Recently WGIC member FARO Technologies, Inc., a global leader for 3D measurement, imaging and realization solutions for 3D Metrology, Architecture, Engineering & Construction, and Public Safety Analytics, announced two new strategic goals in support of its Environment, Social & Governance (ESG) efforts.
The first new goal is to reduce the Company carbon emissions 25% by 2025 through aggressive activities that improve environmental performance. The second new goal is to establish middle and high school partnerships to improve curriculum in Science, Technology, Engineering & Mathematics (STEM) — especially for minorities and females from low-income and disadvantaged areas. Year-one STEM funding will be $50,000 across the US, Canada, Germany, Portugal, the U.K, Singapore, and India.
FARO has a diverse global workforce and fosters a culture of trust that provides a safe and secure environment. Established ESG programs and policies drive operational excellence and maintain the highest standards possible for accountability, conduct and governance. The Company also ensures that supply chain partners adhere to these principles and practices, including the sourcing of raw materials, as outlined in the FARO Supplier Code of Conduct policy.
FARO environmental programs include minimizing facility energy consumption, commercial travel, product transportation routes, and employee commute distance as well as recycling paper products, E-waste, and other materials (metals, plastics, rubber, and carbon fiber). Social responsibility programs include corporate giving, employee volunteerism, providing technology to advance academic research and preserve history, and offering diversity-focused internships and career opportunities to students through FARO University and the New Graduates Development Program. Governance programs include ethical and legal standards of behavior that are required of all employees and business partners and maintaining a rigorous cybersecurity infrastructure to protect sensitive employee and customer data.