INNIO 2021 SUSTAINABILITY REPORT DEFINES COMPANY PERFORMANCE MEETING ESG GOALS

KUALA LUMPUR, June 23 (Bernama) -- INNIO, a leading energy solution and service provider, has published its Sustainability Report for 2021 Together Towards Zero, which defines the company’s performance in meeting environmental, social, and governance (ESG) goals.

While INNIO is currently empowering industries and communities to transition to net zero, this report – prepared in accordance with GRI and SASB standards – formally communicates on progress and sustainability-related performance providing, transparency about how INNIO is contributing to a green tomorrow.

In a statement, INNIO chief executive officer Dr Olaf Berlien states: “I’m incredibly proud of the steps we have taken to implement our ESG strategy.

“The outstanding recognition we have received for our achievements with leading ESG ratings shows that we are on the right track on our path to net zero.”

In accordance with global frameworks and commitments, INNIO set out ambitious sustainability targets in three strategic focus areas where it sees the most material impacts and opportunities for improvement: Low Carbon and Circular Products, Resilient Supply Chain and Manufacturing, and Responsible Operations and Social Responsibility.

Selected key ambitions in these areas include INNIO offering since 2022, all new engines with a ‘Ready for H2’ option; imperative that suppliers covering 80 per cent of direct and indirect spend commit to net zero by 2050; and, by 2025, an increase of identified diversity groups by 25 per cent across functions compared to the 2020 baseline.

INNIO’s 2021 Sustainability Report is a non-financial disclosure published annually, prepared in accordance with the standards of the Global Reporting Initiative (GRI) core option and the Sustainability Accounting Standards Board (SASB).

INNIO is headquartered in Jenbach (Austria).

For more information, visit www.innio.com.

-- BERNAMA