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The Report was developed with input from representatives across the business and includes information on NFI’s governance framework, enterprise risk management practices, workforce initiatives, product innovation, environmental performance, community investments, and sustainability-related priorities. The Report has been reviewed and approved for publication by NFI’s senior executives, Sustainability Council, and the Board of Directors. The performance data contained in the Report has been validated by internal management and, where required, is reported to applicable regulatory authorities in the form prescribed by those authorities.
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1 $11.9 million includes direct external training expenditures and an estimated value assigned to employee time invested in training activities.
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About NFI
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NFI is a leading global bus and motorcoach manufacturer and a provider of aftermarket parts and service solutions. With more than 9,000 team members across ten countries and operations spanning over 40 facilities, NFI delivers a comprehensive portfolio of bus and coach platforms.
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Through its brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™, NFI supports a diverse and extensive portfolio, serving public transit, commuter, and coach markets. In total, NFI supports an installed base of more than 100,000 buses and coaches worldwide. NFI offers a broad range of propulsion systems, including zero-emission buses and coaches, referring to propulsion systems that do not utilize internal combustion engines, natural gas, electric hybrid, and advanced diesel technologies, providing agencies with multiple fleet technology options. NFI’s common shares trade on the Toronto Stock Exchange (TSX: NFI) and its convertible unsecured debentures trade under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com.
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Forward-Looking Statements
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This Report contains “forward-looking information” and “forward-looking statements”, within the meaning of applicable Canadian securities laws, which reflect the expectations of management regarding the Company’s future growth, financial and operational performance and objectives and the Company’s vision, strategic initiatives, plans, business prospects and opportunities, including the Company’s social, economic, environmental, and governance-related impacts and objectives. The forward-looking information in this Report is included to assist the Company’s stakeholders in understanding these matters. This information may not be appropriate for other purposes. The words “believes”, “views”, “anticipates”, “plans”, “expects”, “intends”, “projects”, “forecasts”, “estimates”, “guidance”, “goals”, “objectives”, “targets” and similar expressions such as “may”, “will”, “should”, “could”, “would” are intended to identify forward-looking statements. These forward-looking statements reflect management’s current expectations regarding future events and speak only as of the date of this Report (or as otherwise indicated). By their very nature, forward-looking statements require management to make assumptions and involve significant risks and uncertainties; they should not be read as guarantees of future events, performance or results; and give rise to the possibility that management’s predictions, forecasts, projections, expectations, or conclusions will not prove to be accurate. Management’s assumptions may not be correct, and the Company’s future growth, financial and operational performance (including with respect to environmental or social matters), and objectives, and the Company’s vision, strategic initiatives, plans, business prospects, and opportunities may not occur or be achieved.
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The Company cautions readers and investors not to place undue reliance on these forward-looking statements and information, as a number of risk factors could cause the Company’s actual results to differ materially from the expectations expressed in such forward-looking statements. These factors – many of which are beyond the Company’s and management’s control and the effects of which are difficult to predict – include risks related to general economic and market factors; risks related to the Company’s business environment; risks related to the Company’s operations, strategy, financing, capital structure, tax, regulatory compliance, reputation, environmental and social risk; and the risks discussed in the “Risk Factors” section of the Company’s Annual Information Form and other disclosure documents filed with the Canadian securities regulatory authorities and available on SEDAR+ at HYPERLINK “www.sedarplus.ca”www.sedarplus.ca. The Company cautions that the foregoing list of risk factors is not exhaustive, and other factors could materially adversely affect the Company’s future growth, financial and operational performance (including with respect to environmental or social matters) and objectives and the Company’s vision, strategic initiatives, plans, business prospects, and opportunities. Except as required by law, the Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on its behalf. The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
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For investor and media inquiries, please contact:
Stephen King
P: 204.792.1300
[email protected]
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This press release was published by a CLEAR® Verified individual.
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English (US)