5 July 2019 latest news

Coillte establishes a new not for profit entity, Coillte Nature

Picture of Sunrise at Coilltes Dublin Mountain Forests

Coillte establishes a new not for profit entity, Coillte Nature

Coillte has established a new not for profit entity, Coillte Nature, which will focus on the environment and recreational forests.  Coillte Nature will target the delivery of new woodlands facilitating species diversity, biodiversity and carbon sequestration as part of the Government’s National Forestry Programme.  The establishment of Coillte Nature will also see the conversion of certain commercial Coillte forests to recreational forests, notably in the Dublin Mountains.

Coillte has always approached its 30 year role as manager of Ireland’s forestry assets in an environmentally sustainable manner.  Protecting the environment will continue to be an intrinsic part of Coillte’s sustainable forest management, as part of its normal commercial forest operations.  With the establishment of Coillte Nature, the company is seeking to advance its sustainability agenda by undertaking large discrete projects with a separate non-commercial focus.  These projects are intended to increase the national forest estate but with a strong emphasis on carbon sequestration, species diversification, biodiversity and the development of outdoor recreation and tourism amenities.

Coillte Nature will collaborate with other organisations through joint ventures, etc., in implementing forestry and recreation projects.

Commenting on the establishment of Coillte Nature the Chair of Coillte, Bernie Gray said, “Coillte’s focus is to drive a strong commercial performance and at the same time provide a valuable environmental and social dividend to society at large.  Our decision to establish Coillte Nature fits perfectly in this regard. This is a very significant and timely initiative which is naturally aligned with the Government’s focus on Climate Action.  Coillte is ideally positioned to lead the creation of new woodlands for carbon sequestration and to develop recreational forestry for the enjoyment and wellbeing of the public. Coillte Nature, which has been set up on a not for profit basis, will have a strong focus on carbon sequestration, species diversification, biodiversity and the development of forestry recreation activities.  The Dublin mountains conversion project, within Coillte Nature, is an excellent example of the kind of collaboration and innovation which Coillte can deliver for the benefit of the environment and our citizens”.

 

 

About Coillte

Coillte is a commercial forestry company, owned by the State, that manages approximately 7% of the country’s land. Coillte operate three strong businesses from this land – their core forestry business, a wood panels manufacturing business MEDITE SMARTPLY and a land solutions business. Coillte export to over 30 countries worldwide and in the financial year 31 December 2018 generated EBITDA of €115 million. Coillte’s vision is to be the best forestry and land solutions company in Europe. To find out more visit www.coillte.ie

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