Ms. Susan Yurkovich reports

CANFOR RELEASES 2025 SUSTAINABILITY REPORT

Canfor Corp. released its 2025 sustainability report today. The report provides an overview of the company's sustainability strategy and its environmental, social and governance (ESG) progress in 2025.

Canfor president and chief executive officer Susan Yurkovich said: "Sustainability is built into everything we do across our global operations. Our sustainability strategy is centred on sound resource stewardship, product and operational excellence, and commitment to our people and communities. Together, we are delivering the high-quality, renewable forest products our customers rely on, while advancing a more resilient, low-carbon future."

2025 sustainability highlights include:

• Prioritizing safety: At Canfor, safety comes first. The company is committed to the safety, health and well-being of its people, and to continuously strengthening safety systems and processes. In 2025, collaboration and communication were enhanced across global operations to drive further safety improvements.
• Maintaining leading sustainability certifications: One hundred per cent of managed forests were certified to SFI or FSC forest management standards in Canada, 29 per cent of purchased fibre in the United States was certified to SFI Forest Management or American Tree Farm System standards, and 100 per cent of Swedish forestry operations were certified to the PEFC forest management standard. In addition, 56 million seedlings were planted in 2025.
• Optimizing fibre: The company expanded product lines, grew the lumber packaging business and advanced work on processes to increase fibre utilization of residuals from manufacturing operations.
• Pursuing climate and energy targets: Across global operations, nearly 80 per cent of energy used came from renewable sources. In addition, Canfor Pulp was awarded an EcoVadis silver medal for sustainability.
• Investing in its people and communities: Ninety-seven per cent of the company's North American salaried employees completed respectful workplace training. In addition, the company invested $1.7-million in community giving across Canada and the U.S., while Vida contributed $1-million in European areas of operation.

To read the report and learn more about sustainability at Canfor, visit the company's website.

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 green 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. Canfor has a 77-per-cent stake in Vida AB, Sweden's largest privately owned sawmill company, and owns a 100-per-cent interest in Canfor Pulp Products Inc. Canfor shares are traded on The Toronto Stock Exchange under the symbol CFP.

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