Builders FirstSource Releases Inaugural Company Social Accountability Report | Nation/World

DALLAS, Might 23, 2022 (GLOBE NEWSWIRE) — Builders FirstSource, Inc. (NYSE: BLDR) (the “Firm”), the nation’s largest provider of structural constructing merchandise, value-added elements and providers to the skilled marketplace for new residential building and restore and transforming, in the present day introduced that it has revealed its inaugural Company Social Accountability (CSR) report. The report gives an outline of the excellent initiatives and applications the Firm has applied to enhance transparency and sustainability all through the group for the betterment of its staff members, shareholders and companions. The report may be seen by clicking right here.

Builders FirstSource is an organization based on the rules of adhering to the very best requirements of security, integrity and excellence, whereas prioritizing the wants of its individuals and prospects. The report particulars the steps the Firm has taken to enhance company governance, monetary energy, operational effectivity, environmental stewardship, group engagement and useful resource administration.

“At Builders FirstSource, we pleasure ourselves on utilizing our scale and assets to construct a extra sustainable future for all of our stakeholders,” stated Dave Flitman, President and CEO of Builders FirstSource. “We’re pleased with our efforts on this entrance and are dedicated to doing much more going ahead as a part of our mission to be a accountable and trusted associate for our communities and planet. Our CSR report supplies an outline of the actions we’ve got taken to grow to be a greater company steward for all, and we’re happy to report on our progress on this regard for the primary time. It’s an honor to steer this unimaginable group, and I’m energized by the alternatives that exist to additional strengthen our social influence.”

Highlights from the Builders FirstSource inaugural CSR report embrace:

Staff Members:

  • Delivering an 18% discount in recordable accidents throughout the Firm in 2021
  • Launching variety, fairness and inclusion trainings for all staff members
  • Monitoring the composition of the workforce throughout capabilities and rising recruiting from extra various sources
  • Contributing over $2 million to numerous charitable initiatives

Atmosphere:

  • Sourcing over 90% of wooden merchandise from sustainable forestry licensed distributors
  • Monitoring the advantages of fabric waste financial savings ensuing from the usage of our READY-FRAME® product and industry-leading off-site element manufacturing, saving over 3 million timber from 2019 by means of 2021
  • Using water-based paints to scale back hazardous waste dangers to our staff members and the atmosphere
  • Implementing a nationwide supply routing system to maximise car effectivity, save prices and decrease emissions
  • Monitoring car idle time and offering monetary incentives to reduce idling and cut back emissions
  • Introducing electrical forklifts and clean-burning diesel supply automobiles to scale back carbon emissions, and committing to integrating zero-emission automobiles into our fleets
  • Upgrading lighting to LEDs to avoid wasting vitality, cut back carbon emissions and enhance security by means of higher visibility
  • Putting in overhead followers to scale back air-con and associated energy utilization

Integrity:

  • Implementing measures to make sure applicable and moral enterprise conduct and relations, similar to strong accounting techniques to observe and detect potential monetary irregularities, together with common reporting to the Board of Administrators

Builders FirstSource intends to publish an up to date CSR report on an annual foundation.

About Builders FirstSource

Headquartered in Dallas, Texas, Builders FirstSource is the biggest U.S. provider of constructing merchandise, prefabricated elements, and value-added providers to the skilled market phase for brand new residential building and restore and transforming. We offer prospects an built-in homebuilding resolution, providing manufacturing, provide, supply and set up of a full vary of structural and associated constructing merchandise. We function in 42 states with roughly 565 places and have a market presence in 47 of the highest 50 and 85 of the highest 100 MSA’s, offering geographic variety and balanced finish market publicity. We service prospects from strategically positioned distribution and manufacturing services (sure of that are co-located) that produce value-added merchandise similar to roof and flooring trusses, wall panels, stairs, vinyl home windows, customized millwork and pre-hung doorways. Builders FirstSource additionally distributes dimensional lumber and lumber sheet items, millwork, home windows, inside and exterior doorways, and different constructing merchandise.

Ahead-Trying Statements

Statements on this information launch and the schedules hereto that aren’t purely historic information or that essentially rely on future occasions, together with statements about anticipated market share features, forecasted monetary efficiency or different statements about anticipations, beliefs, expectations, hopes, synergies, intentions or methods for the long run, could also be forward-looking statements throughout the that means of Part 21E of the Securities Trade Act of 1934, as amended. Readers are cautioned to not place undue reliance on forward-looking statements. As well as, oral statements made by our administrators, officers and workers to the investor and analyst communities, media representatives and others, relying upon their nature, can also represent forward-looking statements. As with the forward-looking statements included on this launch, these forward-looking statements are by nature inherently unsure, and precise outcomes could differ materially on account of many components. All forward-looking statements are based mostly upon data out there to Builders FirstSource, Inc. on the date this launch was submitted. Builders FirstSource, Inc. undertakes no obligation to publicly replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case. Any forward-looking statements contain dangers and uncertainties that might trigger precise occasions or outcomes to vary materially from the occasions or outcomes described within the forward-looking statements, together with dangers or uncertainties associated to the persevering with COVID-19 pandemic, the Firm’s progress methods, together with gaining market share and its digital methods, or the Firm’s revenues and working outcomes being extremely depending on, amongst different issues, the homebuilding {industry}, lumber costs and the financial system, together with labor and provide shortages. Builders FirstSource, Inc. could not reach addressing these and different dangers. Additional data relating to components that might have an effect on our monetary and different outcomes may be discovered within the threat components part of Builders FirstSource, Inc.’s most up-to-date annual report on Kind 10-Okay filed with the Securities and Trade Fee (the “SEC”) and within the different studies filed by the Firm with the SEC. Consequently, all forward-looking statements on this launch are certified by the components, dangers and uncertainties contained therein.

Investor Contact

Michael Neese

SVP, Investor Relations

Builders FirstSource, Inc.

(214) 765-3804

Media Contact

ICR for Builders FirstSource, Inc.

[email protected]

Copyright 2022 GlobeNewswire, Inc.

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