In 2017, Finnfund invested in Forest First Colombia. This investment was an important milestone as it provided external validation of our sustainable forestry practices and supports our commitment to positively impact the region, its community and its environment.
In 2016, Forest First joined forces with Sappi, one of the leading global providers of sustainable woodfibre products and solutions. They came on board as a strategic investor and, as part of their investment, entered into an offtake agreement for up to 2.5 million tons per year. We also have a technical cooperation agreement with them that will allow us to benefit from Sappi’s expertise in genetic improvement, silviculture and pest control and disease management.