Latham Group, Inc. published its 2023 Environmental, Social and Governance (ESG) Report on December 5, 2024, detailing substantial progress across various ESG categories. The report refined the company's greenhouse gas emissions baseline and highlighted efforts in waste reduction and energy efficiency.
Environmentally, Latham achieved a 50% reduction in waste from fiberglass pool production compared to 2022 and recycled thousands of tons of materials. The company also expanded the use of energy-efficient LED lighting to nearly half of its fiberglass facilities and adopted innovative measures like acetone alternatives to reduce emissions.
On the social front, Latham reported a substantial reduction in safety incidents in 2023 and a 45% reduction in employee turnover since 2021. The company also noted that 20% of its U.S. workforce represents underrepresented minorities. Governance enhancements included updated Code of Conduct and Human Rights Policy, with 100% employee completion of ethics and compliance training.
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