Winnebago Industries commits to Net-Zero Greenhouse Gas Emissions by 2050
October 15 2021 - 9:00AM
Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor lifestyle
product manufacturer, advances its commitment to environmental
sustainability by joining the Business Ambition for 1.5°C. The
company has set a goal to achieve net-zero greenhouse gas emissions
by 2050 and commits to setting a science-based target through the
Science Based Targets initiative.
The Business Ambition for 1.5°C is a campaign led by the Science
Based Targets initiative (SBTi) in partnership with the UN Global
Compact and the We Mean Business coalition. The commitment is
designed to engage businesses, aligned with other stakeholders, to
set science-based targets to limit global temperature rise to 1.5°C
above pre-industrial levels, a goal made more relevant by the UN
Intergovernmental Panel on Climate Change’s recent report.
“Winnebago Industries cares deeply about the outdoor spaces we,
and our customers, love to explore. Joining the Business Ambition
for 1.5°C is an important step forward,” said Michael Happe,
Winnebago Industries President and CEO. “As an outdoor lifestyle
company, we are committed to doing our part to ensure that our
employees enjoy livable communities and that outdoor destinations
are sustained for the next generations of outdoor enthusiasts.”
In the coming months, Winnebago Industries will work with the
Science Based Target initiative and external validators to develop
and enact a plan to achieve net-zero emissions by 2050. Advancing
environmental sustainability is a key focus of the company’s
corporate responsibility strategy, which evolved in 2018 to advance
environmental, social and governance priorities.
High-level sustainability goals include:
- Zero Waste to Landfill, with 90 percent diversion of waste by
2030.
- Net-Zero Greenhouse Gas Emissions by 2050.
- Reduce fresh water use by 30 percent by 2050.
- Advance Product Sustainability with eco-friendly upgrade
options on all new products by 2025 and product lifecycle
assessments by 2030.
“Our environmental sustainability goals underscore our board and
leadership team’s long-term view and commitment,” said Stacy
Bogart, Winnebago Industries Senior Vice President, General Counsel
and Corporate Responsibility. “Our team is engaged. We are ready to
innovate and evolve to achieve these goals.”
Rick Puckett, who joined the company in 2017 leading
environment, health, safety and security, will lead environmental
sustainability in his new role as Vice President of Environment,
Health, Safety and Sustainability. Puckett reports to Chris West,
Senior Vice President of Enterprise Operations and serves as goal
owner on the cross-functional enterprise corporate responsibility
advisory team. Kim Peterson, Director of Environment and
Sustainability, joined Winnebago Industries in September in a newly
created role and will partner with business leaders throughout our
Winnebago, Grand Design RV, Chris-Craft, Newmar and Barletta
businesses.
Learn more and follow our progress at
winnebagoind.com/responsibility.
About Winnebago Industries Winnebago
Industries, Inc. (NYSE: WGO) is a leading U.S. manufacturer of
outdoor lifestyle products under the Winnebago, Grand Design,
Chris-Craft, Newmar and Barletta brands, which are used primarily
in leisure travel and outdoor recreation activities. The Company
builds quality motorhomes, travel trailers, fifth wheel products,
as well as open bow, center console, dual console and pontoon boats
and commercial community outreach vehicles. Winnebago Industries
has multiple facilities in Iowa, Indiana, Minnesota and Florida.
For access to Winnebago Industries' investor relations material or
to add your name to an automatic email list for Company news
releases, visit investor.wgo.net. Media Contact: Chad Reece -
Corporate Relations - 641-585-6647 – creece@wgo.net
Contact: Steve Stuber - Investor Relations -
952-828-8461 - srstuber@wgo.net
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