Southwire is growing our business in a strong, sustainable manner. We deliver unparalleled innovative products and services, a practice that enables our company to flourish. We seek to reach our greatest potential by continually evolving to match our customers’ needs and goals.
Southwire’s effort to grow responsibly creates shared value by benefitting all of our stakeholders. To continue our legacy of Building Worth, Southwire focuses on the following material topics, each detailed in this report:
In 2016, Southwire developed five new sustainability goals, which we will report on starting in our 2017 Sustainability Report. Our Building Worth goal and metrics are:
2021 SUSTAINABILITY GOALS & TARGETS
- 10% of EBITDA (earnings before interest, taxes, depreciation and amortization) in the funnel.
- $1 billion of incremental revenue tied to these solutions (15% of projected 2021 revenues).
Our success is ultimately driven by how well we solve our customers’ needs. Sustainability is a major issue, both for companies and individuals, as we work within the constraints of the planet’s limited natural resources. And, as part of the broader supply of materials to buildings and energy infrastructure, it is important that we focus on how our customers use our products and how we can jointly benefit society.
Progress on our previous Building Worth sustainability goals is shown below.
|Deploy the Southwire Supplier Sustainability Manual throughout the supply chain with on-site audits performance monitoring in place for 100% of key suppliers by YE 2016.||22/26 85% (100% for US suppliers)||0/25|
|Incorporate sustainability principles (including reusability) into the research of at least 65% of all new R&D projects by YE 2016.||48% of Spend;
41% of Projects
|52% of Projects (2014)|
|Improve customer efficiency by providing innovative products that improve productivity and reduce waste.||Strategy underway|
|Develop and implement a consistent framework that measures and improves customer experience and creates a sustainable competitive advantage by YE 2017.||OEM results implemented into 2017 strategic plan|