EDEN PRAIRIE, Minn. & REHOVOT, Israel / Apr 11, 2024 / Business Wire / Stratasys Ltd. (NASDAQ: SSYS) today announced it has published its second Mindful Manufacturing™ ESG and Sustainability Report in accordance with the Global Reporting Initiative (GRI) standards, fulfilling its commitment to transparency. The report includes an extensive overview of activities and advancements in Stratasys’ environmental, social and governance (ESG) programs.
With its comprehensive suite of offerings, Stratasys is enabling manufacturers in the transition to strong sustainable practices and businesses. Making additive work for customers will help future generations innovate and thrive. By offering a more sustainable alternative to traditional manufacturing, Stratasys introduces solutions for optimized operations and Additive Manufacturing-enabled production. Together with its customers, Stratasys works to unlock the sustainable value of Additive Manufacturing for businesses around the world, and our own.
Some highlights of the Mindful Manufacturing ESG and Sustainability report, by category, include:
Environmental
Social
Governance
“Executing against our Mindful Manufacturing sustainability strategy is an important step in leading manufacturing towards 3D Printing a Better Tomorrow,” said Rosa Coblens, Vice President, Sustainability. “Across our value chain, we call upon everyone we work with to focus on climate-minded operations, improving products, parts, and processes. We demonstrate an evidence-based approach to ESG where continuous improvement and ongoing data collection reveals value in adopting and advancing Additive Manufacturing for production at scale to promote a more sustainable future.”
Recently Stratasys also participated in an Additive Manufacturer Green Trade Association (AMGTA) Lifecycle Inventory Research Report, which demonstrated the environmental benefits of additive manufacturing for the fashion industry. The report showed that Stratasys J850 TechStyle™ material jetting had a 24.8 percent reduction in CO2-equivalent emissions over traditional processes. In addition, the company has earned the ISO 14001 certification at its Israeli headquarters, for the second year in a row, and in Germany for 2023, with additional global certification efforts underway.
“Our Mindful Manufacturing approach enables more sustainable production, for manufacturing applications across supply chains, optimizing overall environmental impacts,” said Dr. Yoav Zeif, Chief Executive Officer, Stratasys. “Being ESG and sustainability minded reduces risk and promotes the healthy management of our successful global enterprise. We are proud to spearhead this effort in our industry and with our customers, supporting decarbonization strategies across a wide array of product portfolios and operations.”
“Sustainability and governance are key drivers to push additive manufacturing even further into the overall manufacturing environment,” said Ryan Martin, Senior Research Director, ABI Research. “Large manufacturers across the globe are publishing their sustainability efforts and they will need help to achieve those goals. The value proposition and sustainability profile of additive manufacturing supports these companies by speeding ESG initiatives while also boosting profits.”
Click here to download the full report.
About Stratasys
Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products and healthcare. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.
To learn more about Stratasys, visit www.stratasys.com, the Stratasys blog, Twitter, LinkedIn, or Facebook. Stratasys reserves the right to utilize any of the foregoing social media platforms, including Stratasys’ websites, to share material, non-public information pursuant to the SEC’s Regulation FD. To the extent necessary and mandated by applicable law, Stratasys will also include such information in its public disclosure filings.
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