Eken Financing AB provides SBTi companies with the opportunity to invest in multi-year high-quality carbon removal projects with immediate climate impact and pays forest owners to transition profitably to forestry practices with higher commercial, social, and biological value.
Eken has signed an lease agreement with Prästlönetillgångarna, Luleå stift to lease part of the forest Sorsele 1:1 for 30 years. By extending the rotation age by 30 years, Luleå stift will increase carbon sequestration and the proportion of sawn timber on the leased site.
– Luleå stift demonstrates forward thinking and recognizes the potential for financing improved forestry through climate investments, says Mårten Mattsson, Forest Lead at Eken.