According to Wabtec, the company is focused on creating a sustainable future through innovative technologies, responsible operations, and empowering people and communities.
“At Wabtec we remain committed to be part of the solution and to slow the speed of global climate change by taking action within our own operations and bringing products to market that drive sustainable value for our customers,” said Rafael Santana, president and CEO of Wabtec.
The company is committed to expanding its ESG goals to ensure they serve employees, customers, communities, and shareholders in more sustainable ways. Wabtec strives to develop new, more sustainable products and services across its portfolio to reduce the impact on the environment.
Demonstrating Wabtec’s focus on continuous improvement, the sustainability report detailed key commitments related to its climate action plan. These included setting a new near-term absolute greenhouse gas (GHG) reduction goal to reduce its Scope 1 and 2 GHG emissions by 50% by 2030, from a baseline of 2019.
The company also committed to disclose its Scope 3 GHG emissions across its full value chain this year, and to set near-term targets next year for categories of Scope 3 GHG emissions material to Wabtec.
Wabtec has taken several actions to advance its ESG strategy and goals, including partnering with industry to accelerate the development, validation, and adoption of lower carbon fuels and alternative clean energy technologies for the freight rail industry.
Wabtec, for example, is partnering with its railroad customers to use higher biodiesel and renewable diesel blends in Wabtec locomotives. This collaboration will play a large role in Union Pacific’s aims to increase the percentage of low-carbon fuels consumed to 10% of its total diesel consumption by 2025 and 20% by 2030.
Furthermore, a project started in 2022 in partnership with BNSF Railway is intended to quantify the impact of biodiesel (B20) and renewable diesel (R80) on emissions, durability, and performance of in-service locomotives.
“Our greatest strength at Wabtec has always been our ability to continuously transform our company to deliver game-changing, sustainable innovations and solutions to our customers and the world,” added Santana.
“While the journey to a fully decarbonized transportation future will take time, I am confident in the strength of Wabtec’s innovation, global scale, and, most importantly, our people. I know that we will lead our industry forward, not by waiting for the future, but creating it.”
To download and read the full report, visit: www.wabteccorp.com/sustainability