Dresser-Rand Releases 2012 Corporate Sustainability Report
HOUSTON, May 31, 2013 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or "the Company") (NYSE: DRC) has published its fourth Corporate Sustainability Report, which identifies 14 sustainability goals across three core focus areas for the Company.
The theme of the Dresser-Rand 2012 Corporate Sustainability Report (the "Report") is Sustaining Success with Technology & Operational Excellence. The Report includes several real-life examples where Dresser-Rand's products and people are making positive impacts on the environment and society and in people's daily lives.
Vincent R. Volpe Jr., Dresser-Rand's president and CEO, asserts how the Company's technologies support clients' competitiveness by improving process efficiencies and reducing emissions. He notes that being socially and environmentally responsible is not only the right thing to do – it makes good business sense.
In determining the scope of this report, the Company looked at the best practices in reporting and is pleased to be reporting at level B, according to the Global Reporting Initiative G3.1 Guidelines (www.globalreporting.org). The Report was prepared using stakeholder feedback and the disclosure requirements of the Global Reporting Initiative. The Report includes summaries of the Company's progress across three core focus areas — environment, society and governance — that are key to Dresser-Rand's business sustainability.
The Report is printed in limited quantities on FSC-certified paper, which is manufactured using responsible sources. It is also available online at: sustainability.dresser-rand.com
Dresser-Rand's goal is to engage its stakeholders and solicit their views on the Report's coverage and transparency. Therefore, it encourages feedback on the Report from its key stakeholders to improve communications going forward. Comments or questions may be sent to: email@example.com
Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. The Company operates manufacturing facilities in the United States, France, United Kingdom, Spain, Germany, Norway, and India, and maintains a network of 49 service and support centers (including 6 engineering and R&D centers) covering more than 150 countries.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, the Company's plans, objectives, goals, strategies, future events, future bookings, revenues, or performance, capital expenditures, financing needs, plans, or intentions relating to acquisitions, business trends, executive compensation, and other information that is not historical information. The words "anticipates", "believes", "expects", "intends", "appears", "outlook," and similar expressions identify such forward-looking statements. Although the company believes that such statements are based on reasonable assumptions, these forward-looking statements are subject to numerous factors, risks, and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks, and uncertainties include, among others, the following: economic or industry downturns; the variability of bookings due to volatile market conditions, subjectivity clients exercise in placing orders, and timing of large orders; volatility and disruption of the credit markets; its inability to generate cash and access capital on reasonable terms and conditions; its inability to implement its business strategy to increase aftermarket parts and services revenue; its ability to comply with local content requirements; delivery delays by certain third party suppliers of large equipment; cost overruns in fixed-price contracts; its ability to implement potential tax strategies; competition in its markets; failure to complete or achieve the expected benefits from any future acquisitions; economic, political, currency and other risks associated with international sales and operations; fluctuations in currencies and volatility in exchange rates; loss of senior management; environmental compliance costs and liabilities; failure to maintain safety performance acceptable to its clients; failure to negotiate new collective bargaining agreements; a failure or breach of our information system security; unexpected product claims and regulations; infringement on its intellectual property or infringement on others' intellectual property; its pension expenses and funding requirements; difficulty in implementing an information management system; and the Company's brand name may be confused with others. These and other risks are discussed in detail in the Company's filings with the Securities and Exchange Commission at www.sec.gov. Actual results, performance, or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. The Company can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them does, what impact they will have on results of operations and financial condition. The company undertakes no obligation to update or revise forward-looking statements, which may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, except as required by applicable law. For information about Dresser-Rand, go to its website at www.dresser-rand.com.
SOURCE Dresser-Rand Group Inc.