LSI Industries
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Waste Generated:1022 tons/year (metals recycled)
ESG Focus Areas
- Environmental Stewardship
- Social Responsibility
- Governance
Environmental Achievements
- Reduced customer energy consumption by up to 67% through energy-efficient LED products.
- 95% of lighting packaging material is made with 100% recycled material.
- Recycled 1,022 tons of metals from manufacturing processes.
- Products designed to reduce light pollution.
Social Achievements
- Average workforce tenure of nearly 9 years.
- Women make up 34% of the workforce.
- Black or African American employees make up almost 15% of the workforce.
- Traditionally underrepresented groups comprise 58% of LSI’s workforce.
- Donated over 200 LED light fixtures to the Tri-State Warbird Museum.
- Contributions to organizations supporting America's veterans.
Governance Achievements
- Six of seven Directors are independent.
- All salaried employees complete annual training on the Code of Business Ethics and Conduct.
- Board meets NASDAQ goals for diversity (42% diverse).
Climate Goals & Targets
Supply Chain Management
Responsible Procurement
- Prioritizes partners using recycled materials and materials recyclable at end-of-life.
- Works with suppliers to identify innovative ways to use and procure raw materials.
- Steel procured is 55% recycled metal.
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Energy-efficient LED lighting solutions
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:14.58 million kWh/year
Water Consumption:19,676 ccf/year
Waste Generated:1,022 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced CO2e emissions by 5,000 tons through material recycling.
- Committed to reducing carbon emissions by 5 million metric tons by 2033 through LED lighting solutions.
- Committed to reducing GHG emissions by 35,000 metric tons over six years through the transition to R-290 propane refrigerant.
Social Achievements
- Maintained an average workforce tenure of nearly 8 years.
- Women make up 34% of the workforce (14% higher than the national average for manufacturing companies).
- Black or African American employees employed at over twice the national average of electrical manufacturers.
- Donated over 200 LED light fixtures to the Tri-State Warbird Museum.
- Contributed to organizations supporting America's veterans.
Governance Achievements
- Adopted limits on the number of public company boards on which Board members may serve.
- Compensation, Audit, and Finance, and Nominating and Corporate Governance Committees are chaired by Independent Directors.
- 86% of LSI’s Directors are independent.
- All salaried employees complete annual training on the Code of Business Ethics and Conduct.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Reduce carbon emissions by 5 million metric tons by 2033.
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Prioritizing partners using recycled materials and materials recyclable at end-of-life.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: ISO 9001:2015
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Energy-efficient LED lighting solutions, R-290 propane refrigerant products
Awards & Recognition
- Not disclosed