FIT 2023 Carbon Project

FIT 2023 Carbon Project is a plantation forestry project located in the South West region of Western Australia, approximately 50 kilometres east of Manjimup and 30 kilometres north-east of Bridgetown. It was registered in January 2023 and covers an area of 1,654.16 hectares.

Plantation forestry projects involve generating carbon credits by establishing new commercial plantation forests or by changing management practices, such as converting existing short-rotation pulpwood plantations to long-rotation forests for sawlogs. This transition sequesters additional carbon by increasing the long-term biomass of the forest and continually storing carbon in the harvested wood products.

The surrounding South West and Southern Forests region is heavily characterised by extensive commercial forestry operations, as well as livestock grazing and broadacre agriculture. The environment experiences a Mediterranean climate typically classified as high rainfall, with regional soils generally comprising lateritic gravels, sandy loams, and clay duplexes.

The project is held by the Forestry Investment Trust (FIT), an extensive plantation estate managed by natural capital investment manager New Forests. The broader FIT portfolio encompasses over 260,000 hectares of certified timber plantations across Australia and frequently participates in landscape-scale biodiversity conservation efforts, such as state of nature metrics pilot programs and long-term species monitoring.