Back on Track: Navigating the Return to Work after Parental Leave
Ethical times-autumn-newsletter-2011-v4
1. Ethical Times
tm
Autumn newsletter 2011
this issue...
Our Nurseries
See how our trees start life and
how they are planted
Taking GPS Points
How we register investors’
trees and build our Tree
Management Database
Harvesting trees
See how the trees are harvested and
transported for processing
Our New Timber Mill
The bespoke processing plant for
preparing sustainable logs for sale
New Costa Rican
head office springs into life.
Welcome to the Autumn 2011 newsletter. We are pleased to announce the recent
acquisition of the new Costa Rican head office based in the San Carlos region.
Meet an investor...
Barry Worby explains why
he invested
China
The latest figures on China’s high
demand for timber
Supporting The
Community Programme
Caretakers take residence
This hub houses our offices & milling production
line, which has been specifically designed to process
sustainable logs from our plantations. San Carlos will
also be the location for the region’s new nurseries,
housing up to 100,000 new trees at any one time.
Robert Brown, our respected expert on greenhouse
development and management, and head of Ethical
Forestry Costa Rica, is overseeing this project.
The constant reinvestment and development of
San Carlos extends further than the commercial
requirements of our business. We are also investing into
the wellbeing of our employees (currently 42). We are
focused on building a positive work environment that
ultimately leads to esteemed jobs and an organisation
that resonates positively.
As part of our Support The Community Programme,
new caretakers’ houses are being built on the San Carlos
site. Geri Brown is overseeing staff training seminars
covering a multitude of topics from health & safety to
personal money management. As a consequence of
our caring employment philosophy, word has spread
quickly throughout the region creating a flurry of people
enquiring when jobs become available, confirming our
ethos is working.
Investors often ask us many questions regarding the
planting, GPS points, harvesting and processing. Inside
we share with you a typical Ethical Forestry day starting
at the nurseries, harvesting trees and ending with the
final sawn lumber.
We are also asked by investors if they can see investor
case studies. As you will no doubt appreciate, this has
proved a difficult task due to investor confidentiality.
Fortunately, Barry Worby, a recent investor, shares his
story about why and how much he invested.
We hope you enjoy the newsletter and always welcome
valued feedback. Thank you, the Ethical Forestry Team.
For more information on our ethical investments or to speak with an advisor, please call us free on 0800 075 30 10 or visit www.ethicalforestry.com
2. From Start to Finish
We pride ourselves on our care & management of investors’ trees,
our customer service and the fact that we manage the whole
process from seed to saleable lumber.
The Nursery...
Rapid growth...
The average height of a 2 week
old sapling is 6 inches, whereas
a 6 week old tree is
approximately 2ft high.
Each individual greenhouse houses around 50,000
seedlings at any one time.
The careful selection of genetically pure seeds
ensures all of our trees get the best start in life.
Preparing the land...
Planting.
Prior to planting...
Angie Fernandez, our head forestry engineer, studies a plantation
map with the plantation caretaker and forestry engineer.
Before any young sapling can be planted,
the ground is cleared of potentially
competing foliage to ensure the saplings
are unhindered during the first stages
of growth.
Planted with care...
Each sapling is carefully planted by our
government approved forestry engineers.
3. Taking GPS coordinates...
Investing at every stage..
We believe that by constantly
investing and reinvesting in
the best available equipment
ensures we give investors the
best service possible.
Identifying each tree...
Every tree that we plant is given unique
GPS coordinates and registered on our
tree management database.
Harvesting trees.
Checking before harvesting...
Before any tree can be felled on our plantations,
we check the GPS coordinates to ensure we are
harvesting the correct tree.
Assessment
Before any tree is harvested, the GPS
coordinates are referenced to our tree
management database.
Prior to felling, the clearance is
checked by our forestry engineers.
Trunks are cut into the ideal length
to optimise the returns for the trees
being felled.
The logs are stacked ready for
transportation to our timber mill.
4. Transporting & catagorising...
MINAET certification Log classification
Every delivery we receive is cross During the process of classification,
checked against the MINAET certificat each log is individually measured and
issued by our government approved catagorised in piles of similar size.
forestry engineer.
Awaiting processing
Catagorised logs sit on the patio
awaiting loading into the hopper -
the first stage in turning them into
sawn lumber.
The first stage...
Logs are loaded into the
hopper and automatically
dropped into the feeder.
Each log is rotated by eye
to ensure the most timber
is extracted from each log.
5. Centre block
The most valuable part of the log
is the centre block. The size of this
depends on the thickness of the
logs. The larger the log, the larger
the extracted core section.
The final
product...
1: A pre-sawn log
2: The centre block
3: Off cuts used for the wood
packaging industry
Off cuts
The off cuts removed when extracting
the centre core are planed and sold to
the wood packaging industry.
6. An Investor’s StoryWrittenby Barry Worby
Barry Worby explains why he invested with Ethical Forestry
“I was looking to invest some money. I looked at the
buy-to-let market but with property being so high in price
still, plus interest rates being so low, it was not a good
investment at the time.”
“I also looked at stocks and shares plus possibly ISA’s (recommended to me
by an IFA) but the country/world is/was in such an unsettled state they were
not an option. I sat at my computer and thought laterally, I came across
Ethical Forestry. I also found other companies selling a similar idea but
Ethical Forestry seemed better to me.
As I am 53 years old, I am not ready to retire but looking at my pensions I
would have had a very basic, in fact almost breadline existence. I decided
to invest into the Accumulator for this purpose but not through a
pension scheme for several reasons. I have also invested an additional
amount that will bring me an increasing income from year 4, which will
reduce the amount of daily work I need to do, so I can get on with the
things I like doing.
My last investment was a gift to my two daughters. I invested into the
Accumulator, which will hopefully help them in their life and I can enjoy (I
hope) watching them spend, invest or save the money while I am still alive.
So many people leave money to their children when they die so they are
not here to watch them use the money.”
China’s Timber Demand
Continues to grow
During the first half of 2011 China imported 20.75 million cubic
metres of logs worth US$3,918.7 million, up 25 percent in
volume and 35 percent in value over the same period last year.
Of the total, imports of softwood logs were 15.09 million cubic metres,
(US$2,319.9 million), up 33 percent in volume and 84 percent in value. Imports
of hardwood logs were 5.66 million cubic metres, valued at US$1,598.8 million,
up 8 percent in volume and 11 percent in value.
As China’s population continues to expand in line with the global population
growth (projected as much as 55.88% by 2050 - UN) over the coming decades,
the demand for timber shows no sign
of abating.
Caretakers take
residence
We are pleased to announce
that the caretakers’ residence
are now completed on our
Cocobolo plantation.
The house is located on the top of a
small hill overlooking the plantation, a
river and wild rainforest adjacent to our
plantation. Our Supporting The Community
Programme is currently preparing the build of
our new caretaker & nursery manager residences on the
San Carlos site. We will give you an update in the next newsletter.
For more information on our ethical investments or to speak with an advisor, please call us free on 0800 075 30 10 or visit www.ethicalforestry.com
7. SIPPs
Can you afford to ignore the facts?
77% of Britons are retiring with their pensions providing
an income of less than £2,000 per year!
SIPPs have been around for some time but have gained in popularity
in recent years. This has gathered momentum since A Day (the biggest
shake up in pension rules for more than a decade), with the result that
SIPPs have entered the mainstream.
SIPPs (Self Invested Personal Pensions) are revolutionising the way investors
are saving for retirement. More than half a million people have switched, with
record numbers transferring every day.
As the market has grown, it has also changed, with the result that there are
different types of SIPP available
The SIPP is popular because:-
It is a simple structure
There are generous tax benefits
You control your own destiny
There is freedom of investment (but watch the rules)
It is now easier to make substantial contributions
Most people are eligible for one (even babies)
It’s an ideal way to build wealth over the long term
in a tax free environment
As the market has grown so it has also changed - as markets always do, with
the average fund value dropping. Once, the SIPP was the preserve of the high
net-worth individual and whilst that segment of the market continues to grow,
the growth in smaller funds is significantly greater. Since the main objective
of “simplification” was to get more people to take responsibility for their
retirement, this development is unsurprising.
Did you know you
can use your SIPP to
buy Ethical Forestry
hardwoods and still
take advantage of
the tax benefits?
You can transfer as many pensions as you wish. All of the following are
okay to transfer:
• Personal & stakeholder pensions
• Other SIPPs
• Protected rights pensions
• Retirement Annuity Contracts (RACs)
• Additional Voluntary Contribution Plans (AVCs)
• Free Standing Additional Voluntary Contribution plans (FSAVCs)
• Executive Pension Plans (EPPs)
Between your 55th and 75th birthdays, you can normally take up to 25% of
your SIPP as a tax free cash lump sum, and use the remainder to provide a
taxable income before your 78th birthday.
Picture the day you finish working. You will finally have the freedom to do what
you want, when you want. But will your private pension(s) provide you with
enough? The shocking statistic is that 77% of Britons are retiring with their
pensions providing an income of less than £2,000 per year! Making the most
of your existing pensions has therefore never been so important.
There are a number of different types of SIPP; care should be taken in selecting
an appropriate structure and you should seek the advice of your Independent
Financial Adviser. However, if you don’t have a financial adviser, Ethical Forestry
are happy to recommend one to you.
F
8. Acacia before first thinning harvest
For more information on our ethical investments or to speak with an advisor, please call us free on 0800 075 30 10 or visit www.ethicalforestry.com