Coillte's core purpose is to enrich lives locally, nationally and globally through the innovative and sustainable management of natural resources
Coillte is a commercial company operating in forestry, land based businesses, renewable energy and panel products.
The company employs approx 1,000 people and was established in 1988. It owns over 445,000 hectares of land, about 7% of the land cover of Ireland.
Coillte manages its forests to deliver social, economic and environmental benefits.
One of the key areas where Coillte has a positive, measurable impact is in the provision of public goods. Public goods are “non market services” that cannot be traded but are enjoyed by many. These include contributing to national biodiversity, providing extensive recreation opportunities, protecting cultural heritage and improved water quality.
The value of these Public Goods can be measured:
- Coillte and the Heritage Council commissioned research which found that Nature and Biodiversity, Landscape and Cultural Heritage together have a value of over €500m per annum in benefit to the Irish people.
- Separate research commissioned by Coillte and the Irish Sports Council estimated that forest recreation makes a public goods contribution of €97m per annum.
- It was also estimated that the economic activity generated by these visits is in the order of €270m annually – a significant contribution to rural economic development.
So as we like to say….trees are just the start of it!