Weyerhaeuser Company
Climate Impact & Sustainability Data (2019, 2023-2024)
Reporting Period: 2019
Environmental Metrics
Renewable Energy Share:70%
ESG Focus Areas
- Environmental Stewardship
- Social Responsibility
- Corporate Governance
Environmental Achievements
- Reduced greenhouse gas emissions by more than 50% since 2000
- 98% of waste is reused or recycled
- 100% of timberlands are reforested after harvest
- 100% of timberlands and wood products supply chain are certified to the SFI® standards
- Wood products store the equivalent of 9 million metric tons of carbon dioxide every year
Social Achievements
- Reduced injury severity by 35%
- 96% of employees are proud of their work (2019 survey)
- Employees led 280 community projects and volunteered 22,982 hours in 2019
- Conducted pay equity reviews since 2004
Governance Achievements
- Named one of the World’s Most Ethical Companies® by the Ethisphere Institute for the tenth time
- Included in the Dow Jones Sustainability North American Index since 2005
- Named among the Top 250 most effectively managed companies by The Wall Street Journal for the third time
Climate Goals & Targets
Supply Chain Management
Responsible Procurement
- 100% of wood products supply chain is certified to the SFI® Fiber Sourcing Standard
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Certifications: SFI®
Awards & Recognition
- World’s Most Ethical Companies®
- Dow Jones Sustainability North American Index
- Top 250 most effectively managed companies by The Wall Street Journal
Reporting Period: 2023-2024
Environmental Metrics
Total Carbon Emissions:10.2 million mtCO2e
ESG Focus Areas
- Environmental Stewardship
- Social Responsibility
- Governance
Environmental Achievements
- Received approval for and monetized our first forest carbon project in Maine, generating nearly 32,000 high-quality forest carbon credits.
- Planted 121 million seedlings in recently harvested sites.
- 98 percent of wood residuals from manufacturing used to create other products or generate energy.
- Forests and manufactured wood products removed 38 million metric tons of CO2 equivalent in 2023.
Social Achievements
- Strengthened DE&I roadmap, expanded Employee Resource Groups, and piloted a companywide mentoring program.
- Announced new THRIVE program with a $5 million investment across five rural operating communities.
- Launched Weyerhaeuser Innovation Challenge with Habitat for Humanity International.
- Employees logged more than 19,000 hours of volunteer time.
Governance Achievements
- Named one of the World’s Most Ethical Companies for the 15th year by Ethisphere.
- 100% of timberland and mill sites have risk-based safety plans.
- Annual sustainability significance assessment, performance review and trend analysis reviewed by board of directors and senior management team.
Climate Goals & Targets
Medium-term Goals:
- Achieve net-zero emissions by 2040.
Short-term Goals:
- Reduce greenhouse gas emissions 42% by 2030.
Environmental Challenges
- Two employee fatalities in 2023.
- Need to further improve inclusion in the workplace (84% of employees agreed their work environment is inclusive in a 2023 survey).
Mitigation Strategies
- Relentless focus on achieving an injury-free workplace by learning from safety incidents and near misses.
- Dedicated DE&I director and Inclusion Council working to increase diversity and create a truly inclusive environment.
Supply Chain Management
Responsible Procurement
- Wood Procurement Policy; certification to SFI Fiber Sourcing Standard; Supplier Code of Ethics.
Climate-Related Risks & Opportunities
Physical Risks
- Climate-related events
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products
- Natural Climate Solutions business
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC, ISSB, TNFD
Certifications: SFI® Forest Management Standard, SFI Fiber Sourcing Standard
Awards & Recognition
- Ethisphere’s World’s Most Ethical Companies®