Jeld wen : announces ambitious long-term sustainability goals to reduce its environmental impact

CHARLOTTE, N.C., August 16, 2022 - JELD-WEN Holding, Inc. (NYSE: JELD), a leading global manufacturer of high-performance interior and exterior building products, announced four new long-term sustainability goals as part of the company's 2022 Environmental, Social and Governance (ESG) report.

JELD-WEN is committing to goals that will lead to achieving net zero waste and 100 percent renewable energy usage in its operations. JELD-WEN also aims to eliminate greenhouse gas emissions by 6 billion pounds annually, through the use of its energy-efficient products in 60 million homes worldwide by 2050.

JELD-WEN has engaged in sustainability efforts since its founding in 1960. In 2021, the company formalized its practices and issued an inaugural ESG report.

"Over the past year, we took a significant leap forward in our ESG efforts by successfully integrating them into our operations and building the necessary team and framework to drive our sustainability goals," said Roya Behnia, executive vice president, chief legal officer and corporate affairs. "Sustainability is a fundamental element of our universal strategy for growth, and as a company with a long history of environmental responsibility, we aim to lead the industry in driving a more sustainable future."

The company's 2050 sustainability goals include committing to:

• 100% global sourcing of sustainable or certified wood

• Zero manufacturing waste and byproducts going to landfills

• Net zero scope 1 and scope 2 greenhouse gas emissions

• 100% of materials used are from recycled or sustainably harvested sources, where available

Increasingly, consumers are expressing interest in and support of sustainable products and services.

A recent JELD-WEN survey, conducted online by TRUE Global Intelligence with 1,000 U.S. homeowners aged 18-76, showed that 75% of those surveyed are willing to upgrade products if the investment will save them money in the future. Homeowners born in 1981 and later are willing to extend that investment to the environment, with 8 out of 10 (81%) Gen Z and 3 out of 4 (75%) millennials willing to pay more for sustainable or eco-friendly products and services.

"We aim for our operations and products to be part of the solution to reduce or eliminate greenhouse gas emissions generated by the building products industry," said Farsad Fotouhi, vice president, social governance and sustainability. "We are helping our customers reduce their energy consumption by offering a full suite of energy efficient building products."

JELD-WEN adopted guidelines from the Sustainability Accounting Standards Board (SASB) for its ESG report, as well as adhering to standards set by the Global Reporting Initiative (GRI) and the United Nations Sustainable Development Goals (SDGs).

For more information, visit jeld-wen.com/ESG.

About JELD-WEN

Headquartered in Charlotte, N.C., JELD-WEN is a leading global manufacturer of high- performance interior and exterior building products, offering one of the broadest selections of windows, interior and exterior doors, and wall systems. JELD-WEN has about 22,000 employees across 18 countries. JELD-WEN delivers a differentiated customer experience, providing construction professionals with durable, energy-efficient products and labor-saving services that help them maximize productivity and create beautiful, secure spaces for all to enjoy. The JELD-WEN team is driven by innovation and committed to creating safe, sustainable environments for customers, associates, and local communities. The JELD-WEN family of brands includes JELD-WEN® worldwide; LaCantinaTM and VPITM in North America; Swedoor® and DANA® in Europe; and Corinthian®, Stegbar®, and Breezway® in Australia.

Disclosure Regarding Forward-Looking Statements

This release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our expectations, projections and assumptions about our sustainability program and goals. Forward-looking statements are generally identified by our use of forward-looking terminology such as "believe," "expect," "anticipate," "plan," "desire," "project," "estimate," "will," "should," "could," "would," "may," "aim" or comparable terminology. Although we believe these statements are based on reasonable expectations, assumptions, estimates and projections, they are only predictions and involve known and unknown risks, many of which are beyond our control that could cause actual outcomes and results to be materially different from those indicated in such statements. Risks and uncertainties that could cause actual results to differ materially from such statements include but are not limited to the factors discussed in our Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this release are made as of the date hereof, and except as required by law, we undertake no obligation to update after the date of this release.

Media Contact:

JELD-WEN Holding, Inc.
Caryn Klebba
Head of Global Public Relations
704-807-1275
[e-mail]

Investor Relations Contact:

JELD-WEN Holding, Inc.
Chris Teachout
Director, Investor Relations
704-378-7007
[e-mail]