ATLANTA, July 28,
2022 /PRNewswire/ -- The Home Depot reduced its
combined Scope 1 and 2 carbon emissions by approximately 172,000
metric tons in 2021, equivalent to taking more than 37,000 cars off
the road for a year. The company reduced its electricity
consumption by approximately 11 percent year-over-year in U.S.
stores – while at the same time opening five new stores – and cut
U.S. store electricity usage by 50 percent since 2010.
These and other highlights are included in The Home Depot's 2022
ESG Report, which provides updates on the company's progress
centered around three environmental, social and governance (ESG)
pillars: focusing on our people, operating sustainably, and
strengthening our communities.
The Home Depot paid record Fiscal 2021 Success Sharing bonuses
to non-management associates of approximately $739 million. The company's U.S. associate base
was once again more ethnically diverse than the U.S. working
population; approximately 36 percent of its new hires were women,
and more than 57 percent were ethnically diverse in 2021. The Home
Depot spent $3.3 billion with Tier I
diverse suppliers in 2021 and announced a goal to spend
$5 billion annually by 2025.
The Home Depot Foundation crossed a milestone of more than
$400 million contributed to veterans'
causes since 2011, while also making meaningful progress on its
skilled trades training initiatives and responding to communities
struck by natural disasters during the year.
"Our team knows that an effective ESG strategy works best when
we all work together – our associates, nonprofit partners and
supplier partners – to generate the most positive impact possible,"
said Ted Decker, CEO and president
of The Home Depot. "The progress we've made in focusing on our
people, operating sustainably and strengthening our communities is
a testament to the hard work and dedication of our associates. I
want to thank them and all our partners for their commitment to
helping us do our part to take care of our customers, communities
and each other."
Additional Fiscal 2021 highlights around The Home Depot's three
ESG pillars include:
Focusing on People
- Awarded approximately $230
million in grants to approximately 164,000 associates since
1999 through its internal associate support program, The Homer
Fund
- Completed its goal to launch a Tier II supplier diversity
program to encourage its suppliers to spend more with diverse
businesses
- Increased the representation of female and underrepresented
minority groups across its managers and above population in the
U.S.
- Approximately 90 percent of U.S. store leaders started as
hourly associates
Operating Sustainably
- In 2021, The Home Depot estimates that customer purchases of
Energy Star products helped reduce annual electricity use by 7
billion kilowatt hours, saving $950
million on energy costs, and lowering carbon emissions by
4.9 million metric tons
- The company estimates that water-saving products sold at The
Home Depot helped customers reduce consumption by over 66 billion
gallons in 2021
- Eliminated 1.1 million square feet of PVC film by redesigning
its private label packaging in Fiscal 2021 – enough to cover 19
football fields
- Completed a multi-year project to convert U.S. stores to LED
overhead lighting
- Committed to participating in the CDP Forests
Questionnaire
Strengthening Communities
- The Home Depot Foundation achieved the milestone of 10 years of
its commitment to support the U.S. military veteran community,
while also surpassing $400 million
contributed to veterans' causes
- In 2021, approximately 14,000 associates volunteered in
communities across 150 cities nationwide through Team Depot, The
Home Depot's associate volunteer force
- Since 2011, Team Depot has volunteered more than 1.25 million
service hours to veterans' causes
- The Home Depot Foundation committed more than $7 million in 2021 to help communities impacted
by natural disasters
- Since 2009, the company's "Retool Your School" grant program
has helped fund more than 100 campus beautification projects
benefitting 65 percent of historically black colleges and
universities (HBCU's)
About The Home Depot
The Home Depot is the
world's largest home improvement specialty retailer. At the end of
the first quarter, the company operated a total of 2,316 retail
stores in all 50 states, the District of
Columbia, Puerto Rico, the
U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The company employs approximately
500,000 associates. The Home Depot's stock is traded on the
New York Stock Exchange (NYSE: HD) and is included in the Dow Jones
industrial average and Standard & Poor's 500 index. The Home
Depot is #17 on the 2022 Fortune 500.
Certain statements contained herein constitute
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements may
relate to, among other things, our goals, commitments and programs,
and projections of future results, including our ability to meet
our goals; the impact on our business, operations and financial
results of the COVID-19 pandemic and the related recovery; our
business plans, strategies, initiatives and objectives and their
expected execution and impact; management of relationships with our
associates, potential associates, suppliers and service providers;
cost and availability of labor; costs of fuel and other energy
sources; international trade disputes, natural disasters, climate
change, public health issues (including pandemics and quarantines,
related shut-downs and other governmental orders, and similar
restrictions, as well as subsequent re-openings), cybersecurity
events, military conflicts or acts of war, and other business
interruptions that could disrupt operation of our facilities, our
ability to operate or access communications, financial or banking
systems, or supply or delivery of, or demand for, the Company's
products or services; the impact of regulatory changes; the impact
of acquired companies on our organization; and our assumptions,
expectations and projections regarding any of the
foregoing.
Forward-looking statements are based on currently available
information and our current assumptions, expectations and
projections about future events. They are not guarantees of future
performance and are subject to future events, risks and
uncertainties – many of which are beyond our control, dependent on
the actions of third parties, or currently unknown to us – as well
as potentially inaccurate assumptions that could cause actual
results to differ materially. These risks and uncertainties
include, but are not limited to, those described in the "Risk
Factors" section and elsewhere in our most recently filed Annual
Report on Form 10-K, and also in future reports we file with the
Securities and Exchange Commission. We encourage you to review
these filings. Forward-looking statements speak only as of the date
they are made, and we do not undertake to update these statements
other than as required by law. You are advised, however, to review
any further disclosures we make on related subjects in our filings
with the Securities and Exchange Commission and in our other public
statements.
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SOURCE The Home Depot