Tasmania's largest private forestry management company Forico wins an award for integrating sustainability into its financial decision making at Finance for the Future Awards in London; Forico also among nine nominees to win a Climate Leadership Award

Sample article from our Sustainability & Social Responsibility

KINGS MEADOWS, Australia , November 10, 2022 (press release) –

Forico has won two major accolades in the ‘Finance for the Future Awards’ – a partnership between Deloitte, Accounting for Sustainability (A4S) and the Institute of Chartered Accountants England and Wales (ICAEW).

Forico won the award for ‘Embedding an Integrated Approach’, at the awards finals on 9th October in London. The category recognises organisations which have integrated sustainability into their financial decision making. 

Underscoring the importance of finance in combating climate change, and the scale of the challenge faced in responding, the judges presented additional Climate Leadership Awards to nine nominees, including Forico.
 

About the Awards

The Finance for the Future Awards recognise businesses, organisations and people that have demonstrated leadership which encourages sustainable practices. Established in 2012, the awards’ goal is to inspire, inform and influence people in the finance sector to embed sustainability in decision-making and business practice.

Entrants in the category had to demonstrate:

  • that sustainability is at the core of the business’ activities;
  • that the business delivers tangible environmental and/or social benefits in addition to deliver value for money within prudently managed budgets, spending less, spending well and spending wisely;
  • that the involvement of the finance team is critical in delivering on the above goals.
  • Veronica Poole, Vice Chair of Deloitte UK said of the awards, ‘The past year has seen a devastating string of extreme weather events, showing clearly that we are already living in a climate crisis. So, if we are to turn back the tide of climate devastation and unlock a resilient, sustainable, clean energy economy to preserve our planet, we need to act now. Today we celebrate organisations that are showing climate leadership, innovation, commitment and progress. They provide an inspiration and a learning opportunity for us all.’

Forico and Natural Capital Reporting

Forico has been widely recognised as having set a benchmark for business and industry in environmental stewardship and corporate sustainability reporting, releasing its world-leading Natural Capital Reports in 2020 and 2021, a first in Australia.

Chief Financial Officer Rayne van den Berg said of the win, ‘This was such an exceptional cohort of fellow finalists and winners, and we are very excited at being recognised in this international forum for our profession. This is testimony to the passion we all share at Forico to be part of the solution towards a truly sustainable and nature positive future.’

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