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)