U.S. South Historical Valuation Snapshot slide image

U.S. South Historical Valuation Snapshot

Rayonier ESG Highlights ENVIRONMENTAL GOVERNANCE EJO SOCIAL 14.7MM METRIC TONS OF CARBON SEQUESTERED Equal to removing 3.2MM cars from the road CO 347,809 METRIC TONS OF CARBON EMITTED Scope 1, 2, and 3 emissions of >90% ACCIDENT-FREE Worksites in the U.S. 34.8MM SEEDLINGS PLANTED IN 2021 Replanting harvested timber PROTECTING WILDLIFE 35-year Safe Harbor Agreement signed in Washington to protect the Marbled Murrelet THIRD-PARTY STANDARD CERTIFICATION 99% New Zealand timberlands & 96% U.S. timberlands are certified to third-party standards 16% REDUCTION YOY Total Recordable Incident Rate Y 35% REDUCTION YOY Lost Time Incident Rate 200* 60% Rayonier DIVERSE Board Diversity * COMMUNITY GIVING OVER 600 CONTRACTORS Participated in Contractor Safety Program and Educational Training $374K USD and $152K NZD donated to support local communities 88888888 >75% DIRECTOR NOMINEES 9 of 10 are independent" MEETING ATTENDANCE Director Attendance PROTECTING WATER Private Forest Accord signed in Oregon to enhance protection of water streams SUSTAINABLE HARVESTING 95,000 acres harvested= 3.5% of total acreage $ 19% INCREASE YOY Female leadership positions SUPREME AWARD: Improving Employment Conditions & Promoting Diversity Rayonier Matariki recognized by Ministry for Primary Industries and the Agricultural and Marketing Research and Development Trust ANNUAL BONUS PROGRAM Incorporates ESG initiatives COMMITTEE CHAIRS 2 of 3 are chaired by women Note: All metrics reflect the year ended December 31, 2021 (per most recent sustainability report) unless otherwise noted. * Reflects the addition of a 10th director in November 2022. ESG OVERSIGHT Responsibility of Nominating and Corporate Governance Committee 11 Investor Presentation | May 2023
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