Property company IPUT Real Estate has planted over 40 acres of woodland as part of its plan to reach net zero carbon by 2030.

The land is located in Cork and the planting will result in 6,177 tons of carbon dioxide being removed from the atmosphere over 40 years.

106,000 trees have been planted as part of the initiative near Mitchelstown, including Alder, Birch, Hawthorn, Hazel, Holly, Oak, Scots Pine, Rowan, Wild Cherry.

"While our primary objective is to reduce carbon emissions, the creation of new native woodlands in Cork, in partnership with a local landowner, will enable us to offset our residual emissions while contributing to Ireland's forestry targets," said Niall Gaffney, IPUT Real Estate chief executive.

News of the development came as the company published its sixth annual report detailing its actions around responsible investment.

The report gives shareholders and other stakeholders information about the company’s progress across a range of environmental, social and governance issues.

Initiatives last year include the launch of the firm’s net zero carbon pathway, the validation of targets by the Science Based Targets initiative and the launch of what is to become the company’s net zero office building in Dublin.

"We aim to build long term resilience into our portfolio and ensure we are at the forefront of building an environmentally responsible portfolio in the real estate sector," said Mr Gaffney.