2022 ESG REPORT HIGHLIGHTS

INTRODUCING MASTERBRAND

The people of MasterBrand make a difference every day in meaningful ways. From caring about each other to serving the communities in which we live, we are fostering a more sustainable world… The MasterBrand Way.

CREATING A POSITIVE IMPACT

At MasterBrand, we are proud of our 70-year heritage that has made us the number one North American residential cabinet manufacturer. We realize that with this status comes an even greater responsibility to do what is right for our stakeholders including customers, shareholders, dealers, supply chain partners, our team members and the communities in which we live and work.

At MasterBrand, we have built a foundation of best practices for doing what is right for people and the environment. We believe that the high standards by which we conduct our business will help us to build on our strengths and continually improve how we measure and monitor our progress on our ESG-related initiatives.

ENVIRONMENTAL

We follow sustainable

We follow comprehensive

wood sourcing practices

supplier audit process

  • We implement programs to recycle and repurpose our wood waste
  • 80% of our 2022 hardwood spend derived from supply originating in North America
  • We are a National Forest Foundation partner and Yellowstone Forever supporter

SOCIAL

We are committed to

We have sustained an OSHA

building an inclusive and

recordable rate close to 1, less than

diverse workforce

1/3 industry average

  • Our Always Aware safety program is focused on creating a Zero Injury culture
  • MasterBrand is a leader in employee safety
  • 44% female executive management team, 33% female board, and over 37% POC associates in the U.S.
  • We support employee resource groups, flexible work environments, DE&I training and robust wellness benefits

GOVERNANCE

Over 80% of our board

Our top leadership has

has prior board

comprehensive oversight of our

experience

organization

  • We have a separate Chairman and CEO structure
  • We maintain a Code of Business Conduct and Ethics and Supplier Code of Conduct
  • We have established a dedicated Nominating, Environmental, Social, and Governance Committee

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Disclaimer

MasterBrand Inc. published this content on 22 February 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2024 22:23:27 UTC.