Fortune Brands Home & Security, Inc. (NYSE: FBHS), an industry-leading home and security products company, announced that it has taken steps to elevate the Company’s focus on Environmental, Social & Governance (ESG) issues that drive long-term value for our shareholders.
The Board of Directors’ Nominating & Corporate Governance Committee has expanded its charter to include oversight of the Company’s ESG programs and related risks. This broadened committee charter places additional emphasis on reviewing ESG in a strategic, holistic manner, and underscores the Company’s commitment to meaningful ESG activities and disclosures. The Committee, which was re-named the Nominating, Environmental, Social & Governance Committee at Fortune Brands’ February 25, 2020 Board meeting, will focus even more on key ESG activities that benefit our Company, including environmental, health & safety; community relations; and inclusion & diversity.
"Our ESG programs are woven into our values and the core of how we conduct business, and are essential for helping us achieve sustainable, profitable growth," said Nicholas Fink, chief executive officer, Fortune Brands. "While we are proud of our ESG performance, we are constantly reviewing and prioritizing our current and potential ESG efforts for further improvement. We will continue to build our ESG competency around the most meaningful ESG opportunities for our company, associates and the community."
This enhanced focus on ESG comes after a strong early effort to provide comprehensive ESG disclosures in the Company’s 2018 and 2019 ESG reports, the most recent of which is available at www.fbhs.com/global-citizenship/esg. The Company’s early work in collecting and reporting on ESG helped to earn Fortune Brands a top 300 placement within Newsweek’s first-ever list of America’s Most Responsible Companies.
About Fortune Brands
Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in Deerfield, IL., creates products and services that fulfill the dreams of homeowners and help people feel more secure. The Company's operating segments are Plumbing, Cabinets, and Doors & Security. Its trusted brands include Moen, Riobel, Perrin & Rowe, Shaws, Victoria + Albert and Rohl under the Global Plumbing Group (GPG); more than a dozen core brands under MasterBrand Cabinets; Therma-Tru entry door systems, Fiberon composite decking and Master Lock and SentrySafe security products in the Doors & Security segment. Fortune Brands holds market leadership positions in all of its segments. Fortune Brands is part of the S&P 500 Index. For more information, please visit www.FBHS.com. To learn more about how Fortune Brands is embracing and accelerating its environmental, social and governance duties, please visit the Company’s ESG section and report at www.FBHS.com/global-citizenship.
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