{"id":732862,"date":"2023-02-21T07:03:38","date_gmt":"2023-02-21T12:03:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wabtecs-2022-sustainability-report-highlights-progress-on-key-initiatives\/"},"modified":"2023-02-21T07:03:38","modified_gmt":"2023-02-21T12:03:38","slug":"wabtecs-2022-sustainability-report-highlights-progress-on-key-initiatives","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wabtecs-2022-sustainability-report-highlights-progress-on-key-initiatives\/","title":{"rendered":"Wabtec\u2019s 2022 Sustainability Report Highlights Progress on Key Initiatives"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><i><b>Wabtec\u2019s 2022 Sustainability Report Highlights Progress on Key Initiatives<\/b><\/i><\/p>\n<p>PITTSBURGH&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.wabteccorp.com%2F&amp;esheet=53334139&amp;newsitemid=20230221005296&amp;lan=en-US&amp;anchor=Wabtec+Corporation&amp;index=1&amp;md5=9c92168cccd3822adae291f85b8615bb\">Wabtec Corporation<\/a> (NYSE: WAB) released today its 2022 Sustainability Report highlighting the company\u2019s progress on key environmental, social, and governance (ESG) commitments. The company is focused on creating a sustainable future through innovative technologies, responsible operations, and empowering people and communities.\n<\/p>\n<p>\n\u201cAt Wabtec, we remain committed to be part of the solution and to slow the speed of global climate change by taking action within our own operations and bringing products to market that drive sustainable value for our customers,\u201d said Rafael Santana, President and CEO of Wabtec.\n<\/p>\n<p>\nThe company is committed to expanding its ESG goals to ensure they serve employees, customers, communities, and shareholders in more sustainable ways. Wabtec strives to develop new, more sustainable products and services across its portfolio to reduce the impact on the environment. Demonstrating Wabtec\u2019s focus on continuous improvement, the sustainability report detailed key commitments related to its climate action plan such as:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nSetting a new near-term absolute greenhouse gas (GHG) reduction goal to reduce its Scope 1 and 2 GHG emissions by 50% by 2030, from a baseline of 2019\n<\/li>\n<li>\nCommitting to disclose Wabtec\u2019s Scope 3 GHG emissions across its full value chain this year\n<\/li>\n<li>\nCommitting to set near-term targets next year for categories of Scope 3 GHG emissions material to Wabtec\n<\/li>\n<\/ul>\n<p>\nWabtec took several actions to advance its ESG strategy and goals, including:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nJoining the United Nations (UN) Global Compact, demonstrating the company\u2019s existing and ongoing commitment to the universal sustainability principles promoted by the organization\n<\/li>\n<li>\nPartnering with industry to accelerate the development, validation, and adoption of lower carbon fuels and alternative clean energy technologies for the freight rail industry\n<\/li>\n<li>\nJoining Europe\u2019s Rail Joint Undertaking (ERJU) as a founding member; A follow-up to the Shift2Rail initiative, ERJU is a partnership between Europe\u2019s major railway stakeholders that aims to create a more modern and sustainable European railway system\n<\/li>\n<li>\nReducing the greenhouse gas emissions intensity by 20% across the company\u2019s global operations\n<\/li>\n<\/ul>\n<p>\n\u201cOur greatest strength at Wabtec has always been our ability to continuously transform our company to deliver game-changing, sustainable innovations and solutions to our customers and the world,\u201d said Santana. \u201cWhile the journey to a fully decarbonized transportation future will take time, I am confident in the strength of Wabtec\u2019s innovation, global scale, and, most importantly, our people. I know that we will lead our industry forward, not by waiting for the future, but creating it.\u201d\n<\/p>\n<p>\nTo download and read the full report, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.wabteccorp.com%2Fsustainability&amp;esheet=53334139&amp;newsitemid=20230221005296&amp;lan=en-US&amp;anchor=www.wabteccorp.com%2Fsustainability&amp;index=2&amp;md5=4d8bf432935d1ae517503f0f2fa8e770\">www.wabteccorp.com\/sustainability<\/a><\/p>\n<p><b>About Wabtec Corporation<\/b><\/p>\n<p>\nWabtec Corporation is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a zero-emission rail system in the U.S. and worldwide.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230221005296r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230221005296\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230221005296\/en\/<\/a><\/span><\/p>\n<p><b>Wabtec Media Contact<br \/>\n<\/b><br \/>Tim Bader \/ <a rel=\"nofollow\" href=\"mailto:tim.bader@wabtec.com\">tim.bader@wabtec.com<\/a> \/ 682-319-7925\n<\/p>\n<p><b>Wabtec Investor Contact<br \/>\n<\/b><br \/>Kristine Kubacki, CFA \/ <a rel=\"nofollow\" href=\"mailto:kristine.kubacki@wabtec.com\">kristine.kubacki@wabtec.com<\/a> \/ 412-450-2033\n<\/p>\n<p><b>KEYWORDS:<\/b> Pennsylvania United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> DEI (Diversity, Equity and Inclusion) Environment Environmental, Social and Governance (ESG) Rail Professional Services Maritime Logistics\/Supply Chain Management Transport<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230221005296\/en\/1717966\/3\/Wabtec-Corporation.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Wabtec\u2019s 2022 Sustainability Report Highlights Progress on Key Initiatives PITTSBURGH&#8211;(BUSINESS WIRE)&#8211;Wabtec Corporation (NYSE: WAB) released today its 2022 Sustainability Report highlighting the company\u2019s progress on key environmental, social, and governance (ESG) commitments. The company is focused on creating a sustainable future through innovative technologies, responsible operations, and empowering people and communities. \u201cAt Wabtec, we remain committed to be part of the solution and to slow the speed of global climate change by taking action within our own operations and bringing products to market that drive sustainable value for our customers,\u201d said Rafael Santana, President and CEO of Wabtec. The company is committed to expanding its ESG goals to ensure they serve employees, customers, communities, and shareholders in more sustainable ways. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wabtecs-2022-sustainability-report-highlights-progress-on-key-initiatives\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Wabtec\u2019s 2022 Sustainability Report Highlights Progress on Key Initiatives&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-732862","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wabtec\u2019s 2022 Sustainability Report Highlights Progress on Key Initiatives - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wabtecs-2022-sustainability-report-highlights-progress-on-key-initiatives\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wabtec\u2019s 2022 Sustainability Report Highlights Progress on Key Initiatives - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Wabtec\u2019s 2022 Sustainability Report Highlights Progress on Key Initiatives PITTSBURGH&#8211;(BUSINESS WIRE)&#8211;Wabtec Corporation (NYSE: WAB) released today its 2022 Sustainability Report highlighting the company\u2019s progress on key environmental, social, and governance (ESG) commitments. The company is focused on creating a sustainable future through innovative technologies, responsible operations, and empowering people and communities. \u201cAt Wabtec, we remain committed to be part of the solution and to slow the speed of global climate change by taking action within our own operations and bringing products to market that drive sustainable value for our customers,\u201d said Rafael Santana, President and CEO of Wabtec. The company is committed to expanding its ESG goals to ensure they serve employees, customers, communities, and shareholders in more sustainable ways. &hellip; Continue reading &quot;Wabtec\u2019s 2022 Sustainability Report Highlights Progress on Key Initiatives&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/wabtecs-2022-sustainability-report-highlights-progress-on-key-initiatives\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-21T12:03:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230221005296r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wabtecs-2022-sustainability-report-highlights-progress-on-key-initiatives\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wabtecs-2022-sustainability-report-highlights-progress-on-key-initiatives\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Wabtec\u2019s 2022 Sustainability Report Highlights Progress on Key Initiatives\",\"datePublished\":\"2023-02-21T12:03:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wabtecs-2022-sustainability-report-highlights-progress-on-key-initiatives\\\/\"},\"wordCount\":570,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wabtecs-2022-sustainability-report-highlights-progress-on-key-initiatives\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230221005296r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wabtecs-2022-sustainability-report-highlights-progress-on-key-initiatives\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wabtecs-2022-sustainability-report-highlights-progress-on-key-initiatives\\\/\",\"name\":\"Wabtec\u2019s 2022 Sustainability Report Highlights Progress on Key Initiatives - 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