Key initiatives drive progress toward long-term ESG goals
CHARLOTTE, N.C., Aug. 1, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE:JELD) today released its 2023 Environmental, Social and Governance (ESG) report. The report highlights the company's ESG initiatives and progress toward its 2050 sustainability goals during the 2023 reporting year.
"Our sustainability work touches all areas of our transformation efforts," said JELD-WEN CEO William J. Christensen. "We are working hard to improve our culture, drive better financial performance and, using our history of sustainability as a guide, building a blueprint for environmental stewardship across the company. Our ESG goals directly impact all three and I am proud of our efforts toward achieving our goals."
In 2022, JELD-WEN set four long-term ESG goals aimed at significantly reducing its operational environmental impact and supporting the reduction of consumer energy use.
Initiatives around the globe are advancing our sustainability goals:
Net zero greenhouse gas emissions (Scope 1 and Scope 2)
- Five facilities in Europe purchased 100% of their energy from renewable sources1.
Zero manufacturing waste to landfill
- Our Pottsville, Pennsylvania, site reduced waste to landfill by 56% between June and December 2023 by finding pathways to recycle more material waste.
100% recycled or sustainably harvested materials
- In Denmark, our Swedoor brand started a new recycling project to test the potential of reusing doors from public buildings – advancing circularity and keeping the doors out of the landfill.
100% global sourcing of sustainable or certified wood
- 35% of our global wood sourcing is sustainable or certified wood – a 24% improvement over the 2021 baseline2.
"Our commitment to sustainability is not just a goal; it's a promise we uphold with every action we take," said Farsad Fotouhi, vice president of global ESG. "By minimizing our environmental impact, we are fostering a world where prosperity and planetary wellbeing are harmonized."
The JELD-WEN ESG report aligns with ESG best practice reporting frameworks and industry standards such as the Sustainability Accounting Standards Board (SASB), "Building Products & Furnishings," the Revised Global Reporting Initiative (GRI) Standards (2021) and the Task Force on Climate-related Financial Disclosures (TCFD).
Read the full 2023 ESG report here.
About JELD-WEN Holding, Inc.
JELD-WEN Holding, Inc. (NYSE:JELD) is a leading global designer, manufacturer and distributor of high-performance interior and exterior doors, windows, and related building products serving the new construction and repair and remodeling sectors. Based in Charlotte, North Carolina, JELD-WEN operates facilities in 15 countries in North America and Europe and employs approximately 18,000 associates dedicated to bringing beauty and security to the spaces that touch our lives. The JELD-WEN family of brands includes JELD-WEN® worldwide, LaCantina® and VPI™ in North America, and Swedoor® and DANA® in Europe. For more information, visit corporate.JELD-WEN.com or follow us on LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our business strategies and related business and stakeholder impacts and our ability to execute on our plans, initiatives, projections, goals, and commitments. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "likely," "may," "plan," "possible," "potential," "predict," "project," "should," "target," "will," "would" and, in each case, their negative or other various or comparable terminology. These statements involve risks and uncertainties that could cause actual results to differ materially. For a discussion of these risks and uncertainties, please refer to our Annual Report on Form 10-K for the year ended December 31, 2023 and our other filings with the U.S. Securities and Exchange Commission.
Media Contact:
JELD-WEN Holding, Inc.
Caryn Klebba
Head of Global Public Relations
704-807-1275
[email protected]
Investor Relations Contact:
James Armstrong
Vice President, Investor Relations
704-378-5731
[email protected]
1 Two facilities purchased grid electricity for the first two months of 2023.
2 2021 North America wood data is from four of our largest wood vendors. 2022 North America wood data includes an additional four wood vendors totaling to eight. 2023 North America wood data is from 11 of our largest wood vendors and several mill vendors.
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SOURCE JELD-WEN Holding, Inc.