Mohawk named a sustainability leader in state and region
Home Accents Today Staff -- Home Accents Today, May 10, 2011
Atlanta - Flooring giant Mohawk Industries this week was recognized as one of the top five most sustainable companies in Georgia and the Southeast - and the top in its industry.
The manufacturer of area, accent and bath rugs and hard flooring was honored during a ceremony here announcing the 2011 Southeastern Corporate Sustainability Rankings. The companies reviewed for the honor were selected from the largest 3,000 U.S. equities from Georgia, Alabama, Florida, Tennessee, North Carolina and South Carolina. Other Georgia-based companies awarded for exceptional performance included Coca-Cola, NCR, and UPS.
The annual ranking, founded by Mark Callaway Investments and GreenBusiness Works, evaluates companies on a variety of environmental, social and governance (ESG) factors, using information from publically available sources to further encourage company transparency. To be eligible, companies must be publically traded on a major exchange, headquartered in the Southeast, and have a minimum market capitalization of $100 million as of June 30, 2010.
Mohawk was scored in the second quintile of last year's report, but moved up significantly based on information provided in its Annual Sustainability Report.
Mohawk claims to be the first company in the flooring industry to have every step of its sustainability programs verified by a third party resource.
"We are very proud to see how well Mohawk has done in the rankings," said Stephanie Armistead, general manager of GreenBusiness Works. "They began their journey early, and we are thrilled to see they have accelerated the pace in the last few years. Mohawk discovered early what many companies have yet to learn-that people are caring more and more about having healthy products in their homes and their workplace. Also, as Mohawk teaches us-saving resources saves dollars and in light of the recent economic landscape, what company doesn't want to conserve?"
This recognition is the latest of several Mohawk has earned over recent years. The company has been recognized for its sustainability efforts by the U.S. General Services Administration, Wal-Mart Stores, Newsweek's Green Rankings, the Society of Plastics Engineers, and The Partnership for Sustainable Georgia.
This is because of Mohawk's "scores of sustainability initiatives" it has in operation, the company said, including a recycling program that keeps 3 billion pounds of material out of landfills annually and calls for the recycling of 20% of all the plastic bottles reclaimed in North America each year. The company said it recycles more than one billion pounds of wood annually into the core boards for laminate flooring, and more than 500 Mohawk-made products contain some type of recycled material.
Other earth-friendly efforts employed by Mohawk, the company noted, include its use of alternative energy sources and adjusted plant operating hours to use off-peak power for better utility efficiency. In support of the Department of Energy's Save Energy Now LEADER initiative, Mohawk has pledged to reduce its overall energy intensity by up to 25% versus 2009 levels over the next 10 years. The company has also reduced its water usage by more than 50% since 2005, and is committed to a further reduction of 25% from 2008 levels.
"Mohawk is honored to be in the company of world class brands that are dedicated to making the Southeast a model for sustainable business practices," said Bill Kilbride, Mohawk's chief sustainability officer: "We're especially honored to be ranked first in our industry, considering the other sustainability leaders in the flooring business. And we are particularly proud of the work done by our associates to meet our challenging corporate sustainability goals, which would have been impossible to achieve without exceptional work from every one of our employees."