Climate Change Data

Wabash National Corporation

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:73,792 metric tons CO2e (Scope 1 & 2)
Scope 1 Emissions:31,785 tCO2e
Scope 2 Emissions:42,007 tCO2e
Renewable Energy Share:0.00%
Total Energy Consumption:41,070,689 GJ
Water Consumption:131,300,000 gallons
Waste Generated:70.7 tons
Carbon Intensity:29.1 metric tons of CO2e per million dollars in consolidated net sales

ESG Focus Areas

  • Climate Change
  • Safety
  • Quality
  • Environmental Stewardship
  • Employee Experience
  • Diversity and Inclusion
  • Governance
  • Ethics and Compliance

Environmental Achievements

  • Reduced Scope 1 and Scope 2 GHG emissions compared to 2022.
  • Reduced energy consumption through equipment upgrades, saving up to half a million kilowatt-hours of electricity per year and reducing GHG emissions by up to 230 metric tons per year.
  • Improved recycling metrics on a per-unit-shipped basis.
  • Diverted the equivalent of more than 1.86 billion plastic bottles from landfills, including 127 million bottles in 2023 through the use of PCR in DuraPlate.

Social Achievements

  • Improved TRIR, Lost Time, and DART measures and zero employee or contractor fatalities.
  • Over 144,000 training hours completed by employees in 2023.
  • Launched Team Incentive Plan (TIP) rewarding hourly workforce.
  • Hosted a ribbon cutting for redesigned Lafayette, Indiana, South Plant, representing the largest investment in manufacturing operations.

Governance Achievements

  • Updated environmental, health, and safety policy.
  • Implemented a new EOHSS software platform to improve tracking of environmental metrics.
  • Adopted the company’s first compensation clawback policy.
  • Conducted annual review for potential conflicts of interest, providing training to all salaried employees.

Climate Goals & Targets

Environmental Challenges

  • Potential for disruption of traditional transportation equipment designs by alternative methods of powering vehicles.
  • Supply chain disruptions due to variations in cost and availability of raw materials.
Mitigation Strategies
  • Investing in research and development of equipment that can offer zero-emission refrigerated transport.
  • Leveraging proprietary composite materials to differentiate products in the emerging landscape of alternative-powered vehicles.
  • Using sourcing and stocking strategies to mitigate potential supply chain risks.

Supply Chain Management

Responsible Procurement
  • Supplier audit process assessing system capabilities and compliance with Wabash requirements.
  • Packaging Manual outlining expectations for recyclable materials and responsible waste disposal.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Disruption from alternative-powered vehicles
  • Increased regulations and mandates
Opportunities
  • Leveraging lightweight technology for alternative-powered vehicles.

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: ISO 14001, ISO 9001

Sustainable Products & Innovation

  • DuraPlate composite technology
  • EcoNex Technology
  • Lightweight trailers

Awards & Recognition

  • Newsweek’s America’s Most Responsible Companies (2024)
  • Newsweek’s America’s Greatest Workplaces for Job Starters (2023)
  • Forbes America's Most Successful Small-Cap Companies (2024, 2023)