HAMILTON, VIC, 3 August 2017 – Forestry investment firm New Forests and Glenelg Hopkins CMA today announced a Memorandum of Understanding (MOU) to cooperate in achieving regional conservation goals and improved ecosystem resilience in a changing climate.
Glenelg Hopkins CMA is responsible for the planning and implementation of strategies to protect and enhance the health of the region’s biodiversity, water, and land. New Forests manages investments in sustainable forestry and is responsible for more than 120,000 hectares of forest and land in the Green Triangle region. As part of New Forests’ investment approach, the company seeks to be a partner in fostering sustainable and productive landscapes.
Glenelg Hopkins CMA and New Forests have previously worked together on projects throughout New Forests’ Green Triangle estate. In 2012, New Forests was a partner in the CMA’s successful $2.7M South West Biolinks project – funded through the Australian Government. The project involved the re-establishment of over 200 hectares of indigenous vegetation and the protection and enhancement of over 450 hectares of remnant vegetation on New Forests’ properties.
“Conservation and stewardship projects on parts of forestry properties can contribute to more sustainable overall landscapes,” said New Forests’ CEO, David Brand. “This MOU sets the stage for ongoing implementation of such programs and reflects New Forests’ commitment to partner with CMAs on private land in a way that supports healthy plantations and landscapes over the long term.”
“On behalf of the Glenelg Hopkins CMA, I’m pleased to sign this MOU and formalise our ongoing collaboration with New Forests as a significant land manager in our region,” said Kevin Wood, CEO of the CMA. “Securing participation from private landowners is crucial to implementing the Regional Catchment Strategy and improving our ecosystem resilience in a changing climate.”
“Our region continues to face significant pressures such as climate change and our growing population. Working together to strengthen collaboration, partnerships, and accountability is important in addressing these challenges,” said Kevin Wood. “With cooperation and coordination among individuals and organisations, we can achieve great outcomes for our regional environment and economy.”
This week New Forests is hosting its third annual collaborative planning workshop with local forestry companies, convened for the purposes of sharing information, aligning objectives, and discussing joint conservation priorities. The focus this year will be on fire preparedness, fire insurance, water management, and conservation projects.
“New Forests is dedicated to working with our property managers, Glenelg Hopkins CMA, and other stakeholders to identify and pursue opportunities to add sustainable and productive value to our plantation forests and land,” said Amanda Naismith, New Forests’ conservation and stewardship manager. “Collaboration is a key component of our ability to deliver better conservation outcomes for the Green Triangle region and improve the ecological condition of the land we manage.”
About Glenelg Hopkins CMA
Glenelg Hopkins CMA is responsible, with others, for natural resource management within the region. It takes an integrated, whole-of-catchment approach by combining strategic planning with co-ordination for management of natural resources. Glenelg Hopkins CMA is an important link between community and government, providing advice to the Australian and State Governments on environmental conditions, priorities, and direction within the Glenelg Hopkins region. Our vision is to achieve a healthy and sustainable relationship between the natural environment and the community’s use of land and water resources.
About New Forests
As global demand for resources grows, there is a need to increase productivity while ensuring the conservation of the world’s remaining natural forests. New Forests seeks to create investment strategies that provide lasting solutions to this challenge. Through responsible management of forests and other real assets, we create shared benefit for investors and local communities alike. We believe that meeting the needs of a broad range of stakeholders will provide better returns over the long term. New Forests has international reach, with offices and assets in Australia, New Zealand, Southeast Asia, and the US. This gives us a global perspective combined with local expertise that allows us to understand and manage our assets more effectively. Wherever we operate in the world, our strength lies in our people and their drive to make investments that create the best possible outcomes. By investing with integrity and transparency we aim to generate strong returns while helping tackle some of the world’s great sustainability challenges. Learn more at www.newforests.com.au.