VANCOUVER, BC, April 22,
2024 /CNW/ - Today, Canfor Pulp Products Inc. (TSX:
CFX) and Canfor Corporation (TSX: CFP) jointly released their 2023
Sustainability Report. The report highlights the companies'
environmental, social and governance (ESG) activities and tracks
performance against established goals.
"Our sustainably-produced forest products are in demand as the
world continues to shift to a low-carbon economy. In addition to
the steady and sustained shift from traditional usage in printing
and writing paper to growth markets like tissue, hygiene and
packaging, pulp products are experiencing new market development in
bioproducts for applications replacing fossil-based materials,"
said Kevin Edgson, President and
CEO, Canfor Pulp. "While our backbone is the strength and
versatility of our products, these characteristics also extend to
our people who develop them every day, safely and sustainably."
Highlights of the 2023 Sustainability Report include:
- Moving towards our goal of becoming net-zero by 2050,
including establishing a target to reduce our scope 3 GHG emissions
by 25% by 2030 from a 2022 baseline year. This builds on our
previously established target to reduce scope 1 and 2 emissions by
42% by 2030 from a 2020 baseline year. Our emissions targets were
submitted for validation with the Science Based Targets initiative
(SBTi). We also developed a Climate Change Strategy to prioritize
and focus climate-related initiatives across the company.
- Progressing our diversity and inclusion initiatives,
with 50% of our North American new hires coming from
under-represented groups and 98% of our salaried employees in
North America completing our
Inclusion and Diversity Awareness Training.
- Maintaining responsible forest stewardship practices,
with 100% of our Canfor-managed forests certified to
SFI® or FSC® Forest Management Standards, and
100% of all sourced wood in our North American wood products
operations certified to SFI Fibre Sourcing Standard.
- Advancing Indigenous partnerships, with almost half of
our Canadian operating area covered by agreements with Nations. We
continue to work closely with Indigenous communities to find
opportunities for mutually beneficial partnerships.
Click here to learn more about the 2023 Sustainability
Report.
Forward Looking
Statements
Certain statements in this press release constitute
"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. Words such as
"expects", "anticipates", "projects", "intends", "plans", "will",
"believes", "seeks", "estimates", "should", "may", "could", and
variations of such words and similar expressions are intended to
identify such forward-looking statements. These statements are
based on management's current expectations and beliefs and actual
events or results may differ materially. There are many factors
that could cause such actual events or results expressed or implied
by such forward-looking statements to differ materially from any
future results expressed or implied by such statements.
Forward-looking statements are based on current expectations and
Canfor assumes no obligation to update such information to reflect
later events or developments, except as required by law.
About Canfor Pulp Products
Inc.
Canfor Pulp Products Inc. ("Canfor Pulp" or "CPPI") is a leading
global supplier of pulp and paper products with operations in the
central interior of British
Columbia ("BC"). Canfor Pulp operates two mills in
Prince George, BC with a total
capacity of 780,000 tonnes of Premium Reinforcing Northern Bleached
Softwood Kraft ("NBSK") Pulp and 140,000 tonnes of kraft paper.
CPPI shares are traded on the Toronto Stock Exchange under the
symbol CFX. For more information visit canfor.com.
SOURCE Canfor Pulp Products Inc.