As a sustainable natural resource owner and manager, we are a significant net sequester of carbon which means we have an essential role in being part of the climate change solution. However, we also recognise climate change’s effect on our extensive plantation forest estate across Victoria and our opportunity to mitigate the effects and adapt to improve climate outcomes. 

Climate Commitment Statement

We have developed a Climate Commitment Statement and have committed to:

• Net Zero Emissions by 2030, and
• Reducing our scope 1, 2 and 3 emissions while working towards establishing emissions reduction targets as we complete further analysis. 

To underpin our commitments, we have adopted four key objectives. The objectives mean that we will work towards:

• mitigating our direct and indirect emissions,
• actively managing our estate to adapt to a climate future with differing conditions,
• increase awareness of the role played by our plantations in carbon capture and,
• review and facilitate opportunities that enhance our progress, such as developing renewable energy projects on our estate.

Our Climate Commitment Statement also outlines how we will monitor our success as we strive towards meeting our commitments. To read more, download a copy of our statement.

Climate Disclosure Report

HVP’s Climate Disclosure Report outlines how we identify, manage and report on climate- related risks and opportunities. It covers four key areas:

• Governance: HVP’s processes, procedures and controls used to monitor and manage climate-related risks and opportunities
• Strategy: How we mitigate and adapt to material climate change impacts on our operations, assets and long-term
• Risk Management: Processes for mitigation, adaptation, identification, assessment and management of climate-related risks, including physical and transition risks
• Metrics and Targets: Used to measure, assess and manage material climate-related risks and opportunities such as achieving Net Zero and reducing emissions

For the 2025 financial year, HVP has begun aligning its climate-related disclosures with the Australian Sustainability Reporting Standard AASB S2 Climate-related Disclosures, transitioning from previous reporting under the voluntary Task Force on Climate-related Financial Disclosures (TCFD). Although mandatory reporting does not apply until 2027, we are progressively enhancing disclosures to ensure readiness. This approach positions HVP to meet mandatory requirements and deliver transparent, decision-useful information for stakeholders and reinforces our climate strategy. While the 2022 financial year marked HVP’s first Climate Disclosure Report, climate change adaptation and recognition of the mitigation benefits of carbon sequestration have been integral to our business since its inception in 1998. View our most recent report to learn more.