LCI Industries on Thursday issued its inaugural corporate sustainability report (CSR Report).
The report is a significant achievement in Lippert’s sustainability management and sets the foundation for environmental, social and, corporate governance () subjects that will lead to continuous and long-term growth.
“Our commitment to good corporate citizenship and reporting on our efforts is a natural progression for Lippert. The increasing consideration ofis very aligned with our corporate values, our culture, and the consumers in our industry. Building and enhancing our reporting capabilities will drive ongoing tracking of our performance allowing us to keep our stakeholders up-to-date on our sustainability progress,” said Lippert President and CEO Jason Lippert.
“Our growth and recent innovations along with our increasing focus onwill mean our Lippert team members, their families, and our customers will be able to better enjoy the communities where we live, work, and play, long into the future.”
- Lippert has expanded the Board of Directors’ oversight on topics.
- Lippert is releasing material information in line with the Sustainable Accounting Board Standards (SASB) standard for the first time.
- Lippert has successfully transformed its employee culture, reflected in a substantial reduction in its attrition rate from 120% in 2017 to 28% in 2019 and 31% in 2021.
- Lippert is replacing conventional with at seven facilities, which have produced 8.75GwH to date on a combined basis, the equivalent of preventing the GHG of 1,349 passenger driven for a year.
- Lippert team members and their families have dedicated more than 500,000 hours to more than 2,000 charitable causes since 2017.
- Lippert has updated its Code of Conduct, Whistleblower, and Conflict Minerals policies.
The CSR Report is aligned with the SASB disclosure framework and shares the first released table, a standard the company adopted due to its focus on materiality. SASB is an independent standards-setting organization dedicated to enhancing the efficiency of the capital markets by fostering high-quality disclosure of financially material sustainability information that meets investor needs. In alignment with SASB’s Sustainable Industry Classification System (SICS), LCI Industries’ 2020 SASB index references the framework for the Transportation Sector: Auto Parts industry and the Consumer Goods Sector: Building Products and Furnishings.
“The Lippert Board of Directors has welcomedoversight as the issues added to our charge are appropriate and modern considerations for a sustainable business. The SASB-aligned report captures the most material topics for our company and is a standard that was recommended by investors,” says Tracy D. Graham, Lippert Board of Directors Chair.
Lippert will periodically update its www.lci1.com/sustainability.activity on its website and will release its calendar year 2022 report in 2023. To access the 2021 Lippert Corporate Sustainability Report, please visit
About LCI Industries
LCI Industries, through its wholly-owned subsidiary, Lippert, supplies, domestically and internationally, a broad array of highly engineered components for the leading
Lippert’s products include steel and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories. Additional information about Lippert and its products can be found at www.lippert.com.