FARO Technologies Inc., a global leader for 3D measurement, imaging and realization technology announced two new strategic goals in support of its Environment, Social & Governance (ESG) efforts. The first goal is to reduce the company’s carbon emissions 25 percent by 2025 through aggressive environmental performance activities. Secondly, to establish partnerships with middle and high schools to enhance the curriculum of Science, Technology, Engineering & Mathematics (STEM). The first year STEM funding will be $50,000 across the US, Canada, Germany, Portugal, the U.K, Singapore, and India, designed particularly for minorities and females from low-income and disadvantaged areas.
The company with a diverse global workforce, fosters a culture of trust which creates a safe and secure environment. The established ESG programs and policies promote operational excellence and uphold the highest standards possible for accountability, conduct and governance. The company also ensures compliance of supply chain partners to these principles and practices, including the sourcing of raw materials, as described in the FARO Supplier Code of Conduct policy.
The company’s environmental programs include minimization of energy consumption, commercial travel, product transportation routes, and employee commute distance as well as recycling paper products, E-waste, and other materials. Social responsibility programs involve 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 conduct standards required of all employees and business partners and maintaining a strict cybersecurity infrastructure to protect sensitive employee and customer data.
“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, FARO Technologies, Inc. “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.”
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