L.B. Foster Company.
FSTR.US | Wholesale of construction materials, hardware, plumbing and heating equipment and supplies
L.B. Foster Company is a global manufacturer, fabricator, and distributor of products and services for the rail, construction, energy, and infrastructure markets. The company operates through three segments: Rail, Technologies, and Precast Concrete Products. The Rail segment provides a comprehensive...Show More
Better Health for All
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No evidence available to assess L.B. Foster Company on Better Health for All.
Fair Money & Economic Opportunity
0
L.B. Foster Company is a manufacturer and distributor for the rail, construction, energy, and infrastructure markets.
1
Its core business does not involve offering lending or deposit services to consumers, managing customer finance data, or providing debt products.
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Therefore, all KPIs related to financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, financial literacy initiatives, debt burden ratio, geographic inclusion for financial services, and product simplicity for financial products, are not applicable to its business model.
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Fair Pay & Worker Respect
-10
In 2024, the CEO's total compensation was $3,075,319, and the median employee's total annual compensation was $73,739, resulting in a pay ratio of 42:1.
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The company's Total Recordable Incident Rate (TRIR) was 1.18 in 2023, with zero fatalities reported in 2021, 2022, and 2023.
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Approximately 86 hourly production workers, representing about 8.7% of the 991 employees, were covered by collective bargaining agreements in 2021.
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The gender pay difference in the United States showed male median pay was 33% higher than female median pay.
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Employee reviews on Glassdoor indicated an overall rating of 2.6 out of 5 stars, with 34% of employees recommending working there.
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Voluntary employee turnover was 19.9% in 2023.
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The National Labor Relations Board found the company unlawfully suspended an employee for engaging in protected concerted activity, resulting in a 10-day unpaid suspension and denial of a quarterly bonus.
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In 2021, 2% of the workforce was part-time, and the company had 1,065 employees at the end of 2023, excluding contract employees.
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Fair Trade & Ethical Sourcing
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No evidence available to assess L.B. Foster Company on Fair Trade & Ethical Sourcing.
Honest & Fair Business
-40
The company provides an ethics hotline for employees and others to anonymously communicate concerns about financial controls, human resources, and other matters.
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However, there is no evidence of independent investigation processes, training, or effectiveness metrics for this hotline. The Annual Report (Form 10-K for fiscal year ended December 31, 2023) indicates that the financial statements do not reflect the correction of an error to previously issued financial statements, suggesting zero restatements in the most recent period.
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The company has established an internal control structure, corporate policies, compliance, and training processes to reduce the risk of violating anti-corruption laws like the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act, but it explicitly states that these procedures cannot ensure protection from violations.
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Furthermore, 9 locations/businesses in North America and Europe have Environmental Management Systems independently assessed and compliant with ISO 14001:2015 and ISO 45001:2018,
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and 11 locations/businesses were compliant with these standards in 2020.
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However, the extent of independent verification of ethical claims beyond these environmental management systems is not specified.
Kind to Animals
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The provided articles, including L.B. Foster's inaugural 2023 Sustainability Report, do not contain any specific data or metrics related to animal welfare, cruelty-free certifications, animal testing, animal-derived ingredients, humane certifications for animal operations, wildlife conservation impact, or ethical sourcing of animal products.
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The articles explicitly state the absence of such data.
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Therefore, no KPIs under the 'Kind to Animals' value can be scored based on the evidence provided.
No War, No Weapons
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No specific, concrete data points were found in the provided articles to assess L.B. Foster Company against any of the KPIs for the "No War, No Weapons" ethical value. The articles primarily consist of SEC filings, general company information, and a description of infrastructure solutions, none of which contain details regarding arms contracts, dual-use technologies with military applications, sales to embargoed regimes, peacebuilding investments, or any other relevant metrics outlined in the rubric.
1
Planet-Friendly Business
-60
The company reported total Scope 1 and 2 GHG emissions of 13,355 tCO2e for FY 2021, but does not report Scope 3 emissions.
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Energy consumption for 2021 was 210,933 GJ, with 0% sourced from alternative or renewable energy.
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In 2021, 11 of the company's 33 locations (approximately 33%) were certified to ISO 14001:2015.
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The Willis, TX facility implemented a recovery system that reduced over 100 tons of abrasives sent to landfills since mid-2022,
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and 100% of company plant or yard locations have active recycling programs.
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The company states that 90% of the steel distributed or fabricated originates from mills that use at least 90% recycled scrap steel.
6
Respect for Cultures & Communities
0
No specific, concrete data points were found across the provided articles to assess L.B. Foster Company against the defined KPIs for 'Respect for Cultures & Communities'. While general community engagement and charitable giving are mentioned, there is no quantitative evidence regarding formal partnerships, revenue reinvested locally, cultural appropriation incidents, cultural impact assessments, local employment ratios, community-specific grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investment, local procurement, indigenous supplier engagement, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion.
1
Safe & Smart Tech
-10
The company provides ongoing online training for employees to identify and avoid hacking scams such as phishing, and the effectiveness of this program is reviewed.
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It protects certain data through encryption at rest and in transit.
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The company implements access management and access controls with periodic reviews.
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It has a vulnerability management program that includes identifying and managing cybersecurity risk associated with third-party service providers.
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The company performs periodic testing of its cybersecurity posture, including by independent third-party consultants.
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Portions of the business are certified under the Cyber Essentials program, and the company has performed an ISO 27001 gap analysis with goals to comply company-wide.
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The company acknowledges that federal, state, and foreign government bodies have adopted or are considering laws and regulations regarding the collection, use, and disclosure of personal information, and recognizes potential costs of compliance with data privacy laws, including those of the EU and UK.
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The company experienced a cyber-attack on its information technology systems in October 2020, but states that the risks and impacts from cybersecurity threats have not materially affected the company.
8
Zero Waste & Sustainable Products
-30
In 2021, L.B. Foster diverted 88.7% of its waste from disposal through reuse, recycling, and reclamation. The company's steel, a critical raw material, originates from mills that use at least 90% recycled scrap steel.
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L.B. Foster has implemented waste reduction initiatives, such as an automated cleaning solution that reduces rework and scrap,
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and a recovery system at its Willis, TX pipe coating facility that reduced over 100 tons of abrasives sent to landfills since mid-2022.
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The company also recycles fly ash from power plants in its precasted restrooms.
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However, these initiatives are not described as comprehensive across all product lines. The company has a corporate Environmental Management System (EMS)
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and tracks waste generation data,
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with 11 locations certified to ISO 14001:2015.
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In 2021, hazardous waste generation was 82,979 short tons.
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The company aims to reduce waste disposal to landfill or incineration by 1.5% per year by 2023 and hazardous waste disposal by 2% per year by 2023.
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L.B. Foster has not reported any waste disposal violations in the past three years. The company's products, such as Resilient Concrete Ties and Direct Fixation Fasteners, are described as durable, with over 50 years of experience in fastener design.
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The company has a Global Vendor Code of Conduct
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and conducts supplier reviews based on risk assessments following ISO requirements for its network of over 1,900 suppliers.
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Monthly quality and safety-focused audits are performed at manufacturing locations.
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