While global stock markets grew significantly during the reporting period, the Timber Finance Carbon Capture & Storage Index (ISIN DE000SL0ECH7) lost 1.31% in US dollars. A weak construction industry, volatile lumber prices, higher energy and logistics costs, and the ongoing trade dispute between the US and Canada are negatively impacting the timber value chain. At the same time, the major differences between regions, sectors and companies reflect the highly varied developments within the industry. In the long term, decarbonization and the increasing recognition of wood’s CO2 storage capacity remain key structural drivers.
