Sustainability has been foundational to West Fraser since our founding. Reporting drives our ongoing progress as we continue to evolve our sustainability efforts over the short and long term.
Our annual sustainability reports provide a comprehensive look at West Fraser’s performance in environmental, governance and social topic areas. These include climate action, sustainable forestry, safety, Indigenous Relations and more. Together these reports—along with our reporting data and indices, ratings and rankings—show West Fraser’s path toward achieving our goal of being a sustainability leader.
The 2022 Sustainability Report, For Generations, shares the continued evolution of our culture of sustainability.
In 2022, we took important steps towards becoming a sustainability leader. Building on our sustainability foundations, we have continued work to advance robust and credible environmental and social goals and targets to guide the company’s next chapter.
Environmental excellence is foundational to operational excellence. Research, innovation and continuous improvement are helping us reduce emissions and unlock the full benefit of the resources in our value chain.
The disclosure in the 2022 Sustainability Report is primarily informed by applicable Sustainability Accounting Standards Board (SASB) disclosure requirements, complemented with disclosure guidance from Global Reporting Initiative (GRI) standards.
Through the natural carbon cycle and our climate action plans, West Fraser is building on our legacy of the sustainability performance of our products and enhancing the social, environmental and economic benefit in the communities in which we operate.
In 2022, West Fraser’s disclosures resulted in ratings and rankings through our global ESG engagement partners, recognized as leading authorities on sustainability performance.
These ratings and rankings help us measure and benchmark our progress.
West Fraser achieved a Bronze Medal 2022 EcoVadis Sustainability Ranking.
EcoVadis is one of the world’s largest and most trusted providers of business sustainability ratings, with a global network of more than 130,000+ rated companies. To achieve an EcoVadis medal, a company must meet standards in the following categories: Environment, Ethics, Labour & Human Rights and Sustainable Procurement.
West Fraser achieved an AA MSCI ESG Rating.
MSCI ESG Ratings measure a company’s management of financially relevant ESG risks and opportunities. It uses a rules-based methodology to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage those risks relative to peers. An AA rating is classified by MSCI ESG Ratings as an industry leader.
West Fraser achieved CDP Discloser 2022 status.
CDP is a world-leading environmental disclosure system for companies and other entities to manage their environmental impacts. West Fraser reports data to CDP, helping to drive action through greater transparency.
West Fraser achieved a 37/100 S&P Global ESG Score 2022.
S&P Global ESG Scores actively drives corporate disclosures and helps raise the bar on sustainability standards over time. S&P Global ESG Scores are informed by in-depth company engagement with ESG data points checked against reliable public sources, in addition to media and stakeholder analysis.
