2017 was a banner year for Masco Corporation in many ways. Advancements within our sustainability program—specifically in innovation, business partnerships, and data management—were key components to our success.
On the innovation front, our commitment to the development of new products continued to sustain our leadership in the industries in which we do business. In 2017, approximately 25 percent of our sales resulted from product innovations we introduced throughout the prior three years. We also received over 1,100 patents and trademarks and applied for over 900 more. In our Sustainability Report last year, I highlighted the groundbreaking work our Sustainability Steering Committee (SSC) did to develop a maturity model to further embed sustainability in our innovations and operations. In 2017, we continued to receive recognition for our accomplishments and build on that foundation: Hansgrohe received the Kitchen Innovation of the Year Award from Initiative LifeCare and Delta Faucet Company received the WaterSense® Sustained Excellence Award from the U.S. Environmental Protection Agency for the third consecutive year.
"At Masco, we recognize the importance of our actions both now and in the future, and we also recognize that doing good
and doing well are not mutually exclusive, rather inter-dependent. We believe that successfully balancing the management
of people, profit and planet enables us to drive innovation, bolster our brands, secure profitability and position
us for growth."
- Keith Allman President and Chief Executive Officer