Overview Environ. Social. Govern. Appendix
2024 SUSTAINABILITY REPORT
1
December 2025
TABLE OF CONTENTS
03 //
Letter from the CEO
04 //
Overview
About Griffon About thisReport
Approach to Sustainability
12 //
Environmental Priorities
Energy
Air Emissions
Carbon
Emissions
Environmental Performance
Water Waste
Packaging
Chemicals and
Raw Materials
21 //
Health and Safety
Employee Welfare
Employee Development
Social
Responsibility
Diversity and Inclusion
Compensation and Benefits
Community Relations and
Charitable Giving
33 //
Governance
Key Governance Characteristics Board of Directors
Board Committee Structure and Responsibilities
Ethics and Conduct Risk Management
41 //
Appendix
Griffon Corporation ESG Policy
Griffon Corporation Supplier Code of Conduct
SASB Disclosures
UN Global Compact SDGs
Links to Supporting Materials
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MESSAGE FROM OUR CEO
I am pleased to present Griffon's fourth annual Sustainability Report for CY2024. Sustainability has long been an important part of the way we operate Griffon's businesses, and this will continue to be the case into the future. In 2021, we began publicizing our sustainability program and communicating our annual achievements. We are proud of our accomplishments to date and are committed to continuous improvement.
In 2022, we established an overarching goal of a 30 percent reduction by 2030 in six key metrics - Carbon Emissions, Air Emissions, Water Consumption, Hazardous Waste Generation, and Lost Time and Recordable Injury Rates. We are happy to share the progress we have made toward these goals in this report.
Griffon reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labor, Environment, and Anti-Corruption. As part of our commitment, in 2022, we adopted a Supplier Code of Conduct. The principles in the SCC are aligned with our guiding values as an organization and we remain committed to ethical business practices, strong governance, focusing on enhancing sustainability and supporting our local communities.
We continue to strive to be good corporate citizens and identify opportunities for our company and employees to make a difference. Griffon supports and encourages charitable giving of time, resources, and
money across more than 100 charitable and community organizations.
To measure our progress, this report highlights our initiatives under the following principal themes:
Environmental Performance: Despite our limited exposure to environmental risks, we are committed to environmental programs. We have invested millions of dollars in energy consumption improvements, including reducing our carbon footprint at operating facilities, using renewable energy, reducing packaging, and increasing the use of recyclable and plant-based materials in our products. We had no material environmental notices of violation or penalties in 2024.
Social Responsibility: Griffon remains committed to an inclusive and safe workplace where everyone is respected, empowered, and supported. Our people are our greatest asset, and we are proud of the safe workplace culture we have cultivated. We continue to make investments to enhance our facilities and training programs with an emphasis on worker health and safety. We will continue to collect employee health and safety data and compare ourselves to industry standards with a goal to outperform our peers.
We are incredibly proud of the communities in which we operate, and the help and support we are able to provide through our charitable giving and community relations efforts.
Governance: We have taken steps to further improve our independent, diverse, and qualified Board of Directors, which has an important role in overseeing our sustainability strategy. In 2022, we declassified our Board so that each director is up for election annually. In the same year, we committed to further diversify our Board such that, by 2025, 40% of our independent directors will be women or persons of color. We met this goal during 2024, as women and persons of color now constitute 45% of our independent directors. These changes demonstrate our commitment to maintaining best-in-class governance practices.
We are committed to a strong and meaningful sustainability program. By setting goals and benchmarking our progress, sustainability is weaved into our operations and culture. The foundation we are building will enable us to continue to make an impact for our employees, communities, customers, and investors. We look forward to sharing our milestones.
Ronald J. Kramer
Chairman and CEO
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OVERVIEW
Overview Environ. Social. Govern. Appendix
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ABOUT GRIFFON CORPORATION
Griffon Corporation is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them, and manages their capital structures. Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. As long-term investors, we intend to continue to grow and strengthen our existing businesses, and to diversify further through investments in our businesses and acquisitions. Griffon and its subsidiaries are located throughout the United States, Canada, United Kingdom, Ireland, Australia, and New Zealand.
1. As ofi September 30, 2025 5
1959
Year Founded
5,1111
Employees Worldwide
121
Manufacturing Facilities
GFF
Publicly traded on NYSE since 1994
NYC
Headquarters
GRIFFON'S SEGMENTS
HOME & BUILDING
PRODUCTS (HBP)
CONSUMER & PROFESSIONAL
PRODUCTS (CPP)
HBP conducts its operations through Clopay Corporation (Clopay). HBP is a leading provider of residential and commercial sectional doors, and rolling steel door and grille products in North America
Residential and commercial sectional garage doors are sold through professional dealers and leading home center retailers throughout North America under the brands Clopay, Ideal, and Holmes
Rolling steel door and grille products designed for commercial,
industrial, and institutional use are sold under the Cornell, Cookson, and Clopay brands
3,096 employees1
CPP is a leading designer and global provider of branded consumer and professional tools, residential ceiling fans, commercial and
industrial fans, home storage and organization products, and
landscaping products. CPP's products enhance indoor and outdoor lifestyles
CPP sells products globally through a portfolio of leading brands including AMES, True Temper, Razor-Back, ClosetMaid, and Hunter Fan
1,978 employees1
1. As ofi September 30, 2025
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ABOUT THIS REPORT
We are pleased to be delivering our fourth annual Sustainability Report. As a sound practice of transparent reporting, we remain committed to sharing our progress against our goals and objectives.
This report addresses Griffon Corporation and its wholly-owned subsidiaries (all
companies controlled by Griffon) during Calendar 2024. Metrics were gathered from significant operating locations, defined as locations having 25 or more employees as of January 1 of each year. This report is benchmarked against the United Nations Global Compact (UNGC) Sustainable Development Goals and the standards of the Sustainability Accounting Standards Board (SASB).
As appropriate, significant developments that have occurred since the conclusion of 2024 may be referenced and more fully developed in subsequent reports. These developments may include significant changes to strategy and updates to Griffon's practices and policies.
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ESG POLICY
30% BY 2030 Campaign
Griffon has set a reduction target - 30% by 2030 - across six key metrics: carbon and air emissions, water consumption, hazardous waste generation, and lost time and recordable injury rates. We will track progress against a 2022 baseline and report on our that progress each year.
Accountability
Our sustainability and ESG efforts are managed by our executive team and the Environmental, Social, and Governance Management Committee (ESG Committee), which consists of the Griffon COO; CFO; General Counsel; Vice President, Corporate Strategy and Development; and Business Segment Presidents.
Our Audit Committee is responsible for overseeing Griffon's
ESG Program.
Griffon is committed to operating its businesses in a manner that adheres to strong governance practices, sustains the environment, and protects the health, safety, and well-being of its employees. Our ESG Policy commits to:
Sustainability
A Focus on Our Employees
Compliance
Human Rights and Economic Inclusion
Stopping Human Trafficking
Strong Governance Practices
Integration of ESG Principles
Collaboration with Customers, Suppliers and Contractors
Support of Community and Government Initiatives
Continuous Improvement
United Nations Global Compact
Sustainable Development Goals
Board and Management Oversight
The Audit Committee formally reviews the sustainability report and program plan on an annual basis and discusses sustainability considerations with management. The ESG Committee, composed of executives from Griffon, HBP, and CPP, sets Griffon's strategy relating to sustainability matters and develops, implements, and monitors initiatives and policies.
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APPROACH TO SUSTAINABILITY
CommitmentIn addition to subscribing to the United Nations Global Compact, we have revised our policies to ensure that Griffon will be a responsible corporate citizen by implementing sound ESG principles. We monitor for potential human rights and human trafficking violations. We will never use or tolerate the use of human trafficking, forced labor or child labor as defined by the International Labour Organization, and require the same of our business partners. We ensure that our suppliers share our goals by requiring them to adhere to our Supplier Code of Conduct.
Management SystemsGriffon facilities utilize management systems to identify risks, design mitigating measures, confirm implementation of mitigating measures, and periodically assess program effectiveness. As a general matter, Griffon does not register its facilities to the various ISO standards because it believes that these standards are overly bureaucratic and not substantively effective.
Monitoring & ReviewESG considerations are monitored in the same manner, and to the same extent, as financial considerations. Griffon operating companies collect metrics and periodically report to executive management on our progress in meeting environmental and social goals. We began tracking environmental impact metrics in earnest in 2021. Our data collection methods continue to improve, and this report reflects our best efforts to collect and present information relating to these metrics. Certain data from prior years may have been updated to conform to the current year's presentation. Each significant operating location must calculate and inform executive management of its score for environmental and social performance on a quarterly basis.
Griffon has established an internal standard requiring that every new operating location, piece of equipment, chemical, or process change undergo review and approval by an Environmental, Health, and Safety (EHS) professional with at least five years of experience. This formal process, internally reviewed by sustainability teams consisting of external and internal personnel, ensures that ESG considerations are incorporated into any relevant change at a Griffon facility.
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SUSTAINABILITY PRIORITIES
Griffon's Sustainability Priorities are based on material items that we believe are of importance to our stakeholders and represent areas in which existing work has been accomplished and opportunity exists. In determining these priorities, we consulted stakeholder groups and relied heavily on the criteria established for our industries by the Sustainability Accounting Standards Board (SASB).
Environmental Performance Social Responsibility GovernanceReduce CO2 footprint over time
Reduce environmental impact on the planet
ObjectivesManage environmental impact from manufacturing
Encourage and facilitate recycling
Reduce waste
Energy Consumed and Percent Renewable
MetricsWood Supply Chain Impacts
Management of Chemicals and Wastes
Product Lifecycle Environmental Impact
Water Consumption and Packaging
Keep workers safe
Ensure long-term viability and sustainability of the business
Provide tangible and outward support for the community
Sustain employee growth to support success of
the business
Develop better ideas and products with a
workforce that represents the communities in which we operate
Ensure our business partners share our goals
Amount of Community Involvement and Charitable Giving
Employee Development
Diversity and Inclusion
Occupational Health and Safety Performance
Auditing for compliance with Supplier Code of Conduct
Protect interests of stakeholders
Protect employees, suppliers, customers, and community
Prevent risks and increase organizational sustainability
Ensure commitment to ESG
principles extends through supplier/supply chain activities
Transparency and Board of Directors Activities / Independence
Business Conduct and Ethics
Enterprise Risk Management
Impact of Supply Chain
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