Meeting expansive capabilities with important responsibilities
Woodbridge is committed to Environmental, Social, and Governance principles, which are integrated into every aspect of our organization. This dedication is reflected in our Mission Statement, Purpose, Values, Guiding Principles, Code of Business Conduct and Ethics, corporate policies, and our engagement with the community.
Our relentless pursuit of continuous improvement drives our operations. We conduct our business with a strong emphasis on environmental stewardship, economic prosperity, and social responsibility. Under the guidance of the Woodbridge Board of Directors and Executive Leadership Team, we honor and respect the rights of all our stakeholders, including shareholders, team members, customers, suppliers, and the vibrant communities in which we operate.
This year, Woodbridge published its five-year Strategic Plan, which highlights our relentless focus on Empowering Teammates, Operational Excellence, and Technology and Innovation. As you will see in this report, our ESG program is anchored by these same ambitions, and we maintain our commitment to drive sustainability throughout our business for our customers, Teammates and communities around the world.
The Road to a Carbon-Neutral Future
We are experiencing increasingly severe climate events and are directly affected by the realities of climate change. In response, Woodbridge is actively updating its strategy to lower carbon emissions throughout the entire life cycle of its products. We are prioritizing improvements within our own operations as well as our product lines, while also working closely with suppliers and customers where possible. Consistent with our Strategic Plan introduced in 2024, Woodbridge remains committed to reaching 80% recycled waste by 2028. With respect to our emissions, after recording 484 kg of CO2e per production hour (Scope 1 and 2) at the end of 2024, the company has set a goal to reduce these emissions by 15% by 2028.
WoodbridgeCARES Teammate Community Involvement
Woodbridge believes that each and every person can have a positive impact on the world. WoodbridgeCARES is a global initiative to inspire our Teammates to contribute to the communities in which we operate through volunteerism and philanthropy. The vision for this global effort is to empower Teammates, as individuals or in teams, to seek out opportunities to assist others in need in their communities, such as providing food and supplies for people experiencing food insecurity, housing or medical challenges, distributing toys to less fortunate children, or special assistance for seniors. The initiative also includes responding when fellow Teammates experience a sudden or unexpected setback where help from their team can provide comfort and reassurance.
Teammate Value Proposition
Globally, we empower our Teammates to own and improve their piece of the business each and every day. It is our goal to pursue continuous, self-sustaining improvement and waste elimination accomplished through ongoing learning, training, sharing of information, and the use of lean tools and practices. Our Value Proposition is illustrated through our continuous Strategic Planning initiatives. In 2025, and now more than one year into the five-year Strategic Plan, Woodbridge remains committed to our pillars: Empowered Teammates, Operational Excellence, and Technology and Innovation. These pillars are embedded into everyday activities and supported by KPIs, leadership and strategy sessions, global townhall communications, and are core to our performance management process. To celebrate the new values, we launched a new program in 2025 called APPLAUSE to encourage peer-to-peer recognition of our values. With a goal of 1,500 APPLAUSE recognitions, we exceeded our targets, nearly doubling the amount of recognitions across all Woodbridge facilities.
Code of Business Conduct and Ethics
In addition to complying with all laws, Woodbridge is firmly committed to consistently treating all Teammates, customers, suppliers and the communities in which we operate with honesty, integrity, fairness and respect. Our Code of Business Conduct and Ethics (the “Code”) policy sets out clear standards of behavior that we expect of all Teammates and contains specific guidance with respect to each of the following:
- Compliance with Laws
- Health, Safety and Environment
- Respect for People and Human Rights
- Teammates’ Rights
- Conducting Business with Honesty, Integrity, Fairness and Respect
- Open Door Policy
- Protection of Personal Information
- Financial Reporting
- Compliance with Antitrust and Competition Laws
- Use of Confidential Information
- Company Records
- Bribery and Corruption
- Inside Information
- Conflict of Interest
- Reporting and Compliance Procedures
Woodbridge Code of Business Conduct and Ethics
Woodbridge Code of Business Conduct and Ethics (English version).pdf
Woodbridge Code of Business Conduct and Ethics (Chinese version).pdf
Woodbridge Code of Business Conduct and Ethics (Portuguese version).pdf
Woodbridge Code of Business Conduct and Ethics (Spanish version).pdf
Supply Chain Management, Compliance and Assessment
Woodbridge has formal supply sourcing standards and policies requiring all current and newly sourced suppliers to certify their compliance with applicable laws against human trafficking and slavery. They must also adhere to our Purchase Order Terms and Conditions and Code of Business Conduct and Ethics. We audit any suppliers we have reason to believe may be engaged in any activity that would violate applicable laws. Failure by any of our suppliers to comply with our terms can result in Woodbridge terminating the supply relationship.
Through a planned rollout performed by Corporate Purchasing and Corporate Supplier Quality Assurance, suppliers are evaluated through our Environmental, Social and Governance (ESG) questionnaire and must receive a passing score as part of inclusion on our approved supplier list. As part of our corporate mandate, we aim to assess strategic production suppliers and review their overall quality systems, financial health and corporate social responsibility. Once the questionnaire is completed, our Supplier Scorecard allows for ongoing monitoring of each supplier contracted with Woodbridge. Among other measures, our Supplier Scorecard tracks whether suppliers have industry-recognized environmental and health and safety certifications, such as ISO 14001 and ISO 45001.
Of Woodbridge’s active supply base in 2025, we have a 79% response rate with 100% of those sources achieving a passing grade.
ESG Risk Assessment and On-Site Supplier Audits
Since 2021, Woodbridge has continued to roll out a Supplier ESG Risk Analysis Plan for all new and current suppliers. This strategy evaluates areas of risk to ensure alignment with the supplier’s submitted ESG questionnaire score. The risk-assessed areas are based on component complexity, dollars spent, region and overall ESG score. In 2025, we completed nine digital sustainability audits, bringing our total to 42 on-site and digital audits completed. In 2026, we plan to complete eight additional ESG audits from our active supply base.