Greenbrier Issues 2021 ESG Report RailwayAge MagazineView Full Coverage on Google NewsGreenbrier Issues 2021 ESG Report RailwayAge MagazineView Full Coverage on Google News
Impact Investing Forum 2022
London. April 28-29, 2022.
The report by Greenbrier outlines the 2020-21 initiatives of the company in five areas: safety and people, sustainability, governance, ethics, and communities. On Nov. 2, The Greenbrier Companies, Inc. published its third-annual Environmental, Social and Governance report. According to Greenbrier, the 58-page report was prepared following the Sustainability Accounting Standards Board’s (SASB), framework for the second year. It details the 2020-21 initiatives of the freight car manufacturer in five areas: safety and people, environmental sustainability and governance and ethics, as well as communities. The report includes the following highlights:
* Conducting a materiality analysis with perspectives from both internal and external stakeholders to determine which topics are most relevant to the ESG program.
* Greenbrier’s ESG approach incorporates the Sustainable Development Goals (SDGs), of the United Nations.
* Four consecutive years of improved safety results, including a company-record safety performance in fiscal 2021.
* Increasing recycled steel content by 47% to 51% in 2020 and 2021. The company’s ESG strategy focuses on the growth of recycled steel content.
* Hosting 93 interviews of Greenbrier leaders to establish internal alignment and prioritize IDEAL actions (Inclusion, Diversity, Equity, Access and Leadership). These conversations allowed employees to voice their opinions on workplace diversity and inclusion, and to discuss areas for Greenbrier improvement, according to Greenbrier.
* Meeting all company’s 2020 ESG reporting deadlines. William A. Furman and Lorie Tekorius. “Greenbrier’s employees showed resilience, including moving our ESG strategies ahead, improving efficiencies across global operations, and streamlining data collection methodology,” said William A. Furman, Co-founder, Chairman, and CEO. “Greenbrier is always looking for ways to optimize freight transportation products’ environmental efficiency and deliver services more efficiently,” stated President and Chief Operating Officer Lorie Tekrius. She will be Furman’s successor as CEO and President on March 1, 2022. “Our success today, and in the future, requires that we balance our ESG focus areas and business performance that meets customers, shareholders, and employees.” (As announced in July 2022, Furman will be retiring from all executive offices in September 2022. His current term on the Board continues until January 2024. On Oct. 26, Greenbrier reported its fourth-quarter fiscal year 2021 results. These were marked by a 1.5x increase in book-to-bill, and more than $80 millions of operating cash flow. Categories: Class I: Finance/Leasing Freight, Freight cars, Mechanical, News, Short Lines & Regionals Switching & Terminal Tags. Breaking News, Greenbrier Companies