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[Display omitted] • Climate smart forestry (CSF) indicators based on forest inventory are presented. • Indicators were projected under management scenarios with a simulation model. • National carbon stock increases with current management, but regions differ. • Trade-offs occur between mitigation, adaptation and ecosystem services (ES). • The presented framework can support policy in balancing ES in the context of CSF. Climate-smart forestry (CSF) has gained increasing attention in recent years. Yet, a framework to assess the three pillars of CSF, in terms of mitigation and adaptation to climate change and ecosystem service (ES) provision based on national forest inventory (NFI) data is currently lacking. In this study, we present an assessment framework of CSF based on forest indicators derived from NFI. To quantify the three pillars of CSF we defined 1) mitigation based on the forest carbon stock, 2) adaptation using biodiversity and susceptibility to disturbances caused by storm and bark beetles and 3) ES provision with timber production and protection against avalanches and rockfall. We demonstrate the application of this framework using Swiss NFI data and projections of future forest development under four different management scenarios. Our results show that, in general, the carbon stock is increasing at the national scale when current management practices are maintained. Increases are especially pronounced in the Jura and Southern Alps regions. Trade-offs occur between enhancing mitigation and adaption, and the sustainable provision of ES such as timber production. Scenarios with increased harvesting intensities lead to a higher timber supply in the short-term, while decreasing the carbon stock, biodiversity-related old-growth indicators and the protective function of forests. The indicator framework presented in this study provides a first methodological approach that can support policy making to balance the different forest services in the context of CSF. [ABSTRACT FROM AUTHOR]