Canfor
Canfor Corporation, commonly known as Canfor, is a leading integrated forest products company headquartered in Canada. Established in 1938, Canfor has grown to become a prominent player in the forestry industry, with major operations across British Columbia and Alberta. The company focuses on producing high-quality lumber, engineered wood products, and pulp, catering to both domestic and international markets. Renowned for its commitment to sustainable forestry practices, Canfor stands out with its innovative product offerings, including premium-grade softwood lumber and advanced engineered wood solutions. With a strong market position, Canfor has achieved notable milestones, including recognition for its environmental stewardship and operational excellence. As a key supplier in the construction and manufacturing sectors, Canfor continues to drive advancements in the forest products industry while prioritising sustainability and quality.
DitchCarbon Score
How does Canfor's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Wood Products Other Than Furniture industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Canfor's score of 74 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Canfor's reported carbon emissions
In 2023, Canfor reported total greenhouse gas emissions of approximately 631,619,000 kg CO2e for Scope 1 and about 134,816,000 kg CO2e for Scope 2, resulting in combined emissions of around 766,435,000 kg CO2e. This marks a reduction from 2021, when their Scope 1 emissions were about 790,461,000 kg CO2e and Scope 2 emissions were approximately 498,389,000 kg CO2e, leading to total emissions of about 1,288,850,000 kg CO2e. Canfor has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030 from a 2020 baseline. Additionally, they plan to achieve a 90% reduction in these emissions by 2050. For Scope 3 emissions, Canfor targets a 25% reduction by 2030 from a 2022 baseline and a 90% reduction by 2050. The company is committed to becoming net-zero across all scopes by 2050, focusing on sustainable forest management and impactful partnerships. These targets align with the Science Based Targets initiative (SBTi) and reflect Canfor's dedication to addressing climate change within the forest and paper products sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 7,229,000,000 | - | 0,000,000,000 | - | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Canfor is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
