Canfor and Canfor Pulp Demonstrate ESG Performance in 2024 Sustainability Report

Canfor Corporation and Canfor Pulp Products Inc. released their joint 2024 Sustainability Report. The report describes the companies’ approach to managing environmental, social and governance activities, and reports on established targets.

Canfor President and CEO Susan Yurkovich said, “Sustainability is at the forefront of our business and we continually strive to be better at all that we do—for our planet, our people and our customers. Across our operations, our employees are implementing sustainability programs while maintaining safety, developing new renewable products, and continuing to supply high-quality, low-carbon forest products in demand around the world.”

2024 Sustainability Report performance highlights include:

• Maintaining certifications for sustainable forest management and fibre procurement activities, with 100% of Canfor-managed forests certified to SFI or FSC Forest Management Standards, 100% of source fibre in North American operations managed to the SFI Fibre Sourcing Standard and 100% of Swedish forestry operations certified to the PEFC Forest Management Standard. Canfor planted 62 million seedlings this year; more than 1 billion planted over 20 years.
• Advancements in safety, health and wellness initiatives, with the establishment of a global safety forum, implementation of new safety initiatives, and expansion of our employee development programs to enhance leadership skills and career opportunities.
• Investing in communities, with more than $2 million donated through our community investment program, Good Things Come From Tress, including hurricane disaster relief support, education scholarships for future forest sector workers, and sponsorship of sports organizations in Sweden.
• Continuing to pursue our goal to be net zero by 20205, with the Science Based Targets initiative (SBTi) approving Canfor’s near-term and long-term science-based emissions reduction targets in 2024. We also powered our operations with nearly 80% renewable energy.

For a complete overview of sustainability at Canfor and to read our 2024 Sustainability Report, click here.

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.

Contact:

Mina Lauden – Vice President, Corporate Affairs – communicaitons@canfor.com – (604) 661-5225

Source: Canfor Corporation