Canfor

Canfor's reported carbon emissions

Canfor, a company in the Wood and products of wood and cork industry headquartered in CA, has outlined ambitious climate commitments alongside its reported greenhouse gas emissions. For the 2024 reporting year, Canfor reported total combined emissions of approximately 4.3 billion kg CO2e. This figure is comprised of Scope 1 emissions totalling approximately 542.1 million kg CO2e, and Scope 2 emissions (market-based) amounting to approximately 125.5 million kg CO2e. Scope 3 emissions were substantial, reaching approximately 3.7 billion kg CO2e, with significant contributions from the "processing of sold products" (approximately 1.1 billion kg CO2e) and the "end-of-life treatment of sold products" (approximately 1.3 billion kg CO2e). In 2023, Canfor reported combined Scope 1 and 2 emissions of approximately 766.4 million kg CO2e (market-based). Scope 1 emissions for this year were approximately 631.6 million kg CO2e, and Scope 2 emissions (market-based) were approximately 134.8 million kg CO2e. Scope 3 data was not disclosed for this year. For 2022, the company's total combined emissions were approximately 5.76 billion kg CO2e. This breakdown includes Scope 1 emissions of approximately 719.5 million kg CO2e and Scope 2 emissions (market-based) of approximately 132.1 million kg CO2e. Scope 3 emissions were reported at approximately 4.9 billion kg CO2e, with the largest categories being "end-of-life treatment of sold products" (approximately 2.1 billion kg CO2e) and "processing of sold products" (approximately 1.5 billion kg CO2e). Canfor has set a near-term target to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 42% by 2030, using 2020 as the baseline year. Looking further ahead, the company is committed to becoming a net-zero carbon company by 2050. This long-term goal is to be achieved through advancing climate-positive forest management, producing sustainable forest products, and developing impactful partnerships. Further details on Scope 3 reductions indicate a commitment to a 25% reduction in specific categories by 2030 from a 2022 base year. They also commit 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.