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MasterBrand Releases Annual Corporate Sustainability and Responsibility (CSR) Report

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MasterBrand, Inc. (NYSE: MBC), North America's largest residential cabinet manufacturer, has released its annual Corporate Sustainability and Responsibility (CSR) Report. The report highlights the company's progress in sustainability, resource stewardship, associate well-being, and corporate governance.

Key accomplishments in 2023 include:

  • Conducting baseline water consumption assessments in manufacturing plants
  • Achieving 90%+ landfill avoidance rates at five facilities
  • Improving OSHA recordable rate to below 1, 74% better than industry average
  • Adding two new Board members to enhance diversity and expertise
  • Creating a Policy Review Committee for compliance program development

CEO Dave Banyard emphasized MasterBrand's commitment to high standards and continuous improvement in corporate responsibility.

MasterBrand, Inc. (NYSE: MBC), il più grande produttore di armadi residenziali in Nord America, ha pubblicato il suo annuale Rapporto sulla Sostenibilità e Responsabilità Aziendale (CSR). Il rapporto evidenzia i progressi dell'azienda in materia di sostenibilità, gestione delle risorse, benessere dei collaboratori e governance aziendale.

I principali risultati del 2023 includono:

  • Realizzazione di valutazioni di consumo d'acqua di base negli stabilimenti di produzione
  • Raggiunta di oltre il 90% di evitamento delle discariche in cinque impianti
  • Miglioramento del tasso di registrazione OSHA a sotto 1, con una riduzione del 74% rispetto alla media del settore
  • Aggiunta di due nuovi membri nel Consiglio per migliorare la diversità e le competenze
  • Creazione di un Comitato di Revisione delle Politiche per lo sviluppo del programma di conformità

Il CEO Dave Banyard ha sottolineato l'impegno di MasterBrand verso standard elevati e un continuo miglioramento nella responsabilità aziendale.

MasterBrand, Inc. (NYSE: MBC), el mayor fabricante de gabinetes residenciales de América del Norte, ha publicado su Informe Anual de Sostenibilidad y Responsabilidad Corporativa (CSR). El informe destaca los avances de la empresa en sostenibilidad, gestión de recursos, bienestar de los asociados y gobernanza corporativa.

Los logros clave de 2023 incluyen:

  • Realización de evaluaciones de consumo de agua de referencia en las plantas de fabricación
  • Logro de tasas de evitación de desechos del 90% o más en cinco instalaciones
  • Mejora de la tasa de registros OSHA por debajo de 1, un 74% mejor que el promedio del sector
  • Incorporación de dos nuevos miembros a la Junta para enriquecer la diversidad y la experiencia
  • Creación de un Comité de Revisión de Políticas para el desarrollo del programa de cumplimiento

El CEO Dave Banyard enfatizó el compromiso de MasterBrand con altos estándares y mejora continua en la responsabilidad corporativa.

MasterBrand, Inc. (NYSE: MBC), 북미 최대의 주거용 캐비닛 제조업체가 연간 기업 지속 가능성 및 책임 (CSR) 보고서를 발표했습니다. 이 보고서는 지속 가능성, 자원 관리, 직원 복지 및 기업 거버넌스에서 회사의 진행 상황을 강조합니다.

2023년 주요 성과는 다음과 같습니다:

  • 제조 공장에서의 물 소비 기초 평가 실시
  • 5개 시설에서 90% 이상의 폐기물 회피율 달성
  • 산업 평균보다 74% 향상된 1 이하의 OSHA 기록율 개선
  • 다양성과 전문성을 높이기 위해 이사회에 신규 구성원 2명 추가
  • 준수 프로그램 개발을 위한 정책 검토 위원회 생성

CEO Dave Banyard는 MasterBrand가 높은 기준에 대한 헌신과 기업 책임의 지속적인 개선을 강조했습니다.

MasterBrand, Inc. (NYSE: MBC), le plus grand fabricant de meubles de cuisine résidentiels en Amérique du Nord, a publié son Rapport Annuel sur la Durabilité et la Responsabilité Sociétale des Entreprises (RSE). Le rapport met en avant les progrès de l'entreprise en matière de durabilité, de gestion des ressources, de bien-être des employés et de gouvernance d'entreprise.

Les principales réalisations de 2023 comprennent :

  • Réalisation d'évaluations de base de la consommation d'eau dans les usines de fabrication
  • Atteinte de taux d'évitement des décharges de plus de 90 % dans cinq installations
  • Amélioration du taux d'enregistrement OSHA à moins de 1, 74 % mieux que la moyenne de l'industrie
  • Ajout de deux nouveaux membres au Conseil d'Administration pour renforcer la diversité et l'expertise
  • Création d'un Comité de Révision des Politiques pour le développement du programme de conformité

Le PDG Dave Banyard a souligné l'engagement de MasterBrand envers des normes élevées et une amélioration continue en matière de responsabilité sociétale des entreprises.

MasterBrand, Inc. (NYSE: MBC), der größte Hersteller von Wohnschränken in Nordamerika, hat seinen jährlichen Bericht über Nachhaltigkeit und Unternehmensverantwortung (CSR) veröffentlicht. Der Bericht hebt die Fortschritte des Unternehmens in den Bereichen Nachhaltigkeit, Ressourcenverantwortung, Wohlbefinden der Mitarbeiter und Unternehmensführung hervor.

Zu den wichtigsten Errungenschaften im Jahr 2023 gehören:

  • Durchführung von Grundlinienbewertungen zum Wasserverbrauch in den Produktionsstätten
  • Erreichung einer Vermeidungsquote von über 90 % an fünf Standorten
  • Verbesserung der OSHA-Aufzeichnungsrate auf unter 1, was 74 % besser ist als der Branchendurchschnitt
  • Ergänzung des Vorstands um zwei neue Mitglieder zur Förderung von Vielfalt und Fachkompetenz
  • Einrichtung eines Ausschusses zur Überprüfung von Richtlinien zur Entwicklung des Compliance-Programms

CEO Dave Banyard betonte das Engagement von MasterBrand für hohe Standards und kontinuierliche Verbesserungen in der Unternehmensverantwortung.

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BEACHWOOD, Ohio--(BUSINESS WIRE)-- MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today released the Company’s annual Corporate Sustainability and Responsibility (CSR) Report. This report marks the second year the Company provided an overview of MasterBrand’s progress in many areas of sustainability and responsibility, including stewardship of its resources, the well-being of associates and an industry-leading corporate governance structure.

“As a leader in our industry, we believe we have a responsibility to hold ourselves to a high standard. To that end, we are pleased to share an update on the meaningful progress we made in 2023 across our organization,” said Dave Banyard, President and Chief Executive Officer. “I appreciate all our associates’ hard work this past year and am excited by what we can achieve as we continue Building Great Experiences Together.”

Key 2023 accomplishments include:

  • Conducted baseline water consumption assessments in our manufacturing plants to support tracking of ongoing water conservation efforts
  • Achieved landfill avoidance rates of at least 90% at five MasterBrand facilities
  • Improved OSHA recordable rate to below 1 for 2023, 74% better than the industry average (based on 2022 Bureau of Labor Statistics Industrial Average)
  • Recognized as one of America’s Safest Companies by EHS Today
  • Added two new members to the Board of Directors, Patrick Shannon and Catherine Courage, enhancing our Board’s diverse range of industry experience and business expertise
  • Created a Policy Review Committee to support further development of our compliance program.

“With the support of our stakeholders, we remain committed to pursuing the best practices in corporate responsibility,” Banyard continued. “We look forward to sharing further updates on our journey and thank you for your continued trust in MasterBrand.

The report is available at https://masterbrand.com/about-us/csr.

About MasterBrand:

MasterBrand, Inc. (NYSE: MBC) is the largest manufacturer of residential cabinets in North America and offers a comprehensive portfolio of leading residential cabinetry products for the kitchen, bathroom and other parts of the home. MasterBrand products are available in a wide variety of designs, finishes and styles and span the most attractive categories of the cabinets market: stock, semi-custom and premium cabinetry. These products are delivered through an industry-leading distribution network of over 6,000 dealers, major retailers and builders. MasterBrand employs over 13,000 associates across more than 20 manufacturing facilities and offices. Additional information can be found at www.masterbrand.com.

Investor Relations:

Investorrelations@masterbrand.com

Media Contact:

Media@masterbrand.com

Source: MasterBrand, Inc.

FAQ

What are the key achievements in MasterBrand's (MBC) 2023 CSR Report?

MasterBrand's 2023 CSR Report highlights achievements including baseline water consumption assessments, 90%+ landfill avoidance rates at five facilities, improved OSHA recordable rate below 1, addition of two new Board members, and creation of a Policy Review Committee.

How does MasterBrand's (MBC) 2023 safety record compare to the industry average?

MasterBrand's OSHA recordable rate improved to below 1 for 2023, which is 74% better than the industry average based on 2022 Bureau of Labor Statistics Industrial Average.

What changes were made to MasterBrand's (MBC) Board of Directors in 2023?

MasterBrand added two new members to its Board of Directors in 2023: Patrick Shannon and Catherine Courage, enhancing the Board's diverse range of industry experience and business expertise.

What environmental initiatives did MasterBrand (MBC) undertake in 2023?

In 2023, MasterBrand conducted baseline water consumption assessments in manufacturing plants to support water conservation efforts and achieved landfill avoidance rates of at least 90% at five facilities.

How is MasterBrand (MBC) improving its corporate governance?

MasterBrand is improving corporate governance by adding diverse Board members, creating a Policy Review Committee to support compliance program development, and maintaining an industry-leading corporate governance structure.

MasterBrand, Inc.

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Furnishings, Fixtures & Appliances
Wood Household Furniture, (no Upholstered)
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