CLEVELAND, June 14,
2022 /PRNewswire/ -- The Sherwin-Williams Company
(NYSE: SHW) has issued its 2021 Sustainability Report: Building
on the Good, reflecting progress made in its environmental,
social and governance (ESG) journey. The report is available at
https://sustainability.sherwin-williams.com/doc/Sustainability_Report.
Sherwin-Williams is proud of its ESG track record and
accomplishments. Recent Company achievements include:
- Published the Company's first report that aligns with the Task
Force on Climate-Related Financial Disclosures (TCFD)
framework
- Collected in 2021 more than 1.0 million gallons of paint for
recycling through PaintCare®
- Reduced employee injury rate by more than 50% since 2015
- Implemented Sustainability by Design program across the
enterprise, serving as our proactive, foundational process to aid
the growth of our "sustainably advantaged products" portfolio
- Established a baseline for "sustainably advantaged products"
and developed a plan for expanding this product portfolio
- Developed a structured process for measuring and assessing
Scope 3 emissions
- Recognized by Forbes® Magazine as one of
World's Best Employers and America's Best Employer for Diversity,
New Graduates, Women and Veterans
- Strengthened communities through employee service on more than
120 nonprofit boards and financial support of more than 1,300
nonprofit organizations
- Recognized in 2021 by industry-leading groups, including
Newsweek® America's Most Responsible Companies,
Yahoo! Finance® Top ESG Stocks, Investor's
Business Daily® Best ESG Companies (top 100), The
Wall Street Journal® 250 Best Managed Companies and
MSCI® ESG rating, which improved from "BBB" to "A"
"At Sherwin-Williams, corporate responsibility and
sustainability are central to how we do business. We demonstrate
our ongoing commitment to our employees, customers, communities,
shareholders and other stakeholders through our continued efforts
to develop and implement comprehensive policies, goals and programs
in pursuit of our ESG objectives. We are Building on the
Good," says John G. Morikis,
Sherwin-Williams Chairman and Chief Executive Officer. "Our 2021
Sustainability Report reflects the progress we have made in pursuit
of our goals and outlines the steps we are taking that reflect our
commitment to continuous improvement in everything we do."
The year's Sustainability Report builds on the enhanced
sustainability framework introduced in the 2020 report, focusing on
three pillars: Environmental Footprint, Product Blueprint and
Social Imprint. All three pillars sit on a strong foundation of
Governance and Ethics and are described in the new report. In
preparing this report, the Company referenced sustainability
reporting frameworks, such as the Global Reporting Initiative
(GRI), the Sustainability Accounting Standards Board (SASB) and the
TCFD. The 2021 Sustainability Report includes an appendix
containing the Company's SASB Index disclosures, TCFD Report and
Investor ESG Summary.
About The Sherwin-Williams Company
Founded in 1866,
The Sherwin-Williams Company is a global leader in the manufacture,
development, distribution, and sale of paint, coatings and related
products to professional, industrial, commercial and retail
customers. The Company manufactures products under well-known
brands such as Sherwin-Williams®, Valspar®,
HGTV HOME® by Sherwin-Williams, Dutch
Boy®, Krylon®, Minwax®,
Thompson's® WaterSeal®,
Cabot® and many more. With global headquarters in
Cleveland, Ohio,
Sherwin-Williams® branded products are sold
exclusively through a chain of more than 5,000 Company-operated
stores and facilities, while the Company's other brands are sold
through leading mass merchandisers, home centers, independent paint
dealers, hardware stores, automotive retailers and industrial
distributors. The Sherwin-Williams Performance Coatings Group
supplies a broad range of highly-engineered solutions for the
construction, industrial, packaging and transportation markets in
more than 120 countries around the world. Sherwin-Williams shares
are traded on the New York Stock Exchange (symbol: SHW). For more
information, visit www.sherwin.com.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains certain
"forward-looking statements," as defined under U.S. federal
securities laws. These statements can be identified by the use of
forward-looking terminology such as "believe," "expect," "may,"
"will," "should," "project," "could," "plan," "goal," "target,"
"potential," "seek," "intend," "aspire" or "anticipate" or the
negative thereof or comparable terminology. These forward-looking
statements are based upon current expectations, predictions,
estimates, assumptions and beliefs concerning future events and
conditions. Readers are cautioned not to place undue reliance on
any forward-looking statements. Forward-looking statements are
necessarily subject to risks, uncertainties and other factors, many
of which are outside the control of the Company that could cause
actual results to differ materially from such statements and from
the Company's historical performance, results and experience. These
risks, uncertainties and other factors include such things as: with
respect to our ability to successfully meet our goals, targets and
commitments presented in the 2021 Sustainability Report and
elsewhere, including within the expected timeframe, changes in
laws, regulations, prevailing standards or public policy, the
alignment of the scientific community on measurement and reporting
approaches, the complexity of commodity supply chains and the
evolution of and adoption of new technology, including traceability
practices, tools and processes; general business and economic
conditions; the Company's ability to successfully integrate past
and future acquisitions into its existing operations, as well as
the performance of the businesses acquired; strengths of retail and
manufacturing economies and the growth in the coatings industry;
changes in the Company's relationships with customers and
suppliers; changes in raw material availability and pricing;
adverse weather conditions or natural disasters, including due to
the impacts of climate change; public health crises, including the
duration, severity and scope of the COVID-19 pandemic and the
actions implemented by international, federal, state and local
public health and governmental authorities to contain and combat
COVID-19, which may exacerbate one or more of the aforementioned
and/or other risks, uncertainties and factors more fully described
in the Company's reports filed with the Securities and Exchange
Commission (SEC); and other risks, uncertainties and factors
described from time to time in the Company's reports filed with the
SEC. Since it is not possible to predict or identify all of the
risks, uncertainties and other factors that may affect future
results, the above list should not be considered a complete list.
Any forward-looking statement speaks only as of the date on which
such statement is made, and the Company undertakes no obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
Investor Relations Contacts:
Jim Jaye
Senior Vice President, Investor Relations & Corporate
Communications
216.515.8682
investor.relations@sherwin.com
Eric Swanson
Vice President, Investor Relations
216.566.2766
investor.relations@sherwin.com
Media Contact:
Julie
Young
Vice President, Global Corporate Communications
216-515-8849
corporatemedia@sherwin.com
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SOURCE The Sherwin-Williams Company