Latham Shares 2023 Environmental, Social And Governance Report
05 Dezember 2024 - 7:02PM
Latham Group, Inc. [NASDAQ:SWIM], the largest designer,
manufacturer and marketer of in-ground residential swimming pools
in North America, Australia and New Zealand, has published its 2023
Environmental, Social and Governance (ESG) Report. The report
highlights the company’s substantial progress in a number of ESG
areas, including refinement of its greenhouse gas emissions
baseline, waste reduction, improved energy efficiency, improvements
in employee retention and safety and continued enhancements to its
robust governance framework.
“We are proud to share the progress outlined in our
2023 ESG report, which reflects our commitments across the
environmental, social and governance categories,” said Scott
Rajeski, President and CEO of Latham Pools. “From building on our
capability to measure greenhouse gas emissions and cutting waste in
our production processes, to fostering a more inclusive and safer
workplace, these achievements are a testament to the adoption of
ESG into the Latham culture.”
EnvironmentalOn the environmental
front, Latham measured its annual greenhouse gas emissions for FY23
to assess the year-over-year changes in its footprint and identify
areas for further improvement. Further, Latham achieved a 50%
reduction in waste from fiberglass pool production compared to
2022. The company recycled thousands of tons of materials,
including scrap vinyl, galvanized steel and aluminum. The company
also expanded the use of more energy-efficient LED lighting to
nearly half of its fiberglass facilities. Additionally, innovative
measures such as adopting acetone alternatives and extending the
implementation of Regenerative Thermal Oxidizer (RTO) technology to
reduce emissions have further minimized Latham’s environmental
impact.
SocialIn the social sphere, Latham
focused on its most valuable asset — its people. Providing a safe
work environment for employees remained an imperative as
demonstrated by Latham’s continued capital investment in safety
measures in its facilities and expanded safety training program.
These initiatives produced meaningful results. The company saw a
substantial reduction in safety incidents in 2023. In addition, by
expanding employee assistance programs and enhancing mental health
resources, the company strengthened its culture of care. Latham
also achieved a 45% reduction in employee turnover since 2021,
reflecting its commitment to creating a supportive and engaging
work environment. Diversity and inclusion remained a key priority,
with 20% of Latham’s U.S. workforce representing underrepresented
minorities.
GovernanceGovernance excellence
continued to be a cornerstone of Latham’s strategy. Latham updated
its Code of Conduct and Human Rights Policy, making them publicly
accessible for greater transparency and 100% of its employees
completed ethics and compliance training. ESG oversight was
strengthened through the Nominating and Corporate Governance
Committee (NCGC) of Latham’s Board of Directors, which regularly
reviewed progress and provided guidance to management. Board
diversity remained a priority, which helped to ensure a wide range
of perspectives in decision-making. These initiatives reflect
Latham’s dedication to fostering accountability, ethical practices
and robust governance standards.
“Our 2023 ESG Report tells a powerful story of
progress,” noted Rajeski. “As a team, we look forward to continuing
our journey of continuous improvement and remain committed to
leading by example for the entire industry.”
For more information about Latham, visit
LathamPool.com.
About Latham, the Pool
CompanyHeadquartered in Latham, NY, Latham Group, Inc., is
the largest designer, manufacturer, and marketer of in-ground
residential swimming pools and pool accessories in North America,
Australia, and New Zealand. With over 60 years of experience and a
coast-to-coast operations platform across 24 locations, the company
offers a broad range of pool products, including fiberglass, vinyl
liner, and automatic safety covers, all designed to provide
homeowners with the highest quality and value. For more
information, visit www.lathampool.com.
Contact: Abigail Cox or Paige AllbrightL.C.
Williams & Associates 800/837-7123 or 312/565-3900acox@lcwa.com
or pallbright@lcwa.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4036fdcd-4288-4fd8-9939-e921edf9f881
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