In addition to climate impact, the strategies highlighted in the previous section also have an explicit focus on the broader tenets of sustainable development, and the involvement of local communities.
They emphasise that the desired ecological and environmental benefits of investments cannot be achieved without relevant stakeholder buy-in, and that there should not be a trade-off between seeking environmental benefits and supporting local development, and better social and governance performance.
Forestry investing, through such strategies, among others, can therefore also potentially play a part in achieving the 17 SDGs, many of which can be tied directly or indirectly to forestry. For example:
SDG 3: Good health and well-being
SDG 6: Clean water and sanitation
SDG 7: Affordable and clean energy
SDG 12: Responsible consumption and production
SDG 13: Climate action
Currently, different asset owners and investment managers employ different approaches to assessing their contribution to the SDGs. A core step to help ensure that forestry fs potential in this regard is fulfilled is therefore to enhance the reliability and consistency of SDG-related metrics within the industry.
An introduction to responsible investment in forestry
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Achieving the SDGs through forestry investing