Code of Conduct

FOR WEST FRASER TIMBER CO. LTD. AND ITS SUBSIDIARIES AND AFFILIATES

Last updated as at February 11, 2021

1. Introduction

This Code of Conduct (“Code”) reaffirms West Fraser’s long‑standing policy that its directors, officers and employees conform to the highest legal, ethical and moral standards in conducting the respective businesses of West Fraser Timber Co. Ltd. and its subsidiaries (collectively, the “Company” or “West Fraser”).

This Code applies to and must be complied with by all directors, officers, and employees (including temporary and part-time employees) of West Fraser and its subsidiary companies.  Contractors, consultants, agents and anyone else working on behalf of West Fraser are also required to comply with this Code when acting on West Fraser’s or its subsidiaries’ behalf.

This Code is intended to provide general guidelines that will:

  • Ensure compliance with laws and regulations which govern West Fraser’s business activities;
  • Foster a standard of conduct which reflects positively on West Fraser and its employees;
  • Protect West Fraser from financial loss; and
  • Preserve a corporate climate in which the integrity and dignity of each individual is not compromised.

Responsibility for adherence to this Code rests with each individual.  Oversight of adherence to this Code ultimately rests with the Company’s Board of Directors.