GreenGold has entered into an agreement to generate and deliver carbon credits
from its production forests in the north of Sweden. Through this initiative, the
company takes an active role in developing both the design and implementation of
carbon credits from Swedish production forests.
from its production forests in the north of Sweden. Through this initiative, the
company takes an active role in developing both the design and implementation of
carbon credits from Swedish production forests.
This step builds on the success of our UK operations, where earlier this year we
launched our first afforestation project and secured our first carbon-credit
agreement.
Revenues from carbon credits are expected further into the future. However, this
represents additional recognition of our sustainable, value-creating forest
management approach and aligns with our long-term strategy of land multi-use and
revenue diversification.