Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Delivered 389 battery-electric and fuel-cell electric vehicles, representing 9% of total deliveries (a 35% year-over-year improvement).

Social Achievements

• Increased diversity of the team (mentioned in the report but no quantified data provided).
• NFI Forward initiative achieved $18.0 million in cost savings in 2020.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Lower deliveries of transit buses and motor coaches due to public customer order deferrals and private customer order delays attributable to the economic impacts of the COVID-19 pandemic.
• Lower private sector parts volumes within both the NFI aftermarket and ADL aftermarket businesses.

Mitigation Strategies

• Lowered variable overhead.
• Continued to drive NFI Forward (cost reduction initiative).
• Received government grants ($11.3 million).
• Cost savings from headcount reductions.
• Favorable product mix.
• NFI Forward savings.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Xcelsior AV (Level 4 automated transit bus)
• MCI D45 Commuter Rapid Transit battery-electric motor coach
• ARBOC's Equess battery-electric CHARGE shuttle bus

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Delivered 2,032 zero-emission buses (ZEBs) that have travelled more than 65 million miles and prevented the emission of billions of pounds of CO2.
• Launched six new battery and fuel cell-electric models.
• Expanded zero-emission presence in Ireland, Britain, New Zealand, and Australia.
• Expanded battery recycling partnership with Li-Cycle Corporation.
• Submitted its first response to the CDP Climate Change Questionnaire.

Social Achievements

• Conducted a diversity, equity, and inclusion (DEI) survey.
• Formalized a Human Rights Statement.
• Invested $7 million in employee training.
• Living wage assessment showed 99.78% of employees at or above the living wage standard.
• Implemented a flexible work program.
• Retained eight new team members through its Anniston Workforce Development Program.
• Signed onto the APTA’s Racial Equity Commitment Program.
• Participated in a social innovation lab focused on Indigenous youth employment.

Governance Achievements

• NFI’s Board is now 40% female and 80% independent.
• Executive leadership team is 21% female.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel buses and coaches

Awards & Recognition

• Spirit of Collaboration award

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 23% of NFI’s production were zero-emission buses in 2022.
• NFI’s zero-emission buses have travelled more than 115 million miles since 2015, preventing the emission of billions of pounds of CO2.
• Delivered over 390 electric vehicle chargers with over 77 megawatts of charging capacity.
• Maintained ISO 14001 registration for North American facilities.
• Reported Scope 1 and 2 greenhouse gas emissions.

Social Achievements

• Implemented diversity, equity, and inclusion (DEI) action plan and strategic framework.
• 100% of employees at main manufacturing facilities in Canada and the US were at or above the living wage.
• $8.6 million invested in employee training.
• Expanded electrical technician training program.
• Supported 18 communities across North America through United Way, raising over $380,000.

Governance Achievements

• 80% of NFI’s Board of Directors are independent, with 63% self-identifying as female.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• zero-emission buses

Awards & Recognition

• Campaign Committee award

Environmental Metrics

ESG Focus Areas

• Climate change
• Social impact (workforce development, talent acquisition and retention)
• Governance (Sustainability Council)

Environmental Achievements

• Delivered 878 ZEBs, representing approximately 22% of total vehicle deliveries in 2023
• Next generation zero-emission hydrogen fuel cell-electric Xcelsior CHARGE FC™ heavy-duty transit bus launched, saving 85-175 tons of greenhouse gas per year from tailpipe emissions compared to a traditional diesel bus.

Social Achievements

• Formal human rights statement issued in 2021
• Named one of Canada’s Best 50 Corporate Citizens for a second consecutive year in 2023
• Established a Sustainability Council in 2023 to give strategic leadership to NFI's ESG and sustainability programs

Governance Achievements

• Sustainability Council established in 2023
• Amended and Restated SRP approved by shareholders in 2023

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions and logistics challenges (2021-2023)
• Inflationary price increases of parts and components
• Increased costs of freight, energy, and consumables
• Increased cost of labor
• Pandemic-related impacts on global and local economies
• Shortages of parts and components
• Shortage of labor supply

Mitigation Strategies

• Cost reduction initiative, "NFI Forward"
• Reduced new vehicle input rates
• Temporarily idled certain facilities
• Adjusted production rates
• Working closely with suppliers and customers
• Comprehensive refinancing plan (completed August 25, 2023)
• Financial support package of approximately $187 million from the Government of Manitoba and Export Development Canada

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• ZEBs (battery-electric, hydrogen fuel cell-electric)
• Xcelsior CHARGE NG™
• Xcelsior CHARGE FC™
• J4500 CHARGE™
• D45 CRT LE CHARGE™
• D45 CRT CHARGE™
• Enviro500EV CHARGE
• Equess CHARGE™

Awards & Recognition

• Canada’s Best 50 Corporate Citizens (2023)