Herman Miller designs, manufactures, sells and distributes office furniture systems, seating products, other furniture elements, textiles and home furnishings. The company has manufacturing facilities in the United States, China, Italy and the United Kingdom and sales offices and dealers in over 100 countries. Headquartered in Zeeland, Michigan, Herman Miller has approximately 7,000 employees.
Herman Miller’s longstanding responsibility initiatives focus on sustainable business practices, community service and inclusiveness. The company focuses its environmental initiatives through a program called Earthright, which sets goals in three areas: resource smart, eco-inspired design and community-driven participation. Herman Miller has ten year commitments to eliminate all types of waste from facilities, use 50% less water, achieve a 50% reduction in energy intensity and to generate 50% more on-site renewable energy. The company also purchases renewable energy credits for all of its electricity use, conducts life cycle assessments for a majority of its products, uses only Forest Stewardship Council certified wood and has received numerous additional certifications for its products’ sustainability. In order to engage the communities in which it conducts business, Herman Miller Cares operates as an employee-led grass roots program concentrating on five areas: Environment; Essential Human Needs; Health; Education; Design, Arts and Culture. The company also has created an Inclusiveness Resource Team and an award-winning Supplier Diversity Program.
Concerns have been raised over Herman Miller’s dispersed ownership structure and classified Board of Directors.
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 06/30/2017 and may not reflect current opinions or subsequent events.