Tecnoglass Attains Carbon Neutrality, Reinforcing Its Commitment to Sustainable Practices
July 02 2024 - 7:00AM
Tecnoglass, Inc. (NYSE: TGLS) (“Tecnoglass” or the
“Company”),
a leading producer of high-end
aluminum and vinyl windows and architectural glass for the global
residential and commercial end markets, proudly announces that its
ongoing advancements in its commitment to sustainability and carbon
neutrality are reflected in having achieved carbon neutrality for
years 2022 and 2023. This milestone underscores the Company's
ongoing commitment to sustainability and its proactive efforts to
reduce its environmental impact.
In 2023, Tecnoglass had previously declared its
goal to become a carbon-neutral company, supported by significant
investments in energy efficiency, through projects such as
upgrading generators and implementing cogeneration systems; which
despite an increase of production, amounted to total GHG emissions
across all scopes of 390.411 tCO2eq/year. These initiatives
highlight Tecnoglass' unwavering dedication to reducing its carbon
footprint and enhancing operational sustainability.
To offset its carbon footprint, Tecnoglass
voluntarily offset Scope 1 and 2 emissions for the years 2022 and
2023 by acquiring carbon credits issued by two projects located in
Colombia, certified through the Cercarbono (Certified Carbon
Standard) program. These projects were carefully selected for their
ability to reduce, eliminate, or decrease greenhouse gas emissions,
and their certifications are verified and validated by IQNet
(International Certification Network) in its Colombian division,
ICONTEC.
“Our commitment to sustainability is a strategic
priority for Tecnoglass,” said José Manuel Daes, CEO of Tecnoglass.
“We recognize the importance of taking proactive steps to combat
climate change and are proud to be at the forefront of
sustainability efforts in our industry. As part of our
sustainability roadmap, we have set ambitious science-based targets
to further reduce our carbon footprint and promote sustainable
practices throughout our value chain. This achievement is just one
step in our long-term plan to drive positive change and contribute
to a more sustainable future.”
Tecnoglass remains committed to implementing
sustainable practices throughout its operations and supply chain,
with the ultimate goal of becoming a net-zero emissions company by
2050. The Company will continue to invest in renewable energy
projects, energy efficiency initiatives, and the continuous
improvement of its production processes to maintain its
carbon-neutral status and work towards its long-term sustainability
targets.
About Tecnoglass
Tecnoglass Inc. is a leading producer of
high-end aluminum and vinyl windows and architectural glass serving
the multi-family, single-family, and commercial end markets.
Tecnoglass is the second largest glass fabricator serving the U.S.
and the #1 architectural glass transformation company in Latin
America. Located in Barranquilla, Colombia, the Company’s 5.6
million square foot, vertically integrated, and state-of-the-art
manufacturing complex provide efficient access to nearly 1,000
customers in North, Central and South America, with the United
States accounting for 95% of total revenues. Tecnoglass’ tailored,
high-end products are found on some of the world’s most distinctive
properties, including One Thousand Museum (Miami), Paramount
(Miami), Salesforce Tower (San Francisco), Via 57 West (NY),
Hub50House (Boston), Aeropuerto Internacional El Dorado (Bogotá),
One Plaza (Medellín), Pabellon de Cristal (Barranquilla). For more
information, please visit www.tecnoglass.com or view our corporate
video at https://vimeo.com/134429998.
Forward Looking Statements
This press release includes certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
regarding future financial performance, future growth and future
acquisitions. These statements are based on Tecnoglass’ current
expectations or beliefs and are subject to uncertainty and changes
in circumstances. Actual results may vary materially from those
expressed or implied by the statements herein due to changes in
economic, business, competitive and/or regulatory factors, and
other risks and uncertainties affecting the operation of
Tecnoglass’ business. These risks, uncertainties and contingencies
are indicated from time to time in Tecnoglass’ filings with the
Securities and Exchange Commission. The information set forth
herein should be read in light of such risks. Further, investors
should keep in mind that Tecnoglass’ financial results in any
particular period may not be indicative of future results.
Tecnoglass is under no obligation to, and expressly disclaims any
obligation to, update or alter its forward-looking statements,
whether as a result of new information, future events and changes
in assumptions or otherwise, except as required by law.
Investor Relations:Santiago
GiraldoCFO305-503-9062investorrelations@tecnoglass.com
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