Viessmann Invests in Canadian Forests
January 18, 2022 | By Logan Caswell
The investment is part of the company's sustainability strategy, which manages forest areas in the interest of climate protection.
Viessmann, the parent company of Viessmann Canada, has purchased 2200 hectares of forest in Nova Scotia.
The investment is part of the global company’s sustainability strategy, which pursues the goal of preserving or managing forest areas in the interest of climate protection.
The forest properties acquired are 30 mixed forest properties with a high proportion of young stands and great development and CO2 storage potential. The mixed forests are composed of coniferous and deciduous wood in a 2:1 ratio.
The forest is managed sustainably, which means that the wood extracted is primarily used for long-lasting products, for example for building houses. This means that the CO2 saved is actually removed long-term from the atmosphere.
With its mild Atlantic climate, Nova Scotia offers a good starting position for agriculture and forestry. In addition, the area is known for its sawmills and pulp mills. This creates enormous value added with a focus on sustainability.