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| Greenbrier Releases 2023 ESG report (Cont.) | | Page 2 |
Greenbrier Maxion in Brazil and three facilities in Romania obtained ISO 14001 certifications. Including Greenbrier Wagony Swidnica in Poland, Greenbrier has five ISO 14001-certified manufacturing facilities. These certifications result in part from Greenbrier’s comprehensive approach to its Environment, Health and Safety (EHS) programs.
Governance
After its annual meeting in January 2024, it is expected that Greenbrier’s Board diversity will increase with 33% ethnically diverse directors, up from 27%, and female Board composition at 44%, up from 36%. Added to this year’s review of Governance is an overview of Greenbrier’s work on cybersecurity, including training efforts to protect the company’s data and technology infrastructure.
Communities
Greenbrier donated $1 million in 2023 to support its local communities and nonprofits worldwide with scholarships, human services, environmental enhancement and disaster relief.
Lorie Tekorius, CEO & President said, “Greenbrier continually enhances our safety culture, invests in our people, and builds on our sustainability initiatives. In 2023, our ESG program has been bolstered by our Better Together strategy, which is creating positive connections and dialogue across Greenbrier and with our shareholders. ESG report audits, product enhancement initiatives, and sustainability projects have propelled us ahead. Today, we have adapted On Track Together to newly recognized reporting frameworks and consistently correlate it to best practices. Our commitments to advancing our ESG programs are ambitious and will continue.”
The report follows ESG disclosure frameworks, including TCFD, the Sustainability Accounting Standards Board (SASB), and the United Nations Sustainable Development Goals (UN SDGs).
On Track Together is available at https://www.gbrx.com/esg/
About Greenbrier
Greenbrier, headquartered in Lake Oswego, Oregon, is a leading international supplier of equipment and services to global freight transportation markets. Through its wholly-owned subsidiaries and joint ventures, Greenbrier designs, builds and markets freight railcars in North America, Europe and Brazil. We are a leading provider of freight railcar wheel services, parts, maintenance and retrofitting services in North America through our maintenance services business unit. Greenbrier owns a lease fleet of approximately 13,400 railcars that originate primarily from Greenbrier’s manufacturing operations. Greenbrier offers railcar management, regulatory compliance services and leasing services to railroads and other railcar owners in North America. Learn more about Greenbrier at www.gbrx.com.
“SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This press release may contain forward-looking statements, including statements that are not purely statements of historical fact. Greenbrier uses words, and variations of words, such as “advance,” “believe,” “continue,” “define,” “enhance,” “estimate,” “expect,” “future,” “improve,” “increase,” “initiative,” “progress,” “project,” “provide,” “strategy,” “target,” “will,” and similar expressions to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. Factors that might cause such a difference include, but are not limited to, the following: an economic downturn and economic uncertainty; inflation (including rising energy prices, interest rates, wages and other escalators) and policy reactions thereto (including actions by
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