FARO® Announces Two New Global Sustainability Goals to Advance ESG Efforts
Company to Reduce Carbon Footprint 25% by 2025 and Launch STEM Scholarship Program
February 24, 2021, Lake Mary, FL - FARO Technologies, Inc. (NASDAQ: FARO), a global leader for 3D measurement, imaging and realization solutions for 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics, today announced two new strategic goals in support of its Environment, Social & Governance (ESG) efforts.
The first new goal is to reduce the Company carbon emissions 25% by 2025 through aggressive activities that improve environmental performance. The second new goal is to establish middle and high school partnerships to improve curriculum in Science, Technology, Engineering & Mathematics (STEM) especially for minorities and females from low-income and disadvantaged areas. Year-one STEM funding will be $50,000 across the US, Canada, Germany, Portugal, the U.K, Singapore, and India.