FOREST MANAGEMENT WITH PHYSICAL ASSET MANAGEMENT PRINCIPLES

A few days ago, the Hellenic Republic Asset Management Fund opened the procedure for selecting contractors for the “NATIONAL REFORESTATION PLAN.” In discussing this initiative, the Minister of Environment and Energy, Mr. Theodoros Skylakakis, emphasized the need for a new management model for Greece’s forest ecosystems.

This model emphasises:

• Mapping
• Creation of a Register
• Conducting Studies
• Involvement of the Forest Service and Relevant Agencies
• New Forest Land Specifications
• Protection and Prevention Measures
• Promotion of Valuable Forest Waste and Biomass
• Carbon Credits and Regeneration of Degraded Land

In other words, this model encompasses the entire life cycle of a natural resource, such as a forest. For Atom Group, the active management approach described above exemplifies physical asset management in practice.

Forests are invaluable natural “assets” of our planet.

Just as organizations study, plan, invest in, maintain, optimize, and decommission their physical assets and infrastructure, forests require similar levels of attention. A comprehensive management strategy that includes condition assessments, management studies, preventive maintenance strategies, and resource monitoring will ensure the long-term environmental, social, and economic benefits of our forest ecosystems.

This management approach is also reflected in the action plan of the Ministry of Environment as announced and makes us hopeful for the management of our precious forest resources.

For more information, you can read further:

the announcement of the Ministry of Environment here

and the announcement of the Hellenic Republic Asset Management Fund here.