LAKE MARY, Fla., Feb. 25, 2021 /PRNewswire/ -- FARO
Technologies, Inc. (NASDAQ: FARO), a global leader for 3D
measurement, imaging and realization solutions for 3D
Metrology, AEC (Architecture, Engineering & Construction), and
Public Safety Analytics, today 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%
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 organization, 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.
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 (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.
For more information about FARO, visit: www.faro.com.
This release contains forward-looking statements. For full
disclaimer, visit:
https://tech.faro.com/forward-looking-statement/
About FARO
For 40 years, FARO has provided
industry-leading technology solutions that enable customers to
measure their world, and then use that data to make smarter
decisions faster. FARO continues to be a pioneer in bridging the
digital and physical worlds through data-driven reliable accuracy,
precision, and immediacy. For more information, visit:
www.faro.com.
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SOURCE FARO