Environmental, Social, and Governance Initiatives
The Company’s Board of Directors and management are currently working towards formalizing existing ESG initiatives and reporting practices.
The following is a high-level summary of selected ESG areas:
Forestry
- Over 7 million seedlings planted by Doman since 2016
- Doman adheres to the Private Managed Forest Land Act of British Columbia, which requires sustainable forest management practices, including protecting key public environmental values
- Timber sold to our major customers receives Chain-Of-Custody Certification, providing customers with confidence that end products originate from well-managed forests
- Forest products generate up to 31% lower carbon footprint than concrete, metal and plastic alternatives
Pressure-treated Wood
- Doman utilizes MicroPro Sienna in its treated wood products, which has an environmental footprint of less than half of traditional residential treated wood.
- Approved for use in 3 National Parks including, Banff
- Safe for use in freshwater and raised garden beds
- Extends the life of the wood resulting in reduced resource usage
- MicroPro Sienna® was the first, and only, wood-treatment process to be certified as an Environmentally Preferable Product (EPP) by SCS Global Services, based on life-cycle assessment. The full list of environmental certifications for MicroPro Sienna® can be found here.
- Doman practices environmentally responsible plant design and operation through certification under the Canadian Wood Preservation Authority’s Technical Recommendations Document standard.
- Water used in the production process is generally recaptured and recycled.
Operations
- Doman distribution, treating and specialty sawmill facilities generally feature railway access which is more efficient and lowers higher carbon footprint road truck usage
- Piloting zero-emission electric forklifts at selected facilities as pilot, replacing diesel and propane
Doman: At the heart of our communities
Governance & Business Ethics
Board of Directors:
- Majority Voting Policy
- Majority Independent Directors
- Independent Directors comprise 100% of Board committees
- 100% Board and Committee Meeting Attendance in 2020
- Annual Board Evaluation Process
- Board Diversity Policy
- Required Minimum Stock Ownership
- CEO, Board and senior management own over 20% of stock – material alignment with shareholders
- Formal Risk Identification, Assessment and Management initiated in 2021
Links to the following Policies:
