Canfor Corporation
January 2023
CIBC Western Institutional
Investor Conference
Pat Elliott | Dan Barwin |
CFO & SVP, Sustainability | Director, Corporate Finance |
The presentation and answers to questions today contain forward-looking statements which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Factors that could have a material impact on any future oriented statements made herein include, but are not limited to: general economic, market and business conditions, product selling prices, raw material and operating costs, foreign exchange rates, interest rates, changes in law and public policy, the outcome of trade disputes, and opportunities available to or pursued by the Company.
For further details on these factors and our assumptions and applicable risks and uncertainties, please refer to Canfor Corporation's Annual Report for the year ended December 31, 2021 available at www.canfor.com or www.sedar.com.
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Company Overview
- Global leader in the manufacturing of sustainable forest products
- Geographic and product diversification supporting earnings through the cycle
- Well positioned for further growth
Lumber | Pulp & Paper |
38 Sawmills* | 4 Pulp Mills |
7.6 BBF Annual Capacity* | 1M tonnes of Northern |
Global platform | Softwood Kraft |
Worlds Largest Softwood | Integrated Paper Machine |
Lumber Producer | High-value product focus |
Saw mill
Pulp mill
Other Operations
16 Value-Added Facilities
Pellet Plants | ||
Glulam | ||
Green Energy | ||
Packaging | ||
Modular Housing | 3 | 3 |
*Includes Greenfield Saw mill in Louisiana (250 MMfbm, 2023), organic grow th in Arkansas (115 MMfbm, 2024), Greenfield saw mill in Alabama (net increase of 130 MMfbm, 2024)
Our people and communities thrive because we are focused on inclusion, equity and wellness everyday.
Our
Sustainability
Approach
Safety, Health & Wellness
We're committed to a
zero-incident workplace and supporting the health and wellness of our people.
Indigenous | Inclusion | Human | Community |
Relations | & Diversity | Rights | Engagement |
We aspire to be a partner of | We will foster a more | We are committed to | We will be an active |
choice for Indigenous | inclusive and equitable | respecting human rights | corporate citizen |
Peoples, a privilege afforded | culture and increase | across our company, | focused on supporting |
by fostering strong | |||
the diversity in our | value chain and with | education, community, | |
relationships and deeply | |||
respecting Indigenous | workforce. | stakeholders & partners | sustainability and |
histories, cultures, values, | in our communities. | health initiatives. | |
and beliefs. |
Our vision is to create a future as sustainable as the forests.
We begin with a deep respect for the people our business touches, the products we create and the planet we rely on to thrive. When we enable sustainability through these pillars, we position ourselves for long-term growth and impact.
Our practices and products play an integral role
in helping to protect the planet and mitigate climate change.
Sustainable | Climate | Air | Water |
Forestry | Change | Quality | Management |
We are committed to | We are committed to | We will continuously | We will continuously |
practicing world class | playing a leading role | improve emissions | improve and achieve full |
sustainable forestry that | in the transition to a | management and | compliance for water |
will result in resilient, | low-carbon economy. | achieve full regulation | usage and discharge. |
productive and | compliance. | ||
biodiverse forests. |
Our products are sustainable because our manufacturing and supply chain is optimized for responsible resource use.
Supply Chain | Energy | Waste & Residuals | |
Management | Management | Management | |
We are committed | We will decrease the | We will optimize fiber | https://sustainability.canfor.com/ |
to embedding | energy intensity of the | utilization and minimize | |
sustainability | manufacturing | landfill waste. | |
throughout our | process and continue | ||
supply chain. | to generate surplus | 4 | |
clean energy. |
Our Climate Ambition
As we make progress on our climate journey, we will continue to explore opportunities to reduce carbon emissions across our value chain
Reduce absolute scope 1 and scope 2 carbon emissions by 42% by 2030 from a 2020 base year
Measure our scope 3 emissions and establish a science-based reduction target by 2024
We plan to invest at least $250 million in carbon reduction projects across our business by 2030
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Canfor Corporation published this content on 18 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2023 17:50:07 UTC.