This article includes a list of references, related reading or external links, but its sources remain unclear because it lacks inline citations .(April 2022) |
Type | Crown Corporation |
---|---|
Industry | Forestry |
Founded | March 2003 |
Headquarters | Vancouver |
Area served | BC |
Key people | Michael Loseth, CEO; Silas Brownsey, Chair |
Services | Marketing, Research |
Website | bcfii.ca |
Forestry Innovation Investment Ltd. (FII) is a provincial government publicly owned, funded and operated company of the province of British Columbia, Canada.
It was set up by the government to promote BC wood products, educate on provincial forest practices, and provide research around sustainable forest management, life cycle analysis and the benefits of using wood products.
FII operates a wholly owned subsidiary in Shanghai for market development projects in China. FII Shanghai is responsible for building demonstration projects designed to showcase BC wood as a construction medium. FII has also built two demonstration homes in Mongolia.
FII is governed by a Board of Directors that is accountable to the B.C. Minister of Jobs, Tourism and Innovation. The Minister provides direction to the Board through the issuing of a Shareholder's Letter of Expectations. The Board is responsible for appointing the Chief Executive Officer and for overseeing FII's policies, priorities and strategies.
FII operates out of offices in Vancouver, Shanghai and Beijing.
British Columbia is the westernmost province of Canada. Situated between the Pacific Ocean and the continental divide of the Rocky Mountains, the province has a diverse geography, replete with rugged landscapes that include rocky coastlines, sandy beaches, forests, lakes, mountains, inland deserts and grassy plains. It borders the Canadian province of Alberta to the east and the Canadian territory of Yukon to the north. With an estimated population of 5.2 million as of 2021, it is Canada's third-most populous province. The capital of British Columbia is Victoria and its largest city is Vancouver. Vancouver is the third-largest metropolitan area in Canada; the 2021 census recorded 2,642,825 people in Metro Vancouver. The majority of the population resides in the Lower Mainland, Vancouver Island, and Okanagan regions.
An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked companies, insurers, pension funds, sovereign wealth funds, charities, hedge funds, REITs, investment advisors, endowments, and mutual funds. Operating companies which invest excess capital in these types of assets may also be included in the term. Activist institutional investors may also influence corporate governance by exercising voting rights in their investments. In 2019, the world's top 500 asset managers collectively managed $104.4 trillion in Assets under Management (AuM).
Certified wood and paper products come from responsibly managed forests – as defined by a particular standard. With third-party forest certification, an independent organization develops standards of good forest management, and independent auditors issue certificates to forest operations that comply with those standards.
Tumbler Ridge is a district municipality in the foothills of the B.C. Rockies in northeastern British Columbia, Canada, and a member municipality of the Peace River Regional District. With a population of 2,399 (2021) living in a townsite, the municipality encompasses an area of 1,558 km2 (602 sq mi) of mostly Crown land. The townsite is located near the confluence of the Murray River and Flatbed Creek and the intersection of Highway 52 and Highway 29 and includes the site of the Tumbler Ridge Secondary School and Tumbler Ridge Airport. It is part of the Peace River South provincial electoral district and the Prince George—Peace River—Northern Rockies federal riding.
Metsähallitus (Finnish) is a state-owned enterprise in Finland that exceptionally uses a Finnish name in English.
The Great Bear Rainforest is a temperate rain forest on the Pacific coast of British Columbia, Canada comprising 6.4 million hectares. It is part of the larger Pacific temperate rainforest ecoregion, which is the largest coastal temperate rainforest in the world.
Sustainable forest management (SFM) is the management of forests according to the principles of sustainable development. Sustainable forest management has to keep the balance between three main pillars: ecological, economic and socio-cultural. Sustainable forestry can seem contradicting to some individuals as the act of logging trees is not sustainable. However, the goal of sustainable forestry is to allow for a balance to be found between ethical forestry and maintaining biodiversity through the means of maintaining natural patterns of disturbance and regeneration. Successfully achieving sustainable forest management will provide integrated benefits to all, ranging from safeguarding local livelihoods to protecting biodiversity and ecosystems provided by forests, reducing rural poverty and mitigating some of the effects of climate change. Forest conservation is essential to stop climate change.
A woodlot is a parcel of a woodland or forest capable of small-scale production of forest products as well as recreational uses like bird watching, bushwalking, and wildflower appreciation. The term woodlot is chiefly North American; in Britain, a woodlot would be called a wood, woodland, or copse.
Crown corporations in Canada are government organizations with a mixture of commercial and public-policy objectives. They are directly and wholly owned by the Crown.
Community forestry is an evolving branch of forestry whereby the local community plays a significant role in forest management and land use decision making by themselves in the facilitating support of government as well as change agents. It involves the participation and collaboration of various stakeholders including community, government and non-governmental organisations (NGOs). The level of involvement of each of these groups is dependent on the specific community forest project, the management system in use and the region. It gained prominence in the mid-1970s and examples of community forestry can now be seen in many countries including Nepal, Indonesia, Korea, Brazil, India and North America.
Established in 1993, The Investment and Development Agency of Latvia, or LIAA in short, acts under the Ministry of Ministry of Economics of the Republic of Latvia.
Interfor Corporation is one of the largest lumber producers in the world. The company's sawmilling operations have a combined manufacturing capacity of over 3 billion board feet of lumber with sales to North America, Asia-Pacific and Europe. Interfor is based in Vancouver, BC and employs approximately 3400 people. In May 2014, Interfor opened its corporate office for the USA south-east region at Peachtree City, Georgia.
The Nk'Mip Desert Culture Centre is an interpretive centre in Osoyoos, British Columbia, Canada, It is owned and operated by the Osoyoos Indian Band and is approximately 3 km (2 mi) north of the Canada–United States border. It is situated on the edge of one of the most endangered ecosystems in Canada, the northernmost point of the Great American Desert which extends southward to the Sonoran Desert in Mexico.
The Forest Practices Board of British Columbia is an independent watchdog organization that advocates for sustainable forest and range practices in British Columbia, Canada. The agency investigates and publicizes issues concerning both government and the forest industry practices which affect forest health in the Province of British Columbia, Canada.
Environmental certification is a form of environmental regulation and development where a company can voluntarily choose to comply with predefined processes or objectives set forth by the certification service. Most certification services have a logo which can be applied to products certified under their standards. This is seen as a form of corporate social responsibility allowing companies to address their obligation to minimise the harmful impacts to the environment by voluntarily following a set of externally set and measured objectives.
The deforestation in British Columbia has occurred at a heavy rate during periods of the past, but with new sustainable efforts and programs the rate of deforestation is decreasing in the province. In British Columbia, forests cover over 55 million hectares, which is 57.9% of British Columbia's 95 million hectares of land. The forests are mainly composed of coniferous trees, such as pines, spruces and firs.
The Canadian forestry industry is a major contributor to the Canadian economy. With 39 percent of the land acreage of Canada covered by forests, the country contains 9 percent of the world's forested land. The forests are made up primarily of spruce, poplar and pine. The Canadian forestry industry is composed of three main sectors: Solid wood manufacturing, pulp and paper and logging. The Forests and forestry are managed by The Department of Natural Resources Canada, the Canadian Forest Service, in cooperation with several organizations which represent government groups, officials, policy experts and numerous other stakeholders. Extensive deforestation by European settlers during the 18th and 19th centuries has been halted by more modern policies. Today less than 1 percent of Canada's forests are affected by logging each year. Canada is the second largest exporter of wood products, and produces 12.3% of the global market share. Economic concerns related to forestry include greenhouse gas emissions, biotechnology, biological diversity and infestations of pests, such as the mountain pine beetle.
Grupo Insud is a business group fully owned by Argentine shareholders, with a diversified business portfolio and a presence in more than 40 countries. Its main assets are in Argentina, Spain, Italy, China, USA and Switzerland. Its founders and only shareholders are PhD in Biochemistry Silvia Gold and Psychiatrist Hugo Sigman. Grupo Insud operates in the Life Sciences, Agribusiness, Information & Culture, and Nature & Design business segments. Its core business is pharmaceuticals, followed by agroforestry.
British Columbia (B.C.) is the third largest Canadian province by population and fourth largest provincial economy. Like other provinces in the Canadian federation, B.C. consists of both private and public institutions. However, as Canada's westernmost province, located between the Pacific Ocean and the Rocky Mountains, B.C. has unique economic characteristics that distinguish it from much of the rest of Canada.