Blackline Safety Increases DEI Performance, Sets Net-Zero Climate Target
February 17 2022 - 9:17AM
Business Wire
2021 ESG Report highlights 8% rise in women in management,
30% ethnic representation in workforce and a tripling of nonprofits
supported with bold goals for the future
Blackline Safety Corp. (TSX: BLN), a global leader in connected
safety technology with a Hardware-enabled Software-as-a-Service
(HeSaaS) business model, today announced it increased its
diversity, equity and inclusion performance in 2021, boosted
employee engagement as the workforce doubled, and pledged to be a
net-zero emissions company by the end of fiscal 2023. Highlights of
progress made to date and pathways to net-zero are detailed in its
2021 Environmental, Social and Governance (ESG) Report,
released today.
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“Our connected worker technology protects over 100,000 people
and generates data-driven safety and operational insights that
enhance the ESG performance of our customers around the world. We
have long recognized the importance of creating sustainable
workplaces that embed both resiliency and adaptability into
business—and build a better world,” said Cody Slater, Chief
Executive Officer and Chair at Blackline Safety.
“I am proud of the achievements made in fiscal 2021 related to
our own ESG performance through increasing the diversity of our
workforce, supporting the communities in which we operate and
aligning with society, customers and investors net-zero goals. In
2022, we will continue to build on the progress made, including
targeting 100% use of renewable energy company-wide by year-end.
Blackline has a policy of pay equity and in 2022 we will also
achieve pay equity certification.”
Highlights from Blackline Safety’s Fiscal 2021 ESG Report:
- Grew a diverse and inclusive workforce, with 30% ethnic
representation—an increase of 6% year-over-year—and an 8% increase
in women in management. To further build a culture of belonging and
inclusion, the company will increase its engagement with
underrepresented groups as part of recruitment and increase
mentorship support and leadership opportunities.
- Improved overall employee engagement to 76%, while
nearly doubling the global workforce, and continued to expand
training and development opportunities and comprehensive benefits
coverage including $5,000 mental health support for Canadian
employees.
- Collected over 170 billion data points to date through
Blackline Live, upheld by the highest standards of data
security and privacy measures in line with GDPR and SOC 2
compliance.
- Doubled community investment year-over-year and tripled the
number of nonprofits supported, and aligned areas of support to
the company’s vision.
- Calculated Scopes 1, 2 and 3 GHG emissions, to establish
a baseline and key levers to achieve the Company’s net-zero
goal.
“Now, more than ever, business, product and organizational
strategy needs to incorporate ESG performance in line with both
rising stakeholder expectations and delivering responsible growth
and long-term shareholder value creation,” said Cheemin Bo-Linn,
Governance, Compensation and Sustainability Committee Chair.
“As a Board, we are pleased with Blackline Safety’s progress to
date on its ESG goals and focus areas and continue to be actively
engaged in the Company’s approach and responsibilities, supported
by a governance framework that provides clear oversight and
accountability. We expect Blackline Safety to continue achieving
meaningful progress towards its ESG initiatives in the years to
come.”
For an overview of all of Blackline Safety’s ESG efforts and to
read the report, visit www.blacklinesafety.com/esg. The 2021 ESG
Report is also available as a downloadable PDF.
Blackline Safety’s 2021 ESG Report has been informed by the
Sustainability Accounting Standards Board (SASB) and Global
Reporting Initiatives (GRI) disclosure frameworks and the United
Nations’ Sustainable Development Goals. For more information
regarding the Company’s ESG report and goals, contact
esg@blacklinesafety.com
About Blackline Safety
Blackline Safety is a global connected safety leader that helps
to ensure every worker gets their job done and returns home safe
each day. Blackline Safety provides wearable safety technology,
personal and area gas monitoring, cloud-connected software and data
analytics to meet demanding safety challenges and increase
productivity of organizations with coverage in more than 100
countries. Blackline Safety wearables provide a lifeline to tens of
thousands of people, having reported over 170 billion data-points
and initiated over five million emergency responses. Armed with
cellular and satellite connectivity, we ensure that help is never
too far away. For more information, visit www.BlacklineSafety.com
and connect with us on Facebook, Twitter, LinkedIn and
Instagram.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and
forward-looking information (collectively "forward-looking
information") within the meaning of applicable securities laws
relating to, among other things, goals and objectives for
Blackline’s ESG focus areas, in particular and without limiting the
generality of the foregoing, building on the progress made,
Blackline Safety’s net-zero target in 2023, achieving pay equity
certification in 2022, targeting 100% use of renewable energy
company-wide, increasing its engagement with underrepresented
groups as part of recruitment and increase mentorship support and
leadership opportunities. Blackline provided such forward-looking
statements in reliance on certain expectations and assumptions that
it believes are reasonable at the time, including expectations and
assumptions concerning business prospects and opportunities;
customer demands, the availability and cost of financing, labor and
services and the impact of increasing competition. Although
Blackline believes that the expectations and assumptions on which
such forward-looking information is based are reasonable, undue
reliance should not be placed on the forward-looking information
because Blackline can give no assurance that they will prove to be
correct. Forward-looking information addresses future events and
conditions, which by their very nature involve inherent risks and
uncertainties, including the risks discussed in Blackline's
Management's Discussion and Analysis and annual information form
for the year ended October 31, 2021 and available on SEDAR at
www.sedar.com. Blackline's actual results, performance or
achievement could differ materially from those expressed in, or
implied by, the forward-looking information and, accordingly, no
assurance can be given that any of the events anticipated by the
forward-looking information will transpire or occur, or if any of
them do so, what benefits Blackline will derive therefrom.
Management has included the above summary of assumptions and risks
related to forward-looking information provided in this press
release in order to provide readers with a more complete
perspective on Blackline's future operations and such information
may not be appropriate for other purposes. Readers are cautioned
that the foregoing lists of factors are not exhaustive. These
forward-looking statements are made as of the date of this press
release and Blackline disclaims any intent or obligation to update
publicly any forward-looking information, whether as a result of
new information, future events or results or otherwise, other than
as required by applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20220217005384/en/
INVESTOR/ANALYST CONTACT Shane Grennan, CFO
sgrennan@blacklinesafety.com Telephone: +1 403 451 0327
MEDIA CONTACT Christine Gillies, CMO
cgillies@blacklinesafety.com Telephone: +1 403 629 9434
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