Vishay Precision Group (NYSE: VPG) published its inaugural Sustainability Reporthighlighting the company’s environmental, social and governance (ESG) efforts in 2022-2023. The report highlights key achievements in areas such as: energy management, product quality, business ethics and information security.
Notable achievements include:
- Reducing electricity consumption intensity by 13% compared to the 2021 baseline
- Zero product recalls due to potential manufacturing or design defects in 2023
- Updated anti-bribery and corruption policy covering senior staff training in 2023
- Zero significant information security breaches, penalties and settlements in 2023
CEO Ziv Shoshani emphasized that this report represents an important milestone in VPG’s sustainability journey, reflecting the company’s commitment to integrity and honesty. The full report is available on the VPG website.
Loam Vishay Precision Group (NYSE:VPG) published its report inaugural sustainability reporthighlighting the company’s environmental, social and governance (ESG) efforts in 2022-2023. The report highlights key achievements in areas such as: energy management, product quality, business ethics and information security.
Significant achievements include:
- 13% reduction in electricity consumption intensity compared to 2021
- There were no product recalls in 2023 due to potential manufacturing or design defects
- Update of the anti-corruption and bribery policy along with training for senior employees in 2023
- No significant information security breaches, financial penalties or transactions in 2023
CEO Ziv Shoshani emphasized that this report represents an important milestone in VPG’s sustainability journey, reflecting the company’s commitment to integrity and honesty. The full report is available on the VPG website.
Vishay Precision Group (NYSE: VPG) published its inaugural sustainability reporthighlighting the company’s environmental, social and governance (ESG) efforts in 2022-2023. The report highlights key achievements in areas such as: energy management, product quality, business ethics and information security.
Notable achievements include:
- Reduction in electricity consumption intensity by 13% compared to the 2021 baseline
- Zero product recalls due to potential manufacturing or design defects in 2023
- Update of the anti-bribery and corruption policy along with training for senior employees in 2023
- Zero significant information security breaches, sanctions and agreements in 2023
CEO Ziv Shoshani emphasized that this report represents an important milestone in VPG’s sustainability journey, reflecting the company’s commitment to integrity and honesty. The full report is available on the VPG website.
Vishay Precision Group (NYSE: VPG) is highlighting the company’s environmental protection (ESG) efforts in 2022-2023. First sustainability reportannounced. This report Energy management, product quality, business ethics, information security Shows key achievements such as:
Key achievements include:
- Electricity consumption intensity decreased by 13% compared to 2021
- By 2023, zero product recalls due to manufacturing or design defects
- Update of anti-corruption and anti-corruption policy, including management staff training, in 2023
- Zero significant information security breaches, financial penalties and settlements in 2023
CEO Ziv Shoshani emphasized that this report represents an important milestone in VPG’s sustainability journey and reflects the company’s commitment to honesty and integrity. The full report is available on the VPG website.
Vishay Precision Group (NYSE: VPG) published its first sustainability reporthighlighting the company’s environmental, social and governance (ESG) efforts in 2022-2023. The report highlights key achievements in areas such as: energy management, product quality, business ethics and information security.
Notable achievements include:
- Reduction of electricity consumption intensity by 13% compared to 2021
- There were no product recalls in 2023 due to potential manufacturing or design defects
- Update of the anti-corruption and anti-corruption policy along with training of senior employees in 2023
- No major information security breaches, no sanctions and no regulations in 2023
CEO Ziv Shoshani emphasized that this report represents an important milestone in VPG’s sustainability journey, reflecting the company’s commitment to integrity and honesty. The full report is available on the VPG website.
Vishay Precision Group (NYSE: VPG) has its own first sustainability report which highlights the company’s environmental, social and governance (ESG) efforts in 2022-2023. The report presents key achievements in areas such as: Energy management, product quality, business ethics and information security.
Notable achievements include:
- 13% reduction in electricity consumption intensity compared to the base year 2021
- There were no product recalls in 2023 due to possible manufacturing or design defects
- Anti-bribery and corruption policy update with leadership training in 2023
- There were no significant information security breaches, penalties or settlements in 2023
CEO Ziv Shoshani emphasized that this report represents a significant milestone in VPG’s sustainability journey and reflects the company’s commitment to integrity and honesty. The full report is available on the VPG website.
The report highlights the major milestones the company has achieved so far in its ESG journey
MALVERN, Pa., Oct. 08, 2024 (GLOBE NEWSWIRE) — Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced the release of its inaugural Sustainability Report, highlighting the company’s environmental, social and governance (ESG) efforts for 2022-2023. The report highlights performance in key areas such as energy management, product quality, business ethics, information security, health and safety, among others.
The most important features are:
13% reduction in electricity consumption intensity compared to the 2021 baseline.- Zero product recalls due to potential manufacturing or design defects in 2023.
- Update and training for senior staff on revised anti-bribery and corruption policies in 2023.
- Zero significant information security breaches, penalties and settlements in 2023.
Ziv Shoshani, CEO of VPG, commented: “We are proud to present our first Sustainability Report. This report marks a milestone in VPG’s sustainability journey. Our commitment to sustainable development is driven by the principles espoused by our founder, Dr. Felix Zandman, to act with integrity and honesty. These principles remain a core part of our core values.”
“We are proud of how VPG employees contribute to a more sustainable world by helping to make our customers’ products and processes safer, smarter and more productive, driving long-term value creation around the world,” noted Mr. Shoshani.
The report, along with additional information on the company’s ESG activities and sustainability initiatives, is available on the VPG website at the following link: VPG 2024 Sustainability Report.
About VPG
Vishay Precision Group, Inc. (VPG) is a leader in precision measurement and detection technology. Our sensors, weighing solutions and measurement systems optimize and improve the performance of our customers’ products in a wide range of markets, making our world safer, smarter and more productive. To learn more, visit VPG at vpgsensors.com and follow us on LinkedIn.
Contact:
Steve Cantor
Vishay Precision Group, Inc.
781-222-3516
info@vpgsensors.com
Frequently asked questions
What are the highlights of the first VPG Sustainability Report?
VPG’s inaugural Sustainability Report highlights a 13% reduction in electricity consumption intensity, zero product recalls, updated anti-bribery and corruption policies, and zero material information security breaches in 2023.
According to the report, how has VPG improved energy management?
As stated in the first Sustainability Report, VPG achieved a 13% reduction in electricity consumption intensity compared to the 2021 baseline.
What period does the inaugural VPG Sustainability Report cover?
VPG’s inaugural Sustainability Report covers the company’s environmental, social and governance (ESG) efforts for 2022-2023.
How did VPG fare in terms of product quality in 2023?
According to the report, VPG did not recall any products due to potential manufacturing or design defects in 2023, demonstrating good product quality.
What steps has VPG taken regarding business ethics in 2023?
In 2023, VPG updated its anti-bribery and anti-corruption policies and provided senior staff with training on these revised policies.
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