About West Fraser
West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. The Company
produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy from responsibly sourced wood fibre. West Fraser’s products are used in home construction,
repair and remodelling, industrial applications, papers, tissue, and box materials. For more information about West Fraser, visit: westfraser.com.
Forward-Looking Statements
This news release contains
forward-looking information or forward-looking statements (collectively, “forward -looking statements”) within the meaning of applicable securities laws. These forward-looking statements include,
among other things, our plans to make additional investments to help improve our emissions profile, the Company’s climate action strategy, including our focus on actions to decarbonize our scope 1, 2 and 3 GHG emission reduction targets, our
SBTi commitment, and our plans to work towards achieving net zero, our plans to adopt TNFD, our commitments and ability to continuously improve our environmental, social and governance performance, including safety as our top priority, our plan to
achieve Progressive Aboriginal Relations gold certification by 2030, our plan to enter into innovative partnerships with Indigenous Nations in 2024 and our plans to continue becoming a sustainability leader. Any such forward-looking statements are
based on information currently available to us and are based on assumptions and analyses made by us considering our experience and our perception of historical trends and current conditions and are subject to inherent risks and uncertainties
including the expectations and assumptions concerning the implementation, performance and effectiveness of technology needed to achieve our sustainability goals and priorities, our access to sufficient capital and resources to undertake such
projects and plans, the laws and regulations which will apply to our business, our ability to attract and retain skilled employees to implement our goals, targets and plans, environmental compliance costs generally, and assumptions regarding the
development of our business generally, risks associated with climate change and the environment, risks associated with permitting, operational problems, changes in laws and governmental regulations, environmental compliance challenges, costs of
compliance with environmental and other laws and regulation, risks relating to the development and use of new technology or lack of appropriate technologies needed to advance our goals, competition for labour and services and related shortages,
natural disasters and adverse weather conditions, general business and economic conditions and the future operation and financial performance of the Company generally. Readers should also refer to the risk factors set forth in the Company’s
annual information form and management’s discussion and analysis for the year ended December 31, 2023, each dated February 14, 2024, as updated in our quarterly reports from time to time and other documents, available at
SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov/edgar). There can be no assurance that the plans, intentions, or expectations upon which forward-looking statements are based will be realized. Actual results may differ, and the
difference may be material and adverse to the Company and its shareholders. Except as may be required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements. There can be no assurance that the plans,
intentions, or expectations upon which forward-looking statements are based will be realized. Actual results may differ, and the difference may be material and adverse to the Company and its shareholders. Except as may be required by law, the
Company undertakes no obligation to publicly update or revise any forward-looking statements.
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