RPM International Inc. Issues 2021 Sustainability Report
August 22 2022 - 4:30PM
Business Wire
RPM International Inc. (NYSE: RPM) has issued its 2021
Sustainability Report: Building a Better World. Building a Better
World is RPM’s ongoing commitment to building a sustainable future
across three pillars: Our Products, Our People and Our Processes,
with a strong foundation in governance. The report reviews RPM’s
progress toward the three pillars and highlights the company’s
sustainability goals and strategy. The report is available at
https://www.rpminc.com/sustainability.
Highlights include:
- New 2025 sustainability goals
- 2022 associate survey found 83 percent of respondents have
favorable engagement and 88 percent are proud to be a part of
RPM
- Issued first water stress analysis of all manufacturing
locations
- Appointment of vice president – compliance and sustainability
to lead sustainability efforts
- Expansion of associate training and educational opportunities
that drive diversity and inclusion
- Formation of Building a Better World Oversight Committee
Using 2021 data as a performance measurement base, RPM’s 2025
sustainability goals include:
- Reduce Scope 1 and Scope 2 greenhouse gas emissions from RPM
facilities by 20 percent per ton of production
- Reduce energy consumed in RPM facilities by 10 percent per ton
of production
- Reduce waste-to-landfill from RPM facilities by 10 percent per
ton of production
- Increase recycling at RPM facilities by 20 percent per ton of
production
- Identify and implement additional opportunities for water reuse
and conservation
RPM’s successful completion of the 2020 MAP to Growth Operating
Improvement Program included the closure and consolidation of 31
manufacturing facilities and the institution of lean manufacturing
disciplines and operating efficiency initiatives. Based on what the
company was able to estimate given the limited data available from
2015, compared to 2021 on a per ton of production basis, the
approximate reductions were as follows: greenhouse gas emissions by
40%, energy usage by 35%, and waste by 40%.
In September 2021, RPM appointed Tracy D. Crandall to lead the
company’s sustainability efforts. As vice president – compliance
and sustainability and associate general counsel, Crandall is
responsible for the company’s global sustainability and
environmental, social and governance initiative – Building a Better
World.
“Sustainability is fundamental to who we are at RPM,” stated
Frank C. Sullivan, Chairman and CEO of RPM International. “We are
committed to being good corporate stewards with our products, for
our people, and for the environment. This commitment is supported
by a foundation built upon our values of transparency, trust and
respect. Tracy’s enthusiastic leadership of RPM’s Building a Better
World initiative will guide us along this journey and help us
prioritize the areas where we can make the biggest impact.”
About RPM
RPM International Inc. owns subsidiaries that are world leaders
in specialty coatings, sealants, building materials and related
services. The company operates across four reportable segments:
consumer, construction products, performance coatings and specialty
products. RPM has a diverse portfolio of market-leading brands,
including Rust-Oleum, DAP, Zinsser, Varathane, DayGlo, Legend
Brands, Stonhard, Carboline, Tremco and Dryvit. From homes and
workplaces to infrastructure and precious landmarks, RPM’s brands
are trusted by consumers and professionals alike to help build a
better world. The company employs approximately 16,800 individuals
worldwide. Visit www.RPMinc.com to learn more.
For more information, contact Matt Schlarb, senior director –
investor relations, at 330-220-6064 or mschlarb@rpminc.com.
Forward-Looking Statements
This press release contains “forward-looking statements”
relating to our business. These forward-looking statements, or
other statements made by us, are made based on our expectations and
beliefs concerning future events impacting us and are subject to
uncertainties and factors (including those specified below), which
are difficult to predict and, in many instances, are beyond our
control. As a result, our actual results could differ materially
from those expressed in or implied by any such forward-looking
statements. These uncertainties and factors include (a) global
markets and general economic conditions, including uncertainties
surrounding the volatility in financial markets, the availability
of capital, and the viability of banks and other financial
institutions; (b) the prices, supply and availability of raw
materials, including assorted pigments, resins, solvents, and other
natural gas-and oil-based materials; packaging, including plastic
and metal containers; and transportation services, including fuel
surcharges; (c) continued growth in demand for our products; (d)
legal, environmental and litigation risks inherent in our
construction and chemicals businesses and risks related to the
adequacy of our insurance coverage for such matters; (e) the effect
of changes in interest rates; (f) the effect of fluctuations in
currency exchange rates upon our foreign operations; (g) the effect
of non-currency risks of investing in and conducting operations in
foreign countries, including those relating to domestic and
international political, social, economic and regulatory factors;
(h) risks and uncertainties associated with our ongoing acquisition
and divestiture activities; (i) the timing of and the realization
of anticipated cost savings from restructuring initiatives and the
ability to identify additional cost savings opportunities; (j)
risks related to the adequacy of our contingent liability reserves;
(k) risks relating to the Covid pandemic; (l) risks related to
adverse weather conditions or the impacts of climate change and
natural disasters; (m) risks relating to the Russian invasion of
Ukraine and other wars;(n) risks related to data breaches and data
privacy violations; and (o) other risks detailed in our filings
with the Securities and Exchange Commission, including the risk
factors set forth in our Annual Report on Form 10-K for the year
ended May 31, 2022, as the same may be updated from time to time.
We do not undertake any obligation to publicly update or revise any
forward-looking statements to reflect future events, information or
circumstances that arise after the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20220822005028/en/
Matt Schlarb Senior Director – Investor Relations 330-220-6064
mschlarb@rpminc.com
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