Finning releases 2024 sustainability report
VANCOUVER, British Columbia, June 10, 2025 (GLOBE NEWSWIRE) -- Finning International Inc. (TSX: FTT) ("Finning," the "Company," "we," "us" or "our") announced today the release of our 2024 Sustainability Report highlighting continued progress in our sustainability performance and objectives.
“At Finning, everything we do is grounded in our purpose to create a positive impact,” said Kevin Parkes, Finning President and CEO. “In 2024, we made meaningful strides in reducing our GHG emissions, advancing diversity and inclusion, and supporting our customers with exceptional product support and technology solutions.”
Key highlights from the 2024 report include:
- A 30% reduction in absolute Scope 1 and Scope 2 GHG emissions from a 2017 baseline. Based on our current assumptions, we are on track to meet our 40% target reduction by 2027.
- 64% of graduates from our Semillero technician trainee program in Chile were women, supporting gender equity in the mining industry.
- $32.8 million in procurement from Indigenous-owned businesses in Canada.
- 14,820 components remanufactured to like-new condition, reducing waste and resource use.
- 56% of non-hazardous waste was diverted from the landfill.
The report also details our investments in safety, leadership development, and digital innovation. In 2024, we increased safety-related critical control verifications by 27% compared to 2023 and were encouraged by increased demand for technologies such as battery energy storage systems and dynamic gas blending to support customers’ energy transitions.
Our Sustainability Report is supplemented by our 2024 Joint Modern Slavery Report and our Sustainability Policy. These documents can be found at: www.finning.com/sustainability.
Contact Information:
FinningIR@finning.com
www.finning.com
ABOUT FINNING
Finning International is the world’s largest Caterpillar dealer, delivering unrivalled service to customers for over 90 years. Headquartered in Surrey, British Columbia, we provide Caterpillar equipment, parts, services, and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland.
FORWARD-LOOKING INFORMATION
This news release contains information about our business outlook, objectives, plans, strategic priorities and other information that is not historical fact. Information we provide is forward-looking when we use what we know and expect today to give information about the future. Unless otherwise indicated, forward-looking information in this news release reflects our expectations at the date of this news release. Forward-looking information in this news release includes our goal to achieve a 40% reduction in our absolute Scope 1 and Scope 2 GHG emissions by 2027 from our 2017 baseline and statement about being on track to meet that goal, which depends on our ability to successfully execute our initiatives to reduce such emissions. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking information, whether due to new information, future events, or otherwise. Forward-looking information, by its very nature, is subject to numerous risks and uncertainties and is based on a number of assumptions. This gives rise to the possibility that actual results could differ materially from the expectations expressed in or implied by such forward-looking information and that our business and sustainability outlook, objectives, plans, strategic priorities and other information that is not historical fact may not be achieved. As a result, we cannot guarantee that any forward-looking information will materialize.
Forward-looking information is provided in this news release for the purpose of giving information about our current expectations and plans and allowing investors and others to get a better understanding of our sustainability efforts. However, readers are cautioned that it may not be appropriate to use such forward-looking information for any other purpose. Forward looking information provided in this news release is based on assumptions that we believed were reasonable on the day the information was given, including but not limited to, about our abilities stated in the preceding paragraph.
Some of the assumptions, risks and other factors which could cause results to differ materially from those expressed in the forward-looking information in this news release include: our assumptions related to business growth, the timing of and our ability to execute on our projects and initiatives designed to reduce GHG emissions, and the performance of third parties under their agreements with us; our ability to respond to climate change-related risks; the availability of carbon neutral technology or renewable power; the cost of climate change initiatives; and other assumptions, risks and other factors discussed in our current Annual Information Form (AIF) and in our most recent annual and quarterly management’s discussion and analysis (MD&A) for financial risks. We caution readers that any risks described in this news release, or in our MD&A or AIF are not the only ones that could impact us. Additional risks and uncertainties not currently known to us or that are currently deemed to be immaterial may also have a material adverse effect on our activities, business, financial condition, or results of operations.
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