ELKHART,
Ind., Dec. 18, 2023 /PRNewswire/ -- Patrick
Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a
leading component solutions provider for the Outdoor Enthusiast and
Housing markets, today announced the publication of its 2023
Sustainability & Responsibility Report.
"Sustainability is a commitment to future generations, and at
Patrick, we are striving to achieve a vision that encompasses the
wellbeing of our people, the conservation of our resources, and the
health of our business," said Andy
Nemeth, Chief Executive Officer. "As we share our progress
in this year's report, we highlight how our collective efforts are
laying the groundwork for a more sustainable and responsible
future—one that empowers people to make a positive difference
across our Company, our customer relationships, and our
communities."
The Report includes the following highlights:
- Patrick's responsible use and management of materials and
energy, including recycling, reclamation, and reuse, and highlights
from business units dedicated to driving sustainability in their
products and processes;
- Expanded data collection to include ten additional business
units from our Housing pillar as well as adding distribution and
transportation business units, in accordance with the
Sustainability Accounting Standards Board (SASB) metrics, while
also ensuring data is 100% auditable;
- Integrated robust safety protocols achieving a 36% reduction in
Total Recordable Incident Rate (TRIR), with 42% of business
units achieving zero recordables in 2023;
- Reinforced our commitment to serve and uplift our communities
while making a meaningful impact on thousands of lives through
support and partnership with organizations such as Care Camps,
LOGAN Community Resources, Habitat for Humanity, and many other
national, state, and local programs;
- Increased investment in the professional and personal growth of
our team members, delivering over 6,700 hours of leadership and
development training; and
- Achieved substantial progress in the Company's digital
transformation, integrating a range of advanced technologies that
empower collaboration, connection, and efficient resource
management.
To access the 2023 Sustainability & Responsibility Report,
please visit https://patrickind.com/ESG.
About Patrick Industries, Inc.
Patrick Industries (NASDAQ: PATK) is a leading component
solutions provider for the RV, Marine and Housing markets. Founded
in 1959, Patrick is based in Elkhart,
Indiana, employing approximately 10,000 team members
throughout the United States.
Forward-Looking Statements
This press release contains certain statements related to future
results, our intentions, beliefs and expectations or predictions
for the future, which are forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995.
Any projections of financial performance or statements concerning
expectations as to future developments should not be construed in
any manner as a guarantee that such results or developments will,
in fact, occur. There can be no assurance that any forward-looking
statement will be realized or that actual results will not be
significantly different from that set forth in such forward-looking
statement. Information about certain risks that could affect our
business and cause actual results to differ from those expressed or
implied in the forward-looking statements are contained in the
section entitled "Risk Factors" in the Company's Annual Report on
Form 10-K for the year ended December 31,
2022, and in the Company's Forms 10-Q for subsequent
quarterly periods, which are filed with the Securities and Exchange
Commission ("SEC") and are available on the SEC's website at
www.sec.gov. Each forward-looking statement speaks only as of the
date of this press release, and we undertake no obligation to
update any forward-looking statement to reflect events or
circumstances occurring after the date on which it is made.
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SOURCE Patrick Industries, Inc.