Helios Technologies Sets Goal of Achieving Net Zero GHG Emissions By 2050

Rhea-AI Summary

Helios Technologies, Inc. (NYSE: HLIO) announced a commitment to achieve net zero greenhouse gas emissions by 2050 for its operated assets. This initiative aligns with the company's focus on environmental, social, and governance (ESG) responsibilities. CEO Josef Matosevic highlighted the establishment of an ESG Committee to oversee these efforts, which include completing a Scope 1 and Scope 2 greenhouse gas inventory and formulating emission-reduction strategies.

Helios emphasizes creating long-term value for stakeholders through sustainable practices.

Positive

• Commitment to achieve net zero greenhouse gas emissions by 2050.
• Establishment of an ESG Committee to oversee corporate social responsibility.
• Completion of Scope 1 and Scope 2 greenhouse gas inventory.

Negative

• None.

 

SARASOTA, Fla.--(BUSINESS WIRE)-- Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today it has set a long-term commitment to achieve net zero greenhouse gas emissions (GHG) by 2050 for its operated assets.

“We take our societal responsibility seriously and this newest commitment adds to our earlier recognition that Helios Technologies’ environmental, social and governance (ESG) responsibilities are the living, operating principles by which we measure ourselves and shape our behavior on a daily basis,” commented Josef Matosevic, President and Chief Executive Officer. “Initial efforts and steps are underway as we develop more detailed plans to reach this long-term commitment. At the Board level, we established an ESG Committee as a component of our governance structure to assist the Company in its oversight of corporate social responsibilities, significant public policy issues, health and safety, and climate-change related trends and other global ESG matters.

“We believe this is an important step forward in building a more sustainable company that can create long-term value for all stakeholders.”

Helios has completed its first Scope 1 and Scope 2 greenhouse gas inventory and is working on detailed emission-reduction roadmaps for its major operated assets.

Read more about the Company’s progress and follow its ESG journey at https://heliostechnologies.com/esg

About Helios Technologies
Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine, health, and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information please visit: www.heliostechnologies.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220613005167/en/

Tania Almond

Vice President of Investor Relations, Corporate Communication and Risk Management

(941) 362-1333

tania.almond@HLIO.com

Deborah Pawlowski

Kei Advisors LLC

(716) 843-3908

dpawlowski@keiadvisors.com

Source: Helios Technologies, Inc.

FAQ

What is Helios Technologies' commitment to greenhouse gas emissions?

Helios Technologies has committed to achieving net zero greenhouse gas emissions by 2050 for its operated assets.

When is Helios Technologies aiming to achieve net zero emissions?

Helios Technologies aims to achieve net zero emissions by 2050.

What steps is Helios Technologies taking towards its ESG goals?

Helios Technologies has established an ESG Committee and completed its first Scope 1 and Scope 2 greenhouse gas inventory as initial steps.

How does Helios Technologies plan to create long-term value for stakeholders?

Helios Technologies aims to create long-term value for stakeholders through its sustainability initiatives and commitment to ESG responsibilities.