Managing Risk and Uncertainty

Our aim is to apply innovative and integrated approaches to increase the capability of forest owners/forestry sector to manage future risks and uncertainties, contributing to the resilience of forest plantations in New Zealand. We will do this by:

• applying portfolio approaches to manage risk
• developing frameworks for future-proofing forests through adaptive management
• producing tools and frameworks to anticipate climate threats and social risk.

In 2024-2026, work under the Managing Risk and Uncertainty research area will focus on the following:

• expanding the application of the quantitative portfolio framework by establishing a pilot case study and assessing the impacts of product/market diversification under future climate change scenarios
• developing tools and frameworks that incorporate adaptive management responses to evolving climatic and socio-economic risks and uncertainty
• evaluating and benchmarking socially responsible investment schemes (e.g., corporate social responsibility, credence attributes of timber products) as part of the overall portfolio approach to forest management.