Company partnering with Carbon Direct to deliver scientifically robust, high-quality forest carbon credits

SEATTLE, Sept. 20, 2023 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced it has received approval from the American Carbon Registry for its Improved Forest Management (IFM) carbon credit project in Maine. Covering approximately 50,000 acres and verified through a third-party auditor, the Kibby Skinner IFM Project is the first issuance of credits for Weyerhaeuser through the voluntary carbon market. The project has an estimated initial credit issuance of nearly 32,000 mtCO₂e, with one credit equal to one metric ton of carbon dioxide equivalent. Over the lifetime of the project, it is expected to generate 475,000 credits.