Valmont Releases 2023 Sustainability Report
25 April 2023 - 11:04PM
Business Wire
Demonstrating dedication to sustainable
solutions with an enduring commitment to Conserving Resources.
Improving Life.®
Valmont® Industries, Inc. (NYSE: VMI), a global leader that
provides vital infrastructure and advances agricultural
productivity while driving innovation through technology, today
released its 2023 Sustainability Report, the company’s eighth
report since 2015.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230425005072/en/
(Graphic: Business Wire)
Since its founding in 1946, Valmont has been innovating,
engineering, and manufacturing sustainable solutions for some of
the world’s biggest challenges. The company serves the two global
markets of Infrastructure and Agriculture by providing innovative
solutions that create long-term value for all stakeholders,
essentially unlocking value for customers by helping their business
to thrive while advancing their own sustainability goals. The 2023
Sustainability Report highlights several case studies, which
demonstrate: 1) the economically and environmentally sustainable
solutions that are designed to meet the growing demands within
these markets and 2) the significant strides Valmont is taking in
reaching its own 2025 sustainability goals.
“Continuous improvement is one of our core values at Valmont and
is solidly demonstrated in our sustainability journey,” said
Stephen G. Kaniewski, President and Chief Executive Officer.
“Valmont has significantly reduced its manufacturing facilities’
environmental footprint in the past five years, reducing energy and
normalized emissions by 43% and combustion fuel mobile source
emissions by 27%. In that same period, revenues at Valmont
increased by nearly $1.6 billion dollars. We’re proud to report
approximately 90% of our total net sales support various ESG
principles. Our keen focus on ESG improves the bottom line, creates
a competitive advantage in the market, affords us the opportunity
to attract and retain the best and brightest talent, and drives
excellence across our businesses.”
Valmont has ESG engagement and oversight at all levels of the
organization, including a dedicated ESG Committee on the Board
(established in 2021), a diverse CEO-led cross-functional ESG task
force, and active Green Teams who monitor energy and resource use
at every manufacturing facility.
Highlights of the 2023 Sustainability Report include:
- Recommitment to 2025 environmental goals against a 2018
baseline
- 10% Reduction in Scope I/II Carbon Intensity
- 12% Additional Reduction in Normalized Global Electrical
Usage
- 19% Reduction in Scope I Mobile Source Combustion Fuel Carbon
Emissions
- 100% of global manufacturing facilities to adopt low-flow water
fixtures for nonproduction areas
- Expanded our solar footprint across the globe including solar
arrays in Minto, Australia, Indapur Taluka, India, Uberaba, Brazil
and Bristol, Indiana
- Spotlight on the success of the Company’s Champion Green Teams
– including awarding the annual Sustainability Award to Acacia
Ridge in Queensland, Australia, for their dramatic improvements in
key sustainability and employee engagement metrics
- Employee engagement pulse survey results – 85% of our global
workforce responded favorably when asked questions about pride in
Valmont and engagement
- Case studies highlighting product innovation, solar expansion,
and sustainable infrastructure across our businesses
Valmont will host a dedicated conference call later this year to
discuss its Sustainability Report and ESG Priorities, including a
Q&A session for attendees. Details regarding the date and
timing of this call will be announced in the future.
About Valmont Industries, Inc.
For over 75 years, Valmont has been a global leader in creating
vital infrastructure and advancing agricultural productivity.
Today, we remain committed to doing more with less by innovating
through technology. Learn more about how we’re Conserving
Resources. Improving Life.® at valmont.com.
Concerning Forward-Looking Statements
This release contains forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on assumptions that
management has made in light of experience in the industries in
which Valmont operates, as well as management’s perceptions of
historical trends, current conditions, expected future developments
and other factors believed to be appropriate under the
circumstances. As you read and consider this release, you should
understand that these statements are not guarantees of performance
or results. They involve risks, uncertainties (some of which are
beyond Valmont’s control) and assumptions. Although management
believes that these forward-looking statements are based on
reasonable assumptions, you should be aware that many factors could
affect Valmont’s actual financial results and cause them to differ
materially from those anticipated in the forward-looking
statements. These factors include among other things, the
continuing and developing effects of the pandemic including the
effects of the outbreak on the general economy and the specific
economic effects on the Company’s business and that of its
customers and suppliers, risk factors described from time to time
in Valmont’s reports to the Securities and Exchange Commission, as
well as future economic and market circumstances, industry
conditions, company performance and financial results, operating
efficiencies, availability and price of raw material, availability
and market acceptance of new products, product pricing, domestic
and international competitive environments, geopolitical risks, and
actions and policy changes of domestic and foreign governments. The
Company cautions that any forward-looking statement included in
this press release is made as of the date of this press release and
the Company does not undertake to update any forward-looking
statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20230425005072/en/
Renee Campbell Renee.Campbell@valmont.com
Valmont Industries (NYSE:VMI)
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