Shawcor Releases 2021 Environmental, Social and Governance Report
August 30 2022 - 5:01PM
Shawcor Ltd. (“Shawcor” or the “Company”) (TSX: SCL) today
announced the publication of its 2021 Environmental, Social, and
Governance (“ESG”) report. The report can be found on the Company’s
website at https://www.shawcor.com/about/esg.
"I am very pleased to report Shawcor’s continued
progress towards our 2030 ambitions, including reductions in our
Scope 1&2 greenhouse (GHG) emissions, enhanced diversity within
our senior management team and actions to ultimately deliver on our
Incident and Injury Free safety vision,” said Mike Reeves,
President and CEO of Shawcor. “Across this organization we are
committed to continuous improvement, delivering year-over-year
enhancement across the full spectrum of business performance,
including reducing our impact on the environment, contributing
positively to our communities and further elevating our ability to
attract and develop diverse talent. Shawcor employees should be
very proud of their accomplishments in these areas during
2021.”
Shawcor released its long-term ESG oriented
ambitions last year, which included:
- A 50%
reduction in Scope 1&2 GHG Emissions from its 2019 baseline by
2030
- A 20
percentage point increase in diverse representation within the
senior management team from its 2019 baseline by 2030
- An enduring
vision of an Incident and Injury Free workplace
Within its 2021 ESG report, the Company has
utilized the Sustainable Accounting Standards Board (SASB) and
Global Reporting Initiative (GRI) frameworks and has expanded
reporting to include United Nations Sustainable Development Goals
(UN SDGs). The Company remains committed to enhancing ESG
disclosures over time, focused on those factors which are most
material to the organization, its stakeholders and the communities
within which it works.
Shawcor Ltd. is a growth-oriented, global
material sciences company serving the Infrastructure, Energy, and
Transportation markets. The Company operates through a network of
fixed and mobile manufacturing and service facilities. Its three
business segments, Composite Systems, Automotive & Industrial
and Pipeline & Pipe Services enable responsible renewal and
enhancement of critical infrastructure while lowering risk and
environmental impact.
This news release contains forward-looking
information within the meaning of applicable securities laws. Words
such as "may", "will", "should", "anticipate", "plan", "expect",
"believe", "predict", "estimate" or similar terminology are used to
identify forward-looking information. This forward-looking
information is based on assumptions, estimates and analysis made in
the light of the Company's experience and its perception of trends,
current conditions and expected developments, as well as other
factors that are believed by the Company to be reasonable and
relevant in the circumstances. Forward-looking information involves
known and unknown risks, uncertainties and other factors which may
cause actual results, performance or achievements to be materially
different from those predicted, expressed or implied by the
forward-looking information. The forward-looking information is
provided as of the date of this news release and the Company does
not assume any obligation to update or revise the forward-looking
information to reflect new events or circumstances, except as
required by law.
For further information, please contact
Meghan MacEachernExternal Communications &
ESG, DirectorTelephone: 437.341.1848Email:
meghan.maceachern@shawcor.comshawcor.comSource: Shawcor Ltd.
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