Environment, Social & Governance
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, the most environmentally friendly product on the market
- 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
- 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
- The fossil fuel footprint of a treated wood deck is equivalent to driving a car 38 miles/year. In comparison, the fossil fuel footprint of a wood-plastic composite deck is equivalent to driving a car 540 miles/year.
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:
