OneFortyOne launches Annual Review 2021

Today OneFortyOne has released its Annual Review 2021 in celebration of International Day of Forests. The Annual Review summarises and reflects on OneFortyOne’s operational, environmental and community activities throughout the calendar year.

Chief Executive Officer Andy Giles Knopp said that 2021 was a focussed year for the company.

“Our 2021 Annual Review is a comprehensive overview from across the business throughout the past year. It’s the projects we’ve undertaken, the progress we’ve made, and the things we’re still working on.”

Mr Giles Knopp said that the entrepreneurial spirit of OneFortyOne’s origins helped the company respond to local and global challenges and supported the agility that was needed to overcome pandemic, supply chain and market issues.

“The OneFortyOne team has spent the year focussed on the business and working together. In 2021 we concentrated on supporting the wellbeing of our people and partners through the ordinary course of business which can become impacted by the additional stresses caused by COVID-19,” Mr Giles Knopp said.

Mr Giles Knopp said that the company had performed very well in challenging markets by focussing on domestic customer needs and flexibly responding to market pressures.

In addition to strong financial performance, OneFortyOne has achieved other important outcomes. “We invested over 16 million dollars across the business throughout the course of the calendar year, these investments improve our nursery and upgrading at our sawmills,” Mr Giles Knopp said.

“The fire management team in the Green Triangle has done a phenomenal job preventing and managing fires over the summer season. The past few months have been intense, and we are grateful for their commitment.”

“We have also invested in our communities through the launch of the OneFortyOne Community Grants Program, the program facilitates community organisations telling us what they need and how we can support them to make a positive difference”.

“We have done a lot of work to understand our environmental impacts and objectives. This year we have written our sustainability framework in consultation with stakeholders. We look forward to developing this further in 2022”.

Mr Giles Knopp said that the purpose of the Annual Review was to continue to share the stories of the company. “Forests are at the heart of OneFortyOne, everything we do is about growing, producing, and delivering wood products in a responsible way. This review shows how we do that.”

Ends

Fast Facts

• OneFortyOne manages over 160,000 (ha) of land including pine plantation and conservation areas
• >500 direct employees in regional Australia and New Zealand
• > AUD$16 million capital metric spend
• >6 million seedlings planted
• >AUD$300,000 in grants for community projects

About OneFortyOne

OneFortyOne is a forestry and sawmill business. We operate throughout the Green Triangle region of Australia and the Nelson, Tasman and Marlborough regions of New Zealand (Top of the South).

We manage over 160,000 (ha) of land including pine plantation and conservation areas. Throughout our plantations we plant over 6 million seedlings every year, renewably replacing the trees that we harvest.

The timber processed at the OneFortyOne Jubilee and Kaituna sawmills is turned into products that help people build and renovate their homes, construct their fences, and support the landscaping in their gardens and farms.

Our businesses are significant regional employers, we employ more than 500 people directly and over 3,000 indirectly ascontractors.

We are committed to the communities where our people live and strive to make a positive difference through our environmental actions and community involvement, including grants.

Media Contact: Jessica Douglas Director External Affairs jessica.douglas@onefortyone.com