Governance and Oversight
Rayonier delivers value to our shareholders through the sustainable management of our forests, continued strategic growth and strong financial returns. Forestland is a long-term asset, thus sustainability and responsible stewardship are embedded in our business and critical to our long-term success.
Rayonier understands that it is accountable not only to investors, employees and residents of the communities where we operate today, but also to future generations. Our approach to, and position on, key environmental, social and governance (ESG) issues affecting our long-term sustainability cover practices under all three of our businesses: Forestry, Real Estate and Land Resources, in all locations.
The Nominating and Corporate Governance Committee of the Board of Directors provides oversight of ESG matters. The specific responsibilities are laid out in the Charter of the Nominating and Corporate Governance Committee. A bottom-up approach to best practices, combined with oversight by senior leadership guides the development and implementation of our ESG policies and practices. We perform internal and external (where applicable) audits and risk assessments to maintain these practices. In addition, Rayonier has an Enterprise Risk Management program led by senior managers through which we identify, evaluate and mitigate risks – including ESG risks.
Rayonier aims to improve transparency on these issues over time and welcomes stakeholder feedback.