The Home Depot Strengthens Forestry Protection and Improves Chemical Standards in 2017 Responsibility Report
Company achieved an "A-"score by the Carbon Disclosure Project (CDP)
Oct 25, 2017, 08:00 ET
ATLANTA, Oct. 25, 2017 /PRNewswire/ -- The Home Depot® is increasing its protection of High Conservation Value Forests and tropical Intact Forest Landscapes (IFLs) by not accepting any wood products from The Amazon (South America) and Congo (Africa) Basins, unless Forest Stewardship Council (FSC) certified.
Although less than one percent of the company's existing wood products come from the Amazon and Congo Basins, The Home Depot announced today that it will require that any wood products coming from these areas be FSC certified. The company has given preference to FSC certified wood products since 1999.
The company announced the updated policy in its 2017 Responsibility Report. The full report is located online at: https://corporate.homedepot.com/newsroom/infographic-2017-responsibility-report.
The report also unveils newly strengthened chemical oversight practices in five product categories, including paint, carpet, vinyl and laminate flooring, and insulation.
The chemical strategy includes commitments to increase the assortment of products that have transparency of product ingredients and third party certification of chemical ingredients. Additionally, the company is committed to working with suppliers to improve chemicals in categories with the greatest potential impact to indoor air quality, and will conduct annual reviews of product categories to track progress and drive innovation.
The company partners with the Green Chemistry and Commerce Council, Healthy Building Network and Cradle to Cradle for guidance on priority chemicals and innovations.
"We recognize the role we play in the value chain for home improvement products, especially lumber and manufactured goods," said Ron Jarvis, vice president of environmental innovation. "We believe that better transparency is the key to retailers and consumers making better purchasing decisions that will improve our industry's long-term environmental impact."
The Home Depot is also expanding its Eco Options program that identifies products that have less of an impact on the environment than standard products, established in 2007, to include the third party certification programs Cradle to Cradle Certified™ and GREENGUARD® Gold.
Additional highlights from 2016 include:
- The company estimates its customers saved more than 76 billion gallons of water in fiscal 2016 from the sales of WaterSense® certified products
- The company estimates its customers saved more than $903 million in utility costs from sales of Energy Star® certified products, reducing consumers greenhouse gas emissions by 4.9 million metric tons in fiscal 2016
- The Home Depot Foundation has impacted more than 34,500 veterans' homes and facilities since 2011, with a financial commitment to veterans related causes of a quarter of a billion dollars by 2020
The Home Depot applies Global Reporting Initiative (GRI) G4 Guidelines, which are included in the 2017 Responsibility Report, as a cross-reference tool for its sustainability reporting to make meaningful data available to stakeholders.
About The Home Depot
The Home Depot is the world's largest home improvement specialty retailer, with 2,283 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.
SOURCE The Home Depot