Definition of terms and acronyms
Roundwood
Generic term for harvested logs or trees with round form, often referring to smaller logs.
Sawlog
A log suitable for manufacturing sawn timber.
Secondary Market
This is the market Forest Enterprises operates to facilitate the sale and purchase of established Forest Enterprises forestry investments on behalf of existing clients.
Sequestration
The process of removing carbon dioxide from the atmosphere, thereby reducing the total concentration in the atmosphere. Living trees sequester carbon through photosynthesis. Carbon can be stored in biomass such as trunks, branches, leaves, and roots.
Share
The name of the unit of investment in a company formed under the Companies Act 1993, in a Limited Partnership formed under the Limited Partnerships Act 2008, or in an Ordinary Partnership formed under the Partnership Act 1908.
Silviculture
Establishing, growing and tending forest crops.
Stand
An area of trees with homogeneous yield.
Statement of Investment Policy and Objectives (SIPO)
A statement of investment policy and objectives (SIPO) is a document that sets out the investment governance and management framework, philosophy, strategies and objectives of a Managed Investment Scheme (MIS) and its investment funds or portfolios. Under the Financial Markets Conduct Act 2013, all Managers must ensure there is a SIPO for each MIS they [...]
Stems
The number of trees normally expressed as 'stems per hectare' i.e. the number of trees per hectare.
Stocking
Number of standing live stems per hectare.