Hexcel Corporation develops, manufactures, and markets advanced composites. The company’s focus is on lightweight, high performance composites, including carbon fibers which are used in a wide variety of applications, such as commercial aircraft, space launch vehicles and satellites, wind turbine blades, automobiles, bicycles, skis, and other industrial applications. The company operates in the Americas, Europe, and Asia and functions through two segments: Composite Materials and Engineered Products.
Hexcel Corporation’s variety of carbon fiber products allow airlines and other clients to improve fuel efficiencies while reducing noise pollution and are also essential in the production of wind energy. Each of the company’s facilities are equipped with an environmental management system, some of which are ISO-14001 certified. These facilities utilize air scrubbers, boiler systems, and water recycling technologies that have vastly increased Hexcel’s efficiency as the company works to reduce its waste, emissions, and water usage from operations. The company routinely undergoes environmental and safety audits while rewarding employees for safety performance improvements. Hexcel provides its workers with regular training on the company’s Code of Business Conduct and has multiple outlets for reporting violations or suspected violations. Additionally, the company has incorporated controls and due diligence measures to prevent the introduction of Conflict Minerals into its supply chain and requires all suppliers of materials to provide records, upon request, of their processes and results showing compliance.
Hexcel Corporation does not release a corporate social responsibility report, does not track or disclose its key performance indicators nor set goals for future environmental metric improvements. Additionally, Hexcel’s Board of Directors and executive management team lack gender and racial diversity.
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/2016 and may not reflect current opinions or subsequent events.