Fastenal Highlights Achievements in 2024 ESG Report - Modern Distribution Management

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Fastenal Highlights Achievements in 2024 ESG Report

In 2023, Fastenal achieved workplace safety results and launched a large-scale plastic recycling program.
Fastenal box

Winona, MN-based distributor Fastenal’s recently published 2024 ESG Report details its performance and progress on key long-term environmental, social, and governance goals in 2023.

Some highlights from the report”

  • Received a silver medal from EcoVadis, indicating that the quality of Fastenal’s sustainability management system ranked in the top 25% of all companies in all industries rated by EcoVadis in 2023.
  • Completed a scope 3 materiality assessment, an step to further broaden the company’s carbon inventory and establish baselines for science-based targets.
  • Launched a large-scale plastic recycling program with Trex Company, which uses the material to manufacture composite outdoor decking products. The teams in Fastenal’s North American distribution centers and in-market locations are on pace to divert more than 600,000 pounds of plastic waste in the first year of the program.
  • Continued to achieve workplace safety results, including a Experience Modification Rate (EMR). EMR is a widely accepted measure of an organization’s health and safety risk determined by the National Council on Compensation Insurance based on a company’s expected workplace injuries versus other organizations with similar characteristics. In 2023, Fastenal’s EMR was 51% better than the average performance rate for its industry group.

On MDM’s 2023 Top Distributors Lists, Fastenal was No. 6 for Industrial, No. 4 for MRO, No. 7 for Fluid Power and No. 1 for Fasteners.

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