TriMas Releases Third Annual Sustainability Report
21 Junho 2023 - 11:00AM
Business Wire
TriMas (NASDAQ: TRS) today announced it has released its annual
Sustainability Report, demonstrating the Company's commitment to
transparency by providing a comprehensive overview of its
sustainability progress achieved during 2022.
TriMas’ Sustainability Report demonstrates the Company's
dedication to responsible environmental, social and governance
(ESG) practices and details the wide range of sustainability
initiatives initiated across its global operations. As illustrated
in the report, TriMas is actively committed to enhancing its
sustainability strategy across its four focused areas of corporate
governance and ethics, people, the environment and products. The
Company is also committed to sharing best practices and employing
continuous improvement initiatives across its businesses.
“We are pleased to share our third annual TriMas Sustainability
Report, demonstrating the successes of our ESG activities during
the past year,” said Thomas Amato, TriMas President and Chief
Executive Officer. “The report highlights our continued efforts in
a number of areas, including a robust Supplier Code of Conduct, an
enhanced Environment, Health and Safety Policy, a push for a more
collaborative and inclusive workplace, and the continued
introduction of innovative, sustainable product solutions that
minimize energy consumption, reduce waste and enhance
recyclability. The report also features a comprehensive set of our
environmental metrics, including our Scope 1 and Scope 2 greenhouse
gas emissions.
“During the year, TriMas also become a participant of the United
Nations Global Compact (UNGC) and is aligned with the UN
Sustainable Development Goals (SDGs), reinforcing our lasting
commitment to responsible and sustainable ESG practices. We believe
our commitment is integral to creating long-term value for our
customers, employees and investors, while contributing to a better
global community. We are proud of our accomplishments and are
dedicated to building a more sustainable future,” Amato
concluded.
The TriMas Sustainability Report may be accessed digitally on
the TriMas website under the Sustainability section, or by the
following link:
https://www.trimascorp.com/images/Sustainability-Report2022.pdf
.
About TriMas
TriMas manufactures a diverse set of products primarily for the
consumer products, aerospace and industrial markets through its
TriMas Packaging, TriMas Aerospace and Specialty Products groups.
Our approximately 3,500 dedicated employees in 13 countries provide
customers with a wide range of innovative and quality product
solutions through our market-leading businesses. Our TriMas family
of businesses has strong brand names in the markets served, and
operates under a common set of values and strategic priorities
under the TriMas Business Model. TriMas is publicly traded on the
NASDAQ under the ticker symbol “TRS,” and is headquartered in
Bloomfield Hills, Michigan. For more information, please visit
www.trimascorp.com.
Notice Regarding Forward-Looking
Statements
Any "forward-looking" statements, within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, contained herein, including those relating to
TriMas’ business, financial condition or future results, involve
risks and uncertainties with respect to, including, but not limited
to: general economic and currency conditions; the severity and
duration of the ongoing coronavirus (“COVID-19”) pandemic;
competitive factors; market demand; our ability to realize our
business strategies; our ability to identify attractive acquisition
candidates, successfully integrate acquired operations or realize
the intended benefits of such acquisitions; pressures on our supply
chain, including availability of raw materials and inflationary
pressures on raw material and energy costs, and customers; the
performance of our subcontractors and suppliers; risks and
uncertainties associated with intangible assets, including goodwill
or other intangible asset impairment charges; risks associated with
a concentrated customer base; information technology and other
cyber-related risks; risks related to our international operations,
including, but not limited to, risks relating to rising tensions
between the United States and China; government and regulatory
actions, including, without limitation, climate change legislation
and other environmental regulations, as well as the impact of
tariffs, quotas and surcharges; changes to fiscal and tax policies;
intellectual property factors; uncertainties associated with our
ability to meet customers’ and suppliers’ sustainability and
environmental, social and governance (“ESG”) goals and achieve our
sustainability and ESG goals in alignment with our own announced
targets; litigation; contingent liabilities relating to acquisition
activities; interest rate volatility; our leverage; liabilities
imposed by our debt instruments; labor disputes and shortages; the
disruption of operations from catastrophic or extraordinary events,
including, but not limited to, natural disasters, geopolitical
conflicts and public health crises, such as the ongoing coronavirus
pandemic; the amount and timing of future dividends and/or share
repurchases, which remain subject to Board approval and depend on
market and other conditions; our future prospects; and other risks
that are detailed in the Company's Annual Report on Form 10-K for
the fiscal year ended December 31, 2022. The risks described are
not the only risks facing our Company. Additional risks and
uncertainties not currently known to us or that we currently deemed
to be immaterial also may materially adversely affect our business,
financial position and results of operations or cash flows. These
risks and uncertainties may cause actual results to differ
materially from those indicated by the forward-looking statements.
All forward-looking statements made herein are based on information
currently available, and the Company assumes no obligation to
update any forward-looking statements, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230621890618/en/
Sherry Lauderback VP, Investor Relations & Communications
(248) 631-5506 sherrylauderback@trimascorp.com
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