The forestry asset class has been attractive to institutional investors due to favourable portfolio attributes including low correlation to other asset classes, natural inflation hedging, and low volatility of returns. Sustainable and responsible management of forests can also contribute to climate change mitigation, promote a shift to more responsible production and consumption, support sustainable development, and advance a growing range of renewable products made from wood fibre. The evolution of timber markets serving a growing global population, in conjunction with the circular bio-economy and the essential role of forests in the net zero emissions transition, provides investors with diverse opportunities in forestry investment internationally.