FSC first for NZ registered MIS
Friday 24 Jun 2022Forest Enterprises has achieved Forest Stewardship Council responsible forest management and chain-of-custody certification for 19 forests the company manages on behalf of its retail investors. These are the first registered managed investment schemes (MIS) in New Zealand to be FSC certified.
“Achieving FSC certification is validation that our forest management practices meet the highest international standards”, says Forest Enterprises CEO Bert Hughes. “We know how important this is to our investors.”
The investment forests which have FSC certification are Blairlogie, Blairlogie North, Cleland, Ngahape, Rata Hills, Ratahuia, Te Hau and Te Puhi (Wairarapa); and Glenwood, Goodwood, Hokoroa, Hokoroa North, Homewood, Longwood, Majestic Pine, Millwood, Ormond, Te Karaka and Te Karaka North (Gisborne).
A further 26 investment forests are scheduled to be evaluated for certification later this year. Forest Enterprises celebrates its 50th anniversary this year and remains one of New Zealand’s leading forestry investment managers. In addition to its investment forests, Forest Enterprises also manages 17,000 hectares of FSC certified forestry in the North Island for a private international impact investment fund.
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