Framing Our World: JELD-WEN Releases 2023 ESG Report

Rhea-AI Summary

JELD-WEN Holding, Inc. (NYSE: JELD) has released its 2023 Environmental, Social and Governance (ESG) report, highlighting progress towards its 2050 sustainability goals. CEO William J. Christensen emphasized the importance of sustainability in the company's transformation efforts. Key initiatives include:

1. Net zero greenhouse gas emissions: Five European facilities now use 100% renewable energy.
2. Zero manufacturing waste to landfill: The Pottsville, Pennsylvania site reduced landfill waste by 56%.
3. 100% recycled or sustainably harvested materials: Swedoor brand in Denmark started a door recycling project.
4. 100% global sourcing of sustainable or certified wood: Achieved 35% globally, a 24% improvement from 2021.

The report aligns with SASB, GRI, and TCFD standards, demonstrating JELD-WEN's commitment to environmental stewardship and sustainable practices.

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Key initiatives drive progress toward long-term ESG goals

CHARLOTTE, N.C., Aug. 1, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) today released its 2023 Environmental, Social and Governance (ESG) report. The report highlights the company's ESG initiatives and progress toward its 2050 sustainability goals during the 2023 reporting year.

"Our sustainability work touches all areas of our transformation efforts," said JELD-WEN CEO William J. Christensen. "We are working hard to improve our culture, drive better financial performance and, using our history of sustainability as a guide, building a blueprint for environmental stewardship across the company. Our ESG goals directly impact all three and I am proud of our efforts toward achieving our goals."

In 2022, JELD-WEN set four long-term ESG goals aimed at significantly reducing its operational environmental impact and supporting the reduction of consumer energy use.

Initiatives around the globe are advancing our sustainability goals:

Net zero greenhouse gas emissions (Scope 1 and Scope 2)

• Five facilities in Europe purchased 100% of their energy from renewable sources¹.

Zero manufacturing waste to landfill

• Our Pottsville, Pennsylvania, site reduced waste to landfill by 56% between June and December 2023 by finding pathways to recycle more material waste.

100% recycled or sustainably harvested materials

• In Denmark, our Swedoor brand started a new recycling project to test the potential of reusing doors from public buildings – advancing circularity and keeping the doors out of the landfill.

100% global sourcing of sustainable or certified wood

• 35% of our global wood sourcing is sustainable or certified wood – a 24% improvement over the 2021 baseline².

"Our commitment to sustainability is not just a goal; it's a promise we uphold with every action we take," said Farsad Fotouhi, vice president of global ESG. "By minimizing our environmental impact, we are fostering a world where prosperity and planetary wellbeing are harmonized."

The JELD-WEN ESG report aligns with ESG best practice reporting frameworks and industry standards such as the Sustainability Accounting Standards Board (SASB), "Building Products & Furnishings," the Revised Global Reporting Initiative (GRI) Standards (2021) and the Task Force on Climate-related Financial Disclosures (TCFD).

Read the full 2023 ESG report here.

About JELD-WEN Holding, Inc.

JELD-WEN Holding, Inc. (NYSE: JELD) is a leading global designer, manufacturer and distributor of high-performance interior and exterior doors, windows, and related building products serving the new construction and repair and remodeling sectors. Based in Charlotte, North Carolina, JELD-WEN operates facilities in 15 countries in North America and Europe and employs approximately 18,000 associates dedicated to bringing beauty and security to the spaces that touch our lives. The JELD-WEN family of brands includes JELD-WEN^® worldwide, LaCantina^® and VPI™ in North America, and Swedoor^® and DANA^® in Europe. For more information, visit corporate.JELD-WEN.com or follow us on LinkedIn.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our business strategies and related business and stakeholder impacts and our ability to execute on our plans, initiatives, projections, goals, and commitments. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "likely," "may," "plan," "possible," "potential," "predict," "project," "should," "target," "will," "would" and, in each case, their negative or other various or comparable terminology. These statements involve risks and uncertainties that could cause actual results to differ materially. For a discussion of these risks and uncertainties, please refer to our Annual Report on Form 10-K for the year ended December 31, 2023 and our other filings with the U.S. Securities and Exchange Commission.

Media Contact:
JELD-WEN Holding, Inc.
Caryn Klebba
Head of Global Public Relations
704-807-1275
mediana@jeldwen.com

Investor Relations Contact:
James Armstrong
Vice President, Investor Relations
704-378-5731
jarmstrong@jeldwen.com

¹ Two facilities purchased grid electricity for the first two months of 2023.
² 2021 North America wood data is from four of our largest wood vendors. 2022 North America wood data includes an additional four wood vendors totaling to eight. 2023 North America wood data is from 11 of our largest wood vendors and several mill vendors.

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SOURCE JELD-WEN Holding, Inc.

FAQ

What are JELD-WEN's main ESG goals for 2050?

JELD-WEN's main ESG goals for 2050 include achieving net zero greenhouse gas emissions (Scope 1 and 2), zero manufacturing waste to landfill, 100% recycled or sustainably harvested materials, and 100% global sourcing of sustainable or certified wood.

How much did JELD-WEN reduce waste at its Pottsville, Pennsylvania site in 2023?

JELD-WEN reduced waste to landfill by 56% at its Pottsville, Pennsylvania site between June and December 2023 by finding ways to recycle more material waste.

What percentage of JELD-WEN's global wood sourcing is sustainable or certified as of 2023?

As of 2023, 35% of JELD-WEN's global wood sourcing is sustainable or certified wood, which represents a 24% improvement over the 2021 baseline.

Which reporting frameworks does JELD-WEN's 2023 ESG report align with?

JELD-WEN's 2023 ESG report aligns with the Sustainability Accounting Standards Board (SASB), the Revised Global Reporting Initiative (GRI) Standards (2021), and the Task Force on Climate-related Financial Disclosures (TCFD).

What new recycling project did JELD-WEN's Swedoor brand start in Denmark?

JELD-WEN's Swedoor brand in Denmark started a new recycling project to test the potential of reusing doors from public buildings, advancing circularity and keeping doors out of landfills.