Tempur Sealy International issues its 2024 Corporate Social Values Report. Chairman and CEO Scott Thompson said, 'We are pleased to share our annual Corporate Social Values Report as it highlights our steadfast commitment to protect and improve our communities and the environment. While there are many updates in this report, our most important beliefs remain the same, including our core value of Doing The Right Thing.'
'We know that when we invest in a socially responsible and sustainable future for our organisation and our world, we strengthen and fortify our business. Our Board of Directors and executive management team believe that our focus on ESG initiatives unlocks shareholder value and contributes to our long-term growth.'
The Company's progress on its ESG initiatives in the twelve months ended September 30, 2023 includes the following highlights:
Environment
- Achieved zero waste to landfill status at our Canadian and Mexican manufacturing operations and maintained our zero waste to landfill status at our U.S. and European manufacturing operations
- Achieved zero waste to landfill at 75% of our corporate offices and R&D labs, in line with our goal to achieve zero landfill waste at our corporate offices and R&D labs by 2025
- Progressed towards our goal of achieving carbon neutrality by 2040 through reducing greenhouse gas emissions at our wholly owned manufacturing and logistics operations by 4%* compared to the prior year
- Summarised and published our approach to comprehensive chemical supply management in a Chemical Safety Policy
Purpose
- Continued to bring industry-leading innovation to market that provides consumers with access to higher quality sleep at a variety of price points, including the new U.S. product launches of TEMPUR-Breeze, TEMPUR-Ergo Smart Base, and Stearns & Foster, and the new international launches of TEMPUR products
- Contributed over $800,000 through the Tempur Sealy Foundation and donated more than 12,100 mattresses worth approximately $16.9 million, bringing our ten-year donation total to over $100 million
People
- Increased transparency and expanded disclosures around Employee Health & Safety, Ethics Line, and Employee Satisfaction & Engagement
- Embedded ESG performance as a factor in executive leadership's 2023 compensation program
More information:
Tempur Sealy
www.investor.tempursealy.com