Weyerhaeuser : IFRS (International Financial Reporting Standards) S1 and S2
WY
Published on 05/05/2025 at 22:03
We support the International Financial Reporting Standards (IFRS) goal of making the connections between financial performance and sustainability and climate-related factors clear. This document provides an overview of our assessment of each of the recommended disclosures of the IFRS S1 and IFRS S2. The IFRS S1 guidance incorporates the sustainability metrics of the Sustainability Accounting Standards Board (SASB), which has been absorbed into the IFRS. The IFRS S2 guidance is largely based on prior guidance from the Task-Force on Climate-Related Financial Disclosures (TCFD), which has also been absorbed into the IFRS.
Further context and additional framework alignment can be found in our ESG Framework Alignments, CDP Response, and sustainability website.
IFRS S1
CATEGORY
RECOMMENDED DISCLOSURE
WEYERHAEUSER'S ASSESSMENT
MORE INFORMATION
Governance
27 (a)
Board governance
Information about the governance body(s) (which can include a board, committee or equivalent body charged with governance) or individual(s) responsible for oversight of sustainability-related risks and opportunities.
The Governance and Corporate Responsibility Committee of the Board of Directors maintains proactive oversight of our sustainability strategy. This includes an annual review of our performance and progress toward our sustainability goals.
Strong Governance - Board Oversight
27 (b)
Management governance Information about management's role in the governance processes, controls and procedures used to monitor, manage and oversee sustainability-related risks and opportunities.
The Chief Administration Officer has accountability for the implementation of our sustainability strategy. The VP of Corporate and Government Affairs, who reports to the CAO, has responsibility over the Corporate Sustainability Team, which is led by the VP of Corporate Sustainability. This team has responsibility over the sustainability-related risks and opportunities.
Strong Governance
Strategy
30 (a) to 30 (d)
Sustainability-related risks and opportunities
Information about the sustainability-related risks and opportunities that could reasonably be expected to affect the entity's prospects.
We disclose a range of sustainability-related risks as Risk Factors in our Annual Report, including risks related to natural disasters, climate change, labor, environmental regulations, and other factors.
Our sustainability-related opportunities center in our commitment to sustainable forest management, which is at the core of our business model. They also include improving the recognition of wood products as a climate solution and expanding our Natural Climate Solutions business at a scale that can make a positive impact today.
2024 Annual Report and Form 10-
K, p. 17, 35-38.
Natural Climate Solutions
IFRS S1
CATEGORY
RECOMMENDED DISCLOSURE
WEYERHAEUSER'S ASSESSMENT
MORE INFORMATION
Risk Management
44 (a) to 44 (b) Risks
Information about the processes and related policies the entity uses to identify, assess, prioritise and monitor sustainability-related risks
We convene a team from across different business lines, including strategy & technology, environmental compliance, government affairs, acquisitions & divestitures
and sustainability, which is responsible for identifying and managing the risks and opportunities related to sustainability. The team is responsible for integrating actions into business plans and reevaluating progress annually.
Strong Governance Environmental Policy Threatened and Endangered Species Policy
Wood Procurement Policy Sustainable Forestry Policy
44 (c)
Integration into overall risk management
Information about how processes for identifying, assessing, and managing sustainability-related risks are integrated into overall risk management.
As a company with more than 100 years of experience in growing forests, environmental factors have always been integrated into overall risk management. Our company-wide enterprise risk assessment has consistently identified a broad range of sustainability-related factors as risks. The risk assessment team gathers input from our internal experts and teams for a more in-depth understanding of the identified climate-related risks.
Our Sustainability Strategy
Metrics and Targets
Note: As one of the world's largest private timberlands owners as well as one of the largest manufacturers of wood products in North America, we disclose metrics for two Sustainable Accounting Standards Board (SASB) standards to ensure coverage.
46 (a) to 46 (b)
IFRS Sustainability Disclosure Standard Metrics - Forest Management Standard
Information on metrics required by Sustainable Accounting Standards Board's Forestry Management Standard (Renewable Resources & Alternative Energy Sector).
SASB TOPIC
SASB METRIC
SASB CODE
SASB CATEGORY
MORE INFORMATION
Ecosystem Services & Impact
Area of forestland certified to a third-party forest management standard
RR-FM-160a.1
Quantitative
ESG Data Table: Sustainable Forest Management
Area of forestland with protected conservation status
RR-FM-160a.2
Quantitative
ESG Data Table: Ecosystem Services
Area of forestland in endangered species habitat
RR-FM-160a.3
Quantitative
ESG Data Table: Ecosystem Services This figure aggregates threatened and endangered species habitat across U.S. and Canada.
IFRS S1
CATEGORY
RECOMMENDED DISCLOSURE
SASB TOPIC
SASB METRIC
SASB CODE
SASB CATEGORY
MORE INFORMATION
Metrics and Targets, continued
46 (a) to 46 (b)
IFRS Sustainability Disclosure Standard Metrics- Forest Management Standard, continued Information on metrics required by Sustainable Accounting Standards Board's Forestry Management Standard (Renewable Resources & Alternative Energy Sector).
Rights of Indigenous Peoples
Area of forestland in indigenous land
RR-FM-210a.1
Quantitative
Our long-term license agreements with the Canadian provincial governments grant us the timber rights and management responsibility for a defined area on which we may operate to support one or more wood product manufacturing facilities.
Description of engagement processes and due diligence practices with respect to human rights, indigenous rights, and the local community
RR-FM-210a.2
Discussion & Analysis
Weyerhaeuser Forests in Canada Stakeholder Engagement
How We Do It: Forest Management and Wood Procurement Certification
Climate Change Adaptation
Description of strategy to manage opportunities for and risks to forest management and timber production presented by climate change
RR-FM-450a.1
Discussion & Analysis
Please refer to IFRS S2 in this document for reference locations.
SASB Forestry Management Activity Metrics
Area of forestland owned, leased, and/or managed by the entity
RR-FM-000.A
Activity Metric
Annual Report, p. 17-18.
Aggregate standing timber inventory
RR-FM-000.B
Activity Metric
Annual Report, p. 18-19.
Timber harvest volume
RR-FM-000.C
Activity Metric
Annual Report, p. 21.
IFRS S1
CATEGORY
RECOMMENDED DISCLOSURE
SASB TOPIC
SASB METRIC
SASB CODE
SASB CATEGORY
MORE INFORMATION
Metrics and Targets, continued
46 (a) to 46 (b)
IFRS Sustainability Disclosure Standard Metrics
Information on metrics required by Sustainable Accounting Standards Building Products (Consumer Goods Sector).
Energy Management in Manufacturing
(1) Total energy
consumed, (2) percentage grid energy, (3) percentage renewable
CG-BF-130a.1
Quantitative
ESG Data Table: Energy.
Management of Chemicals in Products
Discussion of processes to assess and manage risks and/or hazards associated with chemicals in products
CG-BF-250a.2
Discussion & Analysis
Product Stewardship Policy Building Sustainably with Wood
Percentage of eligible products meeting volatile organic compound (VOC) emissions and content standards
CG-BF-250a.1
Quantitative
100% of our eligible wood products meet VOC emissions and content standards.
Product Lifecycle Environmental Impacts
Description of efforts to manage product lifecycle impacts and meet demand for sustainable products
CG-BF-410a.1
Discussion & Analysis
Building Sustainably with Wood 3 by 30: Sustainable Homes
(1) Weight of end-of-life material recovered, (2) percentage of recovered materials recycled
CG-BF-410a.2
Quantitative
ESG Data Table: Residuals and Waste
Disclaimer
Weyerhaeuser Company published this content on May 05, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2025 at 01:53 UTC.