VANCOUVER, BC, April 22,
2024 /CNW/ - Today, Canfor Corporation (TSX:
CFP) and Canfor Pulp Products Inc. (TSX: CFX) jointly released
their 2023 Sustainability Report. The report highlights the
companies' environmental, social and governance (ESG) activities
and tracks performance against established goals.
"While 2023 was a challenging year for Canfor, we continue to
advance our sustainability strategy, which is a cornerstone of how
we do business," said Don Kayne,
President & CEO of Canfor Corporation. "As we share the results
of our sustainability report this year, I am incredibly proud of
our people, who remain laser focused on safely delivering the
quality products our customers expect while integrating
sustainability into all that they do."
Highlights of the 2023 Sustainability Report
include:
- Moving towards our goal of becoming net-zero by 2050,
including establishing a target to reduce our scope 3 GHG emissions
by 25% by 2030 from a 2022 baseline year. This builds on our
previously established target to reduce scope 1 and 2 emissions by
42% by 2030 from a 2020 baseline year. Our emissions targets were
submitted for validation with the Science Based Targets initiative
(SBTi). We also developed a Climate Change Strategy to prioritize
and focus climate-related initiatives across the company.
- Progressing our diversity and inclusion initiatives,
with 50% of our North American new hires coming from
under-represented groups and 98% of our salaried employees in
North America completing our
Inclusion and Diversity Awareness Training.
- Maintaining responsible forest stewardship practices,
with 100% of our Canfor-managed forests certified to SFI® or FSC®
Forest Management Standards, and 100% of all sourced wood in our
North American wood products operations certified to SFI Fibre
Sourcing Standard.
- Advancing Indigenous partnerships, with almost half of
our Canadian operating area covered by agreements with Nations. We
continue to work closely with Indigenous communities to find
opportunities for mutually beneficial partnerships.
Click here to learn more about the 2023 Sustainability
Report.
Forward Looking
Statements
Certain statements in this press release constitute
"forward-looking statements" which involve known and unknown risks,
uncertainties and other factors that may cause actual results to be
materially different from any future results, performance or
achievements expressed or implied by such statements. Words such as
"expects", "anticipates", "projects", "intends", "plans", "will",
"believes", "seeks", "estimates", "should", "may", "could", and
variations of such words and similar expressions are intended to
identify such forward-looking statements. These statements are
based on management's current expectations and beliefs and actual
events or results may differ materially. There are many factors
that could cause such actual events or results expressed or implied
by such forward-looking statements to differ materially from any
future results expressed or implied by such statements.
Forward-looking statements are based on current expectations and
Canfor assumes no obligation to update such information to reflect
later events or developments, except as required by law.
About Canfor Corporation
Canfor is a global leader in the manufacturing of high-value
low-carbon forest products including dimension and specialty
lumber, engineered wood products, pulp and paper, wood pellets and
green energy. Proudly headquartered in Vancouver, British Columbia, Canfor produces
renewable products from sustainably managed forests, at more than
50 facilities across its diversified operating platform in
Canada, the United States and Europe. The Company has a 70% stake in Vida
AB, Sweden's largest privately
owned sawmill company and also owns a 54.8% interest in Canfor Pulp
Products Inc. Canfor shares are traded on The Toronto Stock
Exchange under the symbol CFP. For more information visit
canfor.com.
SOURCE Canfor Corp