Overall Net-Zero Target: Canfor commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Canfor commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2020 base year.* Canfor also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel and energy related activities, upstream transportation and distribution, processing of sold products and end of life treatment of sold products 25% by 2030 from a 2022 base year.*(**) Canfor further commits to maintaining no deforestation across its primary deforestation-linked commodities. *The target boundary includes land-related emissions and removals from bioenergy feedstocks. **The targets only include energy and industrial emissions, the FLAG emissions have been excluded. The company will include these emissions in a FLAG target once a pathway for timber and wood fiber is available. Long-Term Targets: Canfor commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2020 base year.* Canfor also commits to reduce absolute scope 3 GHG emissions 90% by 2050 from a 2022 base year.*(**) *The target boundary includes land-related emissions and removals from bioenergy feedstocks. **The targets only include energy and industrial emissions, the FLAG emissions have been excluded. The company will include these emissions in a FLAG target once a pathway for timber and wood fiber is available.