New Forests Company Management Services (Pty) Ltd 2023 SR
The report details the sustainability performance of The New Forests Company for the fiscal year 2023. Despite macroeconomic challenges, including inflation and timber export bans, the company completed its balance sheet restructuring and secured a new investment from AgDevCo to support out-growers. Key achievements include planting 46 million trees to date, maintaining a carbon sink of 2.6 million tonnes of CO2e, and supporting 18 bee-keeping groups. Additionally, the company launched the 'Misitu kwa Maendeleo' (MKM) risk management program in Tanzania and successfully connected hydro power to the Namwasa Sawmill in Uganda, significantly reducing operating costs and carbon emissions.
Company: New Forests Company Management Services (Pty) Ltd
Sector: Agriculture, forestry & fishing
Country: South Africa
Year: 2023
Type: SR
Pages: 52
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New Forests Company Management Services (Pty) Ltd
Sustainability Report
The report details the sustainability performance of The New Forests Company for the fiscal year 2023. Despite macroeconomic challenges, including inflation and timber export bans, the company completed its balance sheet restructuring and secured a new investment from AgDevCo to support out-growers. Key achievements include planting 46 million trees to date, maintaining a carbon sink of 2.6 million tonnes of CO2e, and supporting 18 bee-keeping groups. Additionally, the company launched the 'Misitu kwa Maendeleo' (MKM) risk management program in Tanzania and successfully connected hydro power to the Namwasa Sawmill in Uganda, significantly reducing operating costs and carbon emissions.
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Document Details
Report Year
2023
Reporting Period
Jul 1, 2022 - Jun 30, 2023
Fiscal Year
2023
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women in Management
Workplace Fatalities
Employees