Fortune Brands Innovations today today announces the release of its 2024 ESG Report, which documents the Company’s environmental, social and governance practices, initiatives and opportunities. Learn more below from CEO Nicholas Fink.
Fortune Brands Innovations’ Purpose is to elevate every life by transforming spaces into havens. Whether it’s saving water with our ecosystem of smart products, protecting people at home or at work, using recycled inputs to manufacture composite decking, or reducing carbon emissions through energy and water saving products, we are a company that has success while benefiting people and our planet.
The Moen Flo Smart Water Monitor and Shutoff, our smart leak detection and prevention solution, and Master Lock connected Lockout Tagout (cLOTO), our digital commercial safety solution, are just two examples from our growing digital product portfolio that demonstrate how we bring Fortune Brands’ Purpose to life.
Flo’s success in 2024, both in terms of sales and number of new partnerships with insurance companies, far exceeded our expectations. These new partnerships are helping to increase our digital sales, expand the reach of a solution with incredible water-saving potential, offer peace of mind to homeowners and help combat rising home insurance costs.
Additionally in 2024, we acquired a stake in a connected lockout tagout software platform, and by the end of 2024, had already created a new Master Lock cLOTO solution and begun beta testing it at several sites. We believe our solution has strong market opportunities and added ability to improve safety, helping to prevent serious injury and save lives. These digital products offer bottomline growth opportunities while having real-world positive impacts.
In 2024, we also made progress on our emissions goals. We are using more on-premises renewable energy thanks to the addition of solar power at one of our manufacturing plants, and we have initiated our virtual power purchase agreement. We continue to monitor the environmental regulatory landscape and will remain agile as it evolves.
Our people are behind our brands and are an essential part of how we achieve success. We are especially proud of our strong safety performance and achieving a 2024 total recordable incident rate of less than 1.0. Additionally, we continue to see high participation rates in our bi-annual associate engagement survey and associates engage with our company intranet at above-benchmark rates. We continue to offer a variety of resources, networking and learning opportunities through our learning and development initiatives and our Employee Resource Groups, all of which help us to build an inclusive, respectful culture and a Home For All. These actions help us to attract and retain top talent — something we believe we can be even better at given upcoming changes to our U.S. office footprint.
In early 2025, we announced that we are consolidating our various regional U.S. offices into one state-of-the-art headquarters campus in Illinois. By bringing our teams together across brands and functions, we believe we can better execute our business strategy and give our associates more opportunities to grow their careers. I am very excited for what we can do together in this new, collaborative environment.
I am proud to lead a company where our talented associates are passionate about serving our customers and consumers in an ethical, responsible and sustainable way. We will continue to take our ONE Home approach to how environmental, social and governance processes and initiatives can contribute to brand, innovation and channel leadership.
We are well-positioned for long-term growth and energized by our purpose-driven work.
Nicholas I. Fink
Chief Executive Officer
Fortune Brands Innovations
To download Fortune Brands’ 2024 ESG Report or learn more about the Company’s ESG program, click here.
