Gates, a leading global provider of application-specific fluid power and power transmission solutions, has released its 2020 Sustainability Report. Gates’ report features a comprehensive set of initiatives and programs organized around Gates’ four pillars of sustainability – Governance, Technology, the Environment and Stewardship (GTES).
“I am quite proud and energized by the progress we’ve made on our GTES sustainability initiatives. 2020 was a unique year that further highlighted the importance of this effort,” said Ivo Jurek, chief executive officer of Gates.
The acronym GTES, which has been intentionally designed to keep sustainability top-of-mind with all Gates employees, mirrors the company’s NYSE ticker and stands for:
- Governance (G): Includes the company’s board structure and operating cadence, regulatory compliance and ethical sourcing initiatives.
- Technology (T): Highlights the eco-driven innovation initiatives that rely on materials science, product design and process innovation to reduce the environmental impact of our products through their entire lifecycle.
- Environment (E): Speaks to Gates’ ongoing, multi-faceted and global commitment to conducting business with respect and consideration for the planet, including reducing greenhouse gas emissions, conserving energy and water, recycling and minimizing waste.
- Stewardship (S): Encompasses employee health and safety, diversity, equity and inclusion, as well as community engagement.
Courtesy of Gates.