HWL Ebsworth advises New Forests on a major forestry carbon credit investment

16 December 2021

HWL Ebsworth has advised New Forests, the largest timberland investment manager in Australia, on a major forestry carbon credit investment jointly developed with Mitsui & Co. Ltd (Mitsui).

This large ESG initiative will be valued at approximately $50 million in the initial phase and has a projected carbon offset contribution of around 4 million tCO2e with the option for this to be increased following market demand.

The HWL Ebsworth team was led by Peter Dreher (Partner) and Dayne Johnson (Partner), alongside Thomas Kim (Partner), Jamie Restas (Partner), Graeme Dennis (Consultant), Adam Goldner (Special Counsel), Marianna Parry (Special Counsel) and Cam Steele (Special Counsel). Mitsui were advised by PwC.

HWL Ebsworth partner Dayne Johnson commented:

This New Forests and Mitsui initiative is where investment has arrived – sustainability and carbon neutrality are core. As business transitions to a low carbon future, it is exciting to be advisors of clients with the vision and ESG commitment of New Forests.”

Note to Editors:

HWL Ebsworth is the largest legal partnership in Australia according to the most recent partnership surveys published by the Australian Financial Review.

The firm comprises 1,567 staff including 268 Partners, 934 other legal staff and 365 support staff across offices in nine locations – Adelaide, Brisbane, Canberra, Darwin, Melbourne, Hobart, Norwest (North West Sydney), Perth and Sydney.
HWL Ebsworth is an independent, nationally integrated, full service commercial law firm, providing tailored and commercially oriented legal services.

HWL Ebsworth operates a different business model to the other leading national law practices, and this allows us to offer unrivalled value for money without compromising quality and service. Our low ratio of solicitors to partners ensures that our clients receive optimal access to partner resources for all matters.

For further information, please contact:

Russell Mailler, Chief Strategy Officer (03) 8644 3569 rmailler@hwle.com.au or

Angelique Kear, National Marketing Manager (02) 9334 8541 akear@hwle.com.au

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