STOCK TITAN

AAON Achieves Platinum in Sustainable Tulsa Scor3card Program

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

AAON, a top manufacturer of heating and cooling products, achieved the Platinum level in the 2020 Sustainable Tulsa Scor3card verification program, an improvement from Gold in 2019 and Bronze in previous years. To attain this, the company fulfilled over 85% of eligible directives covering areas like energy conservation and community stewardship. In 2020, capital expenditures are projected at $73 million, incorporating energy-efficient upgrades. CEO Gary Fields emphasized the company's commitment to environmental sustainability as a core business strategy.

Positive
  • Achieved Platinum level in the Sustainable Tulsa Scor3card program, enhancing corporate sustainability reputation.
  • Total capital expenditures for 2020 expected to be $73 million, indicating ongoing investment in energy conservation and facility improvements.
  • Continuously upgrading to high-efficiency HVAC systems enhances product offering and operational efficiency.
Negative
  • None.

TULSA, Okla., Sept. 03, 2020 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ: AAON), a leading manufacturer of heating and cooling products, announced that it achieved Platinum level in the 2020 Sustainable Tulsa Scor3card verification program. This follows up the company’s achievements of Gold in 2019 and Bronze in 2018 and 2017. Platinum level requires completing more than 85 percent of eligible directives. The company reported on all cornerstone directives, in the areas of Energy, Healthy Work Environment, Materials Management, Transportation, Water, Community Stewardship and Communications.

This year AAON focused on energy conservation, waste reduction and facility improvements. Total capital expenditures for 2020 are expected to be $73 million. LED lighting upgrades have continued, along with scheduled replacement of many of the Tulsa manufacturing facility’s HVAC equipment with the newest high efficiency AAON systems available today. AAON also worked with THG Energy Solutions this year to benchmark energy usage and carbon footprint.

“Environmental stewardship and sustainability are integral to our business strategies and corporate citizenship efforts. We are proud to participate in the Sustainable Tulsa Scor3card program and are continuously looking for ways to measure and improve our performance. AAON is committed to providing a cost effective, energy efficient, and productive work environment for our employees,” said Gary Fields, President and CEO of AAON.

About Sustainable Tulsa Scor3card
Sustainable Tulsa is a non-profit organization committed to making Tulsa a better place to live, work, and play. Scor3card is an online sustainability tracking and assessment tool for organizations who want to track and improve their sustainability plans. Using the triple bottom line strategy, Scor3card engages organizations around three areas of sustainability: people, profit, and planet. This holistic approach to sustainability allows organizations to engage their employees, bolster their economic growth, and become better environmental stewards.

About AAON
AAON is engaged in the engineering, manufacturing, marketing, and sale of air conditioning and heating equipment consisting of standard, semi-custom, and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, condensing units, makeup air units, energy recovery units, geothermal/water-source heat pumps, coils, and controls. Since the founding of AAON in 1988, AAON has maintained a commitment to design, develop, manufacture and deliver heating and cooling products to perform beyond all expectations and demonstrate the value of AAON to our customers. For more information, please visit www.AAON.com.


Stephanie Cameron
AAON, Inc.
918-688-9796
stephaniec@aaon.com


FAQ

What sustainability achievement did AAON announce in September 2020?

AAON announced it achieved the Platinum level in the 2020 Sustainable Tulsa Scor3card verification program.

How much is AAON's expected capital expenditure for 2020?

AAON's expected capital expenditure for 2020 is $73 million.

What environmental initiatives did AAON focus on in 2020?

AAON focused on energy conservation, waste reduction, and facility improvements in 2020.

Aaon Inc

NASDAQ:AAON

AAON Rankings

AAON Latest News

AAON Stock Data

10.08B
67.16M
17.38%
73.93%
2.18%
Building Products & Equipment
Air-cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Link
United States of America
TULSA