Westport Publishes 2022 ESG Report
Westport Fuel Systems Inc., a global leader in low-emissions alternative fuel transportation technologies, is pleased to announce the launch of its 2022 Environmental, Social and Governance (ESG) report.
This comprehensive report highlights Westport's achievements in key ESG areas, including the reduction of its carbon footprint, commitment to operational health and safety, promotion of diversity, equity, and inclusion, responsible sourcing practices, protection of human rights, and strong ESG governance.
From its inception, Westport has been dedicated to providing clean and affordable transportation solutions, aligning its goals and strategies with today's ESG-related risks and opportunities.
The company has taken significant steps to positively impact its global customers by enhancing governance practices, improving management processes, engaging stakeholders, and working towards building supply chain resilience and due diligence.
David M. Johnson, Chief Executive Officer of Westport, emphasised the company's commitment to sustainable value creation for all stakeholders. He acknowledged that financial gains alone are insufficient and stressed the importance of environmental stewardship, social responsibility, and strong governance. While celebrating their progress, Mr. Johnson acknowledged that there is still work to be done.
Addressing the challenges faced by the global community, Mr. Johnson emphasised Westport's unwavering dedication to continuous improvement. The 2022 ESG Report serves as a compass, guiding the company towards areas where it can further enhance its impact and drive positive change.
It highlights the initiatives undertaken to address critical issues, reaffirming Westport's commitment to ethical operations, minimal environmental footprint, and community empowerment. Mr. Johnson encouraged collective efforts to build a brighter and more sustainable future.
Key highlights from the 2022 ESG Report include remarkable accomplishments such as the reduction of 1,498,438 tonnes of CO2 emissions through Westport's products, the recycling of over 89% of total waste from production sites, a 55% increase in solar-based energy consumption, 32% female representation in the global workforce, 44% female representation on the Board of Directors, 89% independent non-employee directors, 71% local suppliers among the 900+ suppliers, delivery of ESG surveys to 100% of suppliers, and the initiation of Scope 3 emissions calculations.
Westport's sustainability journey continues with a focus on agility, adaptability, and resilience. Through a sustainability-driven business model, robust governance practices, and a dedicated workforce, the company aims to create long-term value for shareholders while contributing to global decarbonisation efforts. In 2023, Westport is prioritising energy management initiatives across its facilities, aiming to further reduce carbon footprints.
Building on the success of implementing photovoltaic energy at its facility in Poland, Westport plans to increase investments in its Italian facilities to meet 10% of its energy needs through this renewable source.
Furthermore, the company conducted decarbonisation workshops at its three largest production sites in early 2023, resulting in action plans for future reductions in Scope 1 and Scope 2 carbon emissions.
The 2022 ESG Report is available for download at https://wfsinc.com/company/sustainability/overview, and Westport welcomes feedback and inquiries at [email protected].
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Source: PRNewswire
