Importance of Forestry to BC’s Economy
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The Chartered Professional Accountants of British
Columbia was formed through the amalgamation
of ICABC, CGA-BC, and CMABC. CPABC was
officially established when the CPA Act came into
effect on June 24, 2015.
About
CPABC Industry Update is the organization’s
online magazine for members working in industry.
Published quarterly, Industry Update is distributed
to over 36,000 members, candidates, and
students in British Columbia. Opinions expressed
are not necessarily endorsed by CPABC.
Copyright CPABC Industry Update 2015.
Contact us
Visit us online at bccpa.ca, or email
[email protected]. Editorial inquiries can be sent to
Tiana Mah at [email protected].
The economic backbone of many BC communities, forestry is a vital part of
BC’s economy. The sector continues to recover from 2009, one of the worst
years for the industry in recent history, with expanded export markets in Asia,
pulp product specialization, and continued expansion into green energy. The
BC forestry industry is a world leader in sustainable forest management with
more land certified to internationally recognized sustainability standards
than any other jurisdiction in the world.
Accounting for nearly a quarter of all direct manufacturing employment in
BC, the forestry industry supports 145,800 jobs, with annual revenue of $15.7
billion. The industry consists of more than 7,000 businesses in BC – most of
which are small businesses employing less than 20 employees – and is a
major customer for BC’s transportation industries. An estimated 14 million
metric tonnes of forestry cargo is shipped through BC ports annually to
more than 25 countries.
In this issue, CPABC Industry Update examines the economic impact of the
forestry industry on BC’s economy, sustainability certification and forest
management practices, data revolutions in forest monitoring, and Aboriginal
title to land, and also includes a Q&A with members working in the forestry
industry.
Next issue, you’ll notice some changes to Industry Update – we’ll be including
more articles addressing issues facing members in industry, in addition to
our focus on a specific industry. These changes are being made based on
feedback from the member satisfaction survey conducted this past spring.
We hope you enjoy this edition of Industry Update, and look forward to your
feedback on this and future issues.
In this Issue
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7
Forestry, a Vital Engine
of BC’s Economy
in every issue
13 CPABC Career Connect
Profile: Canfor
15
4 Industry Snapshot:
BC Forestry
ertification:
C
From Forest Management
to Market Acceptance
22 PD Opportunities
18 Revolutionizing Forest
34 Connect with
CPABC Online
Monitoring and Management
24 Beyond the Forest –
18
Members Share their Perspectives
27 What Industry Needs to Know
about Aboriginal Title
32 Increasing Our Global
Competitiveness: The Time
Has Never Been Better
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15
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FALL 2015
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