Carbonetworks Corporation

Carbonetworks Corporation

May 04, 2010 08:01 ET

West Fraser Timber Selects Carbonetworks to Provide Integrated Carbon and Energy Performance Management Solution

SAN FRANCISCO, CALIFORNIA--(Marketwire - May 4, 2010) - Carbonetworks™, the leading provider of performance management software for energy, greenhouse gas (GHG), and sustainability solutions, today announced that West Fraser Timber Co Ltd. (TSE:WFT), one of the largest forest product companies in North America, has selected Carbonetworks after a comprehensive evaluation.

West Fraser embraces environmental excellence as a key element of its strategy and is committed to the continual improvement of their forest practices and manufacturing procedures. The company's Canadian facilities have already reduced emissions by more than 28% since 2000, clearly demonstrating their commitment to environmental stewardship. To date the company has utilized manual processes and spreadsheets to manage energy data, GHG emissions and compliance reporting. In order to mitigate risk, time, and cost, West Fraser desired to leverage a technology solution to help automate these processes. The Carbonetworks solution enables West Fraser to efficiently manage and reduce its energy usage and carbon footprint, transforming Energy, GHG, and Sustainability initiatives into measurable business results. 

"West Fraser manages energy and carbon as a business, which is in alignment with the Carbonetworks Network Philosophy. Carbonetworks stood out from competitors on multiple levels, including the capability to set and monitor reduction goals, model project paybacks and track energy/ghg reduction initiatives across multiple facilities from one central vantage point," said Veikko Paivinen, Financial Manager, Energy and Carbon. "Carbonetworks reputation for customer service and responsiveness was also a significant factor in our decision."

"We are thrilled to partner with an industry leader such as West Fraser," said Michael Meehan, CEO and President of Carbonetworks. "West Fraser has adopted the full cycle of carbon and energy management from basic inventory measurements to compliance reporting to carbon trading – all in the context of financial returns and business value – which will be made more scalable and predictable with the help of Carbonetworks technology."

About West Fraser Timber:
West Fraser is an integrated wood products company producing lumber, wood chips, LVL, MDF, plywood, pulp and newsprint. The Company has operations in western Canada and the southern United States. West Fraser shares trade on the Toronto Stock Exchange under the symbol: "WFT".

About Carbonetworks:
Carbonetworks provides software and services to help companies around the world run their energy, GHG and sustainability initiatives using consolidated corporate scorecards for measuring performance. The company's solutions evaluate energy and carbon inventories and reduction projects, measure their financial returns, and help execute those that optimize the company's business performance and have the highest returns. Carbonetworks has over a decade of experience in the industry and was founded with the goal of enabling companies manage and reduce their impact on the environment while enhancing their bottom line. With nearly 8,000 sites implemented on its platform and hundreds of companies in over 40 countries in its network community, Carbonetworks operates the largest energy and GHG management network in the world. For more information, please visit www.carbonetworks.com.

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