Westinghouse Air Brake Technologies Corp.
WAB.US | Manufacture of railway locomotives and rolling stock
Westinghouse Air Brake Technologies Corporation (Wabtec) is a global provider of equipment, systems, digital solutions, and value-added services for the freight and transit rail industries, and also serves other industrial markets. The company operates through two segments: Freight and Transit. The ...Show More
Better Health for All
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Wabtec's core products contribute to public health by significantly reducing environmental pollutants. Its Trip Optimizer™ saved 752 million gallons of fuel, reducing 7.7 million tons of greenhouse gas emissions and other air pollutants.
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Green Friction technology reduces fine particulate emissions from braking by up to 90%, and Green Air HVAC systems use a refrigerant with a global warming potential of less than one.
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The company allocates 6-7% of its annual organic research and development investment to low-carbon products and services.
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In response to the COVID-19 pandemic, Wabtec partnered to produce approximately 5,000 face shields for frontline healthcare workers.
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For mental health, Wabtec provides its global employees and their families with access to the Headspace for Work app, offering hundreds of meditations and exercises in multiple languages.
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Additionally, in 2004, Wabtec established the Gregory T.H. Davies Brain Tumor Research and Physician Education Endowed Fund with a $300,000 contribution to support education initiatives for effective patient communication.
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Fair Money & Economic Opportunity
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Wabtec is a global provider of equipment, systems, digital solutions, and services for the freight and transit rail industries. The company's core business does not involve lending, insuring, moving, or storing money for consumers, nor does it offer financial products or services. Therefore, the KPIs related to financial inclusion, pricing, and customer financial outcomes are not applicable. The provided article discusses a labor agreement
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, which is not relevant to the criteria for Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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In fiscal year 2024, the CEO-to-median employee pay ratio was 434:1.
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In 2023, the company's Total Recordable Incident Rate (TRIR) was 0.36.
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The voluntary employee turnover rate was 10.5%.
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Fair Trade & Ethical Sourcing
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Wabtec issued a Human Rights Policy in 2020, which prohibits forced, involuntary, or child labor in its operations
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. Wabtec's business units utilize standard terms and conditions for suppliers that incorporate the company’s Supplier Code of Conduct, which prohibits child labor and allows for termination of business relationships for non-compliance
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. Wabtec regularly audits suppliers in high-risk countries
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and uses assessment tools to evaluate supplier risk based on factors including geography and alignment with international human rights, environmental, health, and safety standards
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. The company implements corrective actions to prevent recurrence of noncompliance
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. Wabtec participates in the Railsponsible initiative
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, which aims for 80% of its preferred suppliers to be assessed for compliance with Railsponsible standards
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, and has assessed 800 suppliers since 2015
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. However, no specific quantitative data points were provided in the articles to score any of the Fair Trade & Ethical Sourcing KPIs
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.
Honest & Fair Business
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Wabtec was penalized $36.95 million in 2023 for price-fixing practices.
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The company has a Global Ethics Code that applies to all employees, officers, directors, and business partners.
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It provides a 24/7 Global Ethics and Concerns Helpline and maintains a zero-retaliation policy for reporting concerns.
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Following FCPA violations in 2008, Wabtec strengthened its compliance programs
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and invested $42.3 million in regulatory compliance in 2023,
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though it acknowledges potential vulnerabilities.
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Kind to Animals
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No specific, concrete evidence was found in the provided articles to assess Westinghouse Air Brake Technologies Corp (Wabtec) against any of the 'Kind to Animals' KPIs. The articles do not contain information regarding cruelty-free certifications, animal testing, humane certifications for operations, measurable wildlife conservation impact, ethical input substitution, supplier audits for animal welfare, cage-free sourcing, animal agriculture ethics, R&D investment specifically in animal-free technologies, or public policy engagement related to animal welfare.
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No War, No Weapons
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Wabtec states it does not engage in arms manufacturing or military contracts, aligning with 'No War, No Weapons' values.
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While the company had minor defense contracts for railway equipment maintenance and repair between 2010 and 2012, these represented a negligible portion of its revenue.
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This current non-engagement implies a 100% divestment from defense activities with a policy preventing future exposure. Consequently, the company has no defense business for its board to oversee and no exposure to any weapons. Wabtec's commitment to human rights is grounded in the United Nations Guiding Principles on Business and Human Rights (UNGP), and it is a member of the United Nations Global Compact, publishing an annual Communication on Progress detailing alignment with human rights principles.
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Planet-Friendly Business
-70
Wabtec's total Scope 1, 2, and 3 greenhouse gas emissions were 52,893,028 tCO2e in 2023.
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The company has not publicly committed to a specific net-zero target year through major frameworks.
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In 2023, 1% of its operational energy was sourced from renewables.
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Wabtec is committed to setting near-term Scope 3 targets in 2024
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and is aligning its near-term GHG reduction goal with climate science.
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Its Climate Report is aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD),
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and it is completing a scenario-based climate risk analysis to be published in 2024.
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Respect for Cultures & Communities
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The provided articles do not contain specific, quantitative evidence directly addressing the company's performance in formal partnerships with indigenous or local community groups, revenue reinvested in local community development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, community grievance mechanisms, average complaint resolution times, FPIC participation rates, community governance inclusion, cultural preservation investments, local procurement, indigenous supplier engagement, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity assessment scores, cultural incident response, or cultural sensitivity training completion. Therefore, no KPIs can be scored against the 'Respect for Cultures & Communities' value based on the available information.
Safe & Smart Tech
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Wabtec achieved ISO 27001 certification for its headquarters and six European locations
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, and IEC 62443-4-1 certification for secure product development lifecycle processes
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. The company encourages reporting of product security vulnerabilities
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and provides a public PGP key for encrypted submissions
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. Users are granted rights to confirm processing, access, correct, delete, receive a copy of, and control their personal data
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, with a toll-free privacy line and email provided
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. Wabtec states it complies with applicable national and local laws and regulations
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, detailing its CCPA practices for California residents
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and its reliance on frameworks like standard contractual clauses for EU data transfers
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.
Zero Waste & Sustainable Products
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Wabtec demonstrates strong performance in waste diversion, achieving 100% diversion of processed end-of-life materials from landfills, with 82% refurbished for reuse and 18% recycled.
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Its braking systems are designed to be 95% recyclable.
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The company reuses 50% of the steel in each locomotive during remanufacturing.
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Circular design principles are applied to several product categories, including brake friction pads with a circular concept
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and the Becorit Modular Brake System, which allows plates to be refurbished up to five times.
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Wabtec has implemented multiple waste reduction initiatives, such as additive manufacturing which can reduce production waste by up to 80%,
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and an 80% reduction in wastewater at its Shanghai site.
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Hazardous waste management includes solvent recycling to reduce hazardous liquid waste.
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The company has a target to increase end-of-life material that is recycled, reused, or remanufactured by 10% from a 2019 baseline.
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Suppliers are required to comply with Wabtec's Supplier Code of Conduct, which sets expectations regarding environmental laws and regulations.
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