Business
Caesarstone Publishes Inaugural Global ESG Report
- Establishes ESG vision and framework to create a more sustainable future and safe working environment for all stakeholders - MP MENASHE, Israel--(BUSINESS
About this update from Caesarstone Ltd.
[{"type":"text","content":"\n- Establishes ESG vision and framework to create a more sustainable future and safe working environment for all stakeholders -\n\n MP MENASHE, Israel--(BUSINESS WIRE)--\nCaesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today announced that the Company has published its inaugural Environmental, Social, Governance (“ESG”) Report.\n\n“At Caesarstone, we are committed to sustainability through continued innovation of our products and greener production processes while remaining focused on a value chain built on environmental, health, and safety practices,” said Yuval Dagim, Chief Executive Officer. “We are happy with our ESG accomplishments to-date and are pleased to have built the framework to accomplish our new ESG goals and help create a more sustainable future for our Company. We believe our success is directly related to how well we take care of our clients, our employees, and our communities and we look forward to position Caesarstone for enhanced long-term value creation.”\n\nCaesarstone prepared its 2020 ESG Report with a framework that relied on Global Reporting Initiative (“GRI”) standards, aspects of the Sustainability Accounting Standards Board (“SASB”) and the United Nations Sustainable Development Goals (“UN SDGs”). Specifically, Caesarstone has aligned with 5 of the 17 UN SDGs focused on: Climate Action; Good Health and Well-Being; Decent Work and Economic Growth; Industry, Innovation & Infrastructure; and Responsible Consumption and Production.\n\nBased on the evaluation, Caesarstone established sustainability goals centered around the following core areas: sustainable products; environmentally responsible production; health and safety; and social responsibility.\n\nIn addition to the ESG goals that Caesarstone establishes in its 2020 ESG Report, portions of the Company’s ESG report are also intended to address the actions Caesarstone has taken and continues to take to support its employees and communities in response to the global COVID-19 pandemic. In a year of unprecedented challenges, Caesarstone recognizes that proactive incorporation of ESG considerations provides opportunities to strengthen the Company.\n\nThe inaugural voluntary global ESG report is an important milestone exhibiting Caesarstone’s efforts to serve its customers, employees and stockhol...