CAMBRIDGE, ON, Dec. 8, 2022
/CNW/ - ATS Corporation (TSX: ATS) ("ATS" or the "Company") an
industry-leading automation solutions provider, has furthered its
commitment to environmental, social, and governance matters through
expanded corporate goals and targets, as outlined in ATS' 2022
Sustainability Report, for the period ending March 31, 2022.
Entitled Stronger Together, this 3rd annual
publication from ATS maps out the Company's plan to make positive,
meaningful differences in the communities where it operates through
targeted actions and impactful initiatives that are underpinned by
ATS' core values of People, Process, and Performance.
Key highlights of the report include:
- Three new ESG goals, under the themes of environmental
stewardship and diversity & inclusion, that have shorter
execution windows and continue to be aligned with the United
Nations Sustainable Development Goals
- Results of a formal materiality assessment that was
completed with the support of multiple stakeholders, both internal
and external to ATS
- Use of Global Reporting Initiative (GRI) Standards Core
in executing our materiality assessment alongside the continued use
of Sustainability Accounting Standards Board (SASB) standards to
help guide the report and assist in topic prioritization
- Commitments being undertaken by businesses within ATS to
further sustainable practices within their geographic and market
segments
"This report offers a transparent, detailed look at where we are
going, and how we are getting there," said Andrew Hider, CEO of ATS. "We are a diverse and
innovative business, with the opportunity to make meaningful
differences not only through our operations, but through the
solutions we provide our global customer base. This is something we
are committed to, and we will continue to push ourselves to achieve
our ambitious targets."
The full report is available on the ATS website.
About ATS Corporation
ATS Corporation is an industry-leading automation solutions
provider to many of the world's most successful companies. ATS uses
its extensive knowledge base and global capabilities in custom
automation, repeat automation, automation products and value-added
services including pre-automation and after-sales services, to
address the sophisticated manufacturing automation systems and
service needs of multinational customers in markets such as life
sciences, food & beverage, transportation, consumer products,
and energy. Founded in 1978, ATS employs over 6,000 people at more
than 50 manufacturing facilities and over 75 offices in
North America, Europe, Southeast
Asia and China. The
Company's common shares are traded on the Toronto Stock Exchange
under the symbol ATS. Visit the Company's website at
www.atsautomation.com.
Forward-looking Statements
This news release contains certain statements that may
constitute forward-looking information within the meaning of
applicable securities laws ("forward-looking
statements"). Forward-looking statements include all
statements that are not historical facts regarding possible events,
conditions or results of operations that ATS believes, expects or
anticipates will or may occur in the future, including, but not
limited to the sustainability targets.
Such forward-looking statements are inherently subject to
significant known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of ATS, or developments in ATS' business or in its
industry, to differ materially from the anticipated results,
performance, achievements or developments expressed or implied by
such forward-looking statements. Important risks, uncertainties and
factors that could cause actual results to differ materially from
expectations expressed in the forward-looking statements include,
but are not limited to, the duration of the COVID-19 pandemic
and its impact on the Company, its employees, customers,
suppliers and the global economy; impact of regional or global
conflicts; general market performance including capital market
conditions and availability and cost of credit; performance of the
markets that ATS serves; industry challenges in securing the supply
of labour, materials, and, in certain jurisdictions, energy sources
such as natural gas, impact of inflation; foreign currency and
exchange risk; the relative strength of the Canadian dollar; impact
of factors such as increased pricing pressure, increased cost of
energy and supplies, and delays in relation thereto, and possible
margin compression; the regulatory and tax environment; that ATS
may not meet one or more of the sustainability targets for any
number of reasons; and other risks and uncertainties detailed from
time to time in ATS' filings with securities regulators, including,
without limitation, the risk factors described in ATS' annual
information form for the fiscal year ended March 31, 2022, which are available on the System
for Electronic Document Analysis and Retrieval ("SEDAR") and can be
accessed at www.sedar.com. ATS has attempted to identify important
factors that could cause actual results to materially differ from
current expectations, however, there may be other factors that
cause actual results to differ materially from such
expectations.
Forward-looking statements are necessarily based on a number of
estimates, factors and assumptions regarding, among others,
management's current plans, estimates, projections, beliefs and
opinions, the future performance and results of the Company's
business and operations; and general economic conditions and global
events, including the COVID-19 pandemic.
Forward-looking statements included in this news release are
only provided to understand management's current expectations
relating to future periods and, as such, are not appropriate for
any other purpose. Although ATS believes that the expectations
reflected in such forward-looking statements are reasonable, such
statements involve risks and uncertainties, and ATS cautions you
not to place undue reliance upon any such forward-looking
statements, which speak only as of the date they are made. ATS does
not undertake any obligation to update forward-looking statements
contained herein other than as required by law.
SOURCE ATS Corporation