Royal Bank of Canada secures IFM carbon credits from Chestnut Carbon

The Royal Bank of Canada (RBC) has agreed to purchase Improved Forest Management (IFM) carbon removal credits from US-based project developer Chestnut Carbon. This deal directs corporate carbon market capital to private forest owners across 37 states, covering over 200,000 acres. The agreement aims to incentivise long-term forest conservation by offering landowners an economic alternative to land conversion or aggressive timber harvests. It supports sustainable forestry practices such as extended harvest rotations and strategic thinning. For RBC, the acquisition contributes verified nature-based carbon removals to its operational sustainability strategy.

This summary was written by carbon.fyi from the reporting linked above. It is not a quotation; cite the original source.