STOCK TITAN

Vishay Precision Group Launches Inaugural Sustainability Report

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

Vishay Precision Group (NYSE: VPG) has released its inaugural Sustainability Report, highlighting the company's Environmental, Social, and Governance (ESG) efforts from 2022 to 2023. The report showcases key achievements in areas such as energy management, product quality, business ethics, and information security.

Notable accomplishments include:

  • 13% reduction in electrical energy use intensity from 2021 baseline
  • Zero product recalls for potential manufacturing or design defects in 2023
  • Updated Anti-Bribery and Anti-Corruption policies with senior-level employee training in 2023
  • Zero material information security breaches, penalties, or settlements in 2023

CEO Ziv Shoshani emphasized that this report marks a significant milestone in VPG's sustainability journey, reflecting the company's commitment to integrity and honesty. The full report is available on VPG's website.

Il gruppo Vishay Precision (NYSE: VPG) ha pubblicato il suo rapporto di sostenibilità inaugurale, evidenziando gli sforzi dell'azienda in materia di ambiente, sociale e governance (ESG) dal 2022 al 2023. Il rapporto mette in risalto i risultati chiave in aree come la gestione energetica, la qualità del prodotto, l'etica aziendale e la sicurezza delle informazioni.

Le realizzazioni significative includono:

  • Riduzione del 13% dell'intensità di utilizzo dell'energia elettrica rispetto al 2021
  • Nessun richiamo di prodotto per potenziali difetti di produzione o di design nel 2023
  • Politiche aggiornate contro la corruzione e la concussione con formazione per i dipendenti di livello senior nel 2023
  • Nessuna violazione della sicurezza delle informazioni materiali, sanzioni o transazioni nel 2023

Il CEO Ziv Shoshani ha sottolineato che questo rapporto segna una pietra miliare importante nel percorso di sostenibilità di VPG, riflettendo l'impegno dell'azienda verso l'integrità e l'onestà. Il rapporto completo è disponibile sul sito web di VPG.

Vishay Precision Group (NYSE: VPG) ha publicado su informe de sostenibilidad inaugural, destacando los esfuerzos de la empresa en materia de medio ambiente, social y gobernanza (ESG) desde 2022 hasta 2023. El informe muestra logros clave en áreas como gestión energética, calidad del producto, ética empresarial y seguridad de la información.

Los logros notables incluyen:

  • Reducción del 13% en la intensidad de uso de energía eléctrica desde la línea base de 2021
  • Cero retiros de productos por posibles defectos de fabricación o diseño en 2023
  • Políticas actualizadas contra el soborno y la corrupción con capacitación para empleados de nivel superior en 2023
  • Cero violaciones de seguridad de la información material, sanciones o acuerdos en 2023

El CEO Ziv Shoshani enfatizó que este informe marca un hito significativo en el viaje de sostenibilidad de VPG, reflejando el compromiso de la empresa con la integridad y la honestidad. El informe completo está disponible en el sitio web de VPG.

비샤이 정밀 그룹(Vishay Precision Group, NYSE: VPG)은 2022년부터 2023년까지 회사의 환경(ESG) 노력을 강조한 첫 번째 지속 가능성 보고서를 발표했습니다. 이 보고서는 에너지 관리, 제품 품질, 비즈니스 윤리, 정보 보안 등의 주요 성과를 보여줍니다.

주요 성과는 다음과 같습니다:

  • 2021년 대비 전기 에너지 사용 강도 13% 감소
  • 2023년 제조 또는 설계 결함으로 인한 제품 리콜 제로
  • 2023년에 고위 직원 교육을 포함한 반부패 및 뇌물 방지 정책 업데이트
  • 2023년 중 중대한 정보 보안 위반, 벌금 또는 합의 제로

CEO 지브 쇼샤니(Ziv Shoshani)는 이 보고서가 VPG의 지속 가능성 여정에서 중요한 이정표를 나타내며, 회사의 정직성과 무결성에 대한 약속을 반영한다고 강조했습니다. 전체 보고서는 VPG 웹사이트에서 확인할 수 있습니다.

Vishay Precision Group (NYSE: VPG) a publié son premier rapport de durabilité, mettant en lumière les efforts de l'entreprise en matière d'environnement, de social et de gouvernance (ESG) entre 2022 et 2023. Le rapport présente des réalisations clés dans des domaines tels que la gestion de l'énergie, la qualité des produits, l'éthique des affaires et la sécurité de l'information.

Les réalisations notables comprennent :

  • Une réduction de 13 % de l'intensité de l'utilisation électrique par rapport à 2021
  • Aucun rappel de produit pour des défauts de fabrication ou de conception potentiels en 2023
  • Mise à jour des politiques anti-corruption et anti-сorruption avec formation des employés au niveau senior en 2023
  • Aucune violation grave de la sécurité de l'information, aucune sanction ni règlement en 2023

Le PDG Ziv Shoshani a souligné que ce rapport marque une étape significative dans le parcours de durabilité de VPG, reflétant l'engagement de l'entreprise envers l'intégrité et l'honnêteté. Le rapport complet est disponible sur le site web de VPG.

Die Vishay Precision Group (NYSE: VPG) hat ihren ersten Nachhaltigkeitsbericht veröffentlicht, der die Umwelt-, Sozial- und Governance-(ESG)-Anstrengungen des Unternehmens von 2022 bis 2023 hervorhebt. Der Bericht präsentiert wichtige Erfolge in Bereichen wie Energiemanagement, Produktqualität, unternehmerische Ethik und Informationssicherheit.

Bemerkenswerte Erfolge umfassen:

  • 13% Reduzierung der elektrischen Energieverbrauchsintensität gegenüber dem Basisjahr 2021
  • Keine Rückrufe von Produkten aufgrund möglicher Produktions- oder Konstruktionsfehler im Jahr 2023
  • Aktualisierte Anti-Bestechungs- und Anti-Korruptionsrichtlinien mit Schulungen für Führungskräfte im Jahr 2023
  • Keine wesentlichen Informationssicherheitsverletzungen, Strafen oder Vergleiche im Jahr 2023

CEO Ziv Shoshani betonte, dass dieser Bericht einen bedeutenden Meilenstein auf dem Nachhaltigkeitsweg von VPG darstellt und das Engagement des Unternehmens für Integrität und Ehrlichkeit widerspiegelt. Der vollständige Bericht ist auf der Website von VPG verfügbar.

Positive
  • None.
Negative
  • None.

The Report Outlines Company’s Key Milestones to Date Achieved on its ESG Journey

MALVERN, Pa., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced the release of its inaugural Sustainability report, which highlights the company’s Environmental, Social, and Governance (ESG) efforts during the period 2022 through 2023. The report highlights performance on material topics including energy management, product quality, business ethics, information security, health and safety, among others.

Key highlights include:

  • 13% reduction in electrical energy use intensity from 2021 baseline.
  • Zero product recalls for potential manufacturing or design defects in 2023.
  • Update and training provided to senior level employees to the revised Anti-Bribery and Anti-Corruption policies in 2023.
  • Zero material information security breaches, penalties or settlements in 2023.

Ziv Shoshani, VPG’s Chief Executive Officer, commented, “We are proud to introduce our first Sustainability Report. This report marks a significant milestone in VPG’s sustainability journey. Our commitment to sustainability stems from the principles held by our founder, Dr. Felix Zandman, to conduct ourselves with integrity and honesty. These principles remain a fundamental part of our core values.”

"We take great pride in how VPG’s employees contribute to a more sustainable world by helping to make our customers’ products and processes safer, smarter, and more productive to deliver long-term value creation globally,” noted Mr. Shoshani.

The report along with additional information about the company’s ESG journey and sustainability initiatives is available on VPG’s website via the following link: VPG 2024 Sustainability Report.

About VPG

Vishay Precision Group, Inc. (VPG) is a leader in precision measurement and sensing technologies. Our sensors, weighing solutions and measurement systems optimize and enhance our customers’ product performance across a broad array of markets to make our world safer, smarter, and more productive. To learn more, visit VPG at vpgsensors.com and follow us on LinkedIn.

Contact:
Steve Cantor
Vishay Precision Group, Inc.
781-222-3516
info@vpgsensors.com


FAQ

What are the key highlights of VPG's first Sustainability Report?

VPG's inaugural Sustainability Report highlights a 13% reduction in electrical energy use intensity, zero product recalls, updated Anti-Bribery and Anti-Corruption policies, and zero material information security breaches in 2023.

How has VPG improved its energy management according to the report?

VPG achieved a 13% reduction in electrical energy use intensity from their 2021 baseline, as stated in their first Sustainability Report.

What period does VPG's inaugural Sustainability Report cover?

VPG's inaugural Sustainability Report covers the company's Environmental, Social, and Governance (ESG) efforts during the period 2022 through 2023.

How did VPG perform in terms of product quality in 2023?

According to the report, VPG had zero product recalls for potential manufacturing or design defects in 2023, demonstrating strong product quality performance.

What steps did VPG take regarding business ethics in 2023?

In 2023, VPG updated its Anti-Bribery and Anti-Corruption policies and provided training to senior-level employees on these revised policies.

Vishay Precision Group, Inc.

NYSE:VPG

VPG Rankings

VPG Latest News

VPG Stock Data

311.36M
12.23M
3.26%
97.14%
1.12%
Scientific & Technical Instruments
Electronic Components & Accessories
Link
United States of America
MALVERN