West Fraser Timber Co

West Fraser Timber Co. Ltd., headquartered in Canada and operating in the paper and wood waste treatment sector, reported total global GHG emissions of approximately 7.29 billion kg CO2e for 2024. This figure encompasses Scope 1 (direct emissions), Scope 2 (indirect emissions from purchased energy), and Scope 3 (other indirect emissions).

In 2024, Scope 1 emissions were approximately 649 million kg CO2e, while Scope 2 emissions (market-based) were approximately 480 million kg CO2e. The company's Scope 3 emissions were significantly higher, totalling about 6.14 billion kg CO2e. Key contributors to Scope 3 emissions include the end-of-life treatment of sold products (approximately 2.15 billion kg CO2e) and the processing of sold products (approximately 1.37 billion kg CO2e). Purchased goods and services accounted for approximately 1.15 billion kg CO2e of Scope 3 emissions.

Looking at previous years, West Fraser's total global GHG emissions were approximately 7.8 billion kg CO2e in 2023 and approximately 7.78 billion kg CO2e in 2022.

West Fraser has set ambitious climate commitments. The company aims to reduce its absolute Scope 1 and Scope 2 GHG emissions by 46.2% by 2030, using 2019 as its baseline year. Furthermore, West Fraser is committed to reducing its absolute Scope 3 GHG emissions by 25% by 2030, with a baseline year of 2020. These targets align with a 1.5°C warming scenario. Progress towards these goals has been tracked, with reports indicating that the company is on track for Scope 2 and Scope 3 near-term targets as of 2023.