Interface Is a Carbon Neutral Enterprise

Rhea-AI Summary

Interface, Inc. (NASDAQ: TILE) has achieved a significant milestone by becoming the first flooring company to be certified as a Carbon Neutral Enterprise across its global operations and product value chain. This certification, verified under the PAS 2060 standard by BSI, highlights Interface's commitment to sustainability and climate action. The company aims to further reduce its carbon emissions and plans to become a carbon negative enterprise by 2040. Interface's innovative practices include using carbon-storing materials in production and a rigorous approach to emissions management.

Positive

• Achieved certification as a Carbon Neutral Enterprise, enhancing brand reputation.
• Plans to become a carbon negative enterprise by 2040, indicating a strong commitment to sustainability.
• Utilized innovative carbon-storing materials, showcasing a proactive approach to reducing carbon emissions.

Negative

• Still relies on verified emissions credits to balance emissions that cannot yet be reduced.

Sustainability Leader Is First in Flooring Industry Certified as a Carbon Neutral Enterprise Across Entire Global Business, Products, and Value Chain

ATLANTA--(BUSINESS WIRE)-- Interface, Inc. (NASDAQ: TILE), a worldwide commercial flooring enterprise and global leader in sustainability, today announced that it is third-party certified as a Carbon Neutral Enterprise. This achievement demonstrates the company’s voluntary and ambitious commitment to climate action.

Interface is a Carbon Neutral Enterprise according to the PAS 2060 standard, the leading international carbon neutrality standard created by the British Standards Institution (BSI).

To achieve this, Interface has transformed its factories, products, and supply chain – including using innovative new carbon storing raw materials – to dramatically reduce its carbon emissions. Today, verified emissions credits are necessary to balance emissions that Interface has not yet been able to reduce. Ultimately, the company intends to balance its carbon impact without them.

"Now everything we do, every aspect of our business, is carbon neutral,” said Laurel Hurd, CEO of Interface. “We have worked tirelessly to radically decarbonize, tapping into our culture of innovation and design, resulting in what we believe are the lowest cradle-to-gate carbon footprint carpet tile products on the market, even before applying offsets.”

Hurd continued, “We are incredibly proud of this achievement, and we’re not stopping here. We will continue to decarbonize even further. Reduce first, keep reducing, and balance what’s left with credible offsets, until those offsets are no longer necessary. That is our way.”

Interface believes in verifying its carbon management plans, as well as emissions and carbon credits, against rigorous, internationally recognized standards. The company’s third-party verifier reviewed this information against PAS 2060 for 2021 to assure the Carbon Neutral Enterprise achievement. Interface plans to conduct an annual review and re-certification to maintain its status.

“To become a carbon negative enterprise by 2040, we must store more carbon than we emit without the use of offsets,” continued Hurd. “Along the way, we continue to transform our own operations and materials, and partner with our suppliers to further reduce Scope 3 emissions. If Interface can do it, every company can. We continue to invite others to join us as we work to reverse global warming and create a climate fit for life.”

Learn more:

• Carbon Neutral Enterprise certification
• Carbon Neutral Floors™ program
• Interface approach to carbon offsets
• Interface overview on carbon

About Interface

Interface, Inc., (NASDAQ: TILE) is a global flooring solutions enterprise with an integrated portfolio of carpet tile and resilient flooring products, where everything is third-party certified carbon neutral. With our design approach to flooring systems, we help our customers create high-performance interior spaces that have a positive impact on people’s lives and the planet. Our range includes Interface® carpet tile and LVT, nora® by Interface rubber flooring, and FLOR® premium area rugs for commercial and residential spaces.

Interface is third-party certified as a Carbon Neutral Enterprise. We neutralized our carbon impact across our entire business, including all operations and our full value chain, marking an important milestone toward our objective to become a restorative and carbon negative enterprise by 2040.

Learn more about Interface at interface.com and blog.interface.com, nora by Interface at nora.com, FLOR at FLOR.com, and our sustainability journey at interface.com/sustainability.

Follow us on Facebook, Instagram, LinkedIn, Twitter, and Pinterest.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements, including, in particular, statements about Interface’s plans, strategies, and prospects. These are based on the Company’s current assumptions, expectations, and projections about future events.

Although Interface believes that the expectations reflected in these forward-looking statements are reasonable, the Company can give no assurance that these expectations will prove to be correct or that savings or other benefits anticipated in the forward-looking statements will be achieved. The forward-looking statements set forth involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including risks and uncertainties associated with the ongoing COVID-19 pandemic, including interruptions to our manufacturing operations and reduced demand for our products, and economic conditions in the commercial interiors industry. Additional risks and uncertainties that may cause actual results to differ materially from those predicted in forward-looking statements also include but are not limited to the risks under the heading “Risk Factors” included in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended January 2, 2022, as supplemented in Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the quarter ended July 3, 2022, which discussions are hereby incorporated by reference. You should also consider any additional or updated information we include under the heading “Risk Factors” in our subsequent annual and quarterly reports.

Forward-looking statements speak only as of the date made. The Company assumes no responsibility to update or revise forward-looking statements and cautions investors not to place undue reliance on any such statements. References and links to websites contained herein are for reference purposes only, and the content of such websites is not a part of this news release or incorporated by reference herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220921005162/en/

Christine Needles

Global Corporate Communications

Christine.Needles@interface.com

+1 404-491-4660

Source: Interface, Inc.

FAQ

What is Interface, Inc.'s recent certification achievement related to carbon neutrality?

Interface, Inc. has been certified as a Carbon Neutral Enterprise, the first in the flooring industry.

What standard did Interface use to achieve its carbon neutrality?

The certification was achieved according to the PAS 2060 standard established by the British Standards Institution (BSI).

What are Interface's future sustainability goals?

Interface aims to become a carbon negative enterprise by 2040.

How does Interface plan to manage its carbon emissions moving forward?

The company will continue to reduce emissions and utilize credible offsets until they are no longer necessary.

What is the stock symbol for Interface, Inc.?

The stock symbol for Interface, Inc. is TILE.