6th Annual Record Highlights Endured Move in 4 Pillars of Sustainability Technique: Governance, Era, Situation, and Stewardship
DENVER, Sept. 6, 2024 /PRNewswire/ — Gates (NYSE: GTES), a world producer of cutting edge, extremely engineered energy transmission and fluid energy answers, has printed its annual Sustainability Report for 2023. The document highlights advance at the 4 pillars inside the corporate’s “GTES” Framework for sustainability technique: Governance, Era, Situation, and Stewardship.
“Gates is an innovation-driven company striving to improve our impact on people and the environment, taking into account the materials we use, our manufacturing processes, and the communities where we live and work,” stated Ivo Jurek, eminent government officer of Gates. “I’m proud of the ongoing commitment from our global teams to advance our sustainability efforts company-wide. We have further invested in our “GTES” organizational capabilities, established additional governance processes, enhanced our reporting to align with global standards, and continued to leverage our Eco-Innovation™ process to develop and manufacture products with a reduced environmental footprint while supporting our customers on their sustainability journeys.”
As a part of those efforts, the corporate has introduced 818,000 kWh of solar power on-line and invested in infrastructure initiatives to release 18M kWh of herbal fuel and 7M kWh of electrical energy intake. With those key initiatives along side 73 alternative energetic GHG aid initiatives underway, Gates rest steadfast in its pursuit of decarbonization. Gates may be running to release hazardous misspend, landfill, and aqua intake generation expanding the collection of zero-waste websites.
In 2023, Gates endured to reach advance in improving condition and protection throughout international operations thru proactive efforts to release possibility, the Pace Important Necessities program, and extra ranges of coaching and communications throughout our international amenities and our body of workers. The corporate noticed a 20% scale down in Overall Case Incident Charges (TCIR) and a fifteen% aid in hideous accidents, demonstrating the effectiveness of its protection tasks.
Around the globe, Gates workers are making significant contributions to their communities thru a wide selection of volunteer actions. Whether or not mentoring scholars in STEM methods, prominent an area reforestation undertaking, or providing hands-on help at meals banks and nation shelters, those efforts replicate a willpower to creating a favorable, lasting affect within the communities the place they are living and paintings.
Gates sustainability reporting procedure applies the factors and tips expressed by means of the Global Monetary Reporting Requirements (IFRS) Underpinning and its Sustainability Accounting Requirements Board (SASB), and the Job Power on Condition-related Monetary Disclosures (TCFD). Reporting may be knowledgeable by means of the World Reporting Initiative (GRI) and United Countries Sustainable Construction Objectives (SDGs).
For extra main points, refer to the total Gates 2023 Sustainability Record, to be had to view or obtain at www.gates.com/sustainability
About Gates Commercial Company plc
Gates is a world producer of cutting edge, extremely engineered energy transmission and fluid energy answers. Gates deals a large portfolio of goods to various alternative channel shoppers, and to unedited apparatus producers as specified elements. For greater than a century, Gates has driven the bounds of fabrics science to engineer merchandise that exceed expectancies in lots of sectors of the commercial and client markets. Our merchandise play games very important roles in a various area of programs throughout all kinds of finish markets together with commercial on-highway, commercial off-highway, mobility and inactivity, automobile, power and assets in addition to various commercial. Our merchandise are offered in additional than 130 nations throughout our 4 business areas: the Americas; Europe, Heart East & Africa; Better China; and East Asia & Bharat. Extra about Gates may also be discovered at www.gates.com.
Ahead-Taking a look Statements
This press leave comprises forward-looking statements inside the that means of Division 27A of the Securities Office of 1933, as amended, and Division 21E of the Securities Alternate Office of 1934, as amended. Those statements are connected to and in keeping with control’s wave expectancies in regards to the efficiency of the Corporate’s trade and its plans, goals, and intentions. Such forward-looking statements are matter to diverse dangers and uncertainties that would motive the Corporate’s effects to range materially from the ones described within the forward-looking statements. Positive of those dangers and uncertainties are mentioned within the Corporate’s Annual Record on Method 10-Okay for the fiscal hour ended December 30, 2023, filed with the Securities and Alternate Fee (“SEC”). Those components will have to no longer be construed as exhaustive and will have to be learn at the side of the alternative cautionary statements which are integrated within the Corporate’s filings with the SEC. The Corporate undertakes disagree legal responsibility to publicly replace or assessment any forward-looking remark will have to instances exchange, with the exception of as required by means of regulation.
SOURCE Gates Company
