THE Fiji Pine Trust Ltd has released its five-year Strategic Plan, with intention to communicate everything they do at the Trust.
The aim, it said in a statement, is to maximise all benefits in their strategies for all pine landowning units around Fiji.
“It’s a critical issue because landowners, whose land leased to Fiji Pine amounts to over 85,000 hectares, expect a lot from the Trust, as far as the economic benefits of what they have given,” it stated.
Playing an important role as the bridge between pine landowners and Fiji Pine Limited since its establishment in 1999, the Fiji Pine Trust is entrusted and is empowered by law to safeguard landowner rights.
Among the main topics in its new plan include “fostering equitable benefit-sharing, enterprise and capacity building”.
“Over the past two decades, [the Trust] has grown from a shareholder representative into a key development partner,” it stated.
“The Trust Board and management work together to support the sustainable growth of Fiji’s pine industry.
It oversees “emerging opportunities in value addition, carbon and climate finance, downstream processing and eco-tourism”.
Fiji Pine Trust continues to play a vital role in unlocking the full potential of this national resource.
The Trust sits at the top level of the pine industry in helping landowners to maximise the economic benefits of around 85,615 hectares of leased land and 38 Extension Pine Schemes.
The Fiji Pine Trust was created to receive dividend from Fiji Pine Group and distribute them to landowners.
The Fiji Pine Group comprises of the operations of Fiji Pine Ltd, Tropik Wood Industries Ltd and Tropik Wood Products Ltd
In November last year, Fiji Pine Ltd transferred a dividend payment of $5million to the Fiji Pine Trust for the first time in its history, a move that it said represented a new approach to managing benefits, promoted greater transparency, fairness and a community-centered distribution across all landowning groups.
