadership in responsible investing and impact reporting,” said John Gilleland, Chairman and CEO. “Understanding the greenhouse gas profile for each asset entrusted to our management, well-positions us and our clients to establish and monitor progress associated with climate-related management objectives.”
To calculate the carbon footprint, Campbell collaborated with Bluesource on the development of a credible and repeatable methodology based on the Forest Industry Carbon Assessment Tool™ (FICAT) modeling framework. After configuring FICAT for Campbell’s assets under management, and updating model parameters, the tool was used to estimate the annual amount of carbon sequestered on productive timberlands and associated Scope 1, 2, and 3 emissions from operations. Campbell utilized its property-level forest inventory and accounting data to improve confidence in the modeled outcomes.
Stephen Levesque, Chair of Campbell’s Responsible Investment Committee, noted “results from the carbon footprint analysis clearly show that actively managed forests are a valuable natural climate solution. Furthermore, this work also provides important insights regarding the broader forest products supply chain and its potential to support a low-carbon economy.”
About Campbell Global
Campbell Global, LLC is a worldwide investment manager focused on timberland. They are recognized as an authority on both forest management and timberland investing. Based in Portland, Oregon, Campbell Global has nearly four decades of experience in timberland management and value creation. A pioneer in the field, they have managed more than 5 million acres worldwide for pension funds, foundations and other institutional investors since inception. Campbell Global combines ingenuity, data-supported decision making and a passion for responsible investing to deliver the best possible performance to clients.
Bluesource® is a climate action partner for private and public companies, nonprofit organizations and governments. Bluesource has pioneered creative solutions to the climate crisis since 2001, with deep expertise across environmental technologies and markets. With more than 200 active projects in the United States and Canada, Bluesource is a leader in voluntary, compliance and pre-compliance carbon, renewable energy attribute, renewable natural gas and energy efficiency markets. For six consecutive years, Bluesource has been voted Best Project Developer (North America) and Best Offset Originator (California) by peers and partners in Environmental Finance’s Annual Market Rankings.