Sustainability Governance
We ensure the continuity of our business and position our future leaders for success through strong corporate governance.
About | Sustainability
How We Manage Sustainability
Board of Directors
- • Consists of eight members—four family shareholders and four widely respected professionals—who sit on our Audit, Nominating and Governance, and Compensation committees.
- • Responsible for providing guidance and oversight to our Resource Management Team.
Resource Management Team
- • Consists of 10 members, including our President, COO, CFO and seven Vice Presidents.
- • Responsible for leading our day-to-day business activities.
Sustainability Council
- • Consists of the Senior Managing Director of Public Affairs and Sustainability, a member from corporate and five divisional members, each representing a different geography.
- • Responsible for identifying, understanding, monitoring and periodically updating the sustainability issues considered most material to our business and using these insights to advise the Resource Management Team.
Climate Change Opportunities and Risks
Foresters have long worked with uncertainties posed by both nature and changing markets, striving to identify new opportunities while mitigating related risks. Our approach includes:
Using a risk management system since 2024 to manage business risks related to environmental, economic, social, public policy issues and more.
Assessing risks on an annual basis using a range of inputs, including macroeconomic, industry and sustainability trends; operations and safety; financial performance; and regulatory and compliance actions.
Leveraging a cross-functional team, which meets on a quarterly basis, to review the risk matrix, identify and develop mitigation strategies and determine new risks.
Working with an external consultant since 2019 to conduct a climate change risk and opportunity analysis, which we update to include new additions to the portfolio.
ESG Priorities
We regularly conduct environmental, social and governance (ESG) material assessments to identify issues that are important to our business and our stakeholders. We engage stakeholders through in-depth interviews and a quantitative survey process, which helped us develop the below ESG matrix, which we last updated in 2022:
