MasterBrand Releases Inaugural Environmental, Social and Governance (ESG) Report
29 Juni 2023 - 10:05PM
Business Wire
MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”),
the largest residential cabinet manufacturer in North America,
today released the Company’s inaugural Environmental, Social and
Governance (ESG) Report. The report provides an overview of
MasterBrand’s ESG progress in many areas and showcases the ways the
Company is living its mission to be a responsible steward of
resources.
“Being a leader in our industry comes with an even greater
responsibility to do what is right for all stakeholders, including
customers, shareholders, dealers, supply chain partners, our team
members and the communities in which we live and work,” said Dave
Banyard, President and Chief Executive Officer. “In that spirit, we
are proud to share how we continue to honor this commitment with
our inaugural ESG report.”
Key highlights from the report include:
- Sustainable wood sourcing practices, with approximately 80% of
the Company’s 2022 hardwood spend derived from supply originating
in North America and Europe
- Partner to the National Forest Foundation, which leads forest
conservation efforts and promotes responsible forest
recreation
- 44% female executive management team, 33% female board and more
than 37% POC associates in the U.S. exemplifies commitment to
building an inclusive and diverse workforce
- OSHA recordable rate close to 1 for 2022, less than 1/3 of the
industry average (based on 2021 Bureau of Labor Statistics
Industrial Average)
- Separate Chairman and CEO structure with a diverse board, 80%
of which has prior board experience
“We are pleased with our efforts to date, but we know there is
work to be done on our journey to a more sustainable future,”
Banyard continued. “We look forward to the opportunity to further
advance our ESG efforts and leave a legacy of positive
contributions to our industry and those who enjoy the beauty and
functionality of our products.”
The report is available at
https://masterbrand.com/about-us/esg.
About MasterBrand:
MasterBrand, Inc. (NYSE: MBC) is the largest manufacturer of
residential cabinets in North America and offers a comprehensive
portfolio of leading residential cabinetry products for the
kitchen, bathroom and other parts of the home. MasterBrand products
are available in a wide variety of designs, finishes and styles and
span the most attractive categories of the cabinets market: stock,
semi-custom and premium cabinetry. These products are delivered
through an industry-leading distribution network of over 4,500
dealers, major retailers and builders. MasterBrand employs over
13,600 associates across more than 20 manufacturing facilities and
offices. Additional information can be found at
www.masterbrand.com.
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Investor Relations: Investorrelations@masterbrand.com
Media Contact: Media@masterbrand.com
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