3 INTEGRATED ANNUAL REPORT 2025 About this Report 4 Business Model 6 ESG Highlights 8 Chairman’s Report 10 General Manager’s Report 14 Wood Chipping Operations and Exports 16 Supplies, Logistics and Transportation 19 Tree Farming 22 Member Services 24 ESG Report 27 • Environmental 27 • Social 31 • Governance 38 Finance 65 Contents
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