NFI releases its Environmental, Social and Governance Report for 2022

WINNIPEG, Manitoba, May 31, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) The board of directors (the “Board”) of NFI Group Inc. (the “Company”), a leader in zero-emission electric mobility solutions, today released its Environmental, Social and Governance (“ESG”) Report for 2022 (“ESG Report” or “Report”), which can be found at https://www.nfigroup.com/esg/

“At NFI, we know that strong ESG practices, policies and initiatives are simply good business. We consider both risks and opportunities as we weave ESG into the fabric of our day-to-day operations and long-term planning,” said Natalia Klumper, Sustainability Manager, NFI. “Our fifth ESG Report provides updates on our performance and some exciting new developments: we expanded our engagement with stakeholders through the completion of our first ESG materiality assessment; implemented our diversity, equity, and inclusion, or DEI, action plan and strategic framework; reported our Scope 1 and Scope 2 greenhouse gas emissions; and initiated our sustainability roadmap, which will guide our overall sustainability strategy.”

NFI’s ESG Report for 2022 provides updated key performance indicators, highlights for 2022, ESG priorities for 2023, as well as some specific projects and initiatives the Company undertook in the year. The Report focuses on the three main components of NFI’s Sustainability Pledge, first adopted in 2006: “Better Product. Better Workplace. Better World”, which guides the Company’s daily actions and long-term planning.

Better Product: In 2022, 23% of NFI’s production were zero-emission buses (“ZEB”), and that is expected to rise to 25-30% in 2023, 30-35% in 2024, and to approximately 40% in 2025.¹ Today, 13 countries have NFI buses and coaches in service, and over 130 cities have an NFI ZEB in service or on order. Since 2015, the Company’s zero-emission buses, or ZEBs, have travelled more than 115 million miles and prevented the emission of billions of pounds of CO₂ into the atmosphere. NFI Infrastructure Solutions has delivered over 390 electric vehicle chargers with a total of over 77 megawatts of charging capacity. NFI also continued to support its customers through the delivery of diesel-electric hybrid vehicles; and the Company’s aftermarket teams supported safer journeys by installing driver barriers, seatbelts, and air purification and cleaning systems.