Kadant Joins the United Nations Global Compact Initiative
February 01 2021 - 4:21PM
Kadant Inc. (NYSE: KAI) announced it has joined the United Nations
(UN) Global Compact, the world’s largest corporate sustainability
initiative. Under the UN Global Compact, members are encouraged to
align their operations and strategies with universal principles on
human rights, labor, environment, and anti-corruption and take
strategic actions to advance broader societal goals, such as the UN
Sustainable Development Goals.
“We are proud to join thousands of other companies
globally who are committed to taking responsible business actions
to create a better world,” said Jeffrey L. Powell, president and
chief executive officer of Kadant. “This collective effort aligns
well with our commitment to provide innovative products and
technologies that positively impact the use and preservation of our
earth’s natural resources and benefit the well-being of
society.”
Launched in 2000, the UN Global Compact is the
world’s largest corporate citizenship initiative with more than
12,000 member companies located in over 150 countries. More
information about the UN Global Compact is available at
www.unglobalcompact.org.
About Kadant Kadant Inc. is a
global supplier of high-value, critical components and engineered
systems used in process industries worldwide. The Company’s
products, technologies, and services play an integral role in
enhancing process efficiency, optimizing energy utilization, and
maximizing productivity in resource-intensive industries. Kadant is
based in Westford, Massachusetts, with approximately 2,700
employees in 20 countries worldwide. Kadant’s most recent corporate
sustainability report can be viewed at
www.kadant.com/en/about-us/sustainability. The report highlights
the Company’s commitment and progress on Environmental, Social, and
Corporate Governance initiatives, is structured according to Global
Reporting Initiative (GRI) best practices for corporate
sustainability reporting and addresses those factors most relevant
to the Company’s stakeholders. For more information, visit
www.kadant.com.
Safe Harbor StatementThe following
constitutes a “Safe Harbor” statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that involve a number of risks and
uncertainties, including forward-looking statements about our
products, technologies, and markets. These forward-looking
statements represent our expectations as of the date of this press
release. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future events, or otherwise. These forward-looking statements are
subject to known and unknown risks and uncertainties that may cause
our actual results to differ materially from these forward-looking
statements as a result of various important factors, including
those set forth under the heading "Risk Factors" in Kadant’s annual
report on Form 10-K for the year ended December 28, 2019 and
subsequent filings with the Securities and Exchange Commission.
ContactsInvestor Contact
Information:Michael McKenney, 978-776-2000IR@kadant.comorMedia
Contact Information:Wes Martz, 269-278-1715media@kadant.com
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