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Gates, a global provider of application-specific fluid power and power transmission solutions, recently released a corporate sustainability report for 2019, detailing the company’s ongoing efforts in the areas of sustainability, corporate governance, product innovation, health and safety, community stewardship, and diversity and inclusion.
The report covers the company’s alignment with the U.N.’s sustainable development goals and describes a “holistic methodology to minimize environmental impact,” the company said in an Oct. 29 press release. Gates’s global team takes an “integrated end-to-end approach to sustainability by combining innovative materials science, product design, and process engineering to create inherently more sustainable products,” the statement said.
In its operations, Gates also focuses on water and energy conservation, greenhouse gas emissions, and waste minimization, as well as recycling. “The report documents measurable progress across all of these areas of sustainability, as well as in a number of other important areas,” the press release said.
Employee health and safety is a top priority, and Gates has achieved a 40% reduction in recordable injuries over the last five years, according to the statement. Community engagement is also a key focus area that includes programs like the annual BuildORama bicycle build event at Gates’ Denver headquarters, during which employees build and donate bikes to underprivileged children.
Additionally, the report provides an accounting of charitable efforts through the Gates Industrial
Corporation Foundation and donations to more than 150 unique nonprofit organizations. The report notes “the tangible progress made in ongoing efforts to support diversity and inclusion in the workforce.” Since early 2020, Gates had 38% female representation on its global board of directors, according to the press release.
The full report can be viewed and downloaded here.
For more information, visit www.gates.com.