International Paper Company
), in partnership with National Fish and Wildlife Foundation
("NFWF"), declared its contribution of $2.34 million in grants
towards conservation and development of ecologically-important
forestlands and coastal savannas in southern parts of the U.S.
The program will prioritize three areas in the southeast region −
The Carolina Low Country Forests, Cumberland Plateau of Alabama,
Georgia, Kentucky and Tennessee and the Piney Woods of Texas and
The Forestland Stewards Initiative - a partnership of NFWF and
International Paper - has selected 12 projects that will receive
grants under the program. The grants will utilize almost $3.8
million in supplementary funds, together with in-kind support from
agency and project partners. The program will eventually set up
around 5,300 new acres and develop roughly 58,000 existing acres of
longleaf and shortleaf pine and riparian forest territory.
The Forestland Stewards Initiative, created to conserve and restore
southern forestlands, was established in Mar 2013. Through the
program, International Paper has committed $7.5 million over five
years in order to restore forests, support wildlife populations and
protect watersheds in eight states across South-eastern United
States. These conservation efforts are in sync with the company's
lasting commitment to responsible wood-sourcing and improving
commercial and environmental management practices for working
Since 2013, NFWF and International Paper have endowed over $3.3
million in projects through the Forestland Stewards Initiative, and
leveraged over $6.7 million in additional funds from grant
partners. This translates to more than $10 million being invested
for forestland conservation and restoration of wildlife habitat.
This is the second round of grants under the initiative, and will
aid in advancing conservation in some of the most biologically
diverse and culturally iconic landscapes in the U.S. In addition to
fish and wildlife conservation, the program will also strengthen
local economies by developing working forests.
International Paper currently has a Zacks Rank #3 (Hold). Some
better-ranked stocks in the paper and related products industry
that are worth considering include Mercer International Inc. (
), Neenah Paper, Inc. (
) and Orchids Paper Products Company (
), each carrying a Zacks Rank #2 (Buy).
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