Armstrong World Industries Releases 2023 Sustainability Report

Rhea-AI Summary

Armstrong World Industries, Inc. (NYSE:AWI) released its third annual sustainability report, highlighting 2022 progress towards its 2030 sustainability targets. Key achievements include a 13% reduction in carbon footprint, increase in renewable electricity use to 13% of total usage, and over 100% increase in community organizations supported by its employee giving match program. The report, 'Building A Healthy Tomorrow,' also showcases initiatives such as the development of an energy-saving ceiling system for data centers.

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• AWI has made significant progress in reducing its carbon footprint and increasing renewable electricity use, demonstrating a commitment to sustainability and environmental responsibility.

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• None.

LANCASTER, Pa., July 20, 2023 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, today released its third annual sustainability report highlighting 2022 progress towards the company’s 2030 targets around the three pillars of its sustainability program—Healthy and Circular Products, Healthy Planet, and Thriving People and Communities.

Highlights of AWI’s 2022 sustainability program progress include:

• A reduction in its carbon footprint by 13% from the 2019 baseline
• An increase in renewable electricity use to 13% of total usage as part of the 2030 goal to reach 100%
• An increase in the number of community organizations supported by its employee giving match program of over 100% from 2021 levels
• Continued progress toward a zero-injury safety goal with a 9% reduction in OSHA recordable injuries

AWI President and CEO Vic Grizzle said, “At Armstrong, we remain committed to driving positive change in everything we do. Our sustainability efforts are a testament to our company’s values, and we are proud of our progress over the last year.”

The report, “Building A Healthy Tomorrow,” also showcases several key company initiatives and achievements over the past year. This includes supporting greater building efficiency through the development of an energy-saving ceiling system that combines AWI’s DynaMax^® grid for data centers with AWI’s ULTIMA^® AIRASSURE^® gasketed ceiling.

AWI’s 2023 sustainability report has been prepared in accordance with the GRI Standards, Core option. It is also aligned with the following frameworks and standards: Sustainability Accounting Standards Board (SASB), Construction Materials standards, and the Task Force on Climate-Related Financial Disclosures.

See the full report for more details on Armstrong’s 2022 sustainability progress and performance.

About Armstrong World Industries
Armstrong World Industries, Inc. (AWI) is a leader in the design and manufacture of innovative ceiling and wall system solutions in the Americas. With $1.2 billion in revenue in 2022, AWI has approximately 3,000 employees and a manufacturing network of 16 facilities, plus seven facilities dedicated to its WAVE joint venture.

Contact
Investors & Media: Theresa Womble, tlwomble@armstrongceilings.com or (717) 396-6354

FAQ

What is the company name and ticker symbol mentioned in the press release?

The company mentioned is Armstrong World Industries, Inc. (NYSE:AWI).

What are the key achievements highlighted in the sustainability report?

The key achievements include a 13% reduction in carbon footprint, increase in renewable electricity use to 13% of total usage, and over 100% increase in community organizations supported by its employee giving match program.

What frameworks and standards is the sustainability report aligned with?

The sustainability report is aligned with Sustainability Accounting Standards Board (SASB), Construction Materials standards, and the Task Force on Climate-Related Financial Disclosures.