NFI Group Showcases Commitment to Sustainability
NFI Group Inc. (TSX: NFI, OTC: NFYEF, TSX: NFI.DB), a leader in innovative bus and coach mobility solutions, recently unveiled its latest Sustainability Report for 2024. This comprehensive report reflects NFI’s unwavering dedication to sustainable practices across its operations and products.
Core Values Shaping NFI's Operations
As Janice Harper, Executive Vice President of People and Culture, articulates, sustainability is fundamental to NFI's operational ethos. The defining principles of sustainability guide the company's actions, steering the efforts to enhance environmental practices and foster social initiatives.
Highlights of the Sustainability Report
The newly released report encapsulates NFI’s sustainability journey, showcasing key achievements and outlining future commitments. The initiatives are structured around NFI's sustainability pledge: “A Better Product. A Better Workplace. A Better World.” These guiding pillars influence daily operations and long-term strategies.
A Better Product: Delivering Innovation
NFI has made remarkable strides in expanding its diverse portfolio of low- to zero-emission products. In 2024, the company accomplished a record number of new orders while achieving its highest delivery of zero-emission buses (ZEBs), which made up 23% of total deliveries. This commitment not only reinforces NFI’s position as a market leader but also underscores the importance of sustainable innovations in urban transportation.
A Better Workplace: Investing in People
The commitment to fostering a positive workplace environment remained strong in NFI’s strategy. In 2024, the implementation of the Community Benefits Framework across all subsidiaries facilitated targeted hiring and talent development programs tailored to meet community needs. NFI proudly invested $12.9 million along with over 365,000 hours dedicated to career development for its team members.
A Better World: Enhancing Community Engagement
NFI’s community outreach extends beyond employment initiatives. In 2024, NFI continued to deepen its partnership with United Way agencies, supporting 21 different communities throughout North America. This engagement illustrates NFI's core belief in enhancing community well-being and creating a positive societal impact.
The Role of Sustainability in Long-term Growth
CEO Paul Soubry emphasizes that sustainability functions as a strategic driver for NFI's overall growth and performance. By continually refining how they innovate and engage, NFI aims to create lasting value for its people, communities, and the environment. The goal is clear: Move People while ensuring that safety, health, and success are prioritized in the delivery of high-quality products and services.
Stakeholder Engagement in Report Development
The development of NFI’s Sustainability Report involved consultations with various stakeholders, including internal teams and external partners. This broad engagement ensures a comprehensive and balanced disclosure of NFI's sustainable practices and performance, which are highly relevant to stakeholders. High-level oversight from company executives, the Sustainability Council, and the Board of Directors affirms the importance of this report.
About NFI Group
NFI consists of nearly 9,000 employees across ten countries, operating as a prominent manufacturer of public transportation solutions. NFI offers a variety of propulsion agnostic bus and coach platforms, inclusive of innovative electric models to meet the growing demands for sustainable mobility. The company continues to lead in sustainable drive systems, providing solutions that range from zero-emission electric buses to clean diesel technology.
Company Information and Inquiries
For media and investor inquiries, NFI Group can be reached through Stephen King at 204.792.1300 or by email at Stephen.King@nfigroup.com. For more detailed information about products and services, please visit NFI's official website.
Frequently Asked Questions
What is the focus of NFI Group's Sustainability Report?
The report highlights NFI's initiatives related to its sustainability pledge, including product innovation, workplace development, and community engagement.
How does NFI Group support low-emission transportation?
NFI has expanded its portfolio of low- to zero-emission buses, achieving a record for its zero-emission bus deliveries in 2024.
What is included in NFI's Community Benefits Framework?
The framework guides recruitment and workforce development by addressing unique community needs, ensuring meaningful investment and support.
How does NFI engage with its stakeholders?
NFI consults a diverse range of stakeholders, ensuring that its sustainability practices reflect their perspectives and needs effectively.
What are NFI Group's overarching goals for sustainability?
NFI aims to enhance its environmental practices while contributing positively to community well-being through various initiatives.
