ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Mohawk Highlights Sustainability Progress in 2023 Impact Report

CALHOUN, Ga., July 16, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today published its 15th annual impact report, Surfaces with Purpose, which documents the Company’s 2023 progress toward its sustainability goals and shares activities from around the globe that reflect Mohawk’s commitment to people and the planet.

“Sustainability is more than a good philosophy; it is good business,” said Chairman and Chief Executive Officer Jeff Lorberbaum. “Our business is dedicated to delivering results for our investors, customers, employees and communities. Our products are manufactured utilizing sustainable practices that help to lower our carbon footprint, conserve resources and incorporate significant recycled content, including almost 60 billion plastic bottles during the past decade.”

With talented teams and state-of-the-art manufacturing facilities in 19 countries, Mohawk is the world’s largest flooring manufacturer. The Company offers a comprehensive portfolio of residential and commercial products aligned with local market preferences, including a broad selection of sustainable products in every category.

“For customers, this report is an opportunity to see the impact that Mohawk is making through our sustainable products and practices,” said Chief Sustainability Officer Malisa Maynard. “Mohawk is committed to a sustainable future through product innovation and product circularity, including carbon, waste and water reduction. I am proud of the progress our global team made in 2023, and we are focused on achieving even greater outcomes.”

Highlights of Mohawk’s 2023 impact report include:

  • In 2023, Mohawk exceeded its greenhouse gas emissions intensity goal, with a reduction of 36% from its 2010 baseline. Mohawk was recognized by USA Today as one of America’s Climate Leaders in both 2023 and 2024.
  • Last year, Mohawk recovered 44.9 million pounds of end-of-life products through recycling and repurposing.
  • Approximately 58% of Mohawk’s manufacturing waste was recovered, recycled or reused in 2023.
  • Mohawk’s 2023 global water withdrawal intensity improved 42% from its 2010 baseline, reflecting in part millions of gallons of wastewater reused in or eliminated from manufacturing processes.
  • Forty-three percent of Mohawk’s U.S. workforce is Black, Indigenous or People of Color (BIPOC). This year, Newsweek ranked Mohawk among America’s Greatest Workplaces - Diversity & Women.
  • More than 10% of Mohawk’s global workforce has been with the Company for 25 or more years.
  • Through safety program enhancements, Mohawk’s 2023 global recordable incident rate has dropped approximately 10% compared to five years ago.
  • During 2023, Mohawk expanded its “Culture of Care” through sustainability partnerships, including Plastic Bank®, One Tree Planted® and Rhinory®.

To view Mohawk’s complete 2023 impact report, please visit here.

About Mohawk Industries
Mohawk Industries is the leading global manufacturer of flooring products that enhance residential and commercial spaces around the world. Mohawk’s industry leading innovation has yielded products and technologies that differentiate its brands in the marketplace and satisfy all remodeling and new construction requirements. During the past three decades, Mohawk has transformed its business from an American carpet manufacturer into the world’s largest flooring company with operations on five continents. Mohawk’s vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring as well as chipboard, melamine board, high pressure laminate decorative panels and insulation products. Mohawk’s brands are among the most recognized in the industry and include American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Grupo Daltile, IVC Commercial, IVC Home, Karastan, Leoline, Marazzi, Mohawk, Mohawk Group, Mohawk Home, Performance Accessories, Pergo, Quick-Step, Unilin and Vitromex. For more information, please visit mohawkind.com.

Contact: Robert Webb – robert_webb@mohawkind.com  


Primary Logo

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.