Statement: The Home Depot shareholders take first step to protect forests
Sixty-five percent of The Home Depot shareholders voted on Thursday to take a first step toward reducing the hardware giant's forest footprint. The proposal that passed directs the company to produce a report disclosing the company’s current impact on primary forests. The proposal also asks The Home Depot to determine steps it can take to eliminate both deforestation and degradation of primary forests from its supply chains. This action comes a month after The Home Depot’s chief rival, Lowe’s, voluntarily committed to undertaking similar measures.