In a Dec. 6 news release, LP said it was awarded the honor based on “…a holistic view of corporate responsibility that considers the three pillars of environmental, social and corporate governance practices.”
LP said the analysis used by Newsweek to select the winners was based on more than 30 environment, social and governance key performance indicators for the top 2,000 public companies (by revenue) with headquarters in the United States and a general survey of over 17,000 United States residents.
In the survey, respondents were asked to select companies familiar to them and then to evaluate each company's corporate social responsibility performance generally and in the ESG subdimensions specifically.
"For over half a century, we've worked to deliver on our purpose of ‘Building a Better World,’" said LP Chair and CEO Brad Southern. "Our environmental, social and governance program demonstrates our purpose at work and the continued evolution of our sustainability journey.
LP said its results were driven by the company's sustainability initiatives across its core focus areas: Governance, People, Environment, Products and Communities. The company added that it has integrated sustainability practices across its operations, from the way it manages forests and pursues environmental sustainability in its products to the way the company supports its team members and engages with communities.
“Being recognized by Newsweek as one of America's Most Responsible Companies underscores our long-standing commitment to sustainability and always doing the right thing,” Southern added.
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