Westport Fuel Systems Publishes 2023 ESG Report

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Westport Fuel Systems (TSX: WPRT, Nasdaq: WPRT) has released its 2023 Environmental, Social, and Governance (ESG) report. The report highlights significant achievements, including a 20% reduction in Scope 1 CO2 emissions and a 7% decrease in Scope 2 emissions. Over 90% of waste from production sites was recycled, and Scope 3 GHG emissions were disclosed. The company's workforce is composed of 32% females. Westport received two national awards: the Friendly Workplace recognition in Poland and the Award for Excellence in Italy. The company is also working on the implementation of the Corporate Sustainability Reporting Directive (CSRD) for enhanced transparency and accountability. CEO Dan Sceli reiterated the company's commitment to decarbonizing transportation and fostering a sustainable future.

VANCOUVER, BC, June 25, 2024 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT) (Nasdaq: WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, is pleased to publish its 2023 Environmental, Social and Governance ("ESG") report (the "2023 ESG Report"). The 2023 ESG Report outlines the Company's accomplishments within its primary areas of focus that include reduced emissions and energy consumption, operational health and safety, diversity, equity and inclusion, responsible sourcing, human rights, and ESG governance.

"We are committed to shaping a future that is driven by the three pillars of ESG – environmental stewardship, social responsibility, and strong governance," said Dan Sceli, Chief Executive Officer of Westport. "We have embraced the challenge of achieving sustainable operations, with an unwavering dedication to our core values of integrity, respect, and perseverance. We are focused on decarbonizing transportation to help clean our air and create a more sustainable future for all."

Highlights of the 2023 ESG Report include:

• >90% of total waste recycled from production sites,
• 20% reduction in Scope 1 CO₂ emissions,
• 7% decrease in Scope 2 emissions,
• disclosure of Scope 3 GHG emissions
• 32% of our global workforce is female, and
• won two prestigious national awards – the Friendly Workplace recognition at the plant in Poland and the Award for Excellence at the facilities in Italy.

Westport, with a significant portion of its business located in Europe, is actively working on the implementation of the Corporate Sustainability Reporting Directive (CSRD). This initiative marks a significant step forward in the Company's commitment to advancing ESG goals. By adopting the CSRD standards, Westport aims to enhance transparency, accountability, and sustainability in our operations, reinforcing dedication to responsible business practices and long-term value creation for all our stakeholders.

About Westport Fuel Systems

At Westport, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in more than 70 countries with leading global transportation brands. At Westport, we think ahead. For more information, visit www.wfsinc.com.

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SOURCE Westport Fuel Systems Inc.

FAQ

What are the key highlights of Westport Fuel Systems' 2023 ESG report?

The key highlights include a 20% reduction in Scope 1 CO2 emissions, a 7% decrease in Scope 2 emissions, over 90% of waste recycled from production sites, disclosure of Scope 3 GHG emissions, and 32% of the workforce being female.

Has Westport Fuel Systems received any awards in 2023?

Yes, Westport received the Friendly Workplace recognition in Poland and the Award for Excellence in Italy.

What is Westport Fuel Systems' stock symbol?

Westport Fuel Systems' stock symbol is WPRT.

What is Westport Fuel Systems doing to enhance sustainability?

Westport is working on the implementation of the Corporate Sustainability Reporting Directive (CSRD) to enhance transparency, accountability, and sustainability in its operations.

Who is the CEO of Westport Fuel Systems?

The CEO of Westport Fuel Systems is Dan Sceli.