Latest news with #ImprovedForestManagement
Business Wire
07-05-2025
- Business
- Business Wire
EFM Signs Deal With Microsoft for Purchase of Nature-Based Carbon Removals and Fund Investment
PORTLAND, Ore.--(BUSINESS WIRE)--EFM, a forest investment and management firm has finalized a multi-year offtake agreement with Microsoft alongside a fund investment that together secure Microsoft's access to up to 3 million nature-based carbon removal credits from EFM's investment platform. The deal includes an offtake agreement for the delivery of up to 700,000 credits through 2035, from a recently acquired property in Washington State's Olympic Peninsula that EFM is transitioning to climate-smart forest management. Additionally, Microsoft's Climate Innovation Fund (CIF) invested in EFM Fund IV, which aims to mobilize $300 million for climate-smart forestry across the U.S. This is CIF's first forestry investment in the United States and helps Microsoft secure future streams of up to 2.3 million additional high-quality credits with significant ecosystem and community benefits. 'Microsoft's support marks a pivotal step in accelerating support for high-quality improved forest management projects,' said Bettina von Hagen, CEO of EFM. 'Their leadership sets a strong precedent for the carbon market and reinforces the importance of natural forests as a scalable natural climate solution in the U.S. With their support, we see Fund IV growing and producing significant climate benefits alongside financial value for its investors.' 'Microsoft recognizes the important role of high-quality, nature-based solutions in meeting our Carbon Negative by 2030 goals. Our collaboration with EFM is a significant step towards unlocking the value of the latest scientific advancements in improved forest management as a carbon removal pathway. We are proud to contribute to climate-smart forest management in Microsoft's own backyard on the Olympic Peninsula,' said Brian Marrs, Senior Director of Energy & Carbon Removal at Microsoft. Scaling Impact Through EFM Fund IV EFM Fund IV's first investment, 68,000 acres in Washington State's Olympic Peninsula, exemplifies the company's FSC-certified, climate-smart strategy. The property had been industrially managed for close to a century by the prior owner. EFM's approach diversifies the revenue streams from forests to include carbon credits and conservation easements alongside revenue from conventional forest products. EFM Fund IV will initially focus on securing forest properties in the Western U.S., while also exploring other domestic markets where climate-smart management can create a competitive advantage for investors, alongside benefits for local communities. By enhancing the ability of the country's working forests to function as robust carbon sinks, the fund will support the long-term forest health and economic sustainability of these natural assets and the communities that rely on them. Raising the Bar for Improved Forest Management (IFM) Microsoft's long-term offtake agreement and investment in Fund IV will help raise the bar for Improved Forest Management (IFM) carbon projects, signaling their potential as scalable and effective climate solutions. IFM is a carbon market methodology that encompasses a suite of sustainable forestry practices aimed at increasing or maintaining forest carbon stocks and improving forest health. These practices include extending the rotation age of trees, reducing the impact of logging operations, and promoting selective harvesting. Microsoft will provide more information on its MSCDR website about its approach to IFM. By implementing these strategies, IFM projects can not only increase the carbon storage of commercial forests, but also improve biodiversity, enhance water and soil quality, and provide socio-economic benefits to local communities. Recent innovations, such as the adoption of dynamic baselines, have strengthened the integrity of IFM projects. EFM is committed to employing the best-in-class methodologies, ensuring that project baselines accurately reflect current policy and market conditions. With Microsoft's support, EFM is also adopting additional measures to further strengthen the integrity of its IFM credits. It does this by implementing a conservative approach that deliberately limits the amount of harvesting that is predicted in the baseline, or business-as-usual, scenario. About EFM EFM is an investment and management firm that acquires forests and implements climate-smart strategies in the Pacific Northwest and beyond. EFM creates value by combining timber production with revenues from carbon sequestration, conservation, recreation and biodiversity. EFM's investment management business focuses on FSC-certified forests in the US, and its advisory business focuses on cutting-edge natural climate solutions opportunities globally. The firm has two decades of experience and manages more than 200,000 forestland acres and is expanding to markets where increased funding for climate benefits and ecosystem services can create a competitive advantage and deliver value to investors, local communities and the public.
Business Wire
28-04-2025
- Business
- Business Wire
EFM to Launch New Fund with Sojitz to Advance Climate-Smart Forestry and Carbon Solutions in the United States
PORTLAND, Ore.--(BUSINESS WIRE)--EFM, a forest investment and management firm, today announced a new joint venture with Sojitz Corporation (Sojitz), through its 100% subsidiary Sojitz Corporation of America, which will establish a forestry investment fund to generate high-integrity carbon credits and promote climate-smart forest stewardship across the United States. The new entity, EFM Sojitz Management, LLC (ESM), will manage the fund and aims to raise approximately USD 200 million, with initial participation expected from Sojitz, Fuyo General Lease Co., Ltd. and other global investors. Building on EFM's proven expertise in managing more than 200,000 acres of forestland and delivering measurable climate, community, and biodiversity outcomes, this collaboration represents a significant step forward in scaling nature-based solutions to address climate change. The fund will focus on acquiring and managing forestland in climate resilient forested regions of the United States, generating returns for investors through sustainable timber production and the development of forest-based carbon credits. 'EFM's mission is to create financial value from investments in forests alongside positive environmental and social impact,' said Bettina von Hagen, CEO of EFM. 'Partnering with Sojitz allows us to expand our climate-smart forestry model, mobilize capital at scale – including in key growth markets like Japan – and provide investors with access to high-quality carbon credits that also support biodiversity, water resources, and rural jobs.' EFM's climate-smart approach diversifies the revenue streams from forests to include carbon credits and conservation easements alongside revenue from traditional forest products. This model supports forest management practices that restore timber stocks, increase the production of high-value wood products, generate enduring climate, community, and ecological benefits—such as salmon habitat restoration, recreational access, non-timber forest products, tribal cultural use, and improved carbon sequestration. EFM has been at the forefront of innovative forest carbon market approaches, including implementation of the latest improvements for Improved Forest Management (IFM) projects that deliver high integrity carbon credits recognized for their co-benefits. The new fund will enable investors to benefit from EFM's climate-smart approach, as well as receive carbon credits generated from sustainably managed forestlands. Sojitz considers decarbonization one of the most important management issues, establishing its Energy Transformation Division in 2024 to accelerate the development of renewable energy and offset solutions. The joint venture with EFM reflects Sojitz's commitment to advancing global climate goals through collaborative, nature-based approaches. 'We are excited to work with EFM, whose deep industry knowledge and impact-driven approach align closely with our vision for a sustainable, low-carbon future,' said Koji Aonuma, General Manager of Energy Transformation Department at Sojitz. 'By combining EFM's extensive knowledge and experience with Sojitz's domestic and international business networks, built through its existing businesses, we aim to form a large-scale fund and create value in collaboration with a diverse range of investors, primarily Japanese companies.' EFM will engage a diverse group of investors, particularly from Japan and other international markets, in collaboration with Sojitz. Through this effort, the partners aim to unlock new capital flows into climate-smart forestry, drive innovation in natural climate solutions, and contribute meaningfully to global sustainability objectives. About EFM EFM is an investment and management firm that acquires forests and implements climate-smart strategies in the Pacific Northwest and beyond. EFM creates value by combining timber production with revenues from carbon sequestration, conservation, recreation and biodiversity. EFM's investment management business focuses on FSC-certified forests in the US, and its advisory business focuses on cutting-edge natural climate solutions opportunities globally. The firm has two decades of experience and manages more than 200,000 forestland acres and is expanding to markets where increased funding for climate benefits and ecosystem services can create a competitive advantage and deliver value to investors, local communities and the public. Legal Disclosure This press release does not constitute an offer to sell or the solicitation of an offer to buy securities. Any offers of the securities will be made only by means of a private offering memorandum. The securities to be issued by the fund managed by EFM Sojitz Management, LLC described above have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Associated Press
26-02-2025
- Business
- Associated Press
Chestnut Carbon Announces First Issuance of Credits from Forest Conservation Membership Program
Chestnut Carbon has issued and sold more than 64,000 tons of Improved Forest Management (IFM) carbon removal credits totaling $2.2 million to global financial services companies. NEW YORK, Feb. 26, 2025 /PRNewswire/ -- Chestnut Carbon ('Chestnut'), a leading developer of nature-based carbon removal solutions, announced today that they have completed the first issuance and sale of Improved Forest Management (IFM) credits sourced from their conservation membership program branded as Forest Carbon Works. The issuance of more than 64,000 credits, or tons of carbon removal, were sold to multiple corporate buyers, including JPMorganChase. These transactions totaled $2.2 million. Chestnut's U.S.-based IFM membership program, Forest Carbon Works, provides an opportunity for private forest owners to access income-generating carbon markets while preserving the integrity and legacy of their land. The program includes landowners in 36 states with more than 150,000 acres enrolled as of February 2025. These carbon removal credits are certified through Verra on the voluntary carbon market (VCM) and undergo rigorous third-party audits. Chestnut's conservative methodology underlies carbon removal credits which are highly additional and more durable than most IFM projects in the market today. 'We're extremely proud to bring this issuance of IFM carbon removal credits to market,' said Ben Dell, CEO of Chestnut Carbon and Managing Partner of Kimmeridge. 'The high quality and integrity of our product offering is reflected in the premium pricing we're receiving for our credits.' Chestnut's carbon removal represents the highest quality IFM product available: 100% Carbon Removal: Unlike most IFM credits, which represent a blend of avoidance and removal measurement, Chestnut only sells credits measuring carbon removal. These represent emissions removed from the atmosphere and sequestered in new growth, aligning with what many sustainability-focused buyers are looking for today; Highly Additional: Chestnut's conservation membership program protects at-risk forests across the U.S. and provides landowners with an alternative revenue stream for conservation instead of harvesting their timber; and Longer Duration: Long-term conservation easements attached to member land deeds ensure carbon is stored for 60+ years. This extended timeframe surpasses most existing IFM programs available in the market (typically 40 years), providing buyers with a reliable and lasting impact on carbon removal. About Chestnut Carbon Chestnut Carbon ('Chestnut') is a leading developer of nature-based carbon removal credits. Founded in 2022 with the support of energy-focused alternative asset manager Kimmeridge, Chestnut generates U.S.-based, high-quality forest carbon offsets that are additional and verifiable to accelerate the path to net zero across a range of industries. Chestnut uses a proprietary, technology-enabled approach to developing forest carbon offset projects on family-owned forestland and marginal crop and pastureland. Chestnut's expertise is driven by an experienced team, whose diverse backgrounds include forestry, carbon regulation, environment, finance and land management. For additional information on Chestnut, its strategies and environmental stewardship, please visit
