Governance

At LP, we’re committed to doing the right thing through purpose-driven governance that promotes accountability, integrity, and transparency. By prioritizing ethical practices, we create sustainable, long-term value for our customers, employees, shareholders, communities, and other key stakeholders.

Sustainability Oversight

Responsibility for sustainability begins with the Governance and Corporate Responsibility Committee (GCRC) of LP’s Board of Directors (Board), which oversees both our sustainability strategy and our progress toward related goals. All independent directors on our Board serve on the GCRC, reflecting their strong commitment to, and engagement with, our sustainability programs and practices.

LP’s Sustainability Executive Council (Sustainability Council) holds management responsibility for our sustainability initiatives. The Sustainability Council reports to the GCRC and comprises members of our Executive Team. The Sustainability Council is led by our General Counsel and oversees the Sustainability Task Force, a cross-functional group of leaders from key departments that meets monthly. The Sustainability Council and the Sustainability Task Force convene quarterly to discuss sustainability strategies and track progress on initiatives.

Our Sustainability Report provides detailed information on our sustainability oversight.

Ethics and Compliance

Our goal is to maintain a reputation for integrity and ethical conduct that is as durable and reliable as our products. LP aims to demonstrate these values every day, and we are committed to upholding the highest ethical standards across all operations.

Our Code of Business Conduct and Ethics and Supplier Code of Conduct outline our standards and expectations.

LP’s Human Rights Policy further details our expectations for working conditions and human rights in our operations. We uphold a Conflict Minerals Policy to prevent the use of such materials in LP products, supporting efforts to end human rights abuses and environmental harm.

LP Confidential, our anonymous business ethics reporting service, is available 24/7, 365 days a year, for anyone to report ethical violations or concerns online or by phone.

Sustainability Reporting

LP issues an annual Sustainability Report detailing our continued emphasis on responsible practices across LP’s operations, products, and community involvement. Organized around five key pillars—Governance, People, Environment, Products, and Community—the report highlights how LP integrates responsibility and efficiency into our daily operations and business strategy.

We continue to monitor developments in reporting standards and best practices. Information included in the annual report is prepared in alignment with the Sustainability Accounting Standards Board (SASB) Building Products and Furnishings (CG-BF) and Forestry Management (RR-FM) industry standards, the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations, and the Greenhouse Gas Protocol (GHG Protocol).

LP’s latest SASB and TCFD indexes are included in the appendix of our Sustainability Report.