The agreement enables shared decision-making for Forest Landscape and Operations Plans within Tree Farm Licence 37 overlapping ‘Na̲mg̲is territory near Woss and Port McNeill.
The allowable annual cut decreases by 26.2% and includes partitions for old and young forests to maintain sustainable harvest levels after wildfire impacts.
The company has already reduced 80% of purchases from affected suppliers and will cut 95% by March 2026, leaving 0.50% of its virgin fibre sourced from the region.
Forest owners in Norway received 800 million kroner ($72 million) from the fund in 2024 as higher timber prices and harvest volumes increased investments.
Result before tax reaches Euro -5 million as lower volumes and higher digital costs weigh on margins; 24 million seedlings planted during the 2025 season.
The buyers include Soya Group and MEAG-led consortium.
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