I am pleased to share with you Vulcan Materials Company’s 2020 Corporate Social Responsibility Report.
In our more than 60 years as a publicly-traded company, our long-term success has been built on a culture of doing the right thing, the right way, at the right time for our stakeholders, including shareholders, communities and the people we serve, both in and outside the company. We call this culture The Vulcan Way, and it guides all we do. The Vulcan Way calls us to continuously improve our performance and reach our potential.
In an extraordinary and challenging year for our country and the world, I am especially proud of the resilience, compassion and capabilities demonstrated by our Vulcan family in 2020. Our people quickly adapted to the rapidly changing conditions of the COVID-19 pandemic while staying focused on keeping our teams safe and healthy, serving our customers and executing on our operating disciplines.
The year also provided tragic reminders of the intolerance and racism that persist in our society. At Vulcan, we know that these have no place in the world, and we are committed to fighting them in all their forms and supporting social justice in our communities. I’m proud of how our employees came together to listen to one another, learn from and support one another during such unsettling times.
Across the Vulcan family, we have supported each other in ways that truly define our Company’s unique and invaluable culture. Our commitments to our health and safety, our people, our communities and the environment and our governance guided us as we addressed both new and ongoing challenges. We also continued our focus on improving our Environmental, Social and Governance (ESG) disclosures and reporting, working consistently towards our goal of superior performance as measured by important ESG ratings services.
I am especially proud of the resilience, compassion and capabilities demonstrated by our Vulcan family in 2020.READ MORE
Our 2020 Corporate Social Responsibility Report Highlights
- Responded quickly to the COVID-19 crisis. As an “essential business,” we kept our operations running and our people working safely, whether wearing personal protective equipment and maintaining proper social distance at our operations, or working remotely. We made the decision early in the pandemic, before federal action was taken, to provide a minimum of 80 hours of COVID-19 paid leave for people who were diagnosed with the virus or exposed and needing to quarantine, and to those taking care of a loved one with the illness. We also stepped up communications to keep our employees and stakeholders informed on the business, and introduced a new digital customer platform that limited the need for person-to-person contact.
- Leveraged the Vulcan Materials Company Foundation, company funds and employee volunteer efforts to support people and communities affected by COVID-19. We helped food banks, healthcare services, childhood education remote learning programs and other initiatives designed to lessen the difficulties experienced in many of our communities. We helped in a number of ways, including contributions to support Wi-Fi and hotspot access to thousands of students in need across the country — in many cases we’re enabling connectivity for students not just in 2020, but through the 2021 school year. We’ve also procured hundreds of laptop computers for remote students.
- Continued our commitment to justice, fairness and equality. Vulcan launched its Diversity & Inclusion initiative in 2015. We have worked steadily over many years to build a diverse, inclusive and equitable workplace and to support initiatives that promote these values. Our Diversity & Inclusion Council has spearheaded important employee training programs and launched a new inclusivity training initiative for employees this year. In 2020, we have started Diversity & Inclusion Councils in our operating divisions to further build local ownership throughout our organization. During 2020, we continued to build on our long-term partnership with select Historically Black Colleges and Universities (HBCUs) that we began in 2019. This initiative supports future leaders in our communities and provides additional opportunities to add talent and diversity across the company. We know that a diverse and inclusive workplace creates a more positive work environment and further strengthens our healthy culture.
- Achieved an industry-leading and world-class overall MSHA/OSHA safety performance of 0.88 injuries per 200,000 employee hours worked. Notwithstanding this record, we deeply regret that three Vulcan employees lost their lives on the job in 2020. These tragic deaths are a permanent reminder and challenge for all of us as we work hard throughout our company to meet our goal of zero accidents. We know it is achievable, as 92% of our facilities finished the year with no lost-time injuries. 279 of our plants achieved “triple zero” status in 2020, with zero MSHA/OSHA injuries, MSHA citations or environmental regulations. Our Sac-Tun operation in Playa del Carmen, Mexico, reached a remarkable 5.25 million work hours without a lost-time injury.
- Advanced our environmental stewardship commitments. In 2020, Vulcan decreased Scope 1 and Scope 2 greenhouse gas emissions by 3.3% from 2019. We significantly improved our carbon management score as measured by the Carbon Disclosure Project. Approximately 40% of our off-road fleet vehicles have now been transitioned into Tier IV and Tier IV interim engine technologies. We maintained a citation-free environmental inspection rate of over 98%. We also continued to make progress with our water and waste management and recycling programs and partnered with environmental and other non-governmental organizations on a variety of conservation initiatives in our states across the U.S. and in Mexico.
- Updated the company’s Corporate Governance Guidelines to ensure the best management systems and practices. The Board approved revisions to underscore its commitment to actively seeking out diverse Board candidates and include protections against “overboarding” by the directors. Formalizing these practices reflects the Board’s commitment to diverse representation and maintaining a strong, engaged and well-balanced Board with adequate time to fulfill our duties as directors. We also made more key company policies publicly available and enhanced reporting on a number of material topics including diversity and inclusion and greenhouse gas emissions.
This website and report highlight our commitments and progress as we continue working to improve goal setting, measurement and reporting on specific ESG topics. It also shows you what we do in our communities, including the associated benefits that cannot be measured. Vulcan thrives because we are highly focused on the elements of our business that we can control, while maintaining the flexibility and creativity to respond to a rapidly changing environment. We are never done improving, and our people view the pursuit of excellence as a continuous process. This is a central part of our culture.
Good governance depends on transparency, candor and open lines of communication conducted in an environment of trust and respect. We communicate regularly with our shareholders and other key stakeholders throughout the year regarding all aspects of our business, including critical ESG matters. Your questions, ideas, criticisms and suggestions make us better and stronger as a company and as leaders at Vulcan.
In closing, our achievements in 2020 would have been impossible without the outstanding hard work, creativity, flexibility, dedication and perseverance of our Vulcan team members. I would like to extend to each one of them my immense gratitude and congratulations on a job well done. I also wish to thank all our stakeholders and shareholders for their continued trust and support. We appreciate your continuing confidence in Vulcan Materials Company.