Canfor

Canfor, a Canadian company in the Wood and products of wood and cork industry, has disclosed its carbon emissions and climate commitments.

In 2025, Canfor reported Scope 1 emissions of 458,987,000 kg CO2e and Scope 2 emissions (market-based) of 113,508,000 kg CO2e. For 2024, the company's Scope 1 emissions were 542,116,000 kg CO2e, Scope 2 emissions (market-based) were 125,462,000 kg CO2e, and Scope 3 emissions totalled 3,362,446,000 kg CO2e. This includes approximately 1,141,930,000 kg CO2e from processing of sold products, about 994,030,000 kg CO2e from end-of-life treatment of sold products, and approximately 511,538,000 kg CO2e from upstream transportation and distribution.

In 2023, Canfor's Scope 1 emissions were 631,619,000 kg CO2e, and Scope 2 emissions (market-based) were 134,816,000 kg CO2e. For 2022, the company reported Scope 1 emissions of 719,465,000 kg CO2e, Scope 2 emissions (market-based) of 132,076,000 kg CO2e, and Scope 3 emissions totalling 4,909,846,000 kg CO2e. This included approximately 2,108,586,000 kg CO2e from end-of-life treatment of sold products, about 1,524,147,000 kg CO2e from processing of sold products, and approximately 534,341,000 kg CO2e from purchased goods and services. In 2021, Canfor's Scope 1 emissions were 709,385,000 kg CO2e and Scope 2 emissions (market-based) were 109,926,000 kg CO2e. In 2020, the combined Scope 1 and 2 emissions (market-based) were 738,285,000 kg CO2e.

Canfor has set ambitious climate targets. The company commits to reaching net-zero greenhouse gas emissions across its value chain by 2050, validated by the Science Based Targets initiative (SBTi). In the near term, Canfor aims to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030, using a 2020 baseline. Additionally, the company commits to reducing absolute Scope 3 GHG emissions by 25% by 2030 from a 2022 base year, specifically targeting 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. For the long term, Canfor has committed to reducing absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2020 base year, and absolute Scope 3 GHG emissions by 90% by 2050 from a 2022 base year. These targets are consistent with a 1.5°C warming scenario.