Carlisle Companies Publishes 2023 Corporate Sustainability Report

Rhea-AI Summary

Carlisle Companies (NYSE:CSL) has published its 2023 Corporate Sustainability Report, detailing their progress on sustainability goals through a three-pillar strategy and the Carlisle Operating System. Key achievements include generating over $3.2 billion in revenue from energy-efficient products, which constitutes 70% of the company's revenues. Carlisle also significantly reduced its Scope 1 & 2 emissions by over 21% and Scope 3 emissions by over 12% from the 2021 base year. Additionally, Carlisle surpassed its initial goal of diverting 1 million tons of landfill waste through recycling efforts and has set a new target of 2 million tons by 2030. Further details are available on Carlisle's official website.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Carlisle Companies Incorporated (NYSE:CSL) today published its 2023 Corporate Sustainability Report, highlighting progress toward its sustainability goals through its three-pillar sustainability strategy and culture of continuous improvement fostered through the Carlisle Operating System.

“Carlisle’s steadfast commitment to our sustainability goals is consistent with our core values of continuous improvement and operational excellence,” said Chris Koch, Chair, President and Chief Executive Officer. “The publication of our 2023 Sustainability Report highlights our continued progress on our sustainability mission – to produce products that make buildings more efficient, reduce emissions from our value stream, and manage end of life materials to reduce landfill waste.”

The Carlisle 2023 Corporate Sustainability Report outlines notable accomplishments, which include:

• Manufacturing energy efficient products: In 2023 Carlisle sold over $3.2B worth of products that help buildings achieve LEED certification. This number represents approximately 70% of Company revenue, a testament to energy efficiency as a core tenet of Carlisle’s value proposition.

• Reducing emissions: Carlisle made significant progress against its emissions targets in 2023, with product innovations and operational efficiencies serving as key drivers in achieving emissions reduction goals. In 2023, Carlisle reduced Scope 1 & 2 emissions by over 21% and Scope 3 emissions by over 12% from our 2021 base year.

• Diverting Landfill Waste: In 2023 Carlisle surpassed its initial goal of 1 million tons of waste diverted through recycling initiatives since tracking began. As a result, Carlisle is doubling its commitment to waste reduction, implementing a new waste diversion goal of 2 million tons by 2030.

“Our progress against our three sustainability objectives reached impressive heights in 2023,” said Dave Smith, Vice President of Sustainability and Community Relations. “We manufactured products that have the potential to save our customers $20 billion over the lifetime of those products. We continue to make our factories more efficient as exemplified in our newest LEED Platinum v4 polyiso plant in Sikeston, MO.”

The Carlisle 2023 Corporate Sustainability Report and additional information about the company’s sustainability strategy, objectives, and progress can be found at www.carlisle.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally use words such as “expect,” “foresee,” “anticipate,” “believe,” “project,” “should,” “estimate,” “will,” “plans,” “intends,” “forecast,” and similar expressions, and reflect our expectations concerning the future. Such statements are made based on known events and circumstances at the time of publication and, as such, are subject in the future to unforeseen risks and uncertainties. It is possible that our future performance may differ materially from current expectations expressed in these forward-looking statements, due to a variety of factors such as: increasing price and product/service competition by foreign and domestic competitors, including new entrants; technological developments and changes; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; our mix of products/services; increases in raw material costs that cannot be recovered in product pricing; domestic and foreign governmental and public policy changes including environmental and industry regulations; the ability to meet our goals relating to our intended reduction of greenhouse gas emissions, including our net zero commitments; threats associated with and efforts to combat terrorism; protection and validity of patent and other intellectual property rights; the identification of strategic acquisition targets and our successful completion of any transaction and integration of our strategic acquisitions; our successful completion of strategic dispositions; the cyclical nature of our businesses; the impact of information technology, cybersecurity or data security breaches at our businesses or third parties; the outcome of pending and future litigation and governmental proceedings; the emergence or continuation of widespread health emergencies such as the COVID-19 pandemic, including, for example, expectations regarding their impact on our businesses, including on customer demand, supply chains and distribution systems, production, our ability to maintain appropriate labor levels, our ability to ship products to our customers, our future results, or our full-year financial outlook; and the other factors discussed in the reports we file with or furnish to the Securities and Exchange Commission from time to time.

In addition, such statements could be affected by general industry and market conditions and growth rates, the condition of the financial and credit markets and general domestic and international economic conditions, including inflation and interest rate and currency exchange rate fluctuations. Further, any conflict in the international arena, including the Russian invasion of Ukraine and the war in the Middle East, may adversely affect general market conditions and our future performance. Any forward-looking statement speaks only as of the date on which that statement is made, and we undertake no duty to update any forward-looking statement to reflect events or circumstances, including unanticipated events, after the date on which that statement is made, unless otherwise required by law. New factors emerge from time to time and it is not possible for management to predict all of those factors, nor can it assess the impact of each of those factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.

About Carlisle Companies Incorporated

Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses – Carlisle Construction Materials (“CCM”) and Carlisle Weatherproofing Technologies (“CWT”) – and family of leading brands, Carlisle delivers innovative, labor reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Leveraging its culture of continuous improvement as embodied in the Carlisle Operating System (“COS”), Carlisle has committed to achieving net-zero greenhouse gas emissions by 2050.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240712356018/en/

Christian Nolte

Vice President of Communications

Carlisle Companies Incorporated

(813) 753-6520

cnolte@carlisle.com

Source: Carlisle Companies Incorporated

FAQ

What are the key highlights of Carlisle Companies' 2023 Corporate Sustainability Report?

Carlisle Companies' 2023 report highlights over $3.2 billion in revenue from energy-efficient products, a more than 21% reduction in Scope 1 & 2 emissions, and the surpassing of its initial goal of diverting 1 million tons of landfill waste.

How much revenue did Carlisle Companies generate from energy-efficient products in 2023?

In 2023, Carlisle Companies generated over $3.2 billion from energy-efficient products, representing approximately 70% of the company's total revenue.

What emissions reduction targets did Carlisle Companies achieve in 2023?

In 2023, Carlisle Companies reduced Scope 1 & 2 emissions by over 21% and Scope 3 emissions by over 12% from their 2021 base year.

What are Carlisle Companies' new waste diversion goals?

After surpassing its goal of diverting 1 million tons of waste, Carlisle Companies has set a new goal of diverting 2 million tons by 2030.

Where can I find Carlisle Companies' 2023 Corporate Sustainability Report?

The 2023 Corporate Sustainability Report for Carlisle Companies is available on their official website www.carlisle.com.