New York – September 13, 2026 -- Chestnut Carbon has agreed to supply Improved Forest Management (IFM) carbon credits to RBC, giving the global financial institution access to one of the largest forest-based carbon credit portfolios in the United States.
Chestnut's portfolio spans 200,000 acres across 37 states
The agreement draws on Chestnut's network of private forest landowners enrolled in IFM practices such as longer harvest rotations, retention of larger trees, strategic thinning, and prescribed burns. These practices are designed to improve forest resilience against wildfire and drought while sustaining long-term timber productivity.
RBC directs capital toward third-party verified nature-based removal
Brian Hong, Director of the Environmental Markets Solutions Group at RBC, said directing capital to high-quality, third-party verified climate solutions supports clients transitioning to a low-carbon, resilient economy. He added that the project makes forest stewardship economically viable for landowners while delivering environmental benefits at scale across the U.S.
Revenue from the deal funds landowner forest management costs
Proceeds from RBC's carbon credit purchase provide capital that Chestnut says allows participating landowners to maintain forest health while addressing immediate financial needs, offering an alternative to selling land for development. Brian DiMarino, Chief Commercial and Operating Officer at Chestnut, said the deal reflects RBC's commitment to nature-based carbon removal and aligns economic opportunity with responsible forest stewardship.