Simpson Manufacturing Co., Inc. Publishes Fiscal 2024 Corporate Social Responsibility Report

Rhea-AI Summary

Simpson Manufacturing (NYSE: SSD) has released its Fiscal 2024 Corporate Social Responsibility Report, highlighting significant achievements in social responsibility and sustainability. Key accomplishments include becoming a national sponsor of ACE Mentor, extending partnership with Building Talent Foundation, and donating over $125,000 to Habitat for Humanity. The company enhanced its scholarship program by increasing awards from 100 to 120 annually and raising individual amounts from $2,500 to $3,000. Employee donations reached $202,953, with company matching resulting in $405,906 total contributions to nonprofits - a 141% increase year-over-year. The company also improved workplace safety with a reduced TRIR of 0.99, won innovation awards, and maintained focus on environmental performance improvements in energy, water, and waste management.

Positive

• Employee donations and company matching increased 141% year-over-year to $405,906
• Improved workplace safety by reducing TRIR to 0.99, achieving 2025 goal ahead of schedule
• Expanded scholarship program with increased awards and higher individual amounts
• Won multiple innovation awards in 2024

Negative

• None.

PLEASANTON, Calif., June 16, 2025 /PRNewswire/ -- Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, announced today it has published its Fiscal 2024 Corporate Social Responsibility Report. Highlights of the Company's continued commitment to social responsibility and environmentally sustainable business practices to its employees and stakeholders include:

• Becoming a national sponsor of ACE Mentor, a nonprofit that focuses on bringing young people into the construction trades.
• Extending the Company's three-year partnership with Building Talent Foundation through 2025.
• Making donations of more than $125,000 to Habitat for Humanity International.
• Increasing the number of scholarships from 100 to 120 a year, and the scholarship amount from $2,500 to $3,000 per awardee.
• Achieving $202,953 in employee donations. The Company match resulted in $405,906 donated to eligible nonprofit organizations – a 141% increase compared to the prior year.
• Partnering with Gallup to conduct Simpson's 2024 annual Global Employee Engagement Survey.
• Reducing the Company's TRIR to 0.99, exceeding its 2025 goal ahead of schedule.
• Winning several innovation awards in 2024.
• Committing to continuously improve energy, water and waste performance.

The report includes updated ESG-related metrics for the year ended December 31, 2024. Simpson's Fiscal 2024 Corporate Social Responsibility Report can be found on the Company's website at https://simpsonmfg-esg.metrio.net/.

About Simpson Manufacturing Co., Inc.

Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its subsidiaries, including Simpson Strong-Tie Company Inc., designs, engineers and is a leading manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and shear walls, and concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder actuated tools and reinforcing fiber materials. The Company primarily supplies its building product solutions to both the residential and commercial markets in North America and Europe. The Company's common stock trades on the New York Stock Exchange under the symbol "SSD."

CONTACT:

Addo Investor Relations
investor.relations@strongtie.com
(310) 829-5400

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SOURCE Simpson Manufacturing Co., Inc.

FAQ

What are the key highlights of Simpson Manufacturing's (SSD) 2024 CSR Report?

Key highlights include becoming an ACE Mentor sponsor, $125,000+ donations to Habitat for Humanity, increased scholarships, $405,906 in total charitable donations, reduced workplace injury rates, and multiple innovation awards.

How much did Simpson Manufacturing (SSD) increase its scholarship program in 2024?

Simpson Manufacturing increased scholarships from 100 to 120 annually and raised individual award amounts from $2,500 to $3,000 per recipient.

What was Simpson Manufacturing's (SSD) total charitable contribution in 2024?

Total charitable contributions reached $405,906, combining $202,953 in employee donations with company matching, representing a 141% increase from the previous year.

How did Simpson Manufacturing (SSD) perform in workplace safety in 2024?

Simpson Manufacturing achieved a Total Recordable Incident Rate (TRIR) of 0.99, exceeding its 2025 safety goal ahead of schedule.

What environmental commitments did Simpson Manufacturing (SSD) make in their 2024 CSR report?

Simpson Manufacturing committed to continuously improve their performance in energy consumption, water usage, and waste management.