Sustainability is a cornerstone of Dayco’s operations. We are committed to building and maintaining a sustainable company by safeguarding natural resources, fostering a culture of growth, safety and belonging with our employees, and creating efficient, innovative, and safe products. Dayco promotes sustainability by going above and beyond to deliver on initiatives that have positive environmental and societal impacts. We are pleased to have a partnership with EcoVadis that began with Dayco earning their silver status award in 2021. We look forward to growing and strengthening that relationship both now and into the future.
In 2021, the Company enlisted the support of sustainability consultants to guide us in developing a robust sustainability framework. This work encompassed an internal audit and a peer benchmarking exercise as well as an illuminating materiality assessment with our executive team. We identified 14 priority Environmental, Social & Governance (ESG) topics material to Dayco, our mission and our stakeholders.
Currently, Dayco is focusing on 6 of the 14 high priority topics identified in the materiality exercise. These 6 priority topics were aggregated into three pillars that drive our sustainability initiatives: Performance, People and Planet.
The world is going through a climate and humanitarian crisis with significant global implications. The climate change crisis is causing unpredictable and more frequent extreme weather events – rising sea levels, severe droughts, increasingly frequent forest fires, amongst others. The climate crisis is directly linked to the humanitarian crisis causing the most vulnerable communities to feel the effects of instability, hunger, violence, and displacement. We all share responsibility in addressing these global threats by committing to reducing greenhouse gas emissions, by addressing social impacts as they arise and by ensuring adequate management controls are in place as a means of good governance. See below for how Dayco is driving sustainability initiatives within our three ESG pillars: