Vienna, 1 June 2022
FLE has created a new business line: Responsible investments into forestry
While being a signatory of the United Nations PRI convention, environmental, social, and governance (ESG) issues are major drivers for FLE’s investment decisions. FLE is wholeheartedly accepting its responsibility in the global fight against climate change.
Our new business line is the result of such responsibility: Commercially managed forests are one of the world’s major means to capture and store carbon.
Trees not only store greenhouse gases, but also produce biomass and oxygen from water, CO2 and sunlight. Forests provide protection of soil and drinking water and protection from natural disasters. They are creating living spaces for a vast amount of different species, therefore preserving biodiversity while, on top, supplying raw materials for buildings, heating and electricity.
FLE commits to sustainable forest management maintaining wooded land in a way that its biodiversity, productivity, regenerative capacity and vitality are ensured. We will ensure that forests remain forests, that deforested areas or woods that suffered large-scale damage are reforested and that appropriate parts of the value creation remain within the rural population in the respective countries. The ultimate goal shall be that a forest’s potential to fulfill its vast ecological, economic, and social functions are preserved for future generations.
With the aim of building up a forest portfolio that extends to 2,500 hectares in the
short-term, FLE has reinforced its team in Vienna with a highly qualified expert on forest management: Mr. Florian Kirchner who has more than 20 years of professional experience in managing forests.
Target regions are those in which the FLE/LFPI group is present already and has a network of close collaborators and business partners.
Press contact:
Anna-Maria Schlintner
FLE GmbH
Palais Kinsky
Freyung 4/12, 1010 Vienna, Austria
office@fle.co.at
Tel.: +43 1 53202110