Finning Releases 2020 Sustainability Report
March 30 2021 - 9:43PM
Finning International Inc. (TSX: FTT) (“Finning”, the “Company”,
“we”, “us” or “our”) announced today the release of our 2020
Sustainability Report detailing our progress in people, safety,
environment, product stewardship, communities, and ethics and
governance.
“The job of building and powering a better world does not stop
despite the challenges of COVID-19. We are proud of the way we
continue to support our employees, customers, and communities
through the pandemic as an essential service provider,” said Scott
Thomson, President and CEO of Finning International.
“With the sustainability strategy embedded in our products and
services, we are focused on being an even more responsible partner
to help our customers transition to a low-carbon economy and take
better care of the communities we serve. We are committed to
reducing our absolute GHG emissions by 20% by 2027 from our 2017
baseline.”
Key highlights in our 2020 Sustainability Report include:
- Reduced our total injury frequency by 35% from 2019;
- Scored 9 points above the Inclusive Culture global high
performing company norm in our annual employee experience
survey;
- Recycled 9,985 tonnes of non-hazardous and 2,696 tonnes of
hazardous waste;
- Increased the number of components remanufactured at our OEM
facility by 12% from 2017, and diverted 2,903 tonnes of metal from
scrap yards or landfills, which is equivalent to the weight of 34
Boeing 747 airplanes;
- Helped customers reduce their environmental footprint with
emissions-reduced products such as Tier 4 equipment, which provides
a 90% reduction in emissions (NOx and particulate matter) compared
to Tier 3 standards, Dynamic Gas Blending engines for non-power
applications that displace diesel consumption by up to 85%, and
other lower carbon and renewable power solutions;
- Engaged more than 100,000 youth through STEM partnerships;
- Released our Indigenous Guiding Principles in Canada;
- 4Refuel had zero significant spills while pumping 860,941,022
litres of fuel in 2020.
We are evolving the way we disclose climate-related risks and
opportunities. As a first step, we aligned our sustainability
report with some of the requirements of the Task Force on
Climate-related Financial Disclosures (TCFD) and we mapped our
disclosures to the Sustainability Accounting Standards Board (SASB)
requirements for the industry that most closely reflects our
business: Industrial Machinery & Goods. We are working to
further align our future reports with TCFD and SASB standards and
continue to provide more transparency on our climate-related risks
and opportunities.
Our sustainability report is complemented by our Sustainability
Roadmap and a Global Reporting Initiative (GRI) supplemental
information package, which outlines our governance around
sustainability, stakeholder engagement, material sustainability
topics, and management approach. These documents are available on
www.finning.com/sustainability.
CONTACT INFORMATION: |
|
|
Amanda Hobson |
|
Elisha McCallum |
SVP, Investor Relations and Treasury |
|
Director, Global Communications |
(604) 331-4865 |
|
(778) 668-0185 |
Amanda.Hobson@finning.com |
|
elisha.mccallum@finning.com |
|
|
|
www.finning.com |
|
|
ABOUT FINNING:Finning International Inc. is the
world’s largest Caterpillar equipment dealer delivering unrivaled
service to customers for more than 85 years. Finning sells, rents
and provides parts and service for equipment and engines to help
customers maximize productivity. Headquartered in Vancouver, B.C.,
the Company operates in Western Canada, Chile, Argentina, Bolivia,
the United Kingdom and Ireland.
Finning (TSX:FTT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Finning (TSX:FTT)
Historical Stock Chart
From Sep 2023 to Sep 2024