Link investor

Link Logistics Pledges $4.75 Million to American Forest Foundation and The Nature Conservancy to Support Family Forest Owners | Company

NEW YORK–(BUSINESS WIRE)–August 25, 2022–

Link Logistics Real Estate (“Link” or the “Company”), owner and operator of the largest portfolio of logistics real estate in the United States, today announced its commitment to the Family Forest Carbon Program, an initiative developed by the ‘American Forest Foundation (“AFF”), a national conservation organization, and The Nature Conservancy (“TNC”), the world’s leading nonprofit environmental organization, to conserve forests, support family landowners and combat climate change.

Link’s commitment of nearly $5 million will help enable the creation of carbon removal offsets, which support forest conservation projects that remove carbon from the environment, through the Family Forest Carbon Program . Link is the first real estate company to participate in this program, which is a new forward-thinking approach to climate impact and emissions management. It aims to cut two gigatonnes of carbon emissions by the end of the century by encouraging the sustainable management of family forests, including preventing deforestation and development of forest land.

Building on Link’s commitment, AFF and TNC intend to provide resources to family landowners that will enable them to implement improved forest management practices that will help remove carbon from the atmosphere. Link’s commitment is expected to support the conservation of more than 200,000 acres of forest – an area larger than New York’s five boroughs – while creating a new source of income for families participating in the program, allowing them to contribute to fighting climate change while generating income. of their land.

“We are thrilled to support the American Forest Foundation and The Nature Conservancy in this important initiative to fight climate change and create meaningful economic opportunities for family forest owners,” said Luke J. Petherbridge, CEO of Link. “Families and individuals own most of America’s forests, more than the federal government or corporations, but the average size of a family forest is 67 acres, too small to participate in traditional carbon projects. Link’s commitment is expected to offset approximately 250,000 tonnes of greenhouse gases over a five-year period and help AFF and TNC prove new structures to advance decarbonization opportunities in US markets.

“This announcement represents a critical step towards achieving our goal of achieving carbon neutrality by 2025,” said Sam Stockdale, Link’s Senior Vice President, Sustainability. “Contributing to the Family Forest Carbon Program allows us to seek out the most environmentally additive carbon offsets available on the market today to help actively eliminate carbon emissions in the regions where we operate.”

The program offsets will reinforce Link’s commitment in its journey to carbon neutral operations by 2025 and establish an innovative path to advance customer partnerships in achieving mutual climate goals. As companies strive to reduce their carbon emissions throughout the supply chain, Link continues to invest in energy efficiency initiatives, on-site renewable energy systems and energy supply renewable energy, developing new market strategies for emissions mitigation that can be leveraged by Link’s customers.

Eric Duchon, Global Head of ESG for Blackstone Real Estate, added, “We are proud to work hand-in-hand with Link as they fund these high-quality carbon removal offsets by supporting family landowners. This initiative is in line with Blackstone’s broader focus on decarbonization which future-proofs our investments and strengthens our value proposition. We look forward to continuing our work with our portfolio companies, across all sectors and geographies, to pave the way for important ESG initiatives. »

To learn more about Link’s ESG program and commitments, visit Link’s ESG webpage to view and download the company’s 2021 Environmental, Social and Governance (ESG) Report.

About Link Logistics

Link Logistics is a leading national owner of last mile logistics real estate designed to meet the needs of the modern supply chain. The company, created in 2019 by Blackstone, operates the largest portfolio of logistics real estate assets located exclusively in the United States. As of June 30, 2022, Link serves more than 7,000 customers and owns, has interests in, or has logistics facilities under development across key U.S. distribution markets that will total 554 million square feet (480 million of square feet on a pro rata basis) when completed. Link has the scale, geographic footprint and logistics expertise, along with an increased focus on sustainability, to power the supply chain of tomorrow. For more information about the company, please visit www.linklogistics.com.

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KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

KEYWORD INDUSTRY: PROFESSIONAL SERVICES PHILANTHROPY ENVIRONMENTAL ISSUES ENVIRONMENTAL HEALTH FOREST PRODUCTS NATURAL RESOURCES BUILDING COMMERCIAL AND REAL ESTATE CONSTRUCTION AND REAL ESTATE FOUNDATION ENVIRONMENT TRANSPORTATION LOGISTICS/SUPPLY CHAIN ​​MANAGEMENT ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG)

SOURCE: Real Estate Logistics Link

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PUBLISHED: 8/25/2022 4:20 PM / DISK: 8/25/2022 4:22 PM

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