Canfor Sustainability Profile
Canfor Corporation, commonly known as Canfor, is a leading integrated forest products company headquartered in Canada. Established in 1938, Canfor has grown to become a prominent player in the forestry industry, with major operations across British Columbia and Alberta. The company focuses on producing high-quality lumber, engineered wood products, and pulp, catering to both domestic and international markets. Renowned for its commitment to sustainable forestry practices, Canfor stands out with its innovative product offerings, including premium-grade softwood lumber and advanced engineered wood solutions. With a strong market position, Canfor has achieved notable milestones, including recognition for its environmental stewardship and operational excellence. As a key supplier in the construction and manufacturing sectors, Canfor continues to drive advancements in the forest products industry while prioritising sustainability and quality.
DitchCarbon Score
How does Canfor's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Wood Products Other Than Furniture industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Canfor's score of 79 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Canfor's reported carbon emissions
In 2024, Canfor reported total carbon emissions of approximately 5,542,116,000 kg CO2e, comprising 542,116,000 kg CO2e from Scope 1, 125,462,000 kg CO2e from Scope 2 (market-based), and a significant 3,661,068,000 kg CO2e from Scope 3 emissions. This represents a comprehensive approach to emissions accounting, including direct and indirect emissions across their value chain. Canfor has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030 from a 2020 baseline. Additionally, they plan to cut Scope 3 emissions by 25% by 2030 from a 2022 baseline. Long-term goals include achieving a 90% reduction in both Scope 1 and 2 emissions by 2050, as well as a 90% reduction in Scope 3 emissions by the same year. The company is committed to becoming a net-zero carbon entity by 2050, focusing on climate-positive forest management and sustainable forest products. These targets align with the Science Based Targets initiative (SBTi) and reflect Canfor's dedication to maintaining no deforestation across its primary commodities. Overall, Canfor's emissions data and climate commitments illustrate a proactive stance in addressing climate change within the forestry and paper products sector, positioning them as a leader in sustainability efforts in Canada and beyond.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 0,000,000,000 | - | 0,000,000,000 |
How Carbon Intensive is Canfor's Industry?
How Carbon Intensive is Canfor's Location?
Canfor's Scope 3 Categories Breakdown
Canfor's Scope 3 emissions, which decreased by 25% last year and decreased by approximately 25% since 2022, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "End-of-Life Treatment of Sold Products" being the largest emissions source at 35% of Scope 3 emissions.
Top Scope 3 Categories
Canfor's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Canfor has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Canfor's sustainability data and climate commitments