Forestry Fund "Eastwood Climate Smart Forestry Fund I" Operation Starts
～Invested by Ten Japanese Companies Including Unicharm～
Unicharm Corporation (CEO & President, Mr. Takahisa Takahara) announced their participation in the "Eastwood Climate Smart Forestry Fund I", a forestry fund formed by Sumitomo Forestry Group in May of 2023. This time, we are pleased to announce that we have started the operation of this fund.
About the forestry fund “Eastwood Climate Smart Forestry Fund I”
This fund will be operated by Sumitomo Forestry Group by purchasing and managing forests with investments from ten Japanese companies including Unicharm. Profits from timber sales and carbon credits generated from the forests will be allocated to the investing companies, thereby contributing to carbon offsetting for society as a whole.
Background of the Investment
We have defined “To help achieve the SDGs” as our Purpose and aim to solve environmental and social issues and contribute to local communities through our business activities. In order to promote these goals concretely, we announced our medium-to long-term ESG goals, “Kyo-sei Life Vision 2030,” in October 2020, and set “addressing climate change” as one of the key issues.
In addition, the raw materials for our products are procured from managed forests, and we are committed to eliminating illegally logged timber and protecting the rights of local residents and workers.
In light of the above, we have decided to make an investment in this fund, judging the high affinity with our company's initiatives. Through this fund, we will contribute to carbon offsetting and biodiversity conservation throughout society.
Outline of the Fund
Image of Fund Operation
Participating Ten Companies (in alphabetical order)
Fuyo General Lease Co., Ltd.
JAPAN POST HOLDINGS Co., Ltd.
Nippon Yusen Kabushiki Kaisha (NYK)
Osaka Gas Co., Ltd.
Sumitomo Forestry Co., Ltd.
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Trust Bank, Limited
Tokyo Century Corporation
Contribution to the 17 SDGs through operating "Eastwood Climate Smart Forestry Fund I"
Unicharm believes that operating this fund will contribute to the following goals of the 17 Sustainable Development Goals (SDGs) adopted by the United Nations in 2015.
9. Industry, Innovation and Infrastructure 13. Climate Action 15 Life on Land
We will contribute to the achievement of the SDGs by solving environmental and social issues through our business activities, including the provision of products and services.
Sumitomo Forestry Co., Ltd. https://sfc.jp/english/
Unicharm Corporation https://www.unicharm.co.jp/en/home.html
Unicharm Sustainability Site https://www.unicharm.co.jp/en/csr-eco.html
Kyo-sei Life Vision 2030 https://www2.unicharm.co.jp/english/csr/kyoseilifevision/index.html
News Release on May 15 Unicharm Invest in a U.S. Forestry Business Operated by Sumitomo Forestry Group https://www.unicharm.co.jp/en/company/news/2023/0515-004.html
Unicharm Corporation, ESG Division, Public Relations Office