SUSTAINING DURABLE GROWTH
2022 ENVIRONMENTAL, SOCIAL, AND GOVERNANCE REPORT
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Table of Contents
03 CEO LETTER
- VULCAN AT A GLANCE
- 2022 HIGHLIGHTS
- GOALS & PROGRESS
08 PEOPLE
09 Introduction
- Training & Career Growth
- DE&I
- Employee Community & Support
- People: What's Next?
- HEALTH & SAFETY
- Introduction
19 Safety Culture
- Occupational Health and Industrial Hygiene
- Health & Safety: What's Next?
- ENVIRONMENTAL STEWARDSHIP
- Introduction
- Greenhouse Gas Emissions and Climate Change
- Energy
- Air Quality
- Land Use & Biodiversity
- Waste Reduction & Recycling
- Water
- Product Sustainability
- Environmental Stewardship: What's Next?
- NEIGHBORS & COMMUNITY
- Introduction
- Indigenous Rights & Tribal Relations
- Community Relations & Disaster Aid
- Vulcan Materials Company Foundation
- Neighbors & Community: What's Next?
- GOVERNANCE
- Board Oversight
- Internal Oversight
- SUSTAINING DURABLE GROWTH
- 2022 PERFORMANCE DATA TABLE
- SASB FRAMEWORK INDEX
Vulcan Materials Company 2022 ESG Report 2
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CEO Letter
The Vulcan Way is doing the right thing, the right way, at the right time.
We have a long history of servicing our customers and delivering results to our shareholders while embodying our commitments to people, to the safety and health of our Vulcan family members, to environmental stewardship, and to the neighborhoods and communities in which we live, work, and play. These commitments have always been part of the Vulcan Way.
Vulcan's 2022 Environmental, Social, and Governance Report highlights our programs, goals, and policies aligned to the Sustainability Accounting Standards Board (SASB) framework and the Task Force on Climate- Related Financial Disclosures (TCFD).
Most importantly, it highlights the great work of our people and partners.
In 2022, Vulcan focused on recruiting the best, most diverse talent, keeping them healthy and safe, and providing them with career paths and opportunities for growth. We launched WorkforVulcan.com so people looking for careers can learn not only about the work they will do but also about the culture that makes this company great. Technical skills training and other learning opportunities have been made available on mobile devices to all of our employees. Vulcan's new Under the Hard Hat program emphasizes mental health, an important aspect of safety.
We continued to develop a better understanding of our JUHHQKRXVHJDVHPLVVLRQV*+*IRRWSULQW)RUWKHƓUVW
time, we inventoried our Scope 1 and 2 emissions by business segment and fully incorporated acquisitions and divestures into our calculations. We also piloted a Scope 3 supplier engagement program and calculated HPLVVLRQVIRUƓYHRIWKHDSSOLFDEOHUHSRUWLQJ categories. This visibility will help us set new goals and shape effective emissions reductions strategies.
With the COVID-19 pandemic waning, our people accelerated engagement with our community partners as they strengthened educational initiatives, addressed environmental priorities, provided health and human services support, and invested in the civic and economic development of the communities where we work and operate. Over $5 million was donated in 2022 to the
ZRUNRIRXUSDUWQHUVFKRROVDQGQRQSURƓWRUJDQL]DWLRQV from the Vulcan Materials Company Foundation, which complemented our community engagement.
I am so proud of our people and their commitment to this company and to one another. Together we will continue to focus on driving sustainable, durable growth the Vulcan Way.
Sincerely,
J. Thomas Hill
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"The power and potential of Vulcan come from our Vulcan family's dedication to doing the right thing, the right way, at the right time."
J. Thomas Hill
Chairman, President, and
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More information on environmental, social, and governance policies, guidelines, and performance is available at https://csr.vulcanmaterials.com.
Vulcan Materials Company 2022 ESG Report 3
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Vulcan at a Glance
Vulcan is the nation's largest producer of an essential product that goes into nearly all construction projects in our communities: aggregates. The materials we produce - crushed stone and sand and gravel, as well as asphalt and concrete - are used to build our nation's highways and public infrastructure, single-family homes, multifamily communities, manufacturing facilities, and distribution centers. We operate more than 400 aggregates facilities in 22 states, as well as targeted downstream asphalt and concrete operations in strategic markets.
OUR MISSION
Provide quality products and services that consistently exceed our customers' expectations. Be responsible stewards with respect to safety and the environmental impact of our operations and products. Drive value and superior returns for our customers, employees, communities, and shareholders.
- We maintain the highest degree of respect for people - for their dignity, talents, and interests. We believe that empowering, mentoring, training, and rewarding our people helps create a highly engaged and happy workforce and sustainable long-term value.
- We act fairly and honorably to earn the respect and trust of all parties with whom we interact. We hold ourselves to high ethical standards, including abiding by both the letter and spirit of the laws and regulations related to our business.
- We are committed to excellence in all of our activities. We value innovation. We strive to maintain a position of leadership in all our businesses.
DOING THE RIGHT THING, THE RIGHT WAY, AT THE RIGHT TIME. IT'S THE VULCAN WAY.
1 Aggregates and asphalt production are measured in short tons (tons). Ready-mixed concrete is measured in cubic yards and converted to tons. Conversion calculation: 1 cubic yard concrete = 4,000 pounds (or 2 tons).
11,974 employees
in 22 U.S. states; Washington, D.C.; and the U.S. Virgin Islands, the Bahamas, Canada, Honduras, and Mexico
235,039,000 tons1
2022 Total Production Volume
$7,315.2 million
2022 Total Revenue
Vulcan Materials Company 2022 ESG Report 4
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In 2021, Vulcan made a major acquisition, U.S. Concrete, as well as several smaller acquisitions, and we expanded our footprint to Canada, New York, New Jersey, and the U.S. Virgin Islands. Data from the U.S. Concrete
AGGREGATES FACILITIES
acquisition was not included in the 2021 ESG Report.
In 2022, we acquired aggregates, ready-mixed concrete, and asphalt operations in three states and Honduras, and we divested concrete operations in New Jersey, New York, and Pennsylvania. Data for 2022 acquisitions and divestitures is included in this 2022 report.
Vulcan has three primary operating segments: Aggregates, Asphalt, and Concrete. A fourth reportable segment, Calcium, accounts for less than 1% of total production volumes and revenues.
Aggregates are made up of primarily crushed stone, produced by drilling and blasting stone within our quarries, and sand and gravel. They are used in
the foundational building of cities, towns, and transportation networks. Aggregates are also used as input in both asphalt mix and ready-mixed concrete.
- 404 facilities, including distribution yards and recycling operations
- 236.4 million tons shipment volume (235.0 million tons production volume), total
DJJUHJDWHVVKLSPHQWVLQFUHDVHGUHŴHFWLQJ shipment contribution from acquisitions and healthy construction activity levels. - $4,723.3 million revenue, 65% of total
ASPHALT SEGMENT
Aggregates make up 95% of asphalt mix, which also includes asphalt ELQGHUDGGLWLYHVDQGPRGLƓHUV Asphalt serves as the paving surface for 94% of the paved roads and highways in the U.S.
- 71 facilities
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12.2 million tons shipment volume,
7% increase over 2021 - $990.2 million revenue, 13% of total
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Western Mountain West
CONCRETE SEGMENT
Southwest
Southern & Gulf Coast
South
East
Central
Northeast
States where Vulcan is integrated into additional product lines:
Asphalt
Concrete Calcium
Ready-mixed concrete is made XSRIƓQHDQGFRDUVHDJJUHJDWHV cementitious binders, and water. Concrete is a durable, strong, water-tight, and abrasion-resistant material, making it desirable for a variety of construction projects.
- 142 facilities
-
10.5 million cubic yards shipment volume,
LQFUHDVHRYHUUHŴHFWLQJVKLSPHQW contribution from acquisitions. Same-store
VKLSPHQWVZHUHHVVHQWLDOOŴDW - $1,593.9 million revenue, 22% of total
Vulcan Materials Company 2022 ESG Report 5
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Vulcan Materials Co. published this content on 20 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2023 14:55:29 UTC.