Wabtec Publishes 2021 Sustainability Report and Highlights Progress Toward Key Environmental, Social and Governance Initiatives
November 15 2021 - 7:35AM
Business Wire
Wabtec Corporation (NYSE: WAB) released today its 2021
Sustainability Report, which highlights the company’s
accomplishments and commitments to building a more sustainable
future by developing innovative technologies, driving responsible
operations, and empowering people and communities around the
globe.
“For more than 150 years, Wabtec has looked for ways to improve
safety and make a positive impact on people and the planet,” said
Rafael Santana, President and CEO of Wabtec. “Today, the scope of
sustainability requires broader consideration across the
environmental, social, and economic landscape, so we must find more
ways to enable efficiency, innovation, and human connection. This
year’s report highlights the actions we have taken to accelerate
our sustainability priorities, evolve our culture, and innovate
groundbreaking technologies that will help build a cleaner, safer,
more inclusive world.”
The notable actions taken across the company to advance its
sustainability strategy, include:
- The completion of Wabtec’s first comprehensive ESG Materiality
Assessment that included stakeholder involvement from employees,
customers, shareholders, suppliers, business partners and industry
associations to identify material ESG issues.
- Published Green Finance Framework, supported by a second-party
opinion from Sustainalytics, a Morningstar Company and a globally
recognized provider of ESG research, ratings and data. The company
will utilize green financing instruments to accelerate the
development of technologies that enable sustainable value creation
for both the passenger and freight rail sectors.
- Alignment with the United Nations Sustainable Development Goals
(SDGs). The SDGs represent a global agenda to address the most
pressing challenges facing our world, including climate action, and
empowering people and communities. Wabtec plays a critical role in
infrastructure, advancing quality of life, and furthering global
development.
- Third-party verification of our Scope 1 and 2 GHG emissions
data, as well as water consumption data in water-scarce areas, for
the period from January 1 to December 31, 2020. Bureau Veritas
performed this Limited Assurance Engagement in accordance with the
International Standard on Assurance Engagements (ISAE) 3000 Revised
Edition. The full statement including methodology, limitations and
exclusions can be found on our website.
“Despite the disruptions of the past year, we realized
significant growth in several key areas, from the eco-efficiency of
our product portfolio to reductions in our greenhouse gas emissions
intensity,” said Santana. “Driving sustainable improvements is a
journey that requires dedication and focus. We are committed to
mitigating the impacts of climate change within our products and
operations, doing more to create a diverse workforce, and empower
our people to bring the best innovations to every customer we
serve.”
To download and read the full report, visit
www.WabtecCorp.com/Sustainability
About Wabtec
Wabtec Corporation (NYSE: WAB) is focused on creating
transportation solutions that move and improve the world. The
company is a leading global provider of equipment, systems, digital
solutions and value-added services for the freight and transit rail
industries, as well as the mining, marine and industrial markets.
Wabtec has been a leader in the rail industry for over 150 years
and has a vision to achieve a low- to zero-emission rail system in
the U.S. and worldwide. The company has approximately 27,000
employees located at facilities in 50 countries throughout the
world. Visit Wabtec’s website at: www.wabteccorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211115005654/en/
Media Contacts: Tim Bader 682-319-7925
tim.bader@wabtec.com
Wabtec Investor Contact Kristine Kubacki, CFA
412-450-2033 Kristine.Kubacki@wabtec.com
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