I’m pleased to share with you Vulcan Materials Company’s 2021 Environmental, Social and Governance Report.
Our culture is our lifeblood. For more than 65 years as a publicly traded company, The Vulcan Way has been to do the right thing, the right way, at the right time.
We have a long history of serving our customers and delivering results to our shareholders while embodying our commitments to people; to the safety and health of our Vulcan family members; to environmental stewardship; and to the communities where we live, work and play. These commitments have always been part of The Vulcan Way.
In 2021, we shifted our approach to reporting on these commitments from a Corporate Social Responsibility (CSR) focus to an Environmental, Social and Governance (ESG) model aligned with the best practices of internationally recognized ESG reporting frameworks, including the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD).
Vulcan’s 2021 ESG Report outlines our overall program, goals and policies and demonstrates the great work of our people and partners who are committed to doing the right thing — for our company and for one another. At a time when there is a renewed global focus on the roles and responsibilities of public companies, especially when it comes to safety, health and environmental stewardship, I am proud to say that Vulcan continues to be committed to doing our part.
In 2021 alone, our people developed a program dedicated to identifying, assessing and mitigating the highest safety risks at our facilities. Through this initiative, our team members can assess activities with the highest potential for serious injury or fatality and implement focused safety trainings, education and knowledge sharing across the company, creating and maintaining a safer workplace.
Although our aggregates-focused business consistently has the lowest greenhouse gas emissions footprint among our construction materials peers, we are committed to doing our part to reverse global greenhouse gas (GHG) emissions trends and reduce potential impacts of climate change worldwide. In this report, you will find interim targets for reducing Scopes 1 and 2 GHG emissions as well as our commitments to reporting Scope 3 emissions and developing goals in line with science-based targets.
Our commitment to a more ESG-focused approach extends to our Board of Directors, which adopted a resolution in 2021 vesting direct oversight of ESG with its Governance Committee. Although this report does not incorporate data from U.S. Concrete, which Vulcan acquired in August 2021, we are fully integrating U.S. Concrete’s operations into our ESG program so that our entire enterprise is able to continuously improve our efforts to maintain a more environmentally and socially sustainable organization.
While 2021 has been a landmark year for our company, there is more work to be done. As we look toward the future, it is evident that our people will drive our ESG efforts. Together, we will continue to focus on doing the right thing, the right way, at the right time — proving that The Way Forward is The Vulcan Way.
Chairman & CEO, Vulcan Materials Company