FEDERAL WAY, Wash.
Aug. 12, 2013
/PRNewswire/ -- With the completed acquisition of
approximately 645,000 acres of forestland in
in July, Weyerhaeuser Company (NYSE: WY) now owns or manages approximately 20.5 million acres of forestland in the U.S. and
, making the company one of
—and the world's—largest private sustainable forestry operations.
"Weyerhaeuser is dedicated to industry leadership in forest stewardship and sustainability, and we will continue that leadership as we bring the recently acquired
operations into our portfolio," said
, Weyerhaeuser's executive vice president of Timberlands. "All of Weyerhaeuser's North American forests will continue to be certified to the Sustainable Forestry Initiative
standard, which ensures that our forest management practices meet a broad spectrum of social, economic and environmental requirements."
With more than 240 million acres within its purview, the Sustainable Forestry Initiative is the largest forest certification standard in the world. Certification criteria are established by a diverse group of community organizations, environmental groups, industry, academia and government agencies.
"By successfully achieving independent, third-party certification of its lands to the SFI standard, Weyerhaeuser has demonstrated a strong commitment to responsible forestry and to the communities that depend on a variety of forest benefits," said
, president and CEO of the Sustainable Forestry Initiative.
To become SFI certified, auditors assess compliance in dozens of factors key to responsible, renewable forest management, including demonstrated performance in forest productivity and health, sustainable harvesting, protection of water resources, promotion of biodiversity and fish and wildlife habitat, protection of at-risk species, legal compliance, training, ongoing research and continuous improvement, and more.