Canfor Corporation, a leading player in the wood and products of wood and cork industry, is headquartered in Canada. Established in 1938, Canfor has grown to become a significant force in the production of lumber, engineered wood products, and pulp. With major operations across British Columbia and Alberta, the company is renowned for its commitment to sustainable forestry practices and innovative manufacturing techniques.
Canfor's core offerings include high-quality dimensional lumber and specialty wood products, which are distinguished by their superior strength and durability. The company has achieved notable milestones, including recognition for its environmental stewardship and contributions to the forestry sector. As a market leader, Canfor continues to set industry standards, ensuring that its products meet the evolving needs of customers worldwide.
+49 vs industry average
Canfor’s score of 70 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Wood Products Other Than Furniture has typical carbon intensity
Industry performance
The Wood Products Other Than Furniture industry has reduced its overall emissions by 43% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Canfor's reported carbon emissions
Canfor, a company in the Wood and products of wood and cork industry, headquartered in CA, has outlined significant climate commitments. For the reporting year 2024, Canfor reported total greenhouse gas emissions of approximately 4.74 billion kg CO2e. This comprises Scope 1 emissions of about 542 million kg CO2e, Scope 2 emissions (market-based) of approximately 125 million kg CO2e, and Scope 3 emissions totalling about 3.66 billion kg CO2e.
The company is committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. To support this long-term goal, Canfor has set near-term targets, including a commitment to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2020 as a baseline year. Additionally, Canfor aims to reduce absolute Scope 3 greenhouse gas emissions by 25% by 2030, with a 2022 baseline year. These Scope 3 targets specifically cover emissions from purchased goods and services, fuel and energy-related activities, upstream transportation and distribution, processing of sold products, and end-of-life treatment of sold products. Canfor also commits to maintaining no deforestation across its primary deforestation-linked commodities.
For Scope 1 and 2 emissions specifically, the company reported a total market-based value of approximately 667.6 million kg CO2e for 2024. In 2023, Scope 1 emissions were around 631.6 million kg CO2e, and Scope 2 market-based emissions were approximately 134.8 million kg CO2e. In 2022, Scope 1 emissions were about 719.5 million kg CO2e and Scope 2 market-based emissions were approximately 132.1 million kg CO2e. For Scope 3 emissions in 2022, the total was approximately 4.91 billion kg CO2e. The largest contributors to Scope 3 emissions in 2022 were the end-of-life treatment of sold products (about 2.11 billion kg CO2e) and processing of sold products (approximately 1.52 billion kg CO2e).
Canfor's climate targets are aligned with a 1.5°C pathway and have been assessed by SBTi. The company has committed to being a member of the Business Ambition for 1.5°C initiative.
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Canfor’s Climate Goals (2030 & 2050)
1 goal2030
42% reduction in all scopes
Canfor's most ambitious operational target is to reduce these emissions by 42% by 2030, compared to a baseline of 738,285 Metric Tonnes of C…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
12 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Canfor
Frequently asked questions
Common questions about Canfor’s sustainability data and climate commitments
Data year: 2024
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