H.B. Fuller Company (NYSE: FUL), the world’s largest pure-play adhesives company, has published its 2023 Sustainability Report, detailing its advancements towards global sustainability goals. In 2023, H.B. Fuller began setting new sustainability targets in line with Science Based Targets Initiative (SBTi) standards. To align with these standards, the company enhanced data collection and analysis efforts while addressing customer sustainability needs.
“Sustainability is integral to our product innovation, operational efficiency, and company culture,” stated H.B. Fuller President and CEO Celeste Mastin. “Currently, nearly 60% of our new product development projects aim to increase the sustainability of our customers’ end products. This strong commitment to sustainable innovation benefits our employees, communities, shareholders, and the environment.”
The 2023 Sustainability Report outlines H.B. Fuller’s sustainability achievements, including:
- Establishing six Sustainability Action Subcommittees to advance environmental, social, and governance initiatives across various regions and functions.
- Implementing leading software for Life Cycle Assessments (LCA) to evaluate product footprints and address climate change.
- Launching new technologies for sustainable innovations in sectors such as electric vehicles, solar energy, woodworking, technical textiles, packaging, hygiene, and energy-efficient buildings.
- Reducing the Total Recordable Incident Rate (TRIR) by 35% since 2019, despite acquiring several new companies.
- Introducing Employee Voice, a “pulse” survey platform using machine learning and AI to extract valuable employee insights, enhancing listening, learning, and adaptation efforts.
- Investing in a global digital mentorship platform, facilitating nearly 400 mentorship pairings company-wide.
- Providing financial support to over 186 organizations through the H.B. Fuller Company Foundation and promoting employee volunteerism in 27 countries.
H.B. Fuller continues to uphold its commitment to the United Nations Sustainable Development Goals (UN SDGs), align its disclosures with Global Reporting Initiative (GRI) standards, and report under the Sustainability Accounting Standards Board (SASB) Index.
