Corporate furniture retailer IKEA announced it will be purchasing 11,000 acres of forest in Georgia to prevent it from being lost to development.
Committed to protecting the environment and striving to become a carbon neutral company, the forest’s purchase is part IKEA’s strategy to reduce more carbon than it creates through its value chain.
The forest located in the Altamaha Basin is now owned by the IKEA subsidiary, Ingka Group, which is working in consultation with The Conservation Fund, a U.S. based non-profit that works to protect approximately 8-million acres of forests in the U.S., to help preserve the forest. The forest is also home to the gopher tortoise which is a priority species for conservation.
Prior to IKEA’s purchase the forest was a working forest in which lumber was harvested and regrown. Frequently, working forests are segmented into smaller forests as commercial needs change over time. The Conservation Fund and Inka are working to ensure this does not happen by creating permanent easements that legally prevent the forest from ever being segment into smaller parcels.
Currently, the Ingka Group owns 616,000 acres of forests in the U.S. and Europe. Larry Selzer, President and CEO of The Conservation Fund said, “Well-managed forests provide essential benefits, including clean water and important wildlife habitat, as well as mitigating climate change.”
“The transfer of these lands to Ingka Investments completes our Working Forest Fund process, through which we identify and buy important, at-risk private forests; develop sustainable harvest and restoration plans; (and) secure permanent conservation protections to block fragmentation and development,” he noted.
Through forest stewardship, IKEA, the world’s largest furniture outlet, is striving to be a good corporate citizen committed to carbon neutrality and environmental sustainability.
Source: Good News Network