Compass Diversified Holdings
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:75,475 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:48,321 tCO2e/year
Scope 2 Emissions:27,154 tCO2e/year
Scope 3 Emissions:483 tCO2e/year
ESG Focus Areas
- Governance
- Climate action
- Diversity and inclusion
- Attracting and retaining world-class talent
- Supporting health and well-being
Environmental Achievements
- 100% of Subsidiaries reported their Scope 1 and 2 data
- Sterno's Texarkana facility diverted nearly 95% of its waste from landfills
- PrimaLoft® P.U.R.E.™ manufacturing technology cut carbon emissions by 82%
- PrimaLoft reduced carbon emissions by 72% using recycled polyester
- BOA used 31% less plastic and reduced production waste by 50% versus its 2018 baseline
- Marucci recycled an estimated 6,000 aluminum bats
Social Achievements
- Strategic acquisition of The Honey Pot Company, a Black-founded feminine care brand
- 95% retention rate over the past five years at CGM
- 76% of employees participated in Health and Wellness Month
- 72% of promotions at Ergobaby were awarded to women in 2023
- 5.11 introduced the MoveSpring Mobile app to promote employee wellness
- Lugano donated $2.5 million to the Orange County Museum of Art, offering free admission
Governance Achievements
- Established a foundational ESG framework
- Appointed a Head of ESG in 2022 and expanded the ESG Team in 2023
- Adopted an ESG policy for pre- and post-acquisition investment processes
- Implemented a confidential and anonymous ethics and financial concern hotline
- Adopted a Policy on Human Rights and Labor
Climate Goals & Targets
Medium-term Goals:
- BOA targets 58% recycled/renewable plastic by 2026, 100% by 2031
Environmental Challenges
- Gathering carbon emissions information from subsidiaries
- Data limitations for some Subsidiaries' utility data and mobile combustion emissions
Mitigation Strategies
- Partnered with an external sustainability consultant to measure carbon footprint
- Conducted educational workshops on carbon emissions
- Used an energy intensity factor based on square footage for facilities without utility data
- Used stationary combustion emissions factors as a proxy for mobile combustion emissions
Supply Chain Management
Responsible Procurement
- Partnership with Buy Social USA for purposeful procurement
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, SASB
Certifications: TRUE® Silver certification (Sterno's Texarkana facility)
Third-party Assurance: Grant Thornton LLP (financial statements only)
Sustainable Products & Innovation
- PrimaLoft® P.U.R.E.™ technology
- BOA Fit System with recycled content
Awards & Recognition
- Catalyst Business Commitment Silver Badge