Weyerhaeuser : GRI (Global Reporting Initiative)

GRI INDEX | Where you'll find lots of details

We are strongly committed to continuous improvement in our performance related to environmental stewardship, social responsibility and strong governance, and we are equally committed to transparently sharing our successes and challenges along the way.

Our website serves as our primary method to communicate our sustainability strategy, progress and performance, and we update it annually in accordance with internationally recognized sustainability reporting standards and practices. We also offer printable resources, a blogof case studies illustrating our commitment to sustainability and an opportunity to provide feedbackon our website. Annual updates to our sustainability reporting are reviewed and approved by our corporate law department.

GRI INDEX

The Global Reporting Initiative standards provide a globally recognized model for us to measure and share our performance. Our GRI Index includes general disclosures, as well as topic-specific disclosures such as our company profile, economic and environmental performance, our impacts on society and other disclosures relevant to our company.

We prepare our annual update to our sustainability websitein accordance with the GRI Standards.

Disclosur
e	Title	Location	Additional Information
GRI 2: GENERAL DISCLOSURES
The organization and its reporting practices
2-1	Organizational	Weyerhaeuser Company
	details	Ownership & legal form: Annual Report:Form
		10-K
		Seattle, Washington, USA
		Our major operations are in the United States
		and Canada.
		Annual Report:10- 18
2-2	Entities	Annual Report:63
	included in the
	organization's
	sustainability
	reporting

2-3	Reporting	Annually
	period,	January 1, 2022 - December 31, 2022
	frequency and	April 28, 2023
	contact point
	Feedback
2-4	Restatements	Total environmental data values no longer
	of information	include: Montana timberlands (sold in 2020),
		149,000 acres of Oregon timberlands (sold in
		2020) and 145,000 acres of timberlands in
		Washington (sold in 2021).
2-5	External	In 2023, we obtained limited assurance for our
	assurance	2020, 2021, and 2022 Scope 1, Scope 2
		(location-based), Scope 2 (market-based),
		combined Scope 1 & 2 (location-based) and
		combined Scope 1 & 2 (market -based)
		emissions from a third-party attestation
		provider.
		Assurance letter
Activities and workers

2-6	Activities, value	We are one of the world's largest private	Responsible Wood Fiber
	chain and other	owners of timberlands. We own or control 10.6
	business	million acres of timberlands in the U.S. and
	relationships	manage an additional 14.1 million acres of
		timberlands under long-term licenses in
		Canada. We manage these timberlands on a
		sustainable basis in compliance with
		internationally recognized forestry standards.
		As one of the largest manufacturers of high-
		quality wood products, we operate 35 wood
		products manufacturing facilities and 19
		building materials distribution centers across
		North America.
		Our critical suppliers are those we depend on
		for market success and the sustainable
		operation of our company. These include direct
		suppliers of wood and raw materials, as well as
		maintenance and repair suppliers who support
		machinery and technology used in our
		manufacturing operations. We have
		approximately 1,300 suppliers of wood, 15
		suppliers of chemical additives, and 3,600
		maintenance, repair and operations suppliers.
		We select our Tier 1 suppliers using a rigorous
		process that incorporates assessments of
		technical expertise, cost, quality, service and
		risk.
		Our Wood Products business uses a
		Procurement Risk Mitigation Matrix to assess
		key risks for critical suppliers, including
		business continuity, safety, financial, security
		and reputation risk. These and other
		sustainability risks are reviewed and used to
		construct a supply strategy to mitigate potential
		risks. Key elements of this strategy include
		supplier choice, supplier diversification and
		negotiation of various contractual elements. We
		monitor performance using 10 carefully
		selected key performance indicators (KPIs)
		related to procurement and materials
		management.
		In 2022, purchased 80,800 acres of
		timberlands in North and South Carolina.
		Annual Report: 1-20
2-7	Employees	Data - Employees	Employee data is counted
		Data - Diversity	on the last day of our
			financial reporting period,

2-8	Workers who	We partner with ISN, a contractor and supplier
	are not	information management company, to manage
	employees	the assessment of the qualifications of contract
		workers and suppliers. We currently have
		1,377 non-employee worker companies who
		are managed by ISN and meet our defined
		ESG requirements to provide services.
Governance
2-9	Governance	Strong Governance
	Structure
	Board Oversight
		Proxy Statement: 12-22
		Committee Charters and Composition
2-10	Nomination and	Board of Directors - Governance Guidelines
	selection of the
	Proxy Statement: 24-30
	highest
	governance
	body
2-11	Chair of the	Board of Directors
	highest
	governance
	body
2-12	Role of highest	Our board, through its company direction-
	governance	setting process, establishes companywide
	body in	strategic direction for environmental, social and
	overseeing the	governance issues as well as capital spending,
	management of	business and financial matters.
	impacts
		Annually, our sustainability materiality
		assessment is closely aligned with the
		company' s enterprise risk management
		process. In addition to the description in
		Determining What Is Significant, our enterprise
		risk management team works closely with
		functional and operational leaders and other
		staff across the company to assemble
		information on risks and their potential
		likelihood and impact to the company and its
		stakeholders. This process includes reviewing
		current business priorities, policies and
		procedures; mitigation strategies; and
		emerging trends.
		After processing and analyzing the risks, the
		enterprise risk team prepares a companywide
		heat map and business unit heat maps. A heat
		map is basically a visual representation of the
		greatest risks to the company and their relative
		ranking in terms of likelihood and impact. After
		initial preparation, the team meets with senior
		management to review the heat maps and

		discuss any key risks and related content that
		arose from initial leadership meetings.
		After final approval from senior management,
		the heat maps and any other relevant
		enterprise-risk-related topics are presented to
		the board of directors. After this final review,
		and with the board of directors' approval, the
		enterprise risk team shares this information
		(heat maps and risks) with other extended
		leadership to ensure risk ownership and
		understanding throughout the company. At this
		point, the heat maps become the basis for the
		sustainability materiality assessment.
		Board Oversight
		Determining What Is Significant
2-13	Delegation of	Our Strategy
	responsibility	Proxy Statement:3, 15 - 17
	for managing
	impacts
2-14	Role of the	The Governance and Corporate Responsibility
	highest	Committee reviews progress against our
	governance	sustainability strategy and goals. Our corporate
	body in	law department reviews and approves the
	sustainability	annual update to our sustainability report.
	reporting
2-15	Conflicts of	Board of Directors - Governance Guidelines
	interest
2-16	Communication	Integrity
	of critical
	Proxy Statement:22	See ourCode of Ethicsfor
	concerns
		more information on
			reporting.
		Governance and Corporate Responsibility
		Committee Charter
2-17	Collective	Our Strategy
	knowledge of	Governance and Corporate Responsibility
	the highest	Committee
	governance	Corporate Governance Guidelines
	body
2-18	Evaluation of	Governance Highlights
	the	Proxy Statement: 21
	performance of
	the highest
	governance
	body
2-19	Remuneration	Proxy Statement:32 - 66
	policies
2-20	Process to	Proxy Statement:32 - 66
	determine
	remuneration

2-21	Annual total
	compensation	Proxy Statement:62
	ratio
Strategy, policies and practices
2-22	Statement on	CEO Message
	sustainable	Our Strategy
	development
	strategy
2-23	Policy	Integrity
	commitments	Code of Ethics
		Supplier Code of Ethics
		Human Rights Policy
		Product Stewardship Policy
2-24	Embedding	Integrity
	policy	Ensuring Disciplined Risk Management
	commitments
2-25	Processes to	Integrity
	remediate
	negative
	impacts
2-26	Mechanisms	Integrity
	for seeking
	advice and	Inside or outside our organization, anyone can
	raising
	confidentially and anonymously call our
	concerns
	EthicsLine at 800-716-3488 or use
		Weyerhaeuser EthicsOnline.
2-27	Compliance	Data - Environmental Compliance	Non-compliance issues
	with laws and	Data - Health & Safety	include late submittal of
	regulations		Tier 2 report, exceedance
			of NPDES permit limit,
			exceedances of limit on
			monitoring well, health
			complaints and inspection
			results.
2-28	Membership	Alberta Forest Products Association
	associations	Alberta Trappers Association
		American Wood Council
		Arkansas Forest and Paper Council
		Council of Forest Industries
		Forest Products Association of Canada
		Forest Resources Association, Inc.
		Georgia Paper & Forest Products
		Association
		Mississippi Forest Products Council
		National Alliance of Forest Owners
		National Association of REITS
		North Carolina Manufacturers Alliance
		Oregon Business & Industry
		Oregon Forest Industries Council
		Oregonians for Food & Shelter

Treated Wood Council

US Industrial Pellet Association

Washington Forest Protection Association

Stakeholder Engagement

2-29	Approach to	Stakeholder Engagement
	stakeholder
	engagement
2-30	Collective	Data - Employee Representation
	bargaining
	agreements	Human Rights Policy
GRI 3 Material Topics
3-1	Process to	Ensuring Disciplines Risk Management
	determine	Determining What Is Significant
	material topics
3-2	List of material	Determining What Is Significant
	topics
3-3	Management of	Sustainable Forestry
	material topics	Climate Change
		Natural Climate Solutions
		Health & Safety
		Certification
		Biodiversity
		Public Policy & Regulations
		Economic Performance
		Environmental Management
		Policies and commitments related to material
		topics:
		•Anti-BriberyPolicy
		•Anti-Discrimination,Anti-Harassment
			and Equal Employment Opportunity
			Policy
		•	Chemical Management Policy
		•	Environmental Policy
		•Health and Safety Policy
		•Human Rights Policy(and all
			commitments contained within)
		•	Product Stewardship Policy
		•Supplier Code of Ethics
		•	Sustainable Forestry Policy
		•Threatened and Endangered Species
			Policy
		•	Wood Procurement Policy
		•Consortium for Research on
			Renewable Industrial Materials

		Actions taken to manage material topics:
		Annually, we carry out an enterprise-wide risk
		assessment to gather information from across
		the organization to ensure we understand
		where our greatest exposures reside and what
		is material to our company. We review our
		assessment and ensure the identified topics
		are relevant, significant, and aligned with our
		companywide enterprise risk assessment. We
		regularly conduct internal audits to ensure
		compliance with environmental, safety,
		financial, disclosure and other regulations; our
		own voluntary standards; and our company
		policies. When noncompliance issues are
		identified, we develop, implement and track
		corrective action plans to ensure timely
		resolution
200 ECONOMIC
GRI 201: ECONOMIC PERFORMANCE
201-1	Direct	Annual Report: 57-61
	economic value
	generated and
	distributed
201-2	Financial	Climate Change	Costs associated with
	implications	TCFD Alignment	these risks are not
	and other risks		separated since they are
	and		integrated into all aspects
	opportunities		of our business.
	due to climate
	Annual Report:33
	change
	Defined benefit
	plan obligations
201-3	and other
retirement
	Annual Report: 66-67, 72-79
	plans
GRI 203: INDIRECT ECONOMIC IMPACTS
203-2	Significant	Citizenship
	indirect	Data: Economic Value
	economic
	impacts
		Rural Communities
GRI 204: PROCUREMENT PRACTICES
204-1	Proportion of	Responsible Wood Fiber	A minimum of 30 percent
	spending on		of our overall spend could
	local suppliers		be considered from local
			suppliers. This is our
			approximate spend on logs
			and wood fiber for our
			mills.

GRI 205: ANTI-CORRUPTION

205-1	Operations	We are committed to obeying the law in all
	assessed for	countries where we do business. We have
	risks related to	adopted policies and standards to ensure that
	corruption	we comply with the Foreign Corrupt Practices
		Act and similar anti-corruption laws in each
		country where we do business.
		100 percent of our main businesses and staff
		function groups are analyzed each year. We
		disclose material risks in our periodic filings to
		the SEC.
205-2	Communication	Integrity
	and training
	We regularly train employees on our anti-
	about anti-
	bribery policy. Our contracts and purchasing
	corruption
	policies require agents, contractors, suppliers,
	policies and
	service providers and joint-venture partners to
	procedures
	comply with our anti-bribery policy, as well as
		all statutes and regulations regarding
		corruption and bribery. We require 100 percent
		of targeted employees and third-party
		intermediaries to take anti-bribery training. The
		target audience for anti-bribery training is all
		senior management team members and their
		direct reports; all salaried employees who
		might be expected to interact with foreign
		government officials (as broadly defined under
		the FCPA, this includes any foreign
		government official; any person acting on their
		behalf, such as a consultant; and employees of
		state-owned companies); U.S., Canadian and
		international employees who work in
		international sales, customer service with
		international responsibilities, and trade/export;
		and staff function employees in finance, human
		resources, information technology or other
		areas who have international responsibilities
		and might be expected to interact with foreign
		government officials. Leaders are also
		encouraged to invite the sales agents,
		distributors, consultants and other third parties
		with whom they do business to attend the
		leader-led sessions.
205-3	Confirmed	We disclose all material litigations and legal
	incidents of	proceedings in our periodic filings to the SEC.
	corruption and
	actions taken

GRI 206: ANTI-COMPETITIVE BEHAVIOR

206-1	Legal actions	Our employees are expected to comply with
	for anti-	our company's core policy, as well as all U.S.
	competitive	and other countries' laws, regulating unlawful
	behavior,	anti-competitive behavior. Employees receive
	antitrust, and	regular training and materials as part of our
	monopoly	antitrust and competition law compliance
	practices	program and are responsible for being aware of
		the risk and costs of violating the laws and
		complying with our guidelines for behavior. We
		disclose all material litigation and legal
		proceedings in our periodic filings to the SEC.
GRI 207: TAX
207-1	Approach to tax	In addition to providing employment and
		fostering economic activity in the communities
		in which we operate, we also support the
		community through a variety of U.S. federal,
		state and local tax payments, as well as federal
		and provincial tax payments in Canada. Our
		approach to tax planning is to develop tax-
		efficient solutions that support the company's
		operational initiatives and goals and minimize
		our consolidated tax risks and liabilities. Our
		corporate tax policies and strategy are rooted
		in our company's Code of Ethics. We observe
		all applicable tax rules and regulations in the
		jurisdictions in which we have a tax presence.
		We have a low tolerance for tax risk. We strive
		to obtain certainty for our financial reporting
		obligations and prevent any potential negative
		impacts to our shareholders and our company's
		reputation.
		Our tax strategy includes:
		• Satisfying all income tax reporting and filing
		obligations in a timely manner and in
		accordance with laws and regulations
		• Mitigating tax risk through thoughtful
		implementation and documentation,
		proactive involvement in legislation, and
		participation in current audit programs with
		federal, state, and local governments
		• Ensuring sustainable, arms-length pricing
		on intercompany transactions
		For U.S. federal and state income tax
		purposes, we have elected to be taxed as a
		Real Estate Investment Trust (REIT) and
		continue to operate in a manner that qualifies
		us for REIT status. As such, a significant
		portion of our income is not subject to
		corporate income tax, provided we distribute
		our taxable income to our shareholders.