West Fraser Join Forces with SBTi to Reduce GHG Emissions

SEATTLE (Scrap Monster): West Fraser Timber Co. Ltd. announced commitments to set science-based targets, aimed at achieving near-term greenhouse gas emission reductions across all its facilities in the U.S., Canada, UK and Europe. The company’s association with Science Based Targets Initiative (SBTi) demonstrates its commitment to sustainability leadership.

The specific GHG reduction targets set by the company include reduction of direct emissions under West Fraser’s operational control, Scope 1 GHG emissions, and indirect emissions from purchased energy, Scope 2 GHG emissions, by 46.2% by 2030, compared with 2019 baseline. Also, it plans to reduce all other indirect emissions within West Fraser’s value chain, Scope 3 GHG emissions by 25% by 2030 from a 2020 base year.

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In order to achieve these goals, the company has decided to expend capital and adapt new operating practices. The capital plans from 2022 onwards will focus on projects that make reducing GHG emissions a priority. West Fraser forecasts investment of at least $400 million before 2030 so as to achieve these targets.

Ray Ferris, President & CEO, West Fraser said that the new commitments will build on its solid legacy of sustainability performance of our products while enhancing the ESG benefits in communities where it operates.