Transparency builds trust

For us, trust comes first! That is why we would like to transparently disclose all information and figures related to The Generation Forest.

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Where are our project areas in Panama?

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  • the-generation-forest-Nationalpark-Wasser-Land-header-Aufforstungsprojekt-Agua-Fria

    290 hectares | 6 Fincas

    Agua Fria

    In 2017, we began our first afforestation project in Panama and gave it the name La Reina. We bought this area of land to demonstrate how you can transform a monoculture into a Generation Forest.

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  • the-generation-forest-Nationalpark-Wasser-Land-header-Aufforstungsprojekt-Colon

    148 hectares | 3 Fincas

    Colón

    Our fincas are located in the water catchment area of the Panama Canal, meaning that our forests not only absorb CO2 but also positively contribute to the water management of a waterway so crucial to the global economy.

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  • the-generation-forest-Nationalpark-Wasser-Land-header-Aufforstungsprojekt-Nicanor

    119,5 hectares | 2 Fincas

    Nicanor

    Some time ago the forests here were cleared for grazing land. The previous owner used one of the spaces as a paddock.

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  • the-generation-forest-Nationalpark-Wasser-Land-header-Aufforstungsprojekt-Lastenia

    319 hectares | 3 Finca

    Lastenia

    20 years ago, the area in which the fincas are located was covered with exotic wood forests.

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  • the-generation-forest-Nationalpark-Wasser-Land-m6 Tello-Aufforstungsprojekt-Claritas

    569 hectares | 14 Fincas

    Claritas

    The area adjoins the indigenous territory of Guna de Wargandí. It reinforces the local protection zones and extends the existing habitats.

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How much land does our cooperative own in Panama?

28
Plots of land are owned by our cooperative
1445
Hectares of land are owned by our cooperative
791
Hectare of afforested area

How does the difference between reforested area and area under ownership come about?

Our long-term goal is to reforest contiguous areas in order to provide the maximum possible protection and the largest possible interconnected habitat for flora and fauna. To this end, it makes sense to take advantage of the opportunity to buy adjoining areas when they are offered for sale simultaneously. As a result of Covid-19, land prices in Panama have fallen sharply at present. So it may be that we first buy more land and then gradually reforest it.

What percentage of the land has been afforested so far?

Afforested 791 ha

This corresponds to 55 %

Protected forests 161 ha

This corresponds to 11 %

Routes and infrastructure 59 ha

This corresponds to 4 %

Still to be afforested 434 ha

This corresponds to 30 %

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How do our concrete plans look for this year (2023)?

We want to pick up the pace again this year in order to reach our milestone of 1,000 hectares of land reforested with new generation forests as soon as possible. So far, 244 hectares have been reforested and, in collaboration with our community, we also want to plant the majority of our most recently acquired land this year. Starting in the reforestation season in July, when the young saplings can grow in ideal conditions.

Certified and measurable impact for our climate

We are particularly excited about the positive outcome of our certification process with VERRA, a leading global organisation that develops and manages standards to achieve ambitious sustainable development and climate change goals. We don't want to just talk about what we can achieve. On the contrary, we want our projects to have a demonstrable impact. For this reason, we have had ourselves certified according to two standards: In addition to the Verified Carbon Standard (VCS), we were assessed under the Climate, Community and Biodiversity Standards (CCBS) in terms of our impact on climate, biodiversity and work with local communities. Initial results show: Each cooperative share stores on average at least one tonne of CO₂ per year.

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the-generation-forest-Verra-Logo-Climate-Community

An extremely important element of our concept is the successful certification by the Forest Stewardship Council. This is considered one of the highest sustainability standards in forestry and enables us to market our timber in a certified manner in the future.

We want to create awareness that sustainable forestry preserves forests, thus making an essential contribution to a healthy environment and at the same time creating fair employment.

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How much money goes into managing our forests?

Our economic planning is projected for 100 years, so the financial expenses for managing our forests may differ depending on the state of reforestation. Particularly at the beginning of forestation, for instance, more costs are incurred than in the following years. What is more, the larger the total area under management, the cheaper it is to manage a single hectar forest. 

This means that the capital invested for our members is distributed over many years in different proportions. That said, however, the planning results in a percentage distribution for each cost centre, which we can apply in equivalent form to a share price. This makes it clear how much money flows into which area.

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Potential risks and how we prevent them

This section tells you how we deal with potential risks and how we prevent them.

More Information
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How does our cooperative operate and function?

We at The Generation Forest eG are the owners of a wholly-owned subsidiary, Waldmenschen S.A., in Panama. This makes it easier for us to conduct business transactions, like land purchases, payments, certifications, etc. Waldmenschen S.A. owns the land directly. The outlay for purchasing land and managing the forestry projects are paid for through their account. Furthermore, it offers the advantage that we can employ our own people in Panama and purchase vehicles and equipment.

Our forest partners

Our partner Futuro Forestal is responsible for the operational work on the ground. The company was founded in 1994 by the Panamanian forest engineer Iliana Armién and the Hamburg geographer Andreas Eke. Both developed and tested the concept of the generational forest in cooperation with important actors such as the Smithsonian Tropical Research Institute, the United Nations Environment Programme and indigenous communities, on which our cooperative forests also thrive.

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How many jobs do the projects in our cooperative create?

Workers are hired to perform forestry work and work in the tree nursery through our forestry partner. Two types of employment contract exist here: permanent and temporary contracts (3 or 10 month). Most of the temporary workers are hired for the planting season and afterwards some of them are kept on to perform maintenance and other activities. From May 2022, we hired 53 new employees for the cooperative's reforestation activities. A total of 87 staff are employed via the cooperative, including administrative and forestry staff.

More information about our social impact
  1. Name, registered office, address and year established
  2. Complete articles of cooperation and details of the organisation's objectives
    Articles
  3. Name and function of decision-makers
  4. Activity Report
  5. Personnel Structure
  6. Information about the source of funds
  7. Information about the use of funds
  8. Corporate affiliations with third organisations
  9. Names of individuals whose annual payments exceed 10% of the total annual budget

Name:
The Generation Forest eG


Registered office:
Register of cooperatives: GnR 1083
Register court: Hamburg


Address:
The Generation Forest eG
Große Elbstraße 145a
22767 Hamburg
Germany


Contact person:
Charline Joost
Große Elbstraße 145a
22767 Hamburg
Germany
cjoost(at)thegenerationforest.com


Year established:
Established in 2016 as Waldmenschen eG

Satzung:
Our cooperative's articles of cooperation can be viewed here


Objectives:
To establish at least 1,000 hectares of land for reforestation by the end of 2022

Ordinary members:
This list contains the ordinary members of the cooperative.


Management:
Board of Directors – Dr. Mathias Hein, Iliana Armién, Andreas Eke Chairperson – Andreas Eke
Supervisory Board – Hans-Joachim Bellmann, Verena Sandra Le Gall, Axel Kleinefenn, André Marius Le Prince
Chairperson – André Marius Le Prince
Cooperative Managers – Oliver Jacobs, Charline Joost


Tax auditor:
Prüfungsverband der Deutschen Verkehrs-, Dienstleistungs- und Konsumgenossenschaften e.V.
Gotenstraße 17
20097 Hamburg
Germany

This presentation provides you with information about the activities undertaken by the cooperative:

Reforestation Work
Board report on the occasion of the Annual General Meeting in August 2021

Permanent employees: 9
Board members: 3
Honorary members of the Supervisory Board: 4

Detailed information on this can be found in our 2020 annual financial statements

Detailed information on this can be found in our 2020 annual financial statements

The Generation Forest eG holds 100% of the shares in its subsidiary, Waldmenschen SA, in Panama.

Waldmenschen SA conducts all forestry activities on behalf of The Generation Forest eG.

There is no single member whose shares account for more than 10% of the total annual income. Therefore no names can be listed here.

1. Name, registered office, address and year established

Name:
The Generation Forest eG


Registered office:
Register of cooperatives: GnR 1083
Register court: Hamburg


Address:
The Generation Forest eG
Große Elbstraße 145a
22767 Hamburg
Germany


Contact person:
Charline Joost
Große Elbstraße 145a
22767 Hamburg
Germany
cjoost(at)thegenerationforest.com


Year established:
Established in 2016 as Waldmenschen eG

2. Complete articles of cooperation and details of the organisation's objectives Articles

Satzung:
Our cooperative's articles of cooperation can be viewed here


Objectives:
To establish at least 1,000 hectares of land for reforestation by the end of 2022

3. Name and function of decision-makers

Ordinary members:
This list contains the ordinary members of the cooperative.


Management:
Board of Directors – Dr. Mathias Hein, Iliana Armién, Andreas Eke Chairperson – Andreas Eke
Supervisory Board – Hans-Joachim Bellmann, Verena Sandra Le Gall, Axel Kleinefenn, André Marius Le Prince
Chairperson – André Marius Le Prince
Cooperative Managers – Oliver Jacobs, Charline Joost


Tax auditor:
Prüfungsverband der Deutschen Verkehrs-, Dienstleistungs- und Konsumgenossenschaften e.V.
Gotenstraße 17
20097 Hamburg
Germany

4. Activity Report

This presentation provides you with information about the activities undertaken by the cooperative:

Reforestation Work
Board report on the occasion of the Annual General Meeting in August 2021

5. Personnel Structure

Permanent employees: 9
Board members: 3
Honorary members of the Supervisory Board: 4

6. Information about the source of funds

Detailed information on this can be found in our 2020 annual financial statements

7. Information about the use of funds

Detailed information on this can be found in our 2020 annual financial statements

8. Corporate affiliations with third organisations

The Generation Forest eG holds 100% of the shares in its subsidiary, Waldmenschen SA, in Panama.

Waldmenschen SA conducts all forestry activities on behalf of The Generation Forest eG.

9. Names of individuals whose annual payments exceed 10% of the total annual budget

There is no single member whose shares account for more than 10% of the total annual income. Therefore no names can be listed here.

Do you have any questions?

If you would like to know any information that is missing, please send us an email at: info(at)thegenerationforest.com. Information last updated on 30/06/2022.

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