Lexington, Kentucky-based Tempur Sealy International Inc. ended 2019 with donations to charity and began 2020 by issuing a special report on the company’s ongoing commitment to pursuing social values and environmental sustainability.
In December, in addition to its philanthropic activities conducted throughout the year, the mattress major contributed 100,000 shares of its common stock with a market value of about $9 million to charities, including the Tempur Sealy Foundation. Additionally, the Tempur Sealy Foundation donated $200,000 across four Lexington-based charities that focus on children and families in need, including KVC Kentucky, Ronald McDonald House Charities of the Bluegrass, Sunrise Children’s Services and Lexington Rescue Mission.
According to the company, the one-time special contribution of stock was made in recognition of the outstanding performance of company Chair and Chief Executive Officer Scott Thompson and the employees of Tempur Sealy over the past year.
The report, TSI Corporate Social Values, outlined key areas of focus, including promoting the health and well-being of its customers and the communities in which it operates; investing in employees’ health, training and future goals; and operating in a sustainable manner by reducing, repurposing and upcycling waste and effectively managing resources.
“Commitment to our purpose, our people and our environment is ingrained within the Tempur Sealy framework,” Thompson said. “It is our belief that committing to environmental, social and corporate governance improvements sustains business growth and generates long-term shareholder value. I am thrilled to issue our first corporate social values report that showcases our relentless efforts to improve our communities and the environment.”