Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Diversity & Inclusion
• Environmental Management
• Forest Stewardship

Environmental Achievements

• Not disclosed

Social Achievements

• Hired a Director of Diversity and Inclusion; implemented additional focus on diversity and inclusion to develop an iterative framework of education and training, strategy development, and implementation that will be shared with all levels of our organization.
• Safety programs include tools, training, and resources that allow us to collect, analyze, and share leading indicators of safety-related hazards broadly across our organization.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacts on business operations, production levels, and economic consequences affecting housing starts and repair-and-remodeling activity.
• Commodity price volatility for OSB, plywood, and lumber.
• Highly competitive industry.
• Cybersecurity risks.
• Material disruptions at manufacturing facilities.
• Customer concentration.
• Product shortages and supplier dependence.
• Labor disruptions and skilled labor shortages.
• Succession planning for key employees.
• Impairment of long-lived assets.
• Wood fiber cost and availability.
• Environmental regulations and liabilities.
• Integration challenges with acquisitions.
• Demand declines due to competing technologies.
• High fixed costs from capital investments.
• Third-party transportation dependence.
• Product liability and other claims.
• Debt servicing and liquidity needs.
• Restrictive covenants in debt agreements.

Mitigation Strategies

• Modifications to operations, protocols, and work locations to address COVID-19.
• Effective facilities maintenance and cost structure management.
• Product line diversification.
• Information technology system upgrades and employee training for cybersecurity.
• Facilities maintenance programs.
• Strong customer relationships.
• Supplier agreements.
• Collective bargaining agreements and talent attraction/retention strategies.
• Succession planning initiatives.
• Regular review of long-lived assets for impairment.
• Log supply agreements, open-market purchases, and public auctions.
• Conservative approach to environmental issues and compliance expenditures.
• Due diligence and integration plans for acquisitions.
• Monitoring of competing technologies and materials.
• Regular maintenance of production equipment.
• Monitoring of transportation providers.
• Adequate insurance coverage.
• Cash flow generation and borrowing capacity.
• Compliance with debt covenants.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather, flooding, fires

Transition Risks

• Regulatory changes, market shifts, increased electricity and natural gas costs

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Diversity & Inclusion

Environmental Achievements

• Increased use of biomass fuel for energy generation, reducing reliance on fossil fuels
• Sourcing logs from responsibly managed working forests

Social Achievements

• Hired a Director of Diversity and Inclusion
• Developed an iterative framework of education and training, strategy development, and implementation for diversity and inclusion

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Impacts of climate change, including extreme weather and water scarcity
• Potential new regulations and mandates requiring employee COVID-19 vaccination or frequent testing
• Supply chain disruptions due to COVID-19 and material shortages
• Labor disruptions and shortages of skilled labor

Mitigation Strategies

• Monitoring evolving developments related to COVID-19 and adjusting business operations as needed
• Educating employees on the effectiveness of vaccines and strongly encouraging vaccination
• Investing in business improvement and quality/efficiency projects, replacement and expansion projects, and ongoing environmental compliance
• Actively pursuing additional initiatives to provide further avenues for revenue and earnings growth

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting raw material availability and product delivery
• Catastrophic wildfires reducing log and fiber supply

Transition Risks

• Increased costs for energy, production, transportation, and raw materials due to GHG emission reduction regulations
• Customer imposition of carbon footprint standards

Opportunities

• Increased demand for wood-based building materials due to their role in climate mitigation

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed