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SASB And TCFD Indexes

LP supports the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD) frameworks.

The Value Reporting Foundation’s SASB Standards Board is an independent standards board that oversees the SASB Standards, an ESG guidance framework that sets standards for the disclosure of material sustainability information to investors based on industry sector. LP is aligned with SASB’s Building Products and Furnishings and Forestry Management standards and will publicly release an updated version of the SASB index on an annual basis.

Developed by the Financial Stability Board, the TCFD framework was created to improve and increase reporting of climate-related financial information. LP’s TCFD index communicates how the company is factoring climate risks and opportunities into our business strategy to ensure financial resiliency and business viability over the long term as we globally transition to a low carbon economy.

To read our SASB and TCFD indexes, view the below tables or access the following PDF versions:

As we continue our ESG journey, we are working to gather additional information and data to support more robust disclosures that align with globally recognized ESG frameworks.

SASB

Sustainability Accounting Standards Board

TCFD

Task Force on Climate-Related Financial Disclosures

Building Products & Furnishing Standard
Forestry Management Standard

Material Topic

Energy Management in Manufacturing

Accounting Metric

Total energy consumed, percentage grid electricity, percentage renewable

Code

CG-BF-130a.1

Reference/Omission

For more information, refer to the Leadership on Climate Change section of our website.

LP Assessment

For 2020: Total energy consumed was 29,533,324 gigajoules (GJ); percentage from grid electricity was 11% (3,103,572 GJ); percenage of renewable was 80% (23,626,185 GJ).

For 2019: Total energy consumed was 33,701,984 GJ; percentage from grid electricity was 10% (3,401,269 GJ); percentage of renewable was 78% (26,418,823 GJ).

Management of Chemicals in Products 1

Accounting Metric

Discussion of processes to assess and manage risks and/or hazards associated with chemicals in products

Code

CG-BF-250a.1

LP Assessment

We conduct rigorous testing on all LP products within our testing facilities and work with third-party laboratories and testing facilities to ensure products meet required quality, safety, and building code standards. For instance, LP products undergo extensive testing to demonstrate compliance to the ASTM and US Product Standards and are monitored for ongoing compliance by the American Panel Association (APA) – The Engineered Wood Association.

Management of Chemicals in Products 2

Accounting Metric

Percentage of eligible products meeting volatile organic compound (VOC) emissions and content standards.

Code

CG-BF-250a.2

LP Assessment

100% of LP engineered wood products meet VOC emissions and content standards.

Product Lifecycle Environmental Impacts 1

Accounting Metric

Description of efforts to manage product lifecycle impacts and meet the demand for sustainable products

Code

CG-BF-410a.1

Reference/Omission

For more information, refer to the Our Products section of our website.

LP Assessment

LP has participated in the development of lifecycle assessments (LCA) and environmental product declarations (EPD) as it pertains to industry-standard engineered wood products (e.g., oriented strand board, laminated strand lumber) through our partnership with the American Wood Council.

Product Lifecycle Environmental Impacts 2

Accounting Metric

Description of efforts to manage product lifecycle impacts and meet the demand for sustainable products

Code

CG-BF-410a.1

Reference/Omission

For more information, refer to the Our Products section of our website.

LP Assessment

Recently, LP completed a product-specific LCA and EPD for LP® SmartSide® Trim & Siding. This information combined with information from our list of industry standard EPDs will be used to help facilitate improvements to reduce our overall environmental footprint across our manufacturing operations while providing the construction industry with carbon-friendly building solutions.

Product Lifecycle Environmental Impacts 3

Accounting Metric

Weight of end-of-life material recovered, percentage of recovered materials recycled

Code

CG-BF-410a.2

Reference/Omission

For more information, refer to the Sustainable Manufacturing section of our website.

LP Assessment

While LP does not currently disclose this data, LP will be collecting information relative to ongoing recycling and recovery activities for end-of-life materials and will disclose future initiatives that we undertake along with relevant data.

LP utilizes 99% of all wood fiber that enters our manufacturing facilities either in our products or as an alternative renewable energy source to help offset fossil fuel consumption.

Wood Supply Chain Management

Accounting Metric

Total weight of wood fiber materials purchased, percentage from third-party certified forestlands, percentage by standard, and percentage certified to other wood fiber standards, percentage by standard

Code

CG-BF-430a.1

Reference/Omission

For more information, refer to the Sustainable Forest Management and Fiber Sourcing section of our website.

LP Assessment

Total weight of wood fiber purchased was 7,951,193 metric tons (t) in 2020 and 8,247,469 t in 2019 for North American operations.

Percentage from third-party certified forestlands (by weight) was 59.6% in 2020 and 56.5% in 2019.

In 2020, 59% of wood fiber was sourced from forestlands certified to the SFI® Forest Management Standard (FM), and 1% was sourced from forestlands certified to the American Tree Farm System (ATFS). In 2019, 55% of wood fiber was sourced from forestlands certified to the SFI® FM Standard and 2% from forestlands certified to ATFS.

The total percentage of wood fiber purchased certified to other wood fiber standards (by weight) was 40.4% in 2020 and 43.5% in 2019.

100% of wood purchased is certified to the SFI® Fiber Sourcing Standard.

Activity Metrics 1

Accounting Metric

Annual Production

Code

CG-BF-000.A

Reference/Omission

For more context, LP’s 10-K Annual Report references total mill production capacity.

LP Assessment

LP NORTH AMERICA PRODUCTION

(OSB & Siding production in 3/8 basis million square feet (MMSF); I-joist reported in million linear feet; EWP (LVL, LSL) production reported in million cubic feet (MCF).

2020
OSB: 3,529,000 MSF
Strand Siding: 1,543,000 MSF
Fiber Siding: 62,000 MSF
EWP: 10,100,000 MCF
I-joist: 42,877,000 MLF

2019
OSB: 3,852,000 MSF
Strand Siding: 1,256,000 MSF
Fiber Siding: 248,000 MSF
EWP: 10,232,000 MCF
I-joist: 37,212,000 MLF

Activity Metrics 2

Accounting Metric

Annual Production

Code

CG-BF-000.A

Reference/Omission

For more context, LP’s 10-K Annual Report references total mill production capacity.

LP Assessment

LP SOUTH AMERICA PRODUCTION
(Production in m3/ year)

2020
Structural: 236,876 m3/year
Non-Structural: 322,021 m3/year
Siding: 33,314 m3/year

2019
Structural: 264,334 m3/year
Non-Structural: 264,700 m3/year
Siding: 25,869 m3/year

Activity Metrics 3

Accounting Metric

Area of manufacturing facilities

Code

CG-BF-000.B

Reference/Omission

For more context on relative size of the operation, LP’s 10-K Annual Report references total mill production capacity.

LP Assessment

Total area of manufacturing facilities was 6,225,884.45 m2 in both 2019 and 2020.