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By the end of fiscal year Foundation had invested over $400 million in veteran causes.
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The Foundation committed more than $2021 to disaster response.
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The Homer Fund granted $associates affected by natural disasters in 2021.
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We have pledged to produce or procure renewable electricity equivalent to the electricity needs for all Home Depot facilities worldwide by 2030.
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We have pledged to produce or procure megawatts of renewable or alternative energy by 2025.
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We have set a science-based target to reduce our Scope to achieve a 40% reduction by 2030 and a 50% reduction by 2035.
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We have a current score of A- from the Carbon Disclosure Project.
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We are building a more diverse, equitable and inclusive organization, within our enterprise and the communities we are proud to serve.
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Grounded in our core values, we have the conviction, capabilities, and tools to make a difference for our associates, community partners and suppliers.
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Since community organizations working to improve social equity and further our diversity commitments.
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We partner with organizations that provide our diverse suppliers with certification and education, as well as capital and networking opportunities.
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Our Corporate Governance and Code of Conduct policies detail our commitment to workplace diversity, equity and inclusion.
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We are committed to providing an environment that’s inclusive to all people.
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We combine our individual talents, skills and experiences to enrich the lives of our associates, customers and communities.
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CANADA The Home Depot began operating in Canada in 1994.
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Our Associate Resource Groups (ARGs) are led by associates and sponsored by executive leaders.
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In virtually to celebrate diversity, raise culture awareness and foster professional development.
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We also hosted each sponsored by an ARG and the DEI team.
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In Foundation’s Orange Door Project Grant Program donated CA$1.35 million to youth charitable organizations supporting their renovation, prevention and employment & life skill programs targeting youth homelessness.
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Operate Sustainably Here are a few ways we improved sustainability in SUSTAINABLE SHREDDING The Home Depot Canada provided over 260,000 pounds of shredded paper for recycling in 2021.
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pounds organizations million in TradeWorx metric tons of cardboard resulting in all of household electronics, power tools, cellphones and other rechargeable batteries for responsible recycling via our customer take-back program. and granted CA$12.39 million.
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partners, an investment in organizations across Canada to empower youth with the skills and certifications in the trades, helping them secure resources and attain permanent housing. from our stores and distribution centers.
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Canadian store interiors converted to LED by the end of reduce The Home Depot stores’ energy consumption.
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in our regional partnerships, supporting innovative programming to prevent and end youth homelessness.
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to help prevent and end youth homelessness, one year earlier than planned.
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CHECK IT OUT Over the last Canada have decreased electricity use by 43.7%.
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See how this contributes to our total company goals to operate more sustainably.
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In and we employed more than 19,000 associates who proudly wear the orange apron.
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pesos (US $2.85 million) in merchandise to nonprofit organizations.
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In our program has donated 1.2 billion pesos ($60M USD).
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Our company donated 9 million+ pesos (US $1.3 million) pesos (US $450,000) during our Round Up fundraising drives for charitable causes.
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In our raised 67.3 million pesos ($3.35M USD).
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We renewed the certification that aims to set indicators for workplaces that demonstrate the adoption and compliance of labor equality and non-discrimination practices.
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Its main objective is for companies to integrate, implement and execute within their management and human resources processes.
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During recognized with the certification Éntrale 2020 for the company’s constant commitment to inclusion for our associates and for working and strengthening the implementation of projects that benefit the hiring and retention of associates with disabilities.
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Living our values has allowed us to be recognized for our Corporate Social Responsibility efforts for the a row, including best practices in all our programs and focusing on maintaining sustainable relationships with our stakeholders to continue providing the best service.
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completed projects focused on schools, public areas, community centers and assistance to people in need.
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Sustainably Our Business Code of Conduct and Ethics provides straightforward information about The Home Depot’s operating principles and offers tools to help associates make decisions that align with our ethical and legal obligations.
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The code applies to associates worldwide, and the company expects them to comply with the code and with all applicable laws and regulations in countries in which we do business.
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In particular, the code outlines The Home Depot’s ethical and legal standards in these areas: We empower associates to speak up when our ethical standards are not being met.
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We encourage them to voice concerns, express doubts, discuss problems and ask questions.
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Reports can be made via thdawareline. com or through a live operator available in local languages.
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Financial integrity and reporting Reports are handled using a case management system.
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We have a longstanding policy that prohibits retaliation for making a report.
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We also provide ways for suppliers, vendors, service providers and their workers to report concerns when they think our Home Depot values or compliance with the law may be compromised.
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Workers in countries from which we source goods may submit anonymous reports via thdsupplieralertline.com.
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In addition, our Supplier AlertLine is answered by a live operator CODE OF CONDUCT Doing the right thing is embedded in our culture.
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That applies to how we serve customers, give back to communities, support our people and conduct our business.
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Government Contracting Our code of conduct applies to our Home Depot family worldwide.
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Sustainably The Home Depot has a long-standing commitment to strong corporate governance, which promotes the longterm interests of shareholders, strengthens Board and management accountability, and helps build public trust in the company.
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At least once a year, our Board discusses our sustainability strategy and activities, including this report.
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Leadership Structure On at least an annual basis, the Board assesses its leadership structure, including the appointment of the Chair of the Board.
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Our Lead Director is annually elected by the independent members of the Board.
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For the past several years, having a combined chairman and CEO, an independent Lead Director, and Board committees composed entirely of independent directors, together with other robust corporate governance practices, has provided strong independent oversight of management while ensuring clear strategic alignment throughout the company.
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In early CEO succession process, the Board split the CEO and Chair roles to support the leadership transition.
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Our former CEO, Craig Menear, remained as Board Chair following the appointment of Ted Decker as CEO and President.
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The independent members of the Board will continue to assess the Board leadership structure over time and determine what best supports the company’s needs.
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Independent directors meet without management We understand our responsibility to behave ethically, to understand the impact we have on people and communities, and to fairly consider the interests of a broad base of stakeholders.
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Our proxy statement offers more details about corporate governance and risk management.
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Go to our Corporate Governance Overview for additional information on our corporate governance practices.
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Sustainably Board Committees Our Board of Directors has established four standing committees, each comprised solely of independent directors and governed by a written charter that sets forth its purpose, composition, powers, duties and responsibilities.
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Board Oversight of Risk The company has a robust framework designed to identify and ensure proper management of risk, including risk related to our ability to operate responsibly and sustainably.
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The framework that we use to identify and manage risk considers a number of enterprise-level issues, including competitive environment, brand and reputation, regulatory and compliance, and security, as well as external and internal factors that could distract the Company from our business or derail our strategic objectives.
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The Board oversees risk through this framework, with oversight accomplished by identifying key risks and mapping them to the appropriate Board Committee or to the full Board.
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Our Board reviews these key risks and the related framework annually, and the full Board or appropriate Board committees discuss selected risks in more detail throughout the year, including the COVID-our enterprise risk framework.
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The table below identifies key risk areas overseen by the Board and its committees.
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Sustainably We actively participate, and encourage our associates to participate, in the political process.
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Our Political Activity and Government Relations Policy provides the framework for our political activity.
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We have a political action committee (PAC) that connects our salaried associates to the political process and pools their personal contributions to financially support pro-business candidates who understand issues of importance to The Home Depot and our associates.
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As a long-standing practice, we do not contribute to presidential campaigns or endorse presidential candidates.
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The Home Depot recognizes that laws at the federal, state and local level impact our business.
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The Home Depot supports trade associations that advocate on behalf of the business community and retail sector and reports annually the aggregate dues paid to those associations that engage in lobbying activities.
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For the first time, The Home Depot has created an Economic Impact interactive map that highlights the importance of its business in communities around the country.
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The map gives a state-by-state breakdown so customers and associates can easily see the impact in their communities.
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Sustainably Oversight of Our Political Activity Our Government Relations department, led by a vice president who reports to our general counsel, manages our political activity.
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The team carefully analyzes our engagement activities, trade association partnerships, and political contributions for alignment with our key priorities, guided by our Core Values.
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All of The Home Depot’s political contributions are made to promote the interests of the company and without regard for the private political preferences of executives or directors.
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The Government Relations team is responsible for ensuring all PAC and corporate political contributions are made in accordance with the law and company policies.
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The team participates in regular trainings and performs routine reviews to monitor compliance.
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The Nominating and Corporate Governance Committee of our Board of Directors provides additional oversight, conducting an annual review of our Political Activity and Government Relations Policy, the company’s political contributions and payments to trade associations that engage in lobbying activities.
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The Nominating & Corporate Governance Committee must approve in advance any public advertisement directly or indirectly paid for by the Company that expressly advocates the election or defeat of a candidate in which Home Depot is identified specifically as an advocate of such election or defeat.
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To date, the company has not made any expenditure for such electioneering communications, and has no present plans to make any such expenditures.
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The Home Depot PAC’s finances, governance and communications are governed by a PAC Board.
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The PAC Board is chaired by the vice president of Government Relations and is made up of representatives from each functional area of the business and each field division to ensure a wide range of experiences and perspectives.
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We provide transparency in our actions by publishing an annual report of the company’s political contributions and the aggregate dues paid to trade associations that engage in lobbying activities, and any independent political expenditures by the Company supporting or opposing ballot initiatives and contributions to ballot measures committees.
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Our political action committee connects salaried associates to the political process and pools their personal contributions to financially support pro-business candidates who understand issues of importance to The Home Depot and our associates.
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PACKAGE $leadership PACs in FY 2021 13,000+ individual contributors in that election cycle Our Core Values drive all strategic decisions inside our company, and we build relationships with elected officials who help enable our ability to implement those strategies to the benefit of our associates, customers, shareholders and communities.
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PAC funds are distributed to candidates and their leadership PACs.
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DISTRIBUTE We work to build relationships with lawmakers who are well positioned to legislate on issues important to THD and our associates.
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CONNECT Legislators make informed decisions on issues affecting our company.
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Taxes are a significant component of The Home Depot’s economic contribution to the countries, states and local communities in which we operate.
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Our commitment to our core values informs how we approach taxes.
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Tax governance is overseen by the Audit Committee of the Board of Directors.
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At least once a year, company leaders report to the Audit Committee regarding our approach to managing taxes.
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We do the right thing for our associates, shareholders and communities by ensuring we pay our fair share of taxes and manage them transparently.
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2) State income taxes and franchise taxes based on income. 3) Income taxes paid in Canada, Mexico, China, Puerto Rico, Guam and the U.S. Virgin Islands.
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BY THE NUMBERS Alignment with Our Business Our corporate entity structure reflects the alignment with our commercial activities to ensure that we pay our fair share of tax commensurate with our business’ geographical footprint and operations within a jurisdiction.
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The Home Depot Privacy and Security Statement provides information about how we collect, use and share information we collect from our customers and visitors.
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We discuss the ways we use the information we collect, and how customers can find out more about the personal information we collect about them, on the Privacy & Security Center page of our corporate website.
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We leverage the National Institute of Standards and Technology (NIST) Cybersecurity Framework as the foundation of our cybersecurity program.
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