Environment & Sustainability
West Fraser shares its sustainability report for 2022
June 21, 2023 By P&PC Staff
West Fraser released its 2022 Sustainability Report, providing a comprehensive disclosure on topics such as climate action, sustainable forestry and environmental performance as well as a newly developed social performance strategy outlining priorities in areas including safety, diversity, equity and inclusion and Indigenous relations.
“As a company founded nearly 70 years ago, we understand the importance, and necessity, of doing the right thing for the environment, our communities and our employees while sustainably and profitably growing our business,” said Ray Ferris, president and CEO of the company.
“In 2022, we took important steps towards achieving our goal of being a sustainability leader,” said Ferris. “Building on our foundations, we continued the work to advance robust and credible environmental and social goals and targets to guide the Company’s next chapter.”
In February 2022, West Fraser committed to reducing its scope 1 and 2 greenhouse gas (GHG) emissions by 46.2 percent and scope 3 by 25 percent, by 2030. This commitment has since been validated by the Science Based Targets Initiative (SBTi) in April 2023. To ensure that the company’s work aligns with international expectations, it also joined the United Nations Global Compact This solidified its commitment to the UN Sustainable Development Goals (SDGs), which guide its work in every community where West Fraser operates.
A social performance strategy was developed to establish meaningful ambitions and goals to progress our social performance and frame future disclosures. This work includes a strong focus on people and company culture, reflecting West Fraser’s long-held values and a commitment to a safer, healthier, more diverse, equitable and inclusive workforce.
“Looking ahead, ambitious but credible targets, with valid, verified, achievable pathways to meet those targets, will continue to be a hallmark of our approach to sustainability,” said Ferris.
The report is available for viewing here.
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