Canfor

Canfor, a Canadian company in the Wood and products of wood and cork industry, reported its carbon emissions for recent years.

In 2024, Canfor's Scope 1 emissions were 542,116,000 kg CO2e, Scope 2 market-based emissions were 125,462,000 kg CO2e, and Scope 3 emissions totalled 3,362,446,000 kg CO2e. Key categories contributing to Scope 3 included processing of sold products (approximately 1.14 billion kg CO2e), end-of-life treatment of sold products (approximately 994 million kg CO2e), and purchased goods and services (approximately 478.4 million kg CO2e).

For 2023, Canfor reported Scope 1 emissions of 631,619,000 kg CO2e and Scope 2 market-based emissions of 134,816,000 kg CO2e. In 2022, the company's total emissions were 4,909,846,000 kg CO2e. This included Scope 1 emissions of 719,465,000 kg CO2e, Scope 2 market-based emissions of 132,076,000 kg CO2e, and Scope 3 emissions of 4,909,846,000 kg CO2e. Significant Scope 3 contributors in 2022 were processing of sold products (approximately 1.52 billion kg CO2e) and end-of-life treatment of sold products (approximately 2.11 billion kg CO2e).

Looking ahead to 2025, Canfor projects Scope 1 emissions of 458,987,000 kg CO2e and Scope 2 market-based emissions of 113,508,000 kg CO2e.

Canfor has set ambitious climate commitments, with its Science Based Targets initiative (SBTi) approved targets cascaded from Canfor Corporation. The company commits to reaching net-zero greenhouse gas emissions across its value chain by 2050.

Near-term targets include:

• Reducing absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2020 base year.
• Reducing absolute Scope 3 GHG 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 by 25% by 2030 from a 2022 base year.

Long-term targets, also by 2050, include:

• Reducing absolute Scope 1 and 2 GHG emissions by 90% from a 2020 base year.
• Reducing absolute Scope 3 GHG emissions by 90% from a 2022 base year.

Canfor also commits to maintaining no deforestation across its primary deforestation-linked commodities. These targets cover energy and industrial emissions, with Forest, Land and Agriculture (FLAG) emissions to be included once a pathway for timber and wood fibre is available.