STOCK TITAN

Ethan Allen Recognized for Sustainable Wood Sourcing

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

Ethan Allen has been recognized by the Sustainable Furnishings Council (SFC) and the National Wildlife Federation (NWF) for its sustainable wood-sourcing practices, earning the 'Most Improved' designation for 2024. The company primarily uses certified sustainable wood in its furniture manufacturing and implements efficient recycling practices at its Vermont facility, where wood chips and sawdust are converted into power for kilns and electricity generation.

The company is also Verified Sustainable by Appalachian Hardwood Manufacturers Inc. (AHMI), confirming its responsible sourcing from Appalachian forests. CEO Farooq Kathwari emphasized the company's ongoing commitment to sustainable operations and manufacturing.

Ethan Allen è stato riconosciuto dal Sustainable Furnishings Council (SFC) e dalla National Wildlife Federation (NWF) per le sue pratiche di approvvigionamento sostenibile del legno, guadagnando il riconoscimento 'Most Improved' per il 2024. L'azienda utilizza principalmente legno certificato sostenibile nella sua produzione di mobili e implementa pratiche di riciclaggio efficienti presso il suo stabilimento nel Vermont, dove trucioli e segatura vengono trasformati in energia per forni e generazione elettrica.

L'azienda è anche Verificata Sostenibile da Appalachian Hardwood Manufacturers Inc. (AHMI), confermando il suo approvvigionamento responsabile dalle foreste appalachiane. Il CEO Farooq Kathwari ha sottolineato l'impegno continuo dell'azienda verso operazioni e produzioni sostenibili.

Ethan Allen ha sido reconocido por el Sustainable Furnishings Council (SFC) y la National Wildlife Federation (NWF) por sus prácticas de abastecimiento de madera sostenible, obteniendo la designación de 'Most Improved' para 2024. La compañía utiliza principalmente madera certificada sostenible en la fabricación de muebles e implementa prácticas de reciclaje eficientes en su planta de Vermont, donde astillas de madera y aserrín se convierten en energía para hornos y generación eléctrica.

La empresa también está Verificada como Sostenible por Appalachian Hardwood Manufacturers Inc. (AHMI), confirmando su abastecimiento responsable de los bosques appalachianos. El CEO Farooq Kathwari enfatizó el compromiso continuo de la empresa con las operaciones y la fabricación sostenibles.

이탄 앨런지속 가능한 가구 위원회 (SFC)전국 야생 동물 연맹 (NWF)으로부터 지속 가능한 목재 조달 관행으로 인정받아 2024년 '가장 개선된' 지정을 받았습니다. 이 회사는 주로 인증된 지속 가능한 목재를 가구 제조에 사용하며, 버몬트 시설에서 목재 칩과 톱밥을 가마와 전기 생성용 에너지로 전환하는 효율적인 재활용 관행을 구현하고 있습니다.

이 회사는 또한 Appalachian Hardwood Manufacturers Inc. (AHMI)로부터 지속 가능한 인증을 받았으며, Appalachian 산림에서의 책임 있는 조달을 확인했습니다. CEO인 Farooq Kathwari는 지속 가능한 운영 및 제조에 대한 회사의 지속적인 헌신을 강조했습니다.

Ethan Allen a été reconnu par le Sustainable Furnishings Council (SFC) et la National Wildlife Federation (NWF) pour ses pratiques d'approvisionnement en bois durable, obtenant la désignation 'Most Improved' pour 2024. L'entreprise utilise principalement du bois durable certifié dans la fabrication de meubles et met en œuvre des pratiques de recyclage efficaces dans son usine du Vermont, où les copeaux de bois et la sciure sont convertis en énergie pour les fours et la génération d'électricité.

L'entreprise est également Vérifiée Durable par Appalachian Hardwood Manufacturers Inc. (AHMI), confirmant sa responsabilité en matière d'approvisionnement provenant des forêts des Appalaches. Le PDG Farooq Kathwari a souligné l'engagement continu de l'entreprise en faveur d'opérations et de fabrications durables.

Ethan Allen wurde vom Sustainable Furnishings Council (SFC) und der National Wildlife Federation (NWF) für seine nachhaltigen Holzbeschaffungspraktiken anerkannt und erhielt die Auszeichnung 'Most Improved' für 2024. Das Unternehmen verwendet hauptsächlich zertifiziert nachhaltiges Holz in der Möbelproduktion und setzt in seinem Werk in Vermont effiziente Recyclingpraktiken um, bei denen Holzspäne und Sägemehl in Energie für Öfen und zur Stromerzeugung umgewandelt werden.

Das Unternehmen ist außerdem von Appalachian Hardwood Manufacturers Inc. (AHMI) als verifiziert nachhaltig eingestuft, was die verantwortungsvolle Beschaffung aus den Appalachen-Wäldern bestätigt. CEO Farooq Kathwari betonte das kontinuierliche Engagement des Unternehmens für nachhaltige Betriebsabläufe und Fertigung.

Positive
  • None.
Negative
  • None.

DANBURY, CT, Nov. 13, 2024 (GLOBE NEWSWIRE) -- The Sustainable Furnishings Council (SFC) and the National Wildlife Federation (NWF) recognized Ethan Allen for its wood-sourcing policies and commitment to sustainable wood used to make the furniture they sell. Ethan Allen was awarded the designation of “Most Improved” for 2024, which is given to only one furniture retailer per year.

The majority of wood sourced by Ethan Allen in its furniture manufacturing is comprised of certified sustainable wood. At its Vermont case goods plant, the company also recycles wood chips and sawdust generated during manufacturing, using the recycled biomass to power wood-drying kilns and cogenerate electricity.

“Ethan Allen has a long-standing commitment to sustainable operations and manufacturing, and this recognition reaffirms our commitment to responsible wood sourcing,” stated Farooq Kathwari, Ethan Allen’s Chairman, President and CEO. “We commend the SFC and NWF’s mission to educate the industry on responsible practices and to increase consumer awareness, so customers can weigh a company’s environmental commitment when they make purchasing decisions.”

Ethan Allen is also Verified Sustainable by Appalachian Hardwood Manufacturers Inc. (AHMI), a recognition that the company sources wood from responsibly managed Appalachian forests. For additional information about the company’s wood sourcing policy, refer to its Investor Relations website at https://ir.ethanallen.com/esg/esg-responsibility.

ABOUT ETHAN ALLEN

Ethan Allen (NYSE:ETD), recently named America's #1 Premium Furniture Retailer by Newsweek, is a leading interior design destination combining state-of-the-art technology with personal service. Our design centers, which represent a mix of Company-operated and independent licensee locations, offer complimentary interior design service and sell a full range of home furnishings, including custom furniture and artisan-crafted accents for every room in the home. Vertically integrated from product design through logistics, we manufacture about 75% of our custom-crafted furniture in our North American manufacturing facilities and have been recognized for product quality and craftsmanship since 1932. Learn more at www.ethanallen.com and follow us on Facebook, Instagram, and LinkedIn. 

Investor Relations Contact:

Matt McNulty
Senior Vice President, Chief Financial Officer and Treasurer
IR@ethanallen.com

Attachment


FAQ

What sustainability award did Ethan Allen (ETD) receive in 2024?

Ethan Allen received the 'Most Improved' designation for 2024 from the Sustainable Furnishings Council and National Wildlife Federation for its sustainable wood-sourcing practices.

How does Ethan Allen (ETD) recycle wood waste at its Vermont facility?

At its Vermont case goods plant, Ethan Allen recycles wood chips and sawdust from manufacturing to power wood-drying kilns and cogenerate electricity.

What sustainable wood certification does Ethan Allen (ETD) have?

Ethan Allen is Verified Sustainable by Appalachian Hardwood Manufacturers Inc. (AHMI), confirming they source wood from responsibly managed Appalachian forests.

What percentage of Ethan Allen's (ETD) wood sourcing is sustainable?

According to the press release, the majority of wood sourced by Ethan Allen in its furniture manufacturing is comprised of certified sustainable wood.

Ethan Allen Interiors Inc

NYSE:ETD

ETD Rankings

ETD Latest News

ETD Stock Data

744.91M
25.42M
10.13%
80.08%
10.9%
Furnishings, Fixtures & Appliances
Wood Household Furniture, (no Upholstered)
Link
United States of America
DANBURY