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FormerXBC Inc XEBEQ

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

Bullboard Posts
Post by Wayshegoeson Aug 31, 2020 8:22am
102 Views
Post# 31478281

PR

PR Xebec Releases Inaugural Annual Sustainability Report - First report highlights progress towards meeting key industry sustainability metrics - MONTREAL, (QC), August 31st, 2020 Xebec Adsorption Inc. (TSXV: XBC)(Xebec), a global provider of clean energy solutions is pleased to release today itsinaugural 2019 ESG Report, highlighting its approach to sustainability and setting a baseline for managing and reporting on its material environmental, social, and governance (ESG) issues. Gross Domestic Product growth and prosperity should not come at the expense of environmental and social prosperity, and Xebec is committed to ensuring that it conducts business responsibly for the benefit of future generations. Xebecs 2019 ESG Report is a first step to bring structure and process to the integration of ESG considerations in the conduct of our business that will lead to improved reporting year over year,said Kurt Sorschak, Chairman, CEO and President of Xebec. Reporting on Xebecs material ESG issues is based on the standards of the Sustainability Accounting Standards Board (SASB) for the Industrial Machinery & Goods industry of the Resource Transformation sector, as defined by SASBs Sustainable Industry Classification System; these serve to determine the specific material ESG issues we report on. Xebec has also used the framework provided by the Taskforce on Climate-related Financial Disclosures (TCFD); these serve as a guide to the context and narrative Xebec provides for its sustainability approach in general and how the company addresses each material issue specifically. Material issues addressed in the report:Climate changeEnergy managementEmployee health and safetyFuel economy and emissions in use-phaseMaterials sourcingRemanufacturing design and servicesXebec is implementing a continuous improvement process of managing, measuring, and reporting on those ESG issues that are critical to our business activities. With this report, we have begun the process of explicitly identifying such issues and integrating them into our governance and management processes, in order to more clearly measure and communicate how we perform on them to our stakeholders including our shareholders, employees, capital providers, governmental agencies, and the general public. />
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