The Company's first interim data refresh
report
External recognitions support sustainability
performance
LAKE
OSWEGO, Ore., Nov. 13,
2024 /PRNewswire/ -- The Greenbrier Companies, Inc.
(NYSE:GBX) ("Greenbrier") released its 2024 Sustainability Update,
On Track Together. The 2024 interim report provides updates
to Greenbrier's key sustainability issues on the topics
of Safety & Quality, People, Environmental Sustainability,
Governance & Ethics and Communities.
Experience the full interactive Multichannel News Release here:
https://www.multivu.com/greenbrier/9299952-en-greenbrier-2024-sustainability-update-on-track-together
Highlights from On Track Together include:
- Greenbrier reused, reclaimed or recycled 25,000 tons of
materials through its programmatic railcar restoration activities,
including Sustainable ConversionsTM.
- Employees provided a global response rate of 94% to its 2024
survey, which solicited feedback and provided insight into employee
perceptions and areas for improvement.
- Local communities received nearly $800,000 through Greenbrier's charitable giving
efforts.
- The total share of recycled steel purchased for new railcar
manufacturing increased to 56%.
- Greenbrier underwent a 2-degree Celsius scenario planning event
to assess the Company's preparedness under various potential
climate-related situations.
- A third-party, automated risk management system was introduced
to monitor customer and supplier compliance with all international
laws and regulations.
- In 2024, 35% of Greenbrier's U.S.-based electricity usage came
from renewable energy sources.
- During the last year, Greenbrier received a variety of
sustainability awards and recognitions, led by our key customers
and other stakeholders. This includes Canadian National Railway's
EcoConnexions Partner, Union Pacific's Sustainability Partner,
Norfolk Southern's Thoroughbred Sustainability Partner, Governance
Intelligence's Best ESG reporting (small cap), America's Climate
Leaders by USA TODAY and Statista,
and Newsweek's America's Greenest Companies.
Lorie Tekorius, CEO and
president, said, "I am proud of the progress made on our
sustainability priorities in fiscal 2024. With our people at the
center of our decision-making and continuous improvement
initiatives, we created value for our customers, industry and the
communities where we operate. This is demonstrated by the many
external sustainability recognitions we have received from our
customers, media organizations, and other stakeholders."
The report follows the Sustainability Accounting Standards Board
(SASB) framework with reference to the related United Nations
Sustainable Development Goals (UN SDGs). Greenbrier previously
tracked progress for conformance with the Taskforce on
Climate-Related Financial Disclosures. Due to TCFD's disbandment in
2024, Greenbrier plans to transition to the International
Sustainability Standards Board's (ISSB) new International Financial
Reporting Standards (IFRS) S1 General Requirements for Disclosure
of Sustainability-Related Financial Information and IFRS S2
Climate-Related Disclosures.
On Track Together is available at
https://www.gbrx.com/esg/.
About Greenbrier
Greenbrier, headquartered in
Lake Oswego, Oregon, is a leading
international supplier of equipment and services to global freight
transportation markets. Through its wholly-owned subsidiaries and
joint ventures, Greenbrier designs, builds and markets freight
railcars in North America,
Europe and Brazil. We are a leading provider of freight
railcar wheel services, parts, maintenance and retrofitting
services in North America through
our maintenance services business unit. Greenbrier owns a lease
fleet of approximately 15,500 railcars that originate primarily
from Greenbrier's manufacturing operations. Greenbrier offers
railcar management, regulatory compliance services and leasing
services to railroads and other railcar owners in North America. Learn more about Greenbrier at
www.gbrx.com.
Forward-Looking Statements
This press release
may contain forward-looking statements, including statements that
are not purely statements of historical fact. Greenbrier uses
words, and variations of words, such as "assess," "continue,"
"future," "improve," "increase," "initiative," "plan," "progress,"
"provide," "will," and similar expressions to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance and are subject to certain
risks and uncertainties that could cause actual results to differ
materially from the results contemplated by the forward-looking
statements. Factors that might cause such a difference include, but
are not limited to, the following: an economic downturn and
economic uncertainty; inflation (including rising energy prices,
interest rates, wages and other escalators) and policy reactions
thereto (including actions by central banks); disruptions in the
supply of materials and components used in the production of our
products; the war in Ukraine and
related events, and related economic disruptions (including, among
other factors, operations and supply disruptions and labor
shortages). More information on potential factors that could cause
our results to differ from our forward-looking statements is
included in the Company's filings with the SEC, including in the
"Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" sections of the
Company's most recently filed periodic report on Form 10-K. Except
as otherwise required by law, the Company assumes no obligation to
update any forward-looking statements or information, which speak
as of their respective dates. Readers are cautioned not to place
undue reliance on these forward-looking statements, which reflect
management's opinions only as of the date hereof.
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SOURCE The Greenbrier Companies, Inc.
