LCI Industries, which, through its wholly-owned subsidiary, Lippert Components, Inc. (Lippert), supplies, domestically and internationally, a broad array of highly engineered components for the leading original equipment manufacturers (OEMs) in the recreation and transportation product markets, and the related aftermarkets of those industries, issued its inaugural corporate sustainability report (CSR Report). This report is an important milestone in Lippert’s sustainability management, setting the base on environmental, social, and governance (ESG) topics toward continual and long-term improvement.
“Our commitment to good corporate citizenship and reporting on our efforts is a natural progression for Lippert. The increasing consideration of ESG is very aligned with our corporate values, our culture, and the consumers in our outdoor recreation industry. Building and enhancing our reporting capabilities will drive ongoing tracking of our performance allowing us to keep our stakeholders up-to-date on our sustainability progress,” said Jason Lippert, President and CEO of Lippert. “Our growth and recent innovations along with our increasing focus on ESG will mean our Lippert team members, their families, and our customers will be able to better enjoy the communities where we live, work, and play, long into the future.”
- Lippert has expanded the Board of Directors’ oversight on ESG topics.
- Lippert is releasing material information in line with the Sustainable Accounting Board Standards (SASB) standard for the first time.
- Lippert has successfully transformed its employee culture, reflected in a substantial reduction in its attrition rate from 120% in 2017 to 28% in 2019 and 31% in 2021.
Read Lippert's full Corporate Sustainability report from their website here.