Caesarstone Publishes Inaugural Global ESG Report Business WireCaesarstone Publishes Inaugural Global ESG Report Business Wire
Impact Investing Forum 2022
London. April 28-29, 2022.
MP MENASHE, Israel – (BUSINESS WIRE)-Caesarstone Ltd. NASDAQ: CSTE, a leading developer of high-quality engineered surface products, today announced the publication of its inaugural Environmental, Social, Governance (“ESG”) report.
Yuval Dagim (Ceed Executive Officer) stated that Caesarstone is committed to sustainability through continued innovation in our products and greener manufacturing processes. He also said that Caesarstone remains focused on a value-chain built on environmental, safety, and health practices. “We are proud of our ESG achievements to-date, and we are pleased to have created the framework to achieve our new ESG goals. This will help create a more sustainable future at our Company. We believe that our success is directly linked to how we treat our clients, employees, and communities. We look forward to putting Caesarstone in a position to create long-term value.
Caesarstone’s 2020 ESG Report was prepared using a framework that relied upon the Global Reporting Initiative (“GRI”) standards and aspects of the Sustainability Accounting Standards Board (SASB”) as well as the United Nations Sustainable Development Goals (“UNSDGs”). Caesarstone aligned with five of the 17 UN Sustainable Development Goals (SDGs) that focus on Climate Action, Good Health and Well-Being, Decent Work and Economic Growth, Industry, Innovation & Infrastructure, and Responsible Consumption and Production.
Caesarstone based its evaluation on the results of the evaluation established sustainability goals that were centered around the core areas of sustainable products, environmentally responsible production, health and safety, and social responsibility.
Caesarstone’s 2020 ESG Report outlines the ESG goals. However, Caesarstone also includes portions of its ESG report that address the actions Caesarstone took and continues to take in support of its employees and communities in the wake the global COVID-19 pandemic. Caesarstone recognizes the opportunities for strengthening the Company in a year of unprecedented challenges.
Caesarstone’s first voluntary global ESG report is a significant milestone that demonstrates its commitment to serving its customers, employees, and stockholders. Caesarstone continues to look to the future and publishes the progress of its ESG priorities in successive ESG reports.
Caesarstone’s 2020 Global ESG Report is available on the company’s websites at http://ir.caesarstone.com/ESG.
Caesarstone is a lifestyle-driven concept company that designs, develops, and produces high-end engineered stones countertops for residential and commercial buildings. Our products are distinguished by their superior aesthetic appeal and flawless functionality. They can be used in a variety of countertop applications and come in a wide range of styles, textures, colors, and finishes. Over 50 countries have Caesarstone products. Visit www.caesarstone.com for more information.
This press release may contain forward-looking statements that relate to future expectations, forecasts, and projections. These statements are protected by the 1995 United States Private Securities Litigation Reform Act. Forward-looking statements can be identified by words such as “goals”, “intend”, “seek,” and “believe,” and may also include statements regarding current expectations, forecasts, and projections about future events. These statements are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about the Company’s sustainability goals, plans, intentions, expectations and assumptions, as well as goals, beliefs, goals, and goals regarding the Company’s business and sustainability vision. These forward-looking statements may also relate to the Company’s plans, objectives, and expectations for future operations. This includes estimates relating to the COVID-19 pandemic’s impact and mitigation measures. Also, these statements could relate to the Company’s expectations and results from its business optimization initiatives. These forward-looking statements are based on management’s current projections and estimates of future results or trends. Actual results could differ materially from the projections due to certain risks and uncertainties, known and unknown. These factors include, among others, the impact of COVID-19 on end-consumers, global economy and Company’s business and results; raw material prices and prices and the effects of challenges in global shipping. The Company’s ability and willingness to realign its business based upon its business optimization initiatives, the strength and safety of the home renovation and building sectors; and the Company’s ability and willingness to manage GHG and silica emissions. These forward-looking statements speak only as of the date of this document. The Company does not assume any obligation to revise or update these forward-looking statements as a result or future events.