The ESG Report outlines Hammond Energy Answer’s strategy to sustainability, guided by our core values
Guelph, ON, June 26, 2023: Hammond Energy Options Inc. (“HPS” or the “Firm”) (TSX: HPS.A) at present introduced the discharge of its inaugural ESG (“Environmental, Social, Governance”) Report, which formalizes the Firm’s dedication to sustainability and marks the start of the the Firm’s efforts to consolidate and report on its work on this necessary space.
“We’re excited to launch our inaugural ESG Report, which represents our dedication to additional
embed environmental, social and governance ideas in our enterprise and day-to-day
operations,” mentioned Invoice Hammond, Chairman and CEO of Hammond Energy Options. “Our ardour for sustainability ensures the world is powered at present for generations to return. It is us
dedication to designing energy-efficient merchandise; to scale back our ecological footprint
operations; and to foster a office that fosters range, inclusion, and innovation. it
The report will enable us to measure ourselves towards related benchmarks and information us in making future enhancements to attain our ESG targets. It should additionally enable us to share our successes with our key stakeholders.”
The ESG Report outlines Hammond Energy Answer’s strategy to sustainability, which is guided
via our core values:
• We worth the security and well-being of all;
• We count on honesty, integrity and moral habits;
• We embrace range by fostering an inclusive atmosphere and treating everybody
• dignity and respect;
• We promote innovation and relentless pursuit of steady enchancment via
• We consider in a collaborative strategy to social and environmental sustainability.
In 2022, HPS took an necessary step in finishing its first formal materiality evaluate to find out future sustainability work and to form and prioritize the content material of this report. HPS enlists ESG-focused third-party steerage and references World Reporting Initiative (“GRI”) and Sustainability Accounting Requirements Board (“SASB”) requirements to finish the evaluation in three phases: -topic identification, prioritization, and validation.
The ESG Report highlights the actions HPS has already taken to advance its sustainability technique and offers particulars on a number of initiatives the Firm is presently pursuing.
ABOUT HAMMOND POWER SOLUTIONS INC.
Hammond Energy Options Inc. (“HPS” or the “Firm”) permits electrification via a variety of dry-type transformers, energy high quality merchandise and associated magnetics. Customary and custom-designed HPS merchandise are important and ubiquitous in electrical distribution networks via a variety of end-user functions. The Firm has manufacturing vegetation in Canada, United States (US), Mexico and India and sells its merchandise worldwide. HPS shares are listed on the Toronto Inventory Trade and commerce beneath the image HPS.A.