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Finning Releases 2020 Sustainability Report

Finning Releases 2020 Sustainability Report


VANCOUVER, British Columbia, March 30, 2021 (GLOBE NEWSWIRE) — Finning Worldwide Inc. (TSX: FTT) (“Finning”, the “Firm”, “we”, “us” or “our”) introduced at present the discharge of our 2020 Sustainability Report detailing our progress in folks, security, setting, product stewardship, communities, and ethics and governance.

“The job of constructing and powering a greater world doesn’t cease regardless of the challenges of COVID-19. We’re happy with the way in which we proceed to assist our workers, clients, and communities by means of the pandemic as an important service supplier,” mentioned Scott Thomson, President and CEO of Finning Worldwide.

“With the sustainability technique embedded in our services and products, we’re centered on being an much more accountable accomplice to assist our clients transition to a low-carbon financial system and take higher care of the communities we serve. We’re dedicated to decreasing our absolute GHG emissions by 20% by 2027 from our 2017 baseline.”

Key highlights in our 2020 Sustainability Report embrace:

  • Lowered our complete harm frequency by 35% from 2019;
  • Scored 9 factors above the Inclusive Tradition international excessive performing firm norm in our annual worker expertise survey;
  • Recycled 9,985 tonnes of non-hazardous and a couple of,696 tonnes of hazardous waste;
  • Elevated the variety of parts remanufactured at our OEM facility by 12% from 2017, and diverted 2,903 tonnes of steel from scrap yards or landfills, which is equal to the burden of 34 Boeing 747 airplanes;
  • Helped clients cut back their environmental footprint with emissions-reduced merchandise corresponding to Tier 4 tools, which offers a 90% discount in emissions (NOx and particulate matter) in comparison with Tier 3 requirements, Dynamic Fuel Mixing engines for non-power purposes that displace diesel consumption by as much as 85%, and different decrease carbon and renewable energy options;
  • Engaged greater than 100,000 youth by means of STEM partnerships;
  • Launched our Indigenous Guiding Ideas in Canada;
  • 4Refuel had zero important spills whereas pumping 860,941,022 litres of gasoline in 2020.

We’re evolving the way in which we disclose climate-related dangers and alternatives. As a primary step, we aligned our sustainability report with a number of the necessities of the Job Drive on Local weather-related Monetary Disclosures (TCFD) and we mapped our disclosures to the Sustainability Accounting Requirements Board (SASB) necessities for the trade that the majority intently displays our enterprise: Industrial Equipment & Items. We’re working to additional align our future studies with TCFD and SASB requirements and proceed to offer extra transparency on our climate-related dangers and alternatives.

Our sustainability report is complemented by our Sustainability Roadmap and a International Reporting Initiative (GRI) supplemental info bundle, which outlines our governance round sustainability, stakeholder engagement, materials sustainability subjects, and administration strategy. These paperwork can be found on www.finning.com/sustainability.

CONTACT INFORMATION:
Amanda Hobson Elisha McCallum
SVP, Investor Relations and Treasury Director, International Communications
(604) 331-4865 (778) 668-0185
Amanda.Hobson@finning.com elisha.mccallum@finning.com
www.finning.com

ABOUT FINNING:
Finning Worldwide Inc. is the world’s largest Caterpillar tools seller delivering unequalled service to clients for greater than 85 years. Finning sells, rents and offers elements and repair for tools and engines to assist clients maximize productiveness. Headquartered in Vancouver, B.C., the Firm operates in Western Canada, Chile, Argentina, Bolivia, the UK and Eire.

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