Firan Technology Group Corporation
Climate Impact & Sustainability Data (2005, 2022)
Reporting Period: 2005
Environmental Metrics
ESG Focus Areas
- Operational Excellence
- Employee Development
- Customer Service
- Quality
- Delivery
Social Achievements
- Investment in recruiting and training initiatives to build the best team at all levels of the organization.
- Implementation of a Whistle Blowing policy.
Governance Achievements
- AS9100B certification for FTG Aerospace.
- Bombardier Aerospace Vendor Inspection Program (VIP) certification for FTG Aerospace.
Climate Goals & Targets
Environmental Challenges
- Increased material costs
- Rapid technological innovation
- Offshore product sourcing
- Industry consolidation
- Strengthening Canadian Dollar
- Material quality problems resulting in higher scrap costs and lower volumes in FTG Circuits Toronto facility
- Unfavorable change in product mix and additional support costs in engineering and quality to support future growth in FTG Aerospace
Mitigation Strategies
- Acquisition of Young Electronics (FTG Circuits – Chatsworth) to gain market leadership and reduce barriers for US defense firms.
- Focus on high reliability, mission-critical products and advanced materials.
- Development of flexible and combined flexible and rigid circuit boards.
- Renewed enterprise sourcing agreements with Honeywell and Rockwell Collins.
- Appointment of new Directors of Operations, Quality, and Product Engineering to improve operational performance.
- Integration and strengthening of the sales team to improve customer service.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Flexible and combined flexible and rigid circuit boards
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced environmental impact through investments in water recycling and higher efficiency equipment
Social Achievements
- Increased diversity on the Board of Directors with the addition of Amy Rice
- Proactively reviewed and improved safety at all sites
Governance Achievements
- Moved Board compensation to include Deferred Share Units
Climate Goals & Targets
Environmental Challenges
- Surge in inflation
- Supply chain challenges and constraints
- Attrition and need to add staff to ramp production
Mitigation Strategies
- Passed inflationary impacts onto customers
- Increased raw material stock to mitigate supply chain disruptions