Trinity Industries, Inc. Announces Inaugural Corporate Social Responsibility Report
Trinity Industries, Inc. (NYSE:TRN) has released its first Corporate Social Responsibility (CSR) Report for 2020, highlighting its Environmental, Social, and Governance (ESG) efforts and response to COVID-19. The report aligns with Sustainability Accounting Standards Board (SASB) metrics. Key achievements include enhanced disclosure on diversity initiatives, commitments to set targets for sustainable operations, and recognition as the first railcar lessor in North America to publish a Green Financing Framework. This report signifies Trinity's ongoing dedication to ESG improvements and long-term stakeholder value.
- Enhanced disclosure on Human Capital and Diversity initiatives.
- Commitment to set sustainability targets for energy consumption and emissions.
- First railcar lessor in North America to publish a Green Financing Framework.
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Today Trinity Industries, Inc. (NYSE:TRN) is publishing its inaugural 2020 Corporate Social Responsibility Report (CSR). The report details the Company’s Environmental, Social, and Governance (ESG) initiatives and response to COVID-19. The report aligns with and discloses metrics from the Sustainability Accounting Standards Board (SASB) framework, an international standard referenced to identify business-relevant factors most material to the Company.
Key ESG achievements included in the Company’s inaugural CSR Report include:
- Increased disclosure on Human Capital and Diversity and Inclusion initiatives, including commitment to ethnicity and gender goal setting,
- Commitment to set targets for energy consumption, GHG emissions, water, and waste in our operations, and
- Becoming the first railcar lessor in North America to publish a Green Financing Framework, supported by a second party opinion from Sustainalytics.
“At Trinity, we take pride in serving communities by delivering commodities by rail – safely, efficiently and sustainably - across North America,” said Jean Savage, Trinity’s Chief Executive Officer and President. “Our long-standing commitment to high ethical standards, a workplace that values and respects all employees, sound governance, and resource stewardship is foundational to our core mission of Delivering Goods for the Good of All. We are pleased to publish our inaugural Corporate Social Responsibility report to further integrate key principles of sustainability, including actions and transparency in environmental stewardship, safety and quality assurance, and diversity and inclusion that ultimately measure our effectiveness in long-term value creation for all our stakeholders.”
Trinity's Board of Directors and Executive Leadership Team oversee the Company’s Environmental, Social, and Governance initiatives, which have been integrated into the Company’s long-term planning and strategy. This inaugural report is a major milestone for Trinity as the Company continues its commitment to ongoing and long-term ESG improvements.
To learn more, Trinity’s Corporate Social Responsibility Report can be accessed here.
About Trinity Industries
Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Our rail-related businesses market their railcar products and services under the trade name TrinityRail®. The TrinityRail platform provides railcar leasing and management services, as well as railcar manufacturing, maintenance and modifications. Trinity also owns businesses engaged in the manufacture of products used on the nation’s roadways and in traffic control. Trinity reports its financial results in three principal business segments: the Railcar Leasing and Management Services Group, the Rail Products Group, and All Other. For more information, visit: www.trin.net.
Some statements in this release, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Trinity's estimates, expectations, beliefs, intentions or strategies for the future, and the assumptions underlying these forward-looking statements, including, but not limited to, future financial and operating performance, future opportunities and any other statements regarding events or developments that Trinity believes or anticipates will or may occur in the future, including the potential financial and operational impacts of the COVID-19 pandemic. Trinity uses the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” “guidance,” “projected,” “outlook,” and similar expressions to identify these forward-looking statements. Forward-looking statements speak only as of the date of this release, and Trinity expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Trinity’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, except as required by federal securities laws. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations, including but not limited to risks and uncertainties regarding economic, competitive, governmental, and technological factors affecting Trinity’s operations, markets, products, services and prices, and such forward-looking statements are not guarantees of future performance. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and “Forward-Looking Statements” in Trinity’s Annual Report on Form 10-K for the most recent fiscal year, as may be revised and updated by Trinity’s Quarterly Reports on Form 10-Q, and Trinity’s Current Reports on Form 8-K.
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