Faro Technologies Inc. introduced two new strategic goals in support of its Environment, Social & Governance 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 and mathematics, especially for minorities and females from low-income and disadvantaged areas.
Year-one STEM funding will be $50,000 across the U.S., 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 organization, our customers and the communities we serve around the globe,” says Michael Burger, president and 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.
Faro environmental programs include minimizing facility energy consumption, commercial travel, product transportation routes, and employee commute distance as well as recycling paper products, E-waste, and other materials, such as metals, plastics, rubber, and carbon fiber. Social responsibility programs include corporate giving, employee volunteerism, providing technology to advance academic research and preserve history, and offering diversity-focused internships and career opportunities to students through Faro University and the New Graduates Development Program. Governance programs include ethical and legal standards of behavior that are required of all employees and business partners and maintaining a rigorous cybersecurity infrastructure to protect sensitive employee and customer data.
