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Business Observer Thursday, Jun. 23, 2022 1 week ago

Sarasota manufacturing giant announces net-zero emissions goal

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Helios expects to achieve the task of net-zero greenhouse gas emissions by 2050.

Helios Technologies Inc. is going green. And in doing so the Sarasota-based publicly traded company, with $861.9 million in revenue in 2021, becomes the latest firm nationwide to jump onto the environmental, social and governance (ESG) bandwagon. 

In late June, the engineered motion control and electronic controls technology company committed itself to achieving the task of net-zero greenhouse gas emissions by 2050. 

“We take our societal responsibility seriously, and this newest commitment adds to our earlier recognition that Helios Technologies’ environmental, social and governance responsibilities are the living, operating principles by which we measure ourselves and shape our behavior on a daily basis,” says Josef Matosevic, president and CEO, in a release. “Initial efforts and steps are underway as we develop more detailed plans to reach this long-term commitment.” 

The company established an environmental, social and governance committee to take part on its board. The committee will oversee corporate social responsibilities, public policy issues, health and safety and climate change-related trends. 

“We believe this is an important step forward in building a more sustainable company that can create long-term value for all stakeholders,” Matosevic adds. 

Helios, traded on the Nasdaq (symbol: HLIO, recent price: $66.33) is working on creating emission-reduction road maps for all its major-operated assets, after having already completed the first and second scope greenhouse gas inventory. 

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