Environmental and Climate Policy
Policy Purpose
At Franklin Display Group, we recognize and acknowledge the importance of environmental conservation and the protection of our environment. FDG is committed to continual improvement of environmental performance. The purpose of FDG's Environmental and Climate Policy is to establish the direction for the company's environmental and climate strategy.
FDG shall:
- Operate in compliance with the laws and regulations that govern our environmental practices
- Consider environmental issues in making business strategies
- Commit to reducing our environmental impact through initiatives that reduce greenhouse gas emissions, water usage, and raw materials
- Train employees on environmental considerations
- Identify and implement projects that improve energy efficiency
The environmental and climate policy shall be reviewed at least once every three years.
Environmental and Climate Policy
With the support of the FDG executive management, the ESG Team is responsible for setting environmental and climate commitments.
Franklin Display Group's climate goal is to reduce its absolute Scope 1 and Scope 2 emissions by 25% by 2030 from a 2023 baseline. Our approach is to measure our carbon emissions in accordance with the Greenhouse Gas Protocols (GHGP) and to set near-term greenhouse gas (GHG) reduction targets.
Note: The climate target is applicable for market-based electricity emissions.
We are committed to making continuous progress to reduce our carbon footprint at Franklin Display Group. As part of that process, Franklin Display Group will further define its carbon emissions reduction strategies and implement pollution mitigations. Reducing our carbon emissions will improve the quality of life for our community and employees and reduce the impact of global warming.
Waste and Recycling Policy
FDG's goal is to minimize waste by the following hierarchy: prevention, reuse, recycling, and landfill. Materials commonly recycled at FDG include metal, cardboard, paper, plastic, and pallets.
United Nations Sustainable Development Goals Report
The United Nations Sustainable Development Goals (UN SDGs) provide a shared blueprint for peace and prosperity for people and the planet, now and into the future. At Franklin Display Group, we have prioritized a set of SDGs that are applicable and relevant to our organization. The following provides our list of prioritized Sustainable Development Goals, an assessment of why the goal is important to FDG, FDG’s Target, Actions Taken, and our Results.
SDG # | SDG Priority Rationale | Target | Actions Taken | Results (2023) |
|---|---|---|---|---|
7 Affordable and Clean Energy  | FDG’s emissions from electricity represent 46% of its total emissions (includes Scope 1&2) from a 2023 baseline. | FDG’s goal is to source 100% renewable energy supply by 2025 for all locations. | FDG began receiving 100% Green Power in one location in 2023. | 8% renewable electricity |
8 Decent Work and Economic Growth  | FDG is committed to maintaining safe and healthy working conditions for its employees. | FDG’s over-arching goal is to achieve zero harm for its employees. The target OSHA Recordable Incidence Rate for FDG is to be less than the average of 4.0 for NAICS 332999 All Other Miscellaneous Fabricated Metal Product Manufacturing. | Conducted monthly safety training for employees. Publicly tracked safety incidents to ensure high visibility for all employees. | 2023 Incidence Rate = 3.0 |
12 Responsible Consumption and Production  | FDG strives to manufacture products in a responsible manner by reducing its impact on the environment. FDG focuses on effective waste management and energy efficiency. | Reduce use of single-use plastic by 25% by 2027, from a 2023 baseline. Develop an approach to measure waste. Implement multiple energy efficiency projects. | Identified and measured a baseline of single-use plastic. Recycling stations were located throughout the facilities to collect recyclables such as paper and plastic. Planned for energy efficiency projects to be implemented in 2024. | 2023 Baseline of single-use plastic is a total plastic weight of 49,405 lbs. Additional results forthcoming in future years. |
13 Climate Action  | FDG is committed to continual improvement of environmental performance and reduction of Greenhouse Gases (GHGs). | FDG’s goal is to measure its emissions on an annual basis. FDG’s goal is to reduce 25% of Scope 1 & 2 Emissions by 2030 from a 2023 baseline. | Implement energy efficiency projects, source renewable electricity and reduce reliance on fossil fuels. | Results forthcoming in future years. |