Fleet Customers are Analyzing ESG Risk Factors
Versalift, a Time Manufacturing Company brand, manufactures leading vehicle-mounted aerial lifts, digger derricks and other specialized equipment that support essential businesses across the country and around the world. These organizations work in industries such as electric utilities, telecommunications, forestry, sign & light, construction, and wind turbine blade maintenance. Some of these organizations, which do operate in both the private and public sectors, are investor-owned companies, and they are beginning to use a set of broadly-accepted risk assessment criteria that is called ESG. Companies use these criteria to make informed buying decisions while addressing the wishes of their shareholders. ESG factors are broken into three groups: Environmental, Social and Governance.
Sustainability is the Mitigation of Long-term Risks
It is the purpose of sustainability analysis to determine and mitigate risks so that they do not impact an organization’s expected growth trajectory. The equipment industry, just like any other complex supply chain, is profoundly impacted by supply issues, inflation, and other macroeconomic factors. By considering sustainability, a company can account for hidden factors that can influence its ability to survive in challenging times.
“At Time Manufacturing Company, our goal is to bring the safest products to market. As we implement our global growth plan, we are creating a sustainable, profitable, and transparent organization. This transformation results in a better product, which lowers cost of ownership, and leads the industry in protecting the operator.” – Curt S. Howell, CEO
Equipment Industry through an ESG Lens
In a recently published whitepaper, Versalift explores best practices in sustainability, and discusses the criteria used to assess the sustainability of the company as it would be measured by a rating agency called MSCI. ESG (environmental, social, and governance) factors are weighed by MSCI, which publishes sustainability ratings that are broadly used to evaluate publicly-traded companies, indexes, funds, ETFs and fixed income securities in the United States.
Customers focus on ESG Factors
Companies stand to benefit from getting familiar with the ESG concept and looking for areas within their organization that might need their attention. It is our conviction that the sustainability criteria discussed within our whitepaper will continue to play a more influential role in the selection of aerial lifts, digger derricks, work truck bodies, and other equipment that meet these criteria.
Recognizing Impact Investors
Impact investors are those people who want the money they invest to have a positive effect on more than the economy. Impact investors often tend to support those companies that rank highly in environmental stewardship.
“We are doing everything possible to provide products that have a carbon neutral footprint including lightweight, high strength aerial lifts combined with lightweight truck bodies and ePTO systems or electric/hybrid chassis. Our wind energy generation maintenance equipment helps propel a carbon neutral world forward, not just for us, but also for future generations.”- James Christian, VP Engineering
Download ESG Whitepaper
We invite those who are interested to download an ESG whitepaper titled “Environmental, Social, & Governance (ESG) Factors In Customer Supply Chain Sustainability.” Readers will find a much closer look at ESG factors in the vehicle-mounted aerial lift industry. With this information, we are well positioned to answer questions about the sustainability of the Versalift brand, and of Time Manufacturing Company’s commitment to sustainability.