Kadant Releases its 2020 Corporate Sustainability Report
April 15 2021 - 1:31PM
Kadant Inc. (NYSE: KAI) released its 2020 corporate sustainability
report, which can be viewed at
www.kadant.com/about-us/sustainability. The report highlights the
Company’s continued commitment and progress on environmental,
social, and governance (ESG) initiatives.
“I am proud of the important role Kadant continues to play in
helping our customers improve energy utilization and increase
productivity in support of their sustainability goals,” said
Jeffrey L. Powell, President and Chief Executive Officer. “From
energy-saving product innovations to community-based initiatives,
our ESG efforts are focused on delivering value to our customers in
a responsible manner, while embracing the diversity of our global
workforce and engaging with all stakeholders.”
The report is prepared according to Global Reporting Initiative
(GRI) and Sustainability Accounting Standards Board (SASB) best
practices for corporate sustainability reporting and addresses
those factors most relevant to the Company’s stakeholders. It
highlights progress in several key sustainability metrics and
outlines the Company’s goal to reduce its Scope 2 greenhouse gas
(GHG) emissions in 2021 by 20 percent from 2020 levels. In
addition, the report includes detailed information on the Company’s
employee development and community programs, key metrics on
environmental impact, and commitment to helping its customers
achieve their sustainability goals.
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 2,600 employees in 20 countries worldwide. For more
information, visit www.kadant.com.
Safe Harbor Statement
The 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 customers, 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 fiscal year ended
January 2, 2021 and subsequent filings with the Securities and
Exchange Commission. These include risks and uncertainties relating
to the impact of the COVID-19 pandemic on our operating and
financial results; adverse changes in global and local economic
conditions; the variability and difficulty in accurately predicting
revenues from large capital equipment and systems projects; health
epidemics; our acquisition strategy; levels of residential
construction activity; reductions by our wood processing customers
of their capital spending or production of oriented strand board;
changes to the global timber supply; development and use of digital
media; cyclical economic conditions affecting the global mining
industry; demand for coal, including economic and environmental
risks associated with coal; failure of our information systems or
breaches of data security and cybertheft; implementation of our
internal growth strategy; price increases or shortages of raw
materials; competition; changes in our tax provision or exposure to
additional tax liabilities; our ability to successfully manage our
manufacturing operations; disruption in production; future
restructurings; loss of key personnel and effective succession
planning; protection of intellectual property; climate change;
adequacy of our insurance coverage; global operations; policies of
the Chinese government; the variability and uncertainties in sales
of capital equipment in China; currency fluctuations; economic
conditions and regulatory changes caused by the United Kingdom’s
exit from the European Union; changes to government regulations and
policies around the world; compliance with government regulations
and policies and compliance with laws; environmental laws and
regulations; environmental, health and safety laws and regulations
impacting the mining industry; our debt obligations; restrictions
in our credit agreement and note purchase agreement; substitution
of an alternative index for LIBOR; soundness of financial
institutions; fluctuations in our share price; and anti-takeover
provisions.
Contacts
Investor Contact Information:Michael McKenney,
978-776-2000IR@kadant.com
or
Media Contact Information:Wes Martz,
269-278-1715media@kadant.com
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