Wabtec’s 2023 Sustainability Report Highlights Progress on Key Initiatives
06 Novembro 2023 - 9:00AM
Business Wire
Wabtec Corporation (NYSE: WAB) released today its 2023
Sustainability Report highlighting the company’s vision and
progress on key environmental, social, and governance (ESG)
commitments. The company’s strategy is to contribute to a better,
more sustainable world through its unique business offerings,
leading technologies, and sustainable business practices, while
creating value for customers, employees, and other
stakeholders.
“Sustainability is a collective journey,” said Lilian Leroux,
Wabtec’s Chief Strategy and Sustainability Officer. “We believe
that collaborating with the entire ecosystem, including internal
teams, customers, end-users, suppliers, industry associations,
communities, governments, and investors will empower us to
succeed.”
In this year’s report, Wabtec disclosed for the first time its
complete Scope 3 emissions, defined as indirect greenhouse gas
emissions from sources not owned or controlled by the company but
related to its activities. To gain clearer insight into the impacts
of its Scope 3 emissions, the company evaluated all fifteen
categories that could apply, using guidance developed by the World
Resources Institute (WRI) and the World Business Council for
Sustainable Development (WBCSD) to calculate Scope 3 emissions.
Wabtec also detailed several efforts and accomplishments to
advance its ESG strategy and goals, including:
- Its global in-service fleet of more than 23,000 locomotives
collectively rode over 1.8 billion miles, and helped end-customers
eliminate over 138 million metric tons of emissions by choosing
rail over road transportation
- Wabtec cemented collaborative research and development
agreements (CRADAs) with Oak Ridge, Argonne, and Sandia National
Labs, three of the United States’ premier centers of excellence to
lower emissions across the rail industry using hydrogen
- Wabtec reduced its operational greenhouse gas footprint by 35%
from 2019 through 2022
- The Grove City plant implemented a solution to redirect energy
from engine testing to address more than 40% of the site’s
electrical usage, enough energy to power 1,000 average households
in the U.S.
- The remanufacturing program accounted for approximately 336
million pounds of end-of-life material being returned to our global
remanufacturing facilities; 82% of these materials were made fit
for reuse, and the remaining materials were recycled
- Significant year-over-year progress on all diversity, equity,
and inclusion targets, such as an 11% increase in female
representation globally
“Wabtec’s recently established vision, ‘Revolutionize the way
the world moves for future generations’ is deeply intertwined with
our sustainability principles,” said Leroux. “This report
demonstrates our dedication to expanding the possible and
contributing to a better, more sustainable world through our unique
business offerings, leading technologies and innovations, and our
extraordinary global teams.”
To download and read the full report, visit
www.wabteccorp.com/sustainability.
About Wabtec Corporation
Wabtec Corporation 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 zero-emission rail system in the U.S. and
worldwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20231106379623/en/
Wabtec Media Contact Tim Bader / tim.bader@wabtec.com /
682-319-7925
Wabtec Investor Contact Kristine Kubacki, CFA /
kristine.kubacki@wabtec.com / 412-450-2033
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