Learn more about each phase of our materiality assessment:
We began by engaging with internal stakeholders, representing operations in North America, the UK and Europe, and reviewing investor and ESG-Rating agency feedback.
We held workshops with over 50 stakeholders across the business.
- represented a spectrum of West Fraser’s management and in-house subject matter experts; and
- were selected from all our geographies and operations.
Workshop topics included: worker rights, employee well-being, community resilience, ecosystems, water, pollutants, governance and ethics, materials and waste and climate change.
The materiality assessment was informed by the perspective of investors by considering topics raised in specific SASB standards, and rating agencies including Institutional Shareholder Services (ISS), Sustainalytics, Standard & Poor’s (S&P), CDP and MSCI.
During our research and engagement phase, we prioritized the material themes that we had identified.
We then reviewed these themes with respect to our overall strategy (business and sustainability), goals and obligations. Using that lens, we confirmed and finalized our material topics.
The themes we prioritized helped us to establish material topics that are the foundation of West Fraser’s sustainability strategy and are all weighted as equally important.