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L.B. Foster Publishes Inaugural Sustainability Report
PITTSBURGH, June 26, 2024 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ: FSTR), a global technology solutions provider of products and services for the rail
About this update from L.b. Foster Company
[{"type":"text","content":"PITTSBURGH, June 26, 2024 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ: FSTR), a global technology solutions provider of products and services for the rail and infrastructure markets (the “Company”), announced today the publication of its first Sustainability Report. The Report reinforces the Company’s commitment to sustainable practices with a lens towards creating value across various areas, such as manufacturing, natural, human, intellectual and social & relationship. President & CEO John Kasel commented, “In 2023, we took a step forward to align with stakeholder sustainability needs and position the Company as an invaluable supplier, employer, community member, and investee. Our efforts were taken with the goals of communicating our current state of sustainability to our stakeholders and the global community and establishing a reporting mechanism reflecting our approach to sustainability in our industry. The result is our Sustainability Report.” To build the Report, the Company utilized external consulting to conduct a materiality assessment which compiled a list of sustainability topics applicable to a range of key stakeholders including investors, customers, employees, and ESG rating organizations, as well as analyzing industry peers. The Report was created in reference to the Global Reporting Initiative (GRI), the Sustainable of the Accounting Standards Board (SASB) and a long-term vision of integrated reporting. The Report is also intended to help drive our strategy by aligning sustainability with operations. The Report is a baseline and highlights the Company’s commitment to our SPIRIT culture and values. It addresses our employee practices and environmental footprint and provides insight into the sustainable benefit provided to our customers’ operations. “Publishing our first Sustainability Report is a testament to our commitment of holding ourselves accountable through transparency,” said Janet Lee, L.B. Foster Director and Corporate Responsibility Committee Chair. “We challenged ourselves and were focused on building a program through structured frameworks, data, and active engagement. We are pleased with the results of our inaugural Report and look forward to future actions as we continue our sustainability journey.” About L.B. Foster CompanyFounded in 1902, L.B. Foster Company is a global technology solutions pr...