Stratasys publishes second ESG and sustainability report
Results include 441,339 kWh of energy generated by solar panels, 38,000 hours of employee training, and more
Stratasys has published its second Mindful Manufacturing ESG and Sustainability Report in accordance with the Global Reporting Initiative (GRI) standards. The report includes an extensive overview of activities and advancements in Stratasys’ environmental, social, and governance (ESG) programs.
With its comprehensive suite of offerings, Stratasys is enabling manufacturers in the transition to strong sustainable practices and businesses. Some highlights of Stratasys’ Mindful Manufacturing ESG and Sustainability report, by category, include:
Environmental
The company reduced water intensity by 32.5% across global operations – leading to an overall reduction in water usage by the company; solar panels installed at Israeli facilities generated 441,339 kWh of renewable energy, which contributed to 207 metric tons of reduced CO2 emissions; increased the number of spools, cartridges, and canisters recycled through a new recycling program by 11.3%.
Social
The company provided more than 38,000 hours of employee training, equaling 18 hours of training per employee; is approaching world-class status with employee engagement, with a 78% participation rate in the last all-employee survey, with an all-time high engagement score of 73; and 81% of managers participated in management training.
Four diversity KPIs were set in 2022, focusing on hiring practices. The targets were: 100% of candidate slates for manager and above will have a diverse slate; 35% of management hires will be women; 25% of tech hires will be women; and 40% of intern/student hires will have a range of ethnicity and gender diversity.
Governance
100% of new suppliers in 2021 and 2022 signed the Supplier Code of Conduct, which includes environmental, social, and ethical standards; more than 97% of all employees completed compliance training; and there were no product-related health and safety incidents of non-compliance occurred in 2021 or 2022.
“Executing against our Mindful Manufacturing sustainability strategy is an important step in leading manufacturing towards 3D Printing a Better Tomorrow,” said Rosa Coblens, Vice President of Sustainability at Stratasys. “Across our value chain, we call upon everyone we work with to focus on climate-minded operations, improving products, parts, and processes. We demonstrate an evidence-based approach to ESG where continuous improvement and ongoing data collection reveals value in adopting and advancing Additive Manufacturing for production at scale to promote a more sustainable future.”
Recently, Stratasys also participated in an Additive Manufacturer Green Trade Association (AMGTA) Lifecycle Inventory Research Report, which demonstrated the environmental benefits of AM for the fashion industry. The report showed that Stratasys J850 TechStyle material jetting had a 24.8% reduction in CO2-equivalent emissions over traditional processes. The company has also earned the ISO 14001 certification at its Israeli headquarters, for the second year in a row, and in Germany for 2023, with additional global certification efforts underway.
“Our Mindful Manufacturing approach enables more sustainable production, for manufacturing applications across supply chains, optimizing overall environmental impacts,” said Dr. Yoav Zeif, Chief Executive Officer of Stratasys. “Being ESG and sustainability-minded reduces risk and promotes the healthy management of our successful global enterprise. We are proud to spearhead this effort in our industry and with our customers, supporting decarbonization strategies across a wide array of product portfolios and operations.”
“Sustainability and governance are key drivers to push additive manufacturing even further into the overall manufacturing environment,” said Ryan Martin, Senior Research Director at ABI Research. “Large manufacturers across the globe are publishing their sustainability efforts and they will need help to achieve those goals. The value proposition and sustainability profile of additive manufacturing supports these companies by speeding ESG initiatives while also boosting profits.”
The full report can be downloaded here.
