West Fraser Timber Co. Ltd.

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023

In its 2023 reporting, West Fraser Timber Co. Ltd. disclosed greenhouse gas emissions of 1.7K kt CO2e. By scope: Scope 1: 952 kt CO2e; Scope 2: 760 kt CO2e; Scope 3: 7.6K kt CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
1.7K kt CO2e
2023
⚡
Renewable Energy
77%
of total energy
💧
Water Usage
42 million m³
2023
♻️
Waste
6.5K thousand dry metric tonnes
2023
⚙️
Energy Use
64.1M GJ
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).952 kt CO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.760 kt CO2e
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).7.6K kt CO2e

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Implement standardized data collection systems for environmental data (2024)
  • Achieve 10% improvement in resource efficiency in lumber, panels, and engineered wood (2024)
  • Complete water balance assessments for all pulp mills (2024)
  • Reduce reportable environmental events by 10% (2024)
  • Complete land-based emission inventory (2024)

📅 Medium-term

  • Achieve 10% improvement in resource efficiency in pulp (2025)
  • Complete water balance assessments for all operations (2025)
  • Complete flood/drought risk assessments for all affected operations (2025)
  • Develop company-specific EPDs for all product groups (2025)
  • Establish water use reduction plans for all pulp operations (2026)

🔭 Long-term

  • Achieve 50% improvement in resource efficiency across all divisions (2030)
  • Reduce Scope 1 and Scope 2 GHG emissions by 46.2% (2030)
  • Reduce Scope 3 GHG emissions by 25% (2030)
  • Reduce reportable environmental events by 50% (2030)
  • Achieve PAR gold certification (2030)

🌱 ESG Focus Areas

Climate ActionForestryBiodiversitySafetyHealth and WellnessDiversity, Equity and InclusionIndigenous RelationsCommunity EngagementBusiness EthicsGovernanceSupply Chain SustainabilityHuman Rights

⚠️ Challenges & Risks +

  • Managing for biodiversity in an ever-evolving landscape
  • Supply chain disruptions due to climate events (wildfires, flooding)
  • Lack of commercially available low-emission forestry technology and equipment
  • Rising energy costs
  • Shifting policy on land use and forest conservation
  • Pressure and cost to transition to low-carbon technologies
  • Unprecedented wildfire season in 2023

📋 Report Information

Reporting Period: 2023
Frameworks: GRI, SASB, TCFD, UNGC
Assurance: PricewaterhouseCoopers LLP (limited assurance on Scope 1, 2, and 3 GHG emissions)