Babcock Lumber Company

2220 Palmer Street PO Box 8348, Pittsburgh, PA 15218

Founded in Pittsburgh in 1889, Babcock Lumber produces hardwood lumber products (dimension lumber, plywood, flooring, logs, and other millwork), custom laminate and solid surface countertops, and floor and roof trusses. Babcock Lumber operates five hardwood manufacturing plants in Alabama, Pennsylvania, and West Virginia. It also distributes building materials such as siding, insulation, doors, and windows, as well as kitchen and bath fixtures, sinks, and cabinets, through ten facilities in Florida, Illinois, New York, Ohio, Pennsylvania, and West Virginia.

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2.7

Overall Excellence Rating

Industry

Farming Ranching & Forestry

Category

Agriculture & Forestry

ESG/Ethical Impact

Sustainability is an integral part of our corporate strategy and how we do business and it underpins our corporate Purpose: to create a safe and secure world, together. We have done a lot in the past year to drive our sustainability programme across the Group, ensure progress towards our corporate commitments and deliver our five ESG priorities shown below. During the year we progressed our corporate environment, social and governance (ESG) strategy, which focuses on the operations and strategy of the Group. We expanded our corporate commitments to incorporate broader environmental targets, see pages 57-59. We also created new Group policies and guidance to support appropriate governance of our sustainability programmes. Climate action is a key focus: we are continuing to progress our decarbonisation programme (Plan Zero 40) across the Group. Aligned with the Plan Zero 40 pathway announced last year, we commenced baselining our carbon footprint and are on track to submit carbon reduction targets to the Science-Based Targets initiative by April 2023. These are to be achieved by 2030 and will set us on course for decarbonising our estate, assets and operations to reach our overarching goal of net zero emissions by 2040. We want to have a positive impact on the communities in which we operate, to be a good neighbour and contribute to the local economy through social value initiatives. This year we developed a Group-wide Sponsorship and Donations policy which is aligned to our corporate Purpose and is supported by local activity. In January the Executive Committee also agreed to launch a Group-wide volunteering programme, which will allow every employee to volunteer for one day per year.

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Awards Received

2023

Revenues

$38,200,000.00

Website Traffic

Employee Rating

3.6

Customer Rating

3.7

Company Size

100-1000

ESG Risk Rating

3

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