UFP Industries

No leading practices were identified in the governance and strategy area.

Ecosystem conversion and restoration
The company discloses some activities to achieve conversion-free supply chains.

Solid and air pollution
The company reports some activities to reducing plastic use and waste in its own operations.

No leading practices were identified in the social inclusion and community impact area.

No leading practices were identified in the core social indicators area.

Lobbying
The company does not report on its lobbying and advocacy practices on nature-related issues, nor whether these activities align with its sustainability strategy.

Stakeholder engagement
The company could disclose an overview of the issues raised during its stakeholder engagement activities, as well as its process for engaging with stakeholder groups, including frequency and channels, beyond its materiality assessment.

Sustainability strategy and accountability
The company could disclose sustainability strategy with nature-related targets. Also, it has an opportunity to assign decision-making and oversight responsibility for its sustainability strategy to the highest governance body. Furthermore, the company could link performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues. Lastly, it could improve its transparency by disclosing whether its highest governance body has expertise with respect to the company’s most material sustainability topics.

Ecosystem conversion and restoration
The company does not disclose a commitment to minimise ecosystem conversion or ensure zero-conversion, and it does not have time-bound targets to achieve conversion-free supply chains. Additionally, the company does not disclose activities to minimise ecosystem conversion. Furthermore, the company is not committed to restoring ecosystems, and it does not disclose details and outcomes of ecosystem restoration projects in areas affected by its own operations or by its suppliers.

GHG emissions
The company should set time-bound targets to reduce its scope 1, 2 and 3 greenhouse gas emissions as well as report progress against them. Crucially, the company needs to reduce its scope 1,2 and 3 emissions and its targets need to align with a 1.5-degree trajectory.

Impact and dependencies assessment
The company has an opportunity to disclose assessments of its impacts on nature, including biodiversity, within its own operations and in its supply chain. It also has the opportunity to disclose its dependencies on nature within its own operations and upstream business relationships.

Invasive species
The company has not identified any activities that could lead to the introduction of invasive alien species in its own operations.

Key areas and species
The company has an opportunity to disclose locations within or adjacent to areas important for biodiversity, both in its own operations and its supplier locations. It could also disclose existing species populations existing in or adjacent to both its own and its suppliers’ locations, as well as the conservation status of species identified at its own sites according to national and international lists.

Resource exploitation and circularity performance
No evidence was found regarding the company’s efforts to work towards a circular economy or which organisms it exploits. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

Solid and air pollution
The company should commit to avoid developing or marketing new chemicals or products with SVHC (substance of very high concern) properties, as well as work on reducing the production of hazardous substances and waste.

Water
The company does not disclose relevant information related to water, in its operations or supply chains.

Indigenous Peoples’ and land rights
The company does not show if it is committed to respecting Indigenous Peoples’ rights or land rights of local communities.

Safe, clean, healthy and sustainable environment
The company has an opportunity to commit to respecting local communities’ right to a safe, clean, healthy and sustainable environment, and to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders. Moreover, it should track its actual or potential negative impacts on the health of local communities.

Act ethically
The company has an opportunity to disclose a policy on bribery and corruption, and include anti-bribery and anti-corruption clauses in its contracts with business relationships. It could also disclose its processes for identifying and addressing bribery and corruption, along with implementing a grievance mechanism for stakeholders to raise related complaints. Additionally, the company could disclose its approach to lobbying and political engagement, specifying that it does not make political contributions and divulging its lobbying expenditures.

Provide and promote decent work
The company has an opportunity to disclose a policy commitment to respecting the health and safety of workers across both its operations and supply chain. Moreover, it could strengthen this by presenting evidence of its monitoring of suppliers’ adherence to health and safety standards.

Furthermore, there’s room for the company to enhance its transparency by revealing a time-bound target for paying a living wage for all employees. The company could effectively work towards this objective by disclosing the process of determining the living wage in various operational regions. Additionally, the company could illuminate its collaboration with suppliers to ensure the implementation of living wage practices.

Simultaneously, the company could take a significant step by committing to gender equality and women’s empowerment. To reinforce this commitment, it could disclose related targets while showcasing the representation of women on its highest governance body.

Respect human rights
The company has an opportunity to disclose a policy statement that commits to respecting human rights recognized as fundamental rights at work by the ILO, and extend this expectation to its suppliers. In terms of risk identification, the company has the chance to describe the process for identifying its human rights risks and impacts, covering both its own operations and its supply chain. Furthermore, it can outline a process for assessing and identifying its salient human rights issues. Finally, the company could establish a global system to address its salient human rights issues.