Columbus McKinnon Publishes Inaugural Corporate Social Responsibility Report
Columbus McKinnon Corporation (Nasdaq: CMCO) has released its inaugural Corporate Social Responsibility (CSR) Report for 2021, outlining significant initiatives focused on environmental, social, and governance (ESG) principles. Key highlights include substantial investments in employee safety, workplace diversity, and governance. The report emphasizes the company's commitment to establishing clear metrics for progress and transparency with stakeholders. According to President and CEO David Wilson, integrating ESG into the company's strategy is a priority as they pursue growth and aim for a competitive advantage in the market.
- Investment in employee safety and workplace diversity.
- Commitment to establishing clear metrics for ESG progress.
- Focus on transparency with stakeholders.
- None.
Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the publication of its inaugural Corporate Social Responsibility (CSR) Report. This 2021 report details key initiatives the Company is undertaking in the areas of environmental, social, and governance, further illustrating Columbus McKinnon’s resilience and agility in delivering for its customers, while conducting business in a responsible manner.
Key achievements outlined in the Company’s inaugural CSR Report include:
- Making significant investments in Columbus McKinnon’s people and systems to enable meaningful progress in areas including, but not limited to, environmental stewardship, employee safety, workplace diversity and inclusion, connecting with communities, and strong governance and risk management
- Determining the best metrics for Columbus McKinnon to establish clear baselines and better understand opportunities for improvement
- Committing to measuring advancements and being purposefully transparent with internal and external stakeholders
"Our commitment to corporate responsibility is fundamental to our culture and core values," said David Wilson, President and CEO of Columbus McKinnon. "As we advance our Blueprint for Growth 2.0 strategy and pivot to growth, we are also taking deliberate steps to fully integrate ESG into our enterprise strategy, our business system, and our daily actions. We are energized and mobilized for a bright future where our ESG performance is a competitive advantage and makes the world a better place”.
About Columbus McKinnon
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that efficiently and ergonomically move, lift, position, and secure materials. Key products include hoists, crane components, precision conveyor systems, actuators, rigging tools, light rail workstations, and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how.
Safe Harbor Statement
This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning future sales and earnings, involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including the ability of the Company to achieve its Blueprint for Growth 2.0 strategy and goals; and the ability to create outstanding experiences for employees and customers. Other factors that can impact future expectations include global economic and business conditions, conditions affecting the industries served by the Company and the Company's customers and suppliers, competitor responses to the Company's products and services, the overall market acceptance of such products and services, the ability to expand into new markets and geographic regions, and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. The Company assumes no obligation to update the forward-looking information contained in this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210610005097/en/
FAQ
What is Columbus McKinnon's stock symbol?
What is the significance of Columbus McKinnon's inaugural CSR Report?
When was Columbus McKinnon's CSR Report published?
What initiatives are detailed in the CSR Report?
Who is the CEO of Columbus McKinnon?
