Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change mitigation
• Biodiversity conservation
• Community development
• Reconciliation with Indigenous peoples
• Sustainable forestry

Environmental Achievements

• Achieved certification under the Sustainable Forestry Initiative (SFI®)

Social Achievements

• Positive relations with Indigenous groups and communities
• Recertified by the British Columbia Forest Safety Council as a "Safe Company"

Governance Achievements

• Established an Environmental, Health and Safety Committee
• Established an Audit Committee
• Established a Corporate Governance and Human Resources Committee

Climate Goals & Targets

Environmental Challenges

• Mountain pine beetle and spruce beetle infestations impacting timber supply and quality
• Fluctuations in lumber prices and demand
• Softwood lumber trade dispute with the United States
• Transportation limitations due to remote location
• Regulatory risks related to forestry, environmental protection, and Indigenous rights
• Liquidity risk
• Climate change impacts on operations and timber supply
• Indigenous claims potentially affecting timber harvesting rights
• Competition in the lumber market
• Inflationary pressures on operating costs

Mitigation Strategies

• Implementing sustainable forest management practices
• Diversifying customer base and export markets
• Developing a sustainability strategy
• Investing in targeted capital projects to improve efficiency and grade yields
• Maintaining positive relationships with Indigenous groups
• Regular cash flow forecasting and appropriate financing activities
• Developing adaptation and mitigation strategies for climate change
• Engaging in collaborative approaches with Indigenous groups
• Focusing on cost reduction and productivity improvements
• Implementing a comprehensive safety management system

Supply Chain Management

Responsible Procurement

• Requiring contractors to meet established safety and environmental standards

Climate-Related Risks & Opportunities

Physical Risks

• Forest fires
• Severe weather
• Insect infestations

Transition Risks

• Carbon taxes
• Regulatory changes

Opportunities

• Renewable energy generation

Reporting Standards

Frameworks Used: SFI®

Certifications: SFI®, PEFC Chain of Custody

Third-party Assurance: KPMG