Kadant Releases its 2022 Corporate Sustainability Report
16 Marzo 2023 - 3:05PM
Kadant Inc. (NYSE: KAI) released its 2022 corporate sustainability
report, which can be viewed at
www.kadant.com/about-us/sustainability. The report highlights the
Company’s continued commitment and progress on environmental,
social, and governance (ESG) initiatives that are most important to
our stakeholders.
The 2022 report is prepared according to Global
Reporting Initiative (GRI) and Sustainability Accounting Standards
Board (SASB) best practices for corporate sustainability reporting
and addresses those factors most relevant to the Company’s
stakeholders. It highlights progress in several key sustainability
metrics and includes detailed information on Kadant’s employee
development and community-focused programs, key metrics on
environmental impact, and the Company’s commitment to drive
Sustainable Industrial Processing. The 2022 report for the first
time also includes a Task Force on Climate-Related Financial
Disclosures (TCFD) report.
About Kadant
Kadant is a global supplier of technologies and
engineered systems that drive Sustainable Industrial Processing.
The Company’s products and services play an integral role in
enhancing efficiency, optimizing energy utilization, and maximizing
productivity in process industries. Kadant is based in Westford,
Massachusetts, with approximately 3,100 employees in 20 countries
worldwide. For more information, visit www.kadant.com
Safe Harbor Statement
The following constitutes a “Safe Harbor” statement
under the Private Securities Litigation Reform Act of 1995: This
press release contains forward-looking statements that involve a
number of risks and uncertainties, including forward-looking
statements about our business, financial performance, and cash
dividend program. These forward-looking statements represent our
expectations as of the date of this press release. We undertake no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future events, or
otherwise. These forward-looking statements are subject to known
and unknown risks and uncertainties that may cause our actual
results to differ materially from these forward-looking statements
as a result of various important factors, including those set forth
under the heading "Risk Factors" in Kadant’s annual report on Form
10-K for the fiscal year ended December 31, 2022 and subsequent
filings with the Securities and Exchange Commission. These include
risks and uncertainties relating to adverse changes in global and
local economic conditions; the variability and difficulty in
accurately predicting revenues from large capital equipment and
systems projects; health epidemics and pandemics; our acquisition
strategy; levels of residential construction activity; reductions
by our wood processing customers of their capital spending or
production of oriented strand board; changes to the global timber
supply; development and use of digital media; cyclical economic
conditions affecting the global mining industry; demand for coal,
including economic and environmental risks associated with coal;
failure of our information systems or breaches of data security and
cybertheft; implementation of our internal growth strategy; supply
chain constraints, inflationary pressure, price increases and
shortages in raw materials; competition; changes in our tax
provision or exposure to additional tax liabilities; our ability to
successfully manage our manufacturing operations; disruption in
production; future restructurings; loss of key personnel and
effective succession planning; protection of intellectual property;
climate change; adequacy of our insurance coverage; global
operations; policies of the Chinese government; the variability and
uncertainties in sales of capital equipment in China; currency
fluctuations; changes to government regulations and policies around
the world; compliance with government regulations and policies and
compliance with laws; environmental laws and regulations;
environmental, health and safety laws and regulations impacting the
mining industry; our debt obligations; restrictions in our credit
agreement and note purchase agreement; soundness of financial
institutions; fluctuations in our share price; and anti-takeover
provisions.
Contacts
Investor Contact
Information:Michael McKenney, 978-776-2000IR@kadant.com |
Media Contact Information:Wes
Martz, 269-278-1715media@kadant.com |
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