Business
Fox Factory Releases First Global Sustainability Report
DULUTH, Ga., June 06, 2022 (GLOBE NEWSWIRE) -- On the heels of World Environment Day, Fox Factory is proud to publish its 2021 sustainability report, building
About this update from Fox Factory Holding Corp.
[{"type":"text","content":"DULUTH, Ga., June 06, 2022 (GLOBE NEWSWIRE) -- On the heels of World Environment Day, Fox Factory is proud to publish its 2021 sustainability report, building the foundation for the company to enhance its environmental, social and governance performance. “Over the past several years, we have gone through transformational growth in every possible way. With this, comes the responsibility to create value for the economy, the environment, and people while reducing adverse effects,” said Mike Dennison, President and Chief Executive Officer. “The better we get at that, the better we become.” The report includes the results of the company’s first materiality assessment which led to the creation of the Fox Factory Frontiers sustainability strategy. This release is a summation of the organization’s current state which provides a foundation for identifying opportunities and setting long-term sustainability goals in the coming months. “Our mission is to challenge the impossible which now includes exploring ways to become a new kind of champion when it comes to making a positive impact. In the spirit our Fox Core Value of Leadership, “doing the right thing” includes considering what we can do for the world around us. We are standing in front of a long adventure, and we acknowledge that we are just at the beginning of it,” said Jackie Martin, Chief Purpose and Inclusion Officer. “Today, we are taking a big step by comprehensively reporting on our starting point for the first time.” Key highlights for each strategic pillar outlined in the 2021 sustainability report include: Product – Redefining Sustainable PerformanceFox Factory is forging a new path where we keep maximum performance as our goal while discovering processes and innovation aligned with sustainability objectives. In 2021, the organization: Completed an emissions cradle-to-gate life-cycle assessment screening for four of our high-volume products as a baseline for understanding sustainable innovation opportunities. People – United in Shared Well-being and AdventurePeople are Fox Factory’s greatest asset. To protect and promote talent, the company is working to harness the power of diverse experiences and is partnering with nonprofit organizations externally to help make the world a better place to live, learn, work and, of course, ride. Last year, the company initiated the followi...