Ms. Susan Yurkovich of Canfor reports

CANFOR AND CANFOR PULP DEMONSTRATE ESG PERFORMANCE IN 2024 SUSTAINABILITY REPORT

Canfor Corp. and Canfor Pulp Products Inc. released their joint 2024 sustainability report today. The report describes the companies' approach to managing environmental, social and governance activities, and reports on established targets.

Canfor president and chief executive officer Susan Yurkovich said: "Sustainability is at the forefront of our business and we continually strive to be better at all that we do -- for our planet, our people and our customers. Across our operations, our employees are implementing sustainability programs while maintaining safety, developing new renewable products and continuing to supply high-quality, low-carbon forest products in demand around the world."

2024 sustainability report performance highlights include:

• Maintaining certifications for sustainable forest management and fibre procurement activities, with 100 per cent of Canfor-managed forests certified to SFI or FSC Forest Management Standards, 100 per cent of sourced fibre in North American operations managed to the SFI Fibre Sourcing Standard and 100 per cent of Swedish forestry operations certified to the PEFC Forest Management Standard. Canfor planted 62 million seedlings this year; more than one billion planted over 20 years.
• Advancements in safety, health and wellness initiatives, with the establishment of a global safety forum, implementation of new safety initiatives, and expansion of Canfor employee development programs to enhance leadership skills and career opportunities.
• Investing in communities, with more than $2-million donated through Canfor's community investment program, Good Things Come From Trees, including hurricane disaster relief support, education scholarships for future forest sector workers and sponsorship of sports organizations in Sweden.
• Continuing to pursue Canfor's goal to be net zero by 2050, with the Science Based Targets initiative (SBTi) approving Canfor's near-term and long-term science-based emissions reduction targets in 2024. Canfor also powered its operations with nearly 80-per-cent renewable energy.

About Canfor Corp.

Canfor is a global leader in the manufacturing of high-value, low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets, and renewable energy. Proudly headquartered in Vancouver, B.C., Canfor produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. The company has a 77-per-cent stake in Vida AB, Sweden's largest privately owned sawmill company and also owns a 54.8-per-cent interest in Canfor Pulp Products. Canfor shares are traded on The Toronto Stock Exchange under the symbol CFP.

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