President & CEO Message

A MESSAGE FROM DAN FULTON:

At Weyerhaeuser, we live by this simple truth: a single tree won't last forever, but a forest can.

We plant trees. As they grow, we draw upon our long history of forestry expertise to ensure they become strong, straight and healthy. Eventually, we harvest these trees to make all kinds of products that are useful to everyday lives, such as shelter, personal hygiene and energy. After harvest, we replant and begin again for the next generation. In this cycle, we find balance between short-term needs and long-term prosperity.

For us, land and forests inspire our vision: to deliver superior, sustainable solutions for the world. To achieve this vision, we set clear goals in three critical areas — performance, people and planet. We regularly assess our progress, and share it openly with you on this website. Here are a few highlights:

Performance:

Our goal is to be the first choice for our customers and our investors. Our people are focused on safely making money and delivering top-quartile results over the business cycle. We are ready for an economic recovery when it comes, but we are not waiting for it. All our businesses are focused on driving continuous improvement and finding success no matter what market conditions we face. You can listen to our annual presentation to industry analysts to learn more about our business strategies, competitive position and overall financial progress.

People:

The strongest commitment we can make to our people is to achieve our goal of an injury-free workplace. In 2011, we ended the year with a recordable injury rate just under one. To break through to the next level of performance, we zeroed in on four main strategies in 2012: leading with passion, empowering employees, setting clear expectations, and relentlessly recognizing risk. So far this year we're seeing good progress toward reducing injuries, with a recordable incident rate of 0.61 as of May 2012.

Caring about people also means working hard to attract, develop and retain the very best talent. Our retention rate is very high, about 94 percent, and the results of our 2011 employee engagement survey show an overall positive rating of 70 percent. Where we find gaps in our workplace effectiveness, we quickly implement action plans for improvement at the team level.

Nurturing relationships with people who live in communities where we operate is important to us as well. Our employees are especially active in supporting a wide range of causes important to them. In 2011, our people contributed nearly 21,660 volunteer hours and completed more than 135 worthwhile projects through our employee-driven Making WAVES and iWAVE programs.

Planet:

Deep understanding and respect for the environment is written into our DNA at Weyerhaeuser. We take seriously our role as responsible stewards of the land and forest.

In 2011, we made good progress against a number of critical goals. For example, many of our manufacturing facilities achieved triple chain of custody certification. We have also reduced our greenhouse gas emissions by 31 percent from 2000 levels and our water use by 19 percent from 2007 levels. And our timberlands team has developed a plan to measure and report against a comprehensive set of 18 ecosystem services that our forests provide.

Our strategic focus:

In 2010, we launched a new sustainability strategy, which establishes clear 2020 goals and milestone metrics along the way. This set the wheels in motion for us to capitalize on our strengths and close gaps in areas of weakness.

In 2011, we focused on fully integrating sustainability into our systems and processes, developing sustainability training for employees, and continuing to drive progress against well-established targets.

In the coming years, we will work on addressing any gaps in our policies and practices, driving results in new target areas, and engaging employees at all levels of the company to understand their part helping us achieve our long-term sustainability goals.

Thank you for your interest in sustainability at Weyerhaeuser. After you've explored our report, please take a few moments to give us your feedback. We value your input.

Dan Fulton
President and CEO Weyerhaeuser Company