Graham Corporation Publishes Inaugural Sustainability Factsheet
June 17 2022 - 8:35AM
Business Wire
Graham Corporation (NYSE: GHM), a global leader in the design
and manufacture of mission critical fluid, power, heat transfer and
vacuum technologies for the defense, space, energy and process
industries, today announced that it has issued its first
Sustainability Accounting Standards Board (SASB) Factsheet that it
is available at https://grahamcorp.com/sustainability. The
Factsheet provides insight into Graham’s multi-faceted approach to
enhance, advance and regularly communicate its sustainability
strategy and environmental, social and governance (ESG)
performance.
“Graham’s ESG responsibilities are at the core of our operating
principles by which we measure ourselves,” commented Daniel Thoren,
President and Chief Executive Officer. “We focus on the four tenets
of our sustainability strategy, which are the environment, our
people, our communities and overall corporate governance. The
executive management team and the Board have established an ESG
working group that overseas Graham’s sustainability strategy and
ESG disclosures, including our 2022 Sustainability Accounting
Standards Board (SASB) Factsheet.”
Highlights from the 2022 SASB Factsheet include:
- Corporate Governance: Graham emphasizes a culture of
accountability and conducts its business in a manner that is fair,
ethical, and responsible to earn the trust of its stakeholders.
Graham has corporate governance policies and structures in place to
support its culture of accountability and transparency. The Company
continues to focus on diversity and independence at the Board level
and the current Board includes a majority of independent
directors.
- Environmental: The Company believes environmental stewardship
is fundamental, and corporate-wide initiatives have been undertaken
to improve energy efficiency and air quality intended to lessen its
impact on the environment. Initiatives across the Company’s
Batavia, NY and Arvada, CO businesses encourage recycling and reuse
programs while seeking to install energy-efficient equipment where
applicable. For fiscal 2021, total renewable energy was 5.2%, up
from 1.5% in fiscal 2020. In addition, in fiscal 2021 Graham
reduced its total energy consumption by 6.2% year over year.
- Social Responsibility: Graham is committed to fostering and
embracing a culture where employees share a mutual understanding
and respect for each other. Diversity, Equity, and Inclusion (DEI)
are very important, and the Company’s goal is to attract, retain,
and develop a workforce that is diverse in background, knowledge,
skill, and experience. As of March 31, 2022, women represented
approximately 19% of Graham’s total workforce and 33% of its
independent directors. At the community level, Graham leverages the
power of the company through donations, scholarships, education and
participation with certain charitable organizations. The Company
has participated or partnered in such programs as the Leukemia and
Lymphoma Society Team in Training, the GLOW Corporate Cup, the
United Way, the American Cancer Society and Habitat for Humanity.
Graham has also partnered with nonprofit organizations to implement
elementary school STEM programs and spearheaded Women in
Manufacturing events.
ABOUT GRAHAM CORPORATION Graham is a global leader in the
design and manufacture of mission critical fluid, power, heat
transfer and vacuum technologies for the defense, space, energy and
process industries. The Graham Manufacturing and Barber-Nichols’
global brands are built upon world-renowned engineering expertise
in vacuum and heat transfer, cryogenic pumps and turbomachinery
technologies, as well as its responsive and flexible service and
the unsurpassed quality customers have come to expect from the
Company’s products and systems.
Graham routinely posts news and other important information on
its website, www.grahamcorp.com, where additional information on
Graham Corporation and its businesses can be found.
Safe Harbor Regarding Forward Looking Statements This
news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to risks, uncertainties
and assumptions and are identified by words such as “expects,”
“anticipates,” “believes,” “could,” “plans,” “goals,” “focus,”
“seek,” ”may,” “will,” “should,” and other similar words. All
statements addressing operating performance, events, or
developments that Graham Corporation expects or anticipates will
occur in the future, including but not limited to implementing and
achieving its environmental, social and governance strategies,
initiatives and objectives, are forward-looking statements. Because
they are forward-looking, they should be evaluated in light of
important risk factors and uncertainties. These risk factors and
uncertainties are more fully described in Graham Corporation’s most
recent Annual Report filed with the Securities and Exchange
Commission, included under the heading entitled “Risk Factors.”
Should one or more of these risks or uncertainties materialize
or should any of Graham Corporation’s underlying assumptions prove
incorrect, actual results may vary materially from those currently
anticipated. In addition, undue reliance should not be placed on
Graham Corporation’s forward-looking statements. Except as required
by law, Graham Corporation disclaims any obligation to update or
publicly announce any revisions to any of the forward-looking
statements contained in this news release.
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version on businesswire.com: https://www.businesswire.com/news/home/20220617005048/en/
Christopher J. Thome Vice President - Finance and CFO Phone:
(585) 343-2216
Deborah K. Pawlowski Kei Advisors LLC Phone: (716) 843-3908
dpawlowski@keiadvisors.com
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