The Greenbrier Companies, Inc. on Nov. 1 published its fourth-annual Environmental, Social and Governance (ESG) report.
The 86-page report, On Track Together, which summarizes the company’s global sustainability initiatives and performance from the 2022 fiscal year, was prepared in accordance with the Sustainability Accounting Standards Board (SASB) Industrial Machinery & Goods standard for the third consecutive year, according to Greenbrier. It outlines the freight car manufacturer’s new goals and targets and highlights key achievements from the last fiscal year in five key areas: people, governance and ethics, safety and quality, environmental sustainability and communities.
Among the report highlights:
- Achieving the ‘Company’s best-ever Total Recordable Incident and DART rates at 1.09 and 0.75, respectively.
- Setting a greenhouse gas (GHG) reduction goal to reduce Scope 2 GHG emissions by 20% over the next five years.
- Committing to hosting a 2 Celsius or lower planning event by 2030.
- Introducing IDEAL (inclusion, diversity, equity, access and leadership) values to onboarding and retention strategies and the Supplier Code of Conduct.
- Initiating six employee resource groups, three times higher than the goal stated in 2021.
- Achieving 36% female Board composition.
- Contributing 9,300 volunteer hours and investing more than $1.5 million in Greenbrier’s local communities.
According to Greenbrier, the report also includes United Nations’ Sustainable Development Goals (SDG) and targets and reflects partial alignment to the Task Force on Climate-Related Financial Disclosures (TCFD), with a commitment to reach full alignment no later than 2030.
“Greenbrier’s ESG strategy is designed to drive real and sustainable improvements in areas where we can make the most impact,” said President and CEO Lorie Tekorius. “We know that ESG considerations are gaining prominence. Our stakeholders increasingly prioritize the need for our products and services to support their efforts to pursue a more sustainable and equitable future. Rail remains among the most environmentally friendly modes of freight transport. According to the Association of American Railroads (AAR), rail moves 40% of U.S. freight but accounts for only 2.1% at U.S. transportation-related greenhouse gas emissions. Our organization, from our Board to executive leadership to each individual team member, is committed to advancing our ESG goals. We look forward to providing updates on our progress.
DOWNLOAD THE FULL 2022 ESG REPORT BELOW: