H.B. Fuller Releases 2022 Sustainability Report

Rhea-AI Summary

H.B. Fuller Company (NYSE: FUL) has made significant progress towards its 2025 sustainability targets, reporting ahead of schedule achievements in reducing energy, greenhouse gas emissions, waste, and water intensity. The company's 2022 Sustainability Report highlights strong performance and recognition for responsible operations, as well as advancements in digital platforms, sustainable innovations, diversity and inclusion, and community enrichment.

Positive

• H.B. Fuller has made significant progress towards its 2025 sustainability targets, positioning the company to meet its goals.
• The company reported ahead of schedule achievements in reducing energy, greenhouse gas emissions, waste, and water intensity.
• Strong performance and recognition for responsible operations have been acknowledged by leading organizations.
• Advancements in digital platforms, sustainable innovations, diversity and inclusion, and community enrichment have been highlighted in the report.

Negative

• None.

Company reports steady progress toward its 2025 sustainability targets

ST. PAUL, Minn.--(BUSINESS WIRE)-- H.B. Fuller Company (NYSE: FUL), a leading global adhesives provider, released today its Sustainability Report outlining the company’s 2022 performance and progress toward achieving its environmental, social, and governance (ESG) vision and targets.

H.B. Fuller has just published its Sustainability Report, outlining the company’s progress toward achieving its ESG targets. (Photo: Business Wire)

By 2025, H.B. Fuller expects to reduce energy and greenhouse gas (GHG) emissions intensity by 20% and waste and water intensity by 10% compared to the base year of 2014. At the end of 2022, the company reported steady progress toward its four primary targets; is ahead of schedule in delivering its water withdrawal and waste metric targets; and is close to reaching its GHG goal.

“In 2022, our company was recognized by several leading organizations for our commitment to operating responsibly across our extensive global network of manufacturing locations,” said H.B. Fuller President and CEO Celeste Mastin. “Our reach goes far beyond our own operations. In fact, over 50% of our new product pipeline is focused on solutions that allow customers to drive positive change by enabling sustainability in their products.”

Highlights from this year's report include:

• Delivered strong performance, positioning the company to meet its 2025 sustainability goals
• Published Scope 3 GHG emissions for the first time and advanced Life Cycle Assessments (LCA) related to product footprint and climate change
• Implemented a new digital platform across more than 100 sites around the world for collection, analysis, and reporting of sustainability data in real-time
• Launched numerous technologies enabling sustainable customer innovations across a wide range of end markets, including electric vehicles, woodworking, technical textile, packaging, hygiene, and energy efficient buildings
• Created a new “Talent Up” program for Operations and enhanced H.B. Fuller’s culture of diversity and inclusion through expanded Employee Network Groups and 44% female representation on H.B. Fuller’s Board of Directors
• Donated $1.3 million to communities and increased employee volunteerism, partnerships and corporate social responsibility programs to enrich communities in 26 countries

H.B. Fuller continues to reference the United Nations Sustainable Development Goals (UN SDGs) and align its disclosures to the industry-leading Global Reporting Initiative (GRI) standards and the Sustainability Accounting Standards Board (SASB).

Learn more about sustainability at H.B. Fuller and access the 2022 Sustainability Report here.

About H.B. Fuller:

Since 1887, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives and sealants to improve products and lives. With fiscal 2022 net revenue of $3.75 billion, H.B. Fuller’s commitment to innovation and sustainable adhesive solutions brings together people, products and processes that answer and solve some of the world's biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in electronics, disposable hygiene, medical, transportation, aerospace, clean energy, packaging, construction, woodworking, general industries and other consumer businesses. And, our promise to our people connects them with opportunities to innovate and thrive. Learn more: www.hbfuller.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230720632910/en/

Estela Viegas

Corporate PR

estela.viegas@hbfuller.com

+351 931 731 437

Source: H.B. Fuller Company

FAQ

What are H.B. Fuller's 2025 sustainability targets?

H.B. Fuller aims to reduce energy and greenhouse gas emissions intensity by 20% and waste and water intensity by 10% compared to the base year of 2014.

What are the key highlights of H.B. Fuller's 2022 Sustainability Report?

The report highlights strong performance, recognition for responsible operations, advancements in digital platforms, sustainable innovations, diversity and inclusion, and community enrichment.

How does H.B. Fuller align its disclosures?

H.B. Fuller references the United Nations Sustainable Development Goals (UN SDGs) and aligns its disclosures to the industry-leading Global Reporting Initiative (GRI) standards and the Sustainability Accounting Standards Board (SASB).