LP Building Solutions Releases 2023 Sustainability Report

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LP Building Solutions releases its 2023 Sustainability Report, highlighting its resilience and commitment to carbon-negative products. The report showcases achievements such as 100% wood fiber sourced through stringent forest certification standards, 80% thermal energy derived from renewable sources, and strong safety performance. LP also emphasizes workforce diversity, community support, and the completion of LP Health and Wellness Centers at 11 facilities.

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LP's focus on resilience and sustainability, along with its carbon-negative products, can positively impact its stock price.
Achievements in renewable energy, safety performance, and community support demonstrate LP's commitment to ESG principles and can enhance investor confidence.

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09/27/2023 - 09:00 AM

Report details LP's resilience and sustainability across its operations and commitment to carbon-negative products

NASHVILLE, Tenn., Sept. 27, 2023 /PRNewswire/ -- LP Building Solutions (LP), a leading manufacturer of high-performance building products, today released its 2023 Sustainability Report detailing the company's environmental, social and governance (ESG) performance. The company's third annual report details how a focus on resilience has helped LP achieve key impact goals across five pillars: Governance, People, Environment, Products and Community.

"Our history has taught us the vital role sustainable building materials play in long-term resilience." –Brad Southern

"Our history has taught us the vital role sustainable building materials play in long-term resilience," said LP Chair and Chief Executive Officer Brad Southern. "By engineering our products for durability, we enable customers to build more resilient homes. By harvesting responsibly, we help promote forest resilience. By building and developing a more diverse, engaged and highly skilled workforce, we build a more resilient and competitive company."

As the 2023 Sustainability Report details, LP's products and manufacturing processes are inherently sustainable. A powerful example of this is the company's carbon-negative products. In 2023, LP completed five environmental product declarations (EPDs) for its Structural Solutions portfolio. Along with LP^® SmartSide^® Trim & Siding, these EPDs demonstrate the carbon negativity of LP products. For builders and homeowners looking for durable and resilient products that also make a positive impact on the planet, LP believes the choice is clear.

Highlights from LP's 2023 Sustainability Report include the following:

Ensured 100% of wood fiber was sourced through stringent forest certification standards
Continued to focus on renewable energy, deriving 80% of all thermal energy used in product manufacturing from renewable sources
Achieved another year of strong safety performance with a world-class total incident rate below 1.0 since 2007, winning four safety awards, and achieving 1 million recordable-free hours for the sixteenth time across its sites
Enhanced workforce diversity and belonging with the introduction of the inclusion training program Building a Better LP
Supported communities through the LP Foundation grant program, reaching 130 nonprofits across the U.S. and Canada, and announced a national partnership with the Gary Sinise Foundation's R.I.S.E. program, which builds mortgage-free, specially adapted smart homes for America's most severely wounded veterans using LP^® SmartSide^® Trim & Siding
Completed its ambitious plan to open LP Health and Wellness Centers at 11 of its facilities, offering free or low-cost health care exclusively to LP team members and their families

To read LP's 2023 Sustainability Report, visit LPCorp.com/Sustainability.

About LP Building Solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood products that meet the demands of builders, remodelers and homeowners worldwide. LP's extensive portfolio of innovative and dependable products includes Siding Solutions (LP^® SmartSide^® Trim & Siding, LP^® SmartSide^® ExpertFinish^® Trim & Siding, LP BuilderSeries^® Lap Siding and LP^® Outdoor Building Solutions™), LP^® Structural Solutions (LP^® TechShield^® Radiant Barrier, LP WeatherLogic^® Air & Water Barrier, LP Legacy^® Premium Sub-Flooring, LP^® FlameBlock^® Fire-Rated Sheathing, LP NovaCore^® Thermal Insulated Sheathing and LP^® TopNotch^® 350 Durable Sub-Flooring) and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes while shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 22 plants across the U.S., Canada, Chile and Brazil. For more information, visit LPCorp.com.