Tempur Sealy Releases 2024 Corporate Social Values Report

January 10, 2024  by HFBusiness Staff in Business Strategy, Industry   

Tempur Sealy Chairman and CEO Scott Thompson said, "We are pleased to share our annual Corporate Social Values Report as it highlights our steadfast commitment to protect and improve our communities and the environment. While there are many updates in this report, our most important beliefs remain the same, including our core value of Doing The Right Thing.

We know that when we invest in a socially responsible and sustainable future for our organization and our world, we strengthen and fortify our business. Our Board of Directors and executive management team believe that our focus on ESG initiatives unlocks shareholder value and contributes to our long-term growth."

The Company's progress on its ESG initiatives in the twelve months ended September 30, 2023, includes the following highlights:

Environment

• Achieved zero waste to landfill status at our Canadian and Mexican manufacturing operations and maintained our zero waste to landfill status at our U.S. and European manufacturing operations
• Achieved zero waste to landfill at 75% of our corporate offices and R&D labs, in line with our goal to achieve zero landfill waste at our corporate offices and R&D labs by 2025
• Progressed towards our goal of achieving carbon neutrality by 2040 through reducing greenhouse gas emissions at our wholly owned manufacturing and logistics operations by 4%* compared to the prior year
• Summarized and published our approach to comprehensive chemical supply management in a Chemical Safety Policy

Purpose

• Continued to bring industry-leading innovation to market that provides consumers with access to higher quality sleep at a variety of price points, including the new U.S. product launches of TEMPUR-Breeze®, TEMPUR-Ergo® Smart Base, and Stearns & Foster, and the new international launches of TEMPUR® products
• Contributed over $800,000 through the Tempur Sealy Foundation and donated more than 12,100 mattresses worth approximately $16.9 million, bringing our ten-year donation total to over $100 million

People

• Increased transparency and expanded disclosures around Employee Health & Safety, Ethics Line, and Employee Satisfaction & Engagement
• Embedded ESG performance as a factor in executive leadership's 2023 compensation program

To view the full 2024 Corporate Social Values Report and the new Chemical Safety Policy, please refer to the Tempur Sealy Investor website, http://investor.tempursealy.com/.

*This excludes the impact of new facilities opened in the twelve-month period ended September 30, 2023. Including the impact of new facilities, we reduced greenhouse gas emissions at our wholly owned manufacturing and logistics operation by 1% compared to the prior year.