Wabtec Publishes 2021 Sustainability Report and Highlights Progress Toward Key Environmental, Social and Governance Initiatives
“For more than 150 years,
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 Companyand 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.
Wabtecplays 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
Wabtec Investor Contact