PITTSBURGH, Oct. 19, 2022 (GLOBE NEWSWIRE) — Coherent Corp. (Nasdaq: COHR), a leader in materials, networking and laser technology, today announced the publication of its Environmental, Social and Governance (ESG) Report 2022. did. This report outlines Coherent’s approach to enhancing sustainability and Coherent’s global progress in addressing corporate social responsibility. The Coherent ESG Report 2022 is available on the Coherent website here.
“Given our size and scale, and our importance to irreversible trends in so many ecosystems, we recognize the critical leadership role we play in building a more sustainable society. Recognize. Makes sense. “Coherent is committed to embracing our talent and creating a series of disruptions that will empower and inspire people, transform industries, create a sustainable society and accelerate our efforts to increase shareholder value. We aim to be a top-notch employer. As part of these ambitious goals, we remain committed to making diversity, fairness and equity, and inclusion our competitive advantage. As Coherent creates long-term, sustainable value around the world, our investments with significant business implications also support major ongoing contributions around the world to protect the environment. Our ESG report highlights our achievements to date and guides our business strategy to one of our greatest missions of our time: to make the world safer, healthier, closer and more efficient. documents our commitment to align with our long-standing mission to “
ESG report highlights include:
- people: Coherent has always recognized the importance of creating an inclusive environment where all employees feel valued, respected, included and empowered to do their best work. The company will launch a formal Diversity, Equity and Inclusion program in 2021 to ensure workplace policies, practices and processes are stepping up to support an equitable work environment and bring together the diverse diversity of Coherent employees around the world. Enables you to leverage perspectives to strengthen cross-cultural competencies.
- environment: Coherent has initiated a formal greenhouse gas (GHG) emissions inventory accounting process across its global operations to measure and monitor its Scope 1 and Scope 2 emissions. The company also has renewable power contracts at more than 40 sites around the world, including more than 35 sites that currently meet 100% of their annual power usage with renewable sources. will be
- sourcing: Coherent has expanded its Responsible Minerals program to include Cobalt, with 85% of 3TG suppliers completing their due diligence investigations and submitting a Conflict Minerals Reporting Template in accordance with the Responsible Minerals Initiative.
Coherent is committed to the practice of compliance, good business judgment, curiosity, common sense and adherence to high ethical standards. Coherent’s operations are overseen by a highly qualified and diverse Board of Directors, and the company’s sustainability vision is guided at the highest levels of the Board by Environmental, Social and Governance Committees.
About Coherent
Coherent enables market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innovations that resonate with our customers in diverse applications for the industrial, communications, electronics, and instrumentation markets. Headquartered in Saxonburg, Pennsylvania, Coherent has research and development, manufacturing, sales, service and distribution facilities around the world. For more information, please visit www.coherent.com.
contact
Mark Rowley
Vice President of Corporate Communications
Corporate.communications@coherent.com
