Gates Releases Third Annual Corporate Sustainability Report Detailing Global Environmental Responsibility and Corporate Citizenship
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DENVER, May 6, 2021 / PRNewswire / – Gates (NYSE: GTES), a leading global provider of application-specific hydraulic and power transmission solutions, today released its 2020 Sustainability Report. The Gates Report presents a comprehensive set of initiatives and programs organized around Gates’ four pillars of sustainability: Governance, Technology, Environment and Management (GTES).
“I am quite proud and energized by the progress we have made in our GTES sustainability initiatives. 2020 has been a unique year which further underscored the importance of this effort, ”said Ivo Jurek, Managing Director of Gates. “We have operated over the past year with a clear set of guiding principles to keep our employees and communities safe, serve our customers well, operate with the highest standards of ethics and integrity, protecting our environment, giving back to our communities and treating all of our team members with dignity, equality and respect. ”
The acronym GTES, which was intentionally designed to keep sustainability on the minds of all Gates employees, reflects the company’s NYSE ticker and stands for:
- Governance (G): Includes board structure and business speed, regulatory compliance, and ethical sourcing initiatives.
- Technology (T): Highlights environmentally focused innovation initiatives that leverage material science, product design and process innovation to reduce the environmental impact of Gates products throughout of their life cycle.
- Environment (E): testifies to Gates’ continuous, multifaceted and global commitment to conduct business with respect and consideration for the planet, including reducing greenhouse gas emissions, conserving energy and water, recycling and waste reduction.
- Stewardship (S): Encompasses employee health and safety, diversity, equity and inclusion, and community engagement.
Each of these areas of focus has taken on increased importance during the challenges presented by 2020 and, despite the environment, Gates has accelerated progress towards several of its sustainability goals. For more details, please refer to the full Gates 2020 Sustainability Report, which can be viewed or downloaded at www.gates.com/durability.
About Gates Industrial Corporation plc
Gates is a global manufacturer of innovative and highly sophisticated power and hydraulic power transmission solutions. Gates offers a wide range of products to various aftermarket channel customers and original equipment manufacturers as specified components. For more than a century, Gates has pushed the boundaries of materials science to design products that exceed expectations in many sectors of the industrial and consumer markets. Our products play a vital role in a diverse range of applications in a wide variety of end markets, including the on-road industry, the off-road industry, mobility and recreation, automotive, energy and vehicles. resources as well as diverse industry. Our products are sold in over 30 countries across our four trading regions: the Americas; Europe, Middle East & Africa; Greater China; and East Asia & India. To learn more about Gates, visit www.gates.com.
Forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are related to and based on management’s current expectations regarding the Company’s business and its sustainability efforts and commitment. These forward-looking statements are subject to various risks and uncertainties which could cause the Company’s results to differ materially from those described in the forward-looking statements. Some of these risks and uncertainties are discussed in the company’s annual report on Form 10-K for the year ended. January 2, 2021, filed with the Securities and Exchange Commission (“SEC”). These factors should not be construed as exhaustive and should be read in conjunction with other caveats that are included in documents filed by the Company with the SEC. The Company assumes no obligation to update or publicly review any forward-looking statement if circumstances change, except as required by law.
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