Westport Fuel Systems Releases 2020 Environmental, Social and Governance Report
September 20 2021 - 5:00PM
Westport Fuel Systems Inc. (“
Westport Fuel
Systems” or the “
Company”) (TSX:WPRT /
Nasdaq:WPRT) is pleased to release their 2020 Environmental, Social
and Governance (“
ESG”) Report outlining the
Company’s progress and sharing its forward plans to evolve and
mature an embedded ESG strategy. This ESG report provides a third
year of ESG performance data across our global operations and will
be a valuable tool for investors and stakeholders to review
Westport Fuel Systems’ key material ESG topics, opportunities and
performance.
“We’re very pleased with the progress made to
elevate our environmental, social and governance (ESG)
performance.” said David M. Johnson, Chief Executive Officer of
Westport Fuel Systems. “Addressing material ESG issues is
fundamental to our business strategy, and we recognize that having
robust systems and processes in place to mitigate ESG risks and
capitalize on opportunities is critical for our long-term
success.”
The Report showcases the Company’s ESG
performance in each of its six priority focus areas including
carbon footprint, occupational health and safety, diversity, equity
and inclusion, human rights, governance and responsible sourcing
and details the Company’s performance during the 2020 year
including:
- Critical health
and safety action taken to protect our employees, partners and
visitors from COVID-19,
- Reduced overall
GHG emissions (tonnes-CO2e) by 34.4% and reduced GHG intensity by
20.6% year over year,
- Solar panels
installed at our Eindhoven facility in 2019 resulted in replacing
84% of purchased electricity with solar power,
- 20% reduction
in recordable injury rate and in number of injuries as compared to
2019,
- Established
executive level ESG steering committee to support the embedding of
ESG into business and management processes,
- Established
first Board approved ESG strategy,
- The first ESG
report written to SASB disclosures, specifically to the Auto Parts
industry classification,
- Improved
materiality assessment process to include direct internal and
external input,
- Enhanced
disclosures within the Global Reporting Initiative
(“GRI”) reporting framework, and
- Provides our
first opportunity to share a three-year trend in global ESG
performance.
The ESG Report is available for download from
our sustainability microsite at www.wfsinc.com/sustainability and
we welcome your feedback or inquiries to
sustainability@wfsinc.com.
About Westport Fuel Systems
At Westport Fuel Systems, we are driving
innovation to power a cleaner tomorrow. We are a leading supplier
of advanced fuel delivery components and systems for clean,
low-carbon fuels such as natural gas, renewable natural gas,
propane, and hydrogen to the global automotive industry. Our
technology delivers the performance and fuel efficiency required by
transportation applications and the environmental benefits that
address climate change and urban air quality challenges.
Headquartered in Vancouver, Canada, with operations in Europe,
Asia, North America and South America, we serve our customers in
more than 70 countries with leading global transportation brands.
At Westport Fuel Systems, we think ahead. For more information,
visit www.wfsinc.com.
Investor Inquiries:Christine MarksInvestor
RelationsT: +1 604-718-2046E:
invest@wfsinc.com
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