Steelcase

Introduction

Steelcase was founded in 1912 by a few people with a strong commitment to integrity and doing the right thing for their customers, employees, business partners, associates and neighbors.

Steelcase is a global, publicly traded company leading our industry with fiscal 2012 revenue of approximately $2.75 billion and nearly 10,000 employees worldwide.

During fiscal year 2013, Steelcase Inc. reported a net income of $38.8 million, or $0.30 per share. Despite goodwill impairment charges and restructuring costs that reduced earnings by well over half, core operating performance continued to improve. Sales rose for a third consecutive year, to $2.9 billion.

Steelcase believes economic value creation should be sought by reducing consumption, polluting less, rethinking production systems and investing in communities.

Four aspects that Steelcase is keen to cover include:

● Economic Value Creation● Customer Satisfaction● Community Aid● Shareholder Value

Profit/Economical

Steelcase has recently focused efforts on producing new product lines like the Gesture chair, the V.I.A.™ architectural portfolio and further expanded its Coalesse® brand into European markets.

New Products

On its 101st year anniversary, Steelcase launched a new Innovation Center at its headquarters in Grand Rapids, Michigan. This center will serve as a global hub for the design and engineering teams to spark more insight-driven innovation.

A Global Innovation Hub

Steelcase makes it a priority to support communities within need of their resources through donating business time, employee talents, and corporate treasures to programs that focus on their core values, which include community and economic development, education, human services, arts and culture, and sustainability.

People/Social

Internationally, Steelcase partners with Arzu, a non-profit organization that empowers Afghan women weavers by providing rent-to-own looms and materials to craft rugs. Weavers must sign a contract to take literacy classes and send their children to school until the age of 15.

Steelcase partners with 2Fysh to produce hand-made slipcovers, providing wages and sustained employment for the widowed and single women in Kenya who make them, and are desperately trying to improve their lives.

Environmental Value Creation

Preserving and renewing the planet is a catalyst for innovation in Steelcase’s business as well as their product portfolio.

Material Chemistry

● Steelcase offers Cradle to Cradle certified products.

● They assess over 600 categories of material for all product lines.

By measuring a product’s impact on the environment during all of its lifecycle phases – materials selection, production, transport, use and end-of-use – Steelcase is able to target key areas to reduce the impact on the planet.

Life Cycle Assessment

Think Environmental: Recycle / Reuse

• “Think” chair was the first product to receive Cradle to Cradle product certification.

• 98% recyclable by weight.• 30% recycled content.• Easy to disassemble for reuse of materials.

Operations, Facilities, and Supply Chains

● To minimizing environmental impact Steelcase keeps careful watch on all their operations, tracking their greenhouse gas emissions, water consumption, energy use, and waste on a global scale.

● Protecting the environment and the health of the people who work in our spaces is core to their strategy.

● Steelcases partners follow the same sustainability and lean goals.

Establishing Benchmarks