Fortune Brands Innovations today today announced the release of its 2023 ESG Report, which documents the Company’s environmental, social and governance practices, initiatives and opportunities.
“Fortune Brands Innovations is geared to strategically pursue our biggest opportunities, including in areas where we see outsized growth potential, such as sustainability, safety, connected products and material conversion. Whether it’s helping people to save water with our game-changing ecosystem of smart products from Moen, protecting people at home or at work with products from Yale residential and Master Lock, using recycled inputs to manufacture composite decking from Fiberon, or reducing carbon emissions through energy and water saving products, we are a company that has success while benefitting people and our planet. I am extremely enthusiastic about our opportunities for growth as our portfolio increasingly has positive impact on the world. Behind our brands, our associates are committed to serving our customers and consumers in an ethical, responsible and sustainable way. In short, we seek to do well while doing good.” – Fortune Brands Chief Executive Officer Nicholas Fink
Fortune Brands continues to engrain ESG into its business in value-adding ways both to reduce risk and to take advantage of opportunities.
Recent ESG highlights include:
- Continued to exhibit strong safety performance, achieving a total recordable incident rate of less than 1.0, excluding businesses acquired in 2023
- Made progress on the Company’s emissions goals and is using more on-premises renewable energy
- New partnerships, including with insurance agencies, the Alliance for Water Efficiency and the California Water Efficiency Partnership to help expand reach of the Moen Smart Water Monitor and Shutoff, a key contributor to the Mission Moen goal to help consumers save water
- Began work to improve our emissions data collection process and controls, helping Fortune Brands to move toward limited data assurance for Scope 1 and 2 emissions, and helping to prepare the Company for compliance with applicable U.S. and international sustainability regulations
- Continued to make progress with diversity, equity & inclusion initiatives – including launching new Employee Resource Groups – to attract and retain the best talent, and make and market innovative products to a wider range of consumers
- Continued to accrue accolades and recognition related to Fortune Brands’ work on ESG, brands, and innovation
To download Fortune Brands’ 2023 ESG Report or learn more about the Company’s ESG program, click here.
