Chart Industries Releases 2023 Sustainability Report

Rhea-AI Summary

Chart Industries, Inc. (GTLS) releases its 2023 Sustainability Report, showcasing significant achievements in environmental, social, and governance (ESG) efforts. The company achieved a record-low Total Recordable Incident Rate (TRIR) and reduced greenhouse gas emissions intensity by 27% in 2023, surpassing its 2030 goal seven years early. Chart is committed to further sustainability initiatives, including gender diversity targets, talent development programs, and community engagement.

ATLANTA, April 04, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, today released its 2023 Sustainability Report, which can be downloaded here: https://gtls.io/ESG2023. We are committed to providing our global customers with solutions to help them improve their environmental performance and reduce their carbon footprint while helping them meet their business objectives. In addition, we remain committed to our carbon reduction efforts and reiterate our net-zero goal by 2050. Highlights of our recent environmental, social and governance (ESG) efforts include:

• We achieved a Total Recordable Incident Rate (TRIR) of 0.53 as of 12/31/2023, our lowest in company history.
• We reduced our greenhouse gas (GHG) emissions intensity in 2023 by 27% relative to 2022, achieving our goal of reducing GHG emissions intensity 50% by 2030 (relative to a 2020 baseline) seven years ahead of target.
• We commit to rebaselining and conducting a double materiality assessment in 2024, at which point we plan to set updated targets.
• In 2023, we had 38% women on our leadership team, with a target to have 40% women on our executive leadership team by 2030.
• We have over 300 team members across ten different countries participating in our Employee Resource Groups (ERGs), including Chart Network of Women (NOW), Chart Pride and our Veterans ERG.
• Our talent development programs such as the Emerging Leaders Program, Rotational Engineering Program, Technical Expertise Program, Global Diversity & Inclusion Committee, Global Sustainability Committee, and Welding Council each expanded in 2023.
• We welcomed a record number of interns, ranging from high school level to those pursuing graduate programs.
• Our Board of Directors is comprised of ten directors – nine are independent, four are female, and two are diverse.
• We utilize Sphera CRM and iPoint software to proactively monitor ESG in our supply chain.
• We actively participate in the communities where we operate, through donations to and volunteering with charitable organizations including cancer research, local hospitals, food banks, schools, and emergency services; 19% of our global team participated in Chart-related volunteering in 2023.

ABOUT CHART INDUSTRIES
Chart Industries, Inc. is an independent global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean™ - clean power, clean water, clean food, and clean industrials, regardless of molecule. The company’s unique product and solution portfolio across stationary and rotating equipment is used in every phase of the liquid gas supply chain, including engineering, service and repair and from installation to preventive maintenance and digital monitoring. Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas, and CO2 capture amongst other applications. Chart is committed to excellence in environmental, social, and corporate governance (ESG) issues both for its company as well as its customers. With 64 global manufacturing locations and over 50 service centers from the United States to Asia, Australia, India, Europe, and South America, the company maintains accountability and transparency to its team members, suppliers, customers, and communities. To learn more, visit www.chartindustries.com.
Contact:

John Walsh
VP, Investor Relations
1-770-721-8899
john.walsh@chartindustries.com

FAQ

What is the ticker symbol for Chart Industries, Inc.?

The ticker symbol for Chart Industries, Inc. is GTLS.

What are some highlights of Chart Industries' 2023 Sustainability Report?

Highlights include achieving a record-low Total Recordable Incident Rate (TRIR), reducing greenhouse gas emissions intensity by 27% in 2023, and committing to further sustainability efforts such as gender diversity targets and talent development programs.

What is Chart Industries' net-zero goal timeline?

Chart Industries aims to achieve net-zero carbon emissions by 2050.

How many women are on Chart Industries' leadership team?

In 2023, Chart Industries had 38% women on its leadership team with a target to reach 40% women on the executive leadership team by 2030.

What programs does Chart Industries offer for talent development?

Chart Industries offers programs such as the Emerging Leaders Program, Rotational Engineering Program, Technical Expertise Program, Global Diversity & Inclusion Committee, Global Sustainability Committee, and Welding Council for talent development.

How does Chart Industries engage with its supply chain in terms of ESG monitoring?

Chart Industries utilizes Sphera CRM and iPoint software to proactively monitor ESG practices in its supply chain.