Xebec Releases Inaugural Annual Sustainability Report
August 31 2020 - 7:00AM
Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a
global provider of clean energy solutions is pleased to release
today its inaugural 2019 ESG Report, highlighting its approach to
sustainability and setting a baseline for managing and reporting on
its material environmental, social, and governance (“ESG”) issues.
“Gross Domestic Product growth and prosperity
should not come at the expense of environmental and social
prosperity, and Xebec is committed to ensuring that it conducts
business responsibly for the benefit of future generations. Xebec’s
2019 ESG Report is a first step to bring structure and process to
the integration of ESG considerations in the conduct of our
business that will lead to improved reporting year over year,” said
Kurt Sorschak, Chairman, CEO and President of Xebec.
Reporting on Xebec’s material ESG issues is
based on the standards of the Sustainability Accounting Standards
Board (“SASB”) for the Industrial Machinery & Goods industry of
the Resource Transformation sector, as defined by SASB’s
Sustainable Industry Classification System®; these serve to
determine the specific material ESG issues we report on. Xebec has
also used the framework provided by the Taskforce on
Climate-related Financial Disclosures (“TCFD”); these serve as a
guide to the context and narrative Xebec provides for its
sustainability approach in general and how the company addresses
each material issue specifically.
Material issues addressed in the
report:
- Climate change
- Energy management
- Employee health and safety
- Fuel economy and emissions in use-phase
- Materials sourcing
- Remanufacturing design and services
Xebec is implementing a continuous improvement
process of managing, measuring, and reporting on those ESG issues
that are critical to our business activities. With this report, we
have begun the process of explicitly identifying such issues and
integrating them into our governance and management processes, in
order to more clearly measure and communicate how we perform on
them to our stakeholders including our shareholders,
employees, capital providers, governmental agencies, and the
general public.
The full Xebec 2019 ESG Report can be downloaded
at:
https://xebecinc.com/wp-content/uploads/2020/08/ESG-Report-2019.pdf
Related
links:https://xebecinc.com/
https://xebecinc.com/sustainability/
For more information:Xebec
Adsorption Inc. Brandon Chow, Investor Relations Manager
bchow@xebecinc.com +1 450.979.8700 ext 5762
About Xebec Adsorption
Inc.Xebec is a global provider of gas generation,
purification and filtration solutions for the industrial, energy
and renewables marketplace. Well-positioned in the energy
transition space with proprietary technologies that transform raw
gases into clean sources of renewable energy, Xebec’s 1500+
customers range from small to multi-national corporations,
governments and municipalities looking to reduce their carbon
footprints. Headquartered in Montréal, Quebec, Canada, Xebec has
several Sales and Support offices in North America and Europe, as
well as two manufacturing facilities in Montréal and Shanghai.
Xebec trades on the TSX Venture Exchange under the symbol XBC. For
more information, www.xebecinc.com.
Cautionary Statement Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. This news release contains forward-looking statements and
forward-looking information (together, “forward-looking
statements”) within the meaning of applicable securities laws. All
statements, other than statements of historical facts, are
forward-looking statements, and subject to risks and uncertainties.
Generally, forward-looking statements can be identified by the use
of terminology such as “plans”, “seeks”, “expects”, “estimates”,
“intends”, “anticipates”, “believes”, “could”, “might”, “likely” or
variations of such words, or statements that certain actions,
events or results “may”, “will”, “could”, “would”, “might”, “will
be taken”, “occur”, “be achieved” or other similar expressions.
Forward-looking statements, including statements concerning future
capital expenditures, revenues, expenses, earnings, economic
performance, indebtedness, financial condition, losses and future
prospects as well as the expectations of management of Xebec with
respect to information regarding the business and the expansion and
growth of Xebec operations, involve risks, uncertainties and other
factors that could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied
by such forward-looking statements. Forward-looking statements are
subject to business and economic factors and uncertainties, and
other factors that could cause actual results to differ materially
from these forward-looking statements, including the relevant
assumptions and risks factors set out in Xebec's public documents,
including in the most recent annual management discussion and
analysis and annual information form, filed on SEDAR at
www.sedar.com. Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements or information.
These risks, uncertainties and other factors include, among others,
the uncertain and unpredictable condition of global economy,
notably as a consequence of the Covid-19 pandemic, Xebec’s capacity
to generate revenue growth, the availability to Xebec of financing
and credit alternatives and access to capital, Xebec’s capacity to
meet all its other commitments and business plans, Xebec’s limited
number of customers, the potential loss of key employees, changes
in the use of proceeds relating to the loan, share price
volatility, and other factors. Although Xebec believes that the
assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on
these statements, which only apply as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed times frames or at all. Except where required by
applicable law, Xebec disclaims any intention or obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
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