Benchwick, a provider of home improvement solutions and a subsidiary of Northann Corp, has released a Baseline Environmental, Social, and Governance (ESG) Report.
Benchwick CEO Jane Smith said the report highlights the company's progress and serves as a roadmap for further advancements in the company's ESG initiatives.
Some highlights of the report include:
- As part of Northann’s carbon neutral initiative, which aims to revolutionize packaging practices, the company said it is committed to replacing traditional packaging materials with biodegradable, compostable, or recycled alternatives. Additionally, the company said it implements minimal packaging designs that minimize material usage while ensuring the protection of its products.
- An employee turnover rate of 1% in 2022.
- Zero work-related injuries or fatalities in 2022.
- Entry-level employees in China earn $500 each month, 1.38 times the local minimum wage of $363 per month as of 2023. Entry-level employees in the United States earn a wage comparable to the local minimum wage.
Benchwick unveiled new artificial intelligence (AI) and sustainable technologies at TISE 2023. Read the story here. The company also recently acquire a European patent for 3D printing. Read the story here.