West Fraser Timber Co. Ltd..
WFG.US | Sawmilling and planing of wood
West Fraser Timber Co. Ltd. is a diversified wood products company producing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals. The company's lumber products are used in residential and commercial construction, as well as industrial applications. Engineered wood prod...Show More
Better Health for All
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West Fraser Timber Co. Ltd. has incurred $278,218 in penalties across 14 records for environment-related offenses
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and $122,620 across 6 records for air pollution violations,
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indicating significant health-harming externalities. The company made a $1 million investment in mental health.
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Its core products, such as lumber, engineered wood products, pulp, and newsprint, have no significant direct positive or negative health impact, resulting in no revenue from products with direct health harms. The company's business model does not involve health-related products or services, making several health-related KPIs not applicable, including price accessibility, vulnerable reach, risk transparency, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, pharmaceutical patent flexibility, nutrition and food safety, addiction mitigation, clinical trial ethics, and healthcare education. Information regarding workplace safety was not considered, as per the value definition.
Fair Money & Economic Opportunity
0
West Fraser Timber Co. Ltd. is a diversified wood products company and does not operate as a financial institution. Therefore, KPIs related to financial products, services, and customer financial outcomes are not applicable. The company invested $4.3 million in communities in 2024 across various pillars such as Quality of Life, Health & Wellness, Sustainability, Education, and Indigenous Relations.
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However, this investment is not specified as community finance or profit-sharing with underserved communities in the context of financial services, leading to the omission of the 'profit_reinvestment' KPI.
Fair Pay & Worker Respect
-10
Approximately 17.7% of West Fraser Timber's 7,900 employees are covered by collective bargaining agreements.
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A new four-year agreement, ratified in March 2023, includes an average 23% wage increase over its term, a $5,000 lump sum payment, and enhanced health benefits such as a $500 annual health spending account, $400 vision care, and $3,000 orthodontic coverage.
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Employee reviews on Glassdoor show an overall satisfaction rating of 3.6 out of 5 stars and a 67% recommendation rate.
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The company was recognized as one of Canada's Top 100 Employers in 2019 and 2020.
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Regulatory records indicate one labor relations violation with a $9,000 penalty.
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Employee reviews also express concerns about safety prioritization and management.
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Fair Trade & Ethical Sourcing
0
The provided articles do not contain specific quantitative data for any of the KPIs under Fair Trade & Ethical Sourcing. While West Fraser highlights a commitment to ethical sourcing and fighting forced and child labor, and mentions a path towards Indigenous Relations (PAIR) Gold certification by 2030
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, no percentages, numbers of incidents, audit frequencies, traceability coverage, remediation speeds, ethical clause coverage, material risk indices, or supplier diversity spend figures are provided to assess performance against the rubric.
Honest & Fair Business
0
West Fraser Timber mentions the existence of a whistleblower policy and an anti-bribery and anti-corruption policy on its website
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. However, the articles do not provide specific details regarding the strength, enforcement, training, or effectiveness of these policies, which are necessary to score against the rubric's tiers. Information on regulatory penalties indicates total penalties of $42,641,238 from 2000 to present
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, including $42,100,000 for competition-related offenses
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. However, the data does not specify the value of fines incurred specifically within the last three years, which is required by the rubric for the 'regulatory_fines_3y' KPI. No evidence was found for transparency index, financial restatements, audit coverage, ESG controversy index, complaint resolution time, board conflict-free percentage, or third-party verification.
Kind to Animals
0
No specific, concrete data points were found in the provided articles to assess West Fraser Timber Co. Ltd. against the 'Kind to Animals' ethical value. The articles primarily focus on sustainable forest management
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, general biodiversity conservation efforts
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,
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, and a specific fish stocking initiative
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, but lack measurable outcomes for species recovery across the company
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, details on animal-derived products, animal testing policies, humane certifications, or ethical sourcing percentages required by the rubric's KPIs.
No War, No Weapons
0
No information was found in the provided articles regarding West Fraser Timber Co. Ltd.'s involvement in arms manufacturing, military contracts, conflict facilitation, or any related activities. The articles focus on the company's sustainability, community investment, mental health initiatives, and forest management practices, explicitly stating that no data relevant to the 'No War, No Weapons' value is present for any of the specified KPIs.
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Planet-Friendly Business
-30
West Fraser has SBTi-validated carbon reduction targets for 2030, aiming for a 46.2% reduction in Scope 1 and 2 GHG emissions and a 25% reduction in Scope 3 emissions.
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100% of its mills are progressing on energy reduction roadmaps to meet these targets.
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The company powered 75% of its manufacturing operations with renewable energy in 2024.
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WFG integrates material climate risks into its risk register
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and has performed a financial assessment of climate risks using different scenarios
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, indicating partial alignment with TCFD recommendations.
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Respect for Cultures & Communities
80
West Fraser Timber Co. Ltd. has 130 Indigenous partnerships and vendors, and 39 mutually agreed upon Indigenous community engagement processes.
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The company engages with over 80 Indigenous communities and has touched over 100 Indigenous governments, communities, and organizations.
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In 2024, West Fraser invested or donated $1.5 million to Indigenous communities.
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Furthermore, 97% of Canadian salaried employees completed Indigenous Awareness Training.
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The company is Partnership Accreditation in Indigenous Relations (PAIR) certified.
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West Fraser also has a formal partnership with Kee Tas Kee Now Sawmills Ltd., formed in 2021, which includes an 8-week Indigenous Forestry Training Program that has graduated 26 students over three years.
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A Good Relations Agreement was signed with the Montana First Nation on August 14, 2023.
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Safe & Smart Tech
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The company's privacy policy allows users to opt-out of marketing communications and request access to or correction of their data.
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It states that data is retained only as long as necessary for business purposes or legal requirements.
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The policy also mentions compliance with applicable laws.
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Zero Waste & Sustainable Products
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West Fraser's WestPine MDF™ composite wood product contains a minimum of 90% pre-consumer recycled wood content.
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The company has set a target for a 50% improvement in resource efficiency across all divisions by 2030.
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West Fraser manages hazardous waste by sending some to regulated landfills and handling materials such as chemical totes and steel drums.
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No waste disposal violations or citations were mentioned in the reporting period.
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