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TPI Composites, Inc. Publishes its Annual Sustainability Report Highlighting Its Goal to Set the ESG “Gold Standard”

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TPI Composites, Inc. Publishes its Annual Sustainability Report Highlighting Its Goal to Set the ESG “Gold Standard”

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TPI Composites, Inc., published its 2021 sustainability report highlighting its progress on Environmental, Social, and Governance (ESG) initiatives.

“It has been my long-standing desire for TPI to set the “Gold Standard” when it comes to ESG performance.  It is not a singular destination; rather, it is our ongoing commitment to improve the well-being of our associates, communities, and our environment,” said Bill Siwek, President, and CEO of TPI Composites.

Highlights from the report include:

  • Improved the behavior-based safety program through reductions in recordable incident rate of 38% and lost time incident rate of 32%, significantly below industry benchmarks
  • Significant progress achieved toward 2030 goal of carbon neutrality by reducing overall CO2 intensity by 9% and expanded on-site renewable energy
  • Increased transparency throughout TPI’s value chain by initiating scope 3 emissions reporting
  • Improved our overall diversity, equity, and inclusion (DE&I) survey score by 6%, and signed the CEO Pledge for Action as part of TPI’s commitment to Diversity, Equity, and Inclusion
  • Delivered on waste reduction targets by meeting TPI’s process waste rate reduction goal of 5% during the year
  • Third-party assurance obtained from DNV for scope 1 and 2 emissions, as well as select GRI and SASB indicators

See related article: Arco Releases its 2021 ESG Report

TPI remains committed to its long-term ESG goals:

  • Promote a zero-harm culture focused on eliminating unsafe behaviors
  • Achieve 33% women and 33% racial and ethnically diverse persons on our Board of Directors by 2023
  • Achieve 25% women on our Global Leadership Team by 2025
  • Achieve 25% racial and ethnically diverse persons on our U.S. Leadership Team by 2025
  • Become carbon neutral by 2030 with 100% of our energy being procured from renewable sources

The report can be found in the Sustainability section of TPI’s website https://www.tpicomposites.com/sustainability/reporting/

Source: TPI Composites, Inc.

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