Nowadays, we all know that forests play an important role in absorbing and conserving CO2 from the atmosphere and that they are essential for the provision of renewable raw materials as well as many other valuable environmental services, such as the conservation of soil properties, regulation of the water cycle, protection of biodiversity. Moreover, they play an important role for human social and economic development.
An essential aspect for those who invest within the framework of sustainable and responsible investments is the ability to measure and verify the positive impacts generated by their investment. In this regard, the forestry sector is at a very advanced level. Since the early 1990s, with the emergence of the concept of sustainable forest management at the institutional level, the sector has seen the development of a significant number of tools to measure and guarantee the application of concepts of sustainability and responsibility to forest management. Today, globally, there are more than 50 standards, quality protocols and rating systems applicable to forestry investments to ensure their environmental sustainability and to mitigate technological, legal, reputational, and social risks. (For further information).
The most widespread and recognized tool is the Forest Stewardship Council® (FSC®) responsible forest management certification standard. Furthermore, thanks to the recent FSC Ecosystem Services Procedure (FSC-PRO-30-006 V1-0) it is possible to identify, measure and verify with a third-party audit the positive impacts of responsible forest management on 5 categories of ecosystem services: CO2 capture and conservation, biodiversity conservation, soil conservation, water services and recreational services. To find out more about it, visit the dedicated page.