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 our stakeholders. To continue our legacy of Building Worth, Southwire focuses on the following material topics, each detailed in this report; click the links for more information.
In 2017, Southwire launched five new sustainability goals; we share our progress for the first time in this report. Our Building Worth goal and metrics are:
2021 SUSTAINABILITY GOALS & TARGETS
|TARGET||2016 BASELINE||2017 Progress||2018 Progress|
|10% of EBITDA (earnings before interest, taxes, depreciation and amortization) in the funnel||8%||6%||7%|
|$1 billion of incremental revenue tied to these solutions (15% of projected 2021 revenues)||$0||Strategic plan developed identifying relevant vertical markets and adjacent/transformational strategic initiatives||$220 million|
Our success is ultimately driven by how well we solve our customers’ needs. Sustainability is a major issue 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, Southwire must focus on how our customers use our products and how we can jointly benefit society.