Builders FirstSource releases 2022 CSR report
Builders FirstSource has published its 2023 Corporate Social Responsibility (CSR) report, highlighting advancements in environmental, social, and governance (ESG) across the Company in 2022.
The nation’s largest prodealer said the report “offers an overview of initiatives and programs the company has implemented to improve transparency and sustainability throughout the organization for the betterment of its team members, stakeholders, and partners.”
“In 2022, we took a step forward in our ambitions to reduce our greenhouse gas emissions, increase our use of sustainable materials, improve our safety performance, and foster a more diverse and inclusive culture while maintaining our industry-leading position as an employer and supplier of choice,” said Dave Rush, CEO of Builders FirstSource. “Our ESG programs aim to address topics deemed most important by our stakeholders, and we look forward to maintaining a dialogue on these issues.”
Highlights from the 2023 CSR report include:
Environment:
- Established Scope 1 and 2 greenhouse gas emissions baselines. The Company intends to set short-, medium-, and long-term reduction targets for Scope 1 and Scope 2 emissions no later than 2025.
- >90% of the Company’s wood is from Sustainable Forestry Initiative (SFI) or Forest Stewardship Council (FSC) certified vendors.
- >1.3 million trees saved in 2022 through the use of Builders FirstSource manufactured framing components versus traditional framing methods.
Diversity:
- Launched “WEBUILD,” a new women-focused employee resource group, and expanded veteran hiring initiatives.
- 99% of team members trained on diversity, equity, and inclusion (DEI) initiatives,
- Executive ethnic and racial diversity increased in 2022 to 13% from 5% in 2021,
Team Members & Community:
- Achieved a 22% annual reduction in our total recordable incident rate (TRIR) in 2022, doubling our targeted reduction. The Company has set a goal to reduce our TRIR by another 10% in 2023,
- Extensive safety and on-the-job training for all team members
- Supported our local communities with more than $3.2 million in charitable giving in 2022,
“We recognize that achieving a sustainable future has its challenges, but we are ready to tackle them head-on as a team to foster greener homebuilding and a more inclusive environment for all,” Rush said.
Investors can learn more about how Builders FirstSource approaches sustainability and view the 2023 CSR report on the ESG page of its Investor Relations website.
Based in Irving, Texas, Builders FirstSource operates more than 500 locations in 42 states. The company provides lumber, building products, prefabricated components, value-added services, and building solutions to home builder and remodeling customers.
