Latham Group, Inc., the largest designer, manufacturer and marketer of inground residential swimming pools in North America, Australia and New Zealand, has published its 2023 Environmental, Social and Governance Report. The report highlights the company’s substantial progress in several areas, including refinement of its greenhouse gas emissions baseline, waste reduction, improved energy efficiency, improvements in employee retention and safety and continued enhancements to its governance framework.
Environmental
Latham recycled thousands of tons of materials, including scrap vinyl, galvanized steel and aluminum and achieved a 50% reduction in waste from fiberglass pool production compared to 2022. The company also expanded its use of energy-efficient LED lighting to nearly half of its fiberglass facilities. Measures such as adopting acetone alternatives and extending the use of Regenerative Thermal Oxidizer technology to reduce emissions have further minimized Latham’s environmental impact.
Social
In the social sphere, Latham focused on its most valuable asset — its people. The company saw a substantial reduction in safety incidents in 2023. By expanding employee assistance programs and enhancing mental health resources, it also achieved a 45% reduction in employee turnover since 2021. Diversity and inclusion remained a key priority, with 20% of Latham’s U.S. workforce including minorities.
See also
Governance
Latham updated its Code of Conduct and Human Rights Policy, making them publicly accessible, and 100% of its employees completed ethics and compliance training. ESG oversight was strengthened through the Nominating and Corporate Governance Committee of Latham’s board of directors, which regularly reviewed progress and provided guidance to management.
“Our 2023 ESG Report tells a powerful story of progress,” says Scott Rajeski, president and CEO of Latham Pools. “As a team, we look forward to continuing our journey of continuous improvement and remain committed to leading by example for the entire industry.”
For more information, visit LathamPool.com.
