Environment, Social & Governance

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:

Environment

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 fresh water 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

Social

Doman in the Community

                    

 

                          

 

                         

 

                  

 

 

 

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: