UFP Industries, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:176,977 mtons CO2e (Scope 1+2)
Scope 1 Emissions:88,209 mtons CO2e
Scope 2 Emissions:88,768 mtons CO2e
Water Consumption:530 million gallons
Waste Generated:95,684 tons (non-hazardous)
ESG Focus Areas
- Environmental Sustainability
- Culture
- Governance
Environmental Achievements
- Two renewable energy (solar) installations in the United States.
- 0% wastewater discharge from treating plants.
- Recycling of wood dust exceeding 25,000 tons per year.
- Use of up to 95% reclaimed and recycled materials in Deckorators composite decking.
Social Achievements
- 68,016 training hours for employees in 2023.
- Low, industry-leading accident frequency rate.
- Implementation of programs to support diverse and low-income job candidates.
- Annual Plant Review, Employee Relations Evaluation, and All-Employee Survey to measure employee engagement.
Governance Achievements
- Alignment of systems to NIST 800-53 cybersecurity standard.
- Implementation of a robust governance structure with independent director-led committees.
- Strong shareholder engagement process and shareholder proxy access.
Climate Goals & Targets
Environmental Challenges
- Limited data in certain areas of operations, including recent acquisitions.
- Climate change may alter productivity of forests and create physical and regulatory risks.
Mitigation Strategies
- Making reasonable, conservative assumptions for data-limited areas.
- Regularly evaluating ways to improve operational efficiencies and identify direct and indirect environmental impacts.
- Monitoring changing regulatory requirements and other impacts to the business.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Changing temperature and precipitation patterns
- Changes in fire frequency and intensity
- Desertification
Transition Risks
- Regulatory changes
- Disruptions in supply chain
- Barriers to market due to political and regulatory changes
Reporting Standards
Frameworks Used: SASB, TCFD
Certifications: FSC-C004179 Chain of Custody Certification, SCSCOC-001831
Sustainable Products & Innovation
- Deckorators composite decking
- Mineral-based composite decking