Canfor Corp
Canfor's GHG Emissions Data Preview
In 2024, Canfor completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Canfor has also provided a category-level breakdown for 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
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aVerified Sources Behind Canfor’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Canfor’s data sources below and access millions more through our Disclosure Search.
Insights into Canfor's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Canfor amounted to 653,042 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Canfor decreased by 14.77%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Canfor's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Canfor's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Canfor were 542,116 metric tons of CO₂ equivalent (tCO₂e). a
Compared to the previous year (2023), Canfor's Scope 1 emissions decreased by 14.17%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Canfor's Scope 2 emissions?
In 2024, Canfor reported Scope 2 greenhouse gas (GHG) emissions of 125,462 tCO₂e using the market-based method and 110,926 tCO₂e using the location-based method. a
Has Canfor reduced its Scope 2 emissions over time?
Compared to the previous year (2023), Canfor's Scope 2 emissions (Location-Based) fell by 17.56% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does Canfor use for Scope 2 reporting?
In 2024, Canfor reported its Scope 2 emissions using the market-based method and using the location-based method. a
Canfor's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Canfor's Value Chain Emissions
In 2024, Canfor reported 3,661,068 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Canfor includes a breakdown across 13 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Canfor's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Canfor's Scope 3 emissions?
In 2024, Canfor reported total Scope 3 emissions of 3,661,068 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 32.05% of these emissions originated from upstream activities such as purchased goods and capital goods, while 67.95% came from downstream activities like product use, distribution, and end-of-life treatment. a
What categories of Scope 3 emissions does Canfor disclose?
In 2024, Canfor reported emissions for 13 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Canfor's Scope 3 emissions?
In 2024, the largest contributors to Canfor's Scope 3 emissions were: a
- End-of-Life Treatment of Sold Products (Cat. 12): 1,292,652 tCO₂e (35.31%)
- Processing of Sold Products (Cat. 10): 1,141,930 tCO₂e (31.19%)
- Upstream Transportation and Distribution (Cat. 4): 511,538 tCO₂e (13.97%)
Canfor's Scope 3 Emissions by Categories
Insights into Canfor’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Canfor reported Scope 1 greenhouse gas (GHG) emissions of 542,116 tCO₂e and total revenues of USD 3,652 millions. This translates into an emissions intensity of 148.46 tCO₂e per millions USD. a
Canfor's Scope 1 Emissions Intensity Compared to Peers
How does Canfor's GHG emissions intensity compare to its peers?
In 2024, Canfor reported a Scope 1 emissions intensity of 148.46 tCO₂e per millions USD. Compared to the peer group median of 180.49 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Canfor rank on GHG emissions intensity within its industry?
In 2024, Canfor ranked 9 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Canfor is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Canfor's Total Carbon Footprint
In 2024, Canfor reported a total carbon footprint of 4,314,110 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 463.07% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Canfor's total carbon footprint was Scope 3 emissions, accounting for 84.86% of the company's total carbon footprint, followed by Scope 1 emissions at 12.57%. a