Newell Brands Releases 2021 Corporate Citizenship Report and Sets 2040 Carbon Neutral Goal for all Scope 1 and Scope 2 Emissions
March 09 2022 - 11:45AM
Business Wire
Third-annual report highlights progress against
corporate citizenship goals on operations, sustainability and
diversity, inclusion and belonging and introduces new goals for
packaging and philanthropy
Newell Brands Inc. (NASDAQ: NWL) announced today the release of
its annual 2021 Corporate Citizenship Report, Creating Shared
Value. The third-annual report showcases Newell Brands’ progress on
its corporate citizenship goals to create more sustainable
products, reduce operational impacts, prioritize the success and
growth of employees and invest in communities. Newell Brands is
proud of its achievements over the past year while facing the
longer-term impacts of COVID-19, including global supply chain
pressures, inflation, labor shortages and ongoing health and safety
concerns.
“We are delighted to share our 2021 Corporate Citizenship Report
and I’m pleased announce our goal to achieve carbon neutrality by
2040 for all Scope 1 and 2 emissions across our portfolio. This
commitment symbolizes a significant step forward in our efforts to
do our part to combat climate change,” said Ravi Saligram, Newell
Brands President and CEO. “We dramatically improved employee
engagement and continued driving our diversity, inclusion and
belonging programs, including making progress on overall
representation of people of color in the United States. I applaud
our 32,000 employees for embracing corporate citizenship as a key
tenet of our culture and making Newell Brands a force for good in
the world.”
In 2021, Newell Brands conducted its first materiality
assessment to better understand the corporate citizenship topics
most important to stakeholders. Based on the materiality
assessment, Newell Brands shifted to four corporate citizenship
focus areas which guide the Company’s reporting, including
Products, Planet, People and Communities. Across the four areas,
accomplishments highlighted in the report include:
Products
- Introduced the Innovation Operating Model, a strategy for
product innovation that incorporates new tools for sustainable
design.
- Added a new 2025 packaging goal to use at least 20 percent
non-virgin (recycled content) in plastic packaging for Newell
manufactured goods.
- Seventy designers participated in the Earth Day Design Jam and
created concepts for turning waste into new products.
- Nearly 83,000 pounds of Home Fragrance products have been
collected and recycled through a partnership with TerraCycle since
it launched in 2020.
Planet
- A cross-functional Climate Task Force was established to create
a climate policy and establish a plan for carbon neutrality. Newell
Brands committed to carbon neutrality by 2040 for all Scope 1 and 2
emissions across the global portfolio.
- Piloted an eight-week energy management program across eight
sites that resulted in the identification of 6.2 million kWh of
excess energy that could be reduced.
- Thirteen facilities around the world submitted projects for
consideration during the Newell Brands Sustainability Excellence
Awards program.
People
- Improved the employee engagement score to 75, in line with
global benchmarks and a significant improvement from prior employee
engagement surveys.
- Achieved representation of 35 percent women among the direct
reports of Business Unit CEOs and center-led Functional Heads as
part of the Company’s diversity, inclusion and belonging
goals.
- Launched three new leadership development employee programs
around the world.
- Reported a .62 global recordable incident rate that is
considered a world-class level among manufacturers.
Communities
- Donated more than 15 million products worth nearly $17 million
to support communities in need.
- Through the Newell Brands Charitable Foundation, supported 14
nonprofits in eight communities across the United States as part of
the Foundation’s Local Impact Grant Program.
- Created the company’s first matching gift program where
employees can donate to three different organizations and the funds
are matched dollar-for-dollar by the Newell Brands Charitable
Foundation.
- Established philanthropic goal to invest $1 million in our
communities through the Local Impact Grant Program by 2025.
Newell Brands understands that operating sustainably and giving
back are critical to the long-term success of the company. The
report provides the company's latest disclosures against the Global
Reporting Initiative (GRI), Sustainability Accounting Standards
Board (SASB) and the Task Force on Climate-related Financial
Disclosures (TCFD) frameworks. More information on these and other
sustainability accomplishments can be found in the full report and
Executive Summary. Visit NewellBrands.com to learn more about the
Company’s corporate citizenship programs.
About Newell Brands
Newell Brands (NASDAQ: NWL) is a leading global consumer goods
company with a strong portfolio of well-known brands, including
Rubbermaid, FoodSaver, Calphalon, Sistema, Sharpie, Paper Mate,
Dymo, EXPO, Elmer’s, Yankee Candle, Graco, NUK, Rubbermaid
Commercial Products, Spontex, Coleman, Campingaz, Contigo, Oster,
Sunbeam and Mr. Coffee. Newell Brands' beloved, planet friendly
brands enhance and brighten consumers' lives at home and outside by
creating moments of joy, building confidence and providing peace of
mind.
This press release and additional information about Newell
Brands are available on the company’s website,
www.newellbrands.com.
Forward-Looking
Statements
This news release contains forward-looking information based on
management's current views and assumptions, including goals for and
projections of future results, the expected execution and effect of
our sustainability and citizenship strategies and initiatives and
the amounts and timing of their expected impact. These statements
that are based on management's expectations and beliefs concerning
future events impacting the company. Many factors outside our
control, including competitive pressures, evolving legal and
regulatory requirements, and societal and market conditions
globally and in the markets in which we do business, could cause
actual results to vary.
There can be no assurance that these future events will occur as
anticipated. Forward-looking statements speak only as of the date
they were made, and we undertake no obligation to publicly update
them. Please refer to the cautionary statements set forth in the
"Forward-Looking Statements" section and under the caption “Risk
Factors” in Newell Brands’ Annual Report on Form 10-K for other
factors that could affect these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220309005723/en/
Investor Relations: Sofya Tsinis Vice President, Investor
Relations +1 (201) 610-6901 sofya.tsinis@newellco.com
Media: Beth Stellato Chief Communications Officer +1
(470) 580-1086 beth.stellato@newellco.com
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