HNI Corporation Achieves Better Climate Challenge Emissions Goal

HNI Corporation (NYSE: HNI) announced today it has been recognized by the U.S. Department of Energy (DOE) for achieving its scope 1 and 2 emissions reduction goal as a partner in the Better Climate Challenge. HNI has reduced scope 1 and 2 emissions by 64% through the purchase of renewable electricity and energy efficiency efforts across its portfolio.

HNI is committed to combating climate change and to creating a better, more sustainable, tomorrow. In addition to being one of the market leaders partnering with DOE to set portfolio-wide emissions reduction goals, HNI relies on a strategy that incorporates the use of renewables, energy efficiency measures and new technology to drive improvement and integrate sustainability in HNI’s processes and products.

“Our Better Buildings Goal Achievers are leaders in their industries—demonstrating that we can reach the nation’s ambitious climate goals if we work together and commit to excellence,” said DOE Principal Deputy Assistant Secretary for Energy Efficiency and Renewable Energy Jeff Marootian. “Congratulations to the 2023 achievers, who are accelerating innovative solutions to use less energy, reduce emissions, and save money for American families and businesses. We appreciate their dedication and hope more partners can join us as we build our clean energy future.”

“We are proud of this achievement and grateful for the partnership with the DOE. We rely on the collaboration, resources, and tools that the DOE provides to help us on this journey. We take a moment to acknowledge this achievement but know we need to keep pushing forward and further to increase our efficiency and to make a significant contribution in the fight against climate change,” said Lisa Brunie McDermott, HNI’s Director of Corporate Social Responsibility.

About HNI Corporation

HNI Corporation (NYSE: HNI) has been improving where people live, work, and gather for more than 75 years. HNI is a manufacturer of workplace furnishings and residential building products, operating under two segments. The Workplace Furnishings segment is a leading global designer and provider of commercial furnishings, going to market under multiple unique brands. The Residential Building Products segment is the nation's leading manufacturer and marketer of hearth products, which include a full array of gas, electric, wood, and pellet-burning fireplaces, inserts, stoves, facings, and accessories. More information can be found on the Corporation's website at www.hnicorp.com.

About DOE’s Better Building Initiative

The Better Climate Challenge is one component of the Better Buildings Initiative, through which DOE partners with more than 900 public and private sector organizations to make commercial, public, industrial, and residential buildings more efficient, thereby saving energy and money while creating jobs. Discover more than 3,000 proven efficiency solutions from these partners in the Better Buildings Solution Center.

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The HNI Stock at the time of publication of the news with a raise of +1,29 % to 31,50USD on Lang & Schwarz stock exchange (30. Oktober 2023, 15:25 Uhr).