Orion Energy Systems Releases Fiscal 2023 Environmental, Social and Governance (ESG) Report
June 28 2023 - 8:02AM
Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion
Lighting), a provider of energy-efficient LED lighting and
controls, maintenance services and electric vehicle (EV) charging
station solutions, announced the release of the company’s second
annual Environmental, Social and Governance (ESG) report,
highlighting progress in its FY 2023 year ended March 31, 2023. The
report is now available on Orion’s website.
Orion is dedicated to helping its customers achieve their
sustainability objectives by offering innovative technology and
exceptional service. Through the development and installation of
energy-efficient solutions, Orion actively promotes energy
conservation and reduced emissions.
Mike Jenkins, Orion’s CEO, commented, “ESG and sustainability
are in Orion’s DNA. Our industry-leading, energy-efficient LED
lights dramatically reduce our customers’ energy consumption and
carbon footprint. Expanding our reach in cleantech, we entered the
rapidly growing electric vehicle (EV) charging solutions market in
FY 2023 with the acquisition of Voltrek. We look forward to helping
our customers implement EV charging infrastructure to support their
environmental and business goals, while we work to progress our
firm-wide commitment to ESG initiatives.”
FY 2023 ESG ProgressOrion estimates that it
helped customers eliminate the production of 177,161 tons of carbon
dioxide in FY 2023, equivalent to the impact of planting 71,174
trees, through reduced electricity consumption enabled by its
energy-efficient lighting systems.* The report also highlights
Orion’s own environmental commitment, including the production of
more than 10% of its FY 2023 energy needs through site-produced
renewable wind and solar sources, as well as the recycling of
approximately 89% of the Company’s manufacturing waste.
The report also reviews the Company’s commitment to charitable
and humanitarian work, including its promotion of community
involvement and volunteering by funding one paid volunteer day per
employee each year. Orion also promotes a work-life balance policy,
offers tuition reimbursement, and embraces a “safety first”
workplace culture that has resulted in more than six years without
a lost time accident in its manufacturing plant. Orion also
significantly reduced minor first aid, near-miss and other
recordable incidents in FY 2023.
The report also highlights Orion’s corporate governance
principles and the Company’s commitment to best practices and
diversity throughout the company, including in management positions
and on the Board of Directors. Orion seeks to meet or exceed NASDAQ
goals and to have a workforce that exceeds the diversity of its
community. Reflecting this focus, 66% of Orion’s Directors are
Independent and 40% of Orion’s outside Directors are women. The
Company also encourages shareholders to communicate with its Board
of Directors and has established conduits for shareholder
communications with the Board.
* Internally calculated using national average emission factors
per the EPA’s eGRID database, a recognized protocol by the World
Resource Institute/World Business Council for Sustainable
Development (WRI/WBCSD).
About Orion Energy SystemsOrion
provides energy efficiency and clean tech solutions, including LED
lighting and controls, maintenance services and electrical vehicle
(EV) charging solutions. Orion specializes in turnkey
design-through-installation solutions for large national customers,
with a commitment to helping customers achieve their business and
environmental goals with healthy, safe and sustainable solutions
that reduce their carbon footprint and enhance business
performance.
Orion is committed to operating responsibly
throughout all areas of our organization. Learn more about our ESG
priorities, goals and progress here or visit our website at
www.orionlighting.com.
Engage with
UsTwitter: @OrionLighting and
@OrionLightingIRStockTwits: @Orion_LED_IR
Marketing Contact
Steve Paulus, Director, Marketing and Communications |
Orion Energy Systems, Inc. |
spaulus@oesx.com |
(920) 239-8007 |
|
Investor Relations Contacts
Per Brodin, CFO |
William Jones; David Collins |
Orion Energy Systems, Inc. |
Catalyst IR |
pbrodin@oesx.com |
(212) 924-9800 or OESX@catalyst-ir.com |
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