Through CIRI’s private equity relationships, CIRI invested in Enviva Partners, LP (NYSE: EVA) and the partnership’s sponsor, Enviva Holdings, LP. Based in the Southeastern United States, Enviva is the world’s largest producer of wood pellets that are manufactured from sustainably sourced wood fiber, a renewable alternative to coal.
The world’s leading authority on climate science, the Intergovernmental Panel on Climate Change (IPCC) explicitly recognizes bioenergy as a renewable energy source that is critical to our low-carbon future. The IPCC also concludes that sustainable forest management is critical to prevent forest conversion to non-forest uses. Enviva maintains independent forestry certifications to ensure industry-leading sustainability requirements are met. Enviva is certified to the Sustainable Forestry Initiative® (SFI®) Fiber Sourcing Standard as well as three separate “chain of custody” standards: the Forest Stewardship Council® (FSC®) Chain of Custody Standard requirements, the Programme for the Endorsement of Forest Certification (PEFC) Chain of Custody Standard requirements and the SFI Chain of Custody Standard requirements.