Lake Oswego, Oregon, November 13, 2024 - The Greenbrier Companies, Inc. (NYSE:GBX) (“Greenbrier”) released its 2024 Sustainability Update, On Track Together. The 2024 interim report provides updates to Greenbrier's key sustainability issues on the topics of Safety & Quality, People, Environmental Sustainability, Governance & Ethics and Communities.
Highlights from On Track Together include:
Lorie Tekorius, CEO and president, said, "I am proud of the progress made on our sustainability priorities in fiscal 2024. With our people at the center of our decision-making and continuous improvement initiatives, we created value for our customers, industry and the communities where we operate. This is demonstrated by the many external sustainability recognitions we have received from our customers, media organizations, and other stakeholders."
The report follows the Sustainability Accounting Standards Board (SASB) framework with reference to the related United Nations Sustainable Development Goals (UN SDGs). Greenbrier previously tracked progress for conformance with the Taskforce on Climate-Related Financial Disclosures. Due to TCFD’s disbandment in 2024, Greenbrier plans to transition to the International Sustainability Standards Board’s (ISSB) new International Financial Reporting Standards (IFRS) S1 General Requirements for Disclosure of Sustainability-Related Financial Information and IFRS S2 Climate-Related Disclosures.
On Track Together is available at https://www.gbrx.com/esg/.
About Greenbrier
Greenbrier, headquartered in Lake Oswego, Oregon, is a leading international supplier of equipment and services to global freight transportation markets. Through its wholly-owned subsidiaries and joint ventures, Greenbrier designs, builds and markets freight railcars in North America, Europe and Brazil. We are a leading provider of freight railcar wheel services, parts, maintenance and retrofitting services in North America through our maintenance services business unit. Greenbrier owns a lease fleet of approximately 15,500 railcars that originate primarily from Greenbrier's manufacturing operations. Greenbrier offers railcar management, regulatory compliance services and leasing services to railroads and other railcar owners in North America. Learn more about Greenbrier at www.gbrx.com.
Forward-Looking Statements
This press release may contain forward-looking statements, including statements that are not purely statements of historical fact. Greenbrier uses words, and variations of words, such as “assess,” “continue,” “future,” “improve,” “increase,” “initiative,” “plan,” “progress,” “provide,” “will,” and similar expressions to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. Factors that might cause such a difference include, but are not limited to, the following: an economic downturn and economic uncertainty; inflation (including rising energy prices, interest rates, wages and other escalators) and policy reactions thereto (including actions by central banks); disruptions in the supply of materials and components used in the production of our products; the war in Ukraine and related events, and related economic disruptions (including, among other factors, operations and supply disruptions and labor shortages). More information on potential factors that could cause our results to differ from our forward-looking statements is included in the Company's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed periodic report on Form 10-K. Except as otherwise required by law, the Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date hereof.