FARO Technologies, Inc has announced two new strategic goals in support of its Environment, Social & Governance (ESG) efforts.
The first new goal is to reduce the Company carbon emissions 25 percent by 2025 through aggressive activities that improve environmental performance. The second new goal is to establish middle and high school partnerships to improve curriculum in Science, Technology, Engineering & Mathematics (STEM) — especially for minorities and females from low-income and disadvantaged areas. Year-one STEM funding will be $50,000 across the US, Canada, Germany, Portugal, the U.K, Singapore, and India.
“FARO is deeply committed to practicing good citizenship and global sustainability and we have a strong history of addressing ESG issues that impact the organisation, our customers and the communities we serve around the globe,” said Michael Burger, President & CEO. “Whether reducing our carbon footprint, embracing ethical business practices, supporting diversity in our schools or ensuring oversight of our operations and data, corporate responsibility is a business imperative woven throughout the enterprise.”
FARO has a diverse global workforce and fosters a culture of trust that provides a safe and secure environment. Established ESG programs and policies drive operational excellence and maintain the highest standards possible for accountability, conduct and governance. The Company also ensures that supply chain partners adhere to these principles and practices, including the sourcing of raw materials, as outlined in the FARO Supplier Code of Conduct policy.
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