Our Perspective

Westport Fuel Systems has long recognized the responsibility we have to our customers, our suppliers, and most of all, the planet we all share. The leadership and employees of our organization have always believed in being a responsible corporate citizen, recognizing that our obligations are more than just a return to our shareholders but to society as a whole. We are socially and ethically minded and take on worthy causes from environmental issues to community concerns.

Anyone with questions or feedback regarding this report can reach us at sustainability@wfsinc.com or online at https://wfsinc.com/sustainability.

What We Stand For

Vision

Creating a better world through
innovative energy solutions.

Mission

Engineering the most advanced, clean fuel systems and components to deliver compelling economic and environmental benefits.

Our Values

We work every day to live our values of integrity, respect and perseverance to deliver sustainable, alternative clean transportation solutions. We entrust every employee and every member of our global network to build business relationships and make decisions in a way that honours our values.

Integrity: We are transparent, honest and ethical in all interactions. We strive to do what is right and do what we say we will do.

Respect: Teamwork and partnerships are highly valued with differing views seen as an enabler of better results.

Perseverance: A demonstrated ability to continually push through challenges and succeed.


What We Stand For

Committed to Integrity: Corporate integrity, personal accountability and respect for others are the foundation of our success.

Customer Focus: Partnerships and relationships are the pathway by which we capture business opportunity and realize value. We relentlessly serve our customers.

Delivery Excellence: Our commitment to execution and results fuels our passion to excel and innovate. We focus investment on what we do best and fuel our growth by optimizing efficiencies in our processes, workplace and value chain.

Teamwork and Collaboration: We enable our people through enriched collaboration and partnerships, leveraging our diverse global experience and viewing the Company in its entirety - like our stakeholders do.

Sustainability: We strive to ensure the way we do business has a positive impact on our people, the environment and the communities in which we work and live.

To learn more about us visit https://wfsinc.com/about/vision-mission-and-values

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Message From Our CEO

Westport Fuel Systems has been a global leader in clean transportation technologies for decades. We have been at the front lines of the shift to sustainable mobility. As the global economy restarts post COVID-19, there have been strong signals for a green recovery and associated stimulus spending to build a better, more resilient and low-carbon economy. A green recovery presents a once-in-a-lifetime opportunity to transform our transportation systems and how we move people and goods. The urgency of global climate change means we must act now and we are ready to do our part.

We are committed to the decarbonization of the transportation sector and the urgent need to deploy scalable, carbon neutral solutions.

We are committed to the decarbonization of the transportation sector and the urgent need to deploy scalable, carbon neutral solutions. The path to sustainable transportation must be led by cost competitive and market-ready technologies as we work towards longer-term targets for net-zero emissions. We need realistic transition road maps based on affordability for all geographic markets. We believe a focus on renewable and decarbonized gases as well as clean and sustainable mobility offers an opportunity to boost the economic recovery, retain and create jobs and achieve our emission reduction goals.

Sustainability is one of our guiding principles. Our sustainability vision is centred on our product portfolio of lower-carbon clean transportation solutions and our ongoing commitment to mitigate the operational footprint of our activities. Our 2019 report provides an opportunity to discuss our activities, our accomplishments and our contributions but also to disclose our challenges and identify opportunities for improvement.

Our continued success depends on our global team, our relationships with stakeholders and our ability to enhance shareholder value. We are focused on driving sustainable growth through a strong commitment to our environmental, social and governance programs and performance. Thank you for your support of Westport Fuel Systems.

Sincerely,

David M. Johnson

David M. Johnson, CEO

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Leadership Perspective

A message from Karen Hamberg, VP Sustainability and External Affairs

Sustainability is at the core of our technology strategy, our product portfolio and our global operations.  It drives our business success and enables our customers to advance their own sustainability commitments and differentiate themselves in a competitive market. As a clean transportation solutions company, we help our customers adopt and deploy low-carbon and renewable gaseous fuels to accelerate the transition to a decarbonized transport sector.

A commitment to reducing the impact of our operational footprint is a critical element of our business performance.

Westport Fuel Systems has been leading the shift to more sustainable transportation for decades. In an increasingly competitive marketplace, the ability of a clean transportation solution to scale is achieved by products that reduce a customer’s total cost of ownership, enable OEMs to meet regulations at an affordable cost and deliver greenhouse gas and criteria air pollutant emission reduction benefits. The expanded use of renewable gas or biomethane around the world offers another proof point of the scalability of gaseous fuels to deliver net-zero carbon transportation today.

A commitment to reducing the impact of our operational footprint is a critical element of our business performance. Our sustainability efforts are focused on ethics and compliance, environmental leadership, fairness and concern for employees and supply chain responsibility. With close to 1,300 employees around the world, our people are Westport Fuel Systems’ greatest asset. Their collective action across the Company to design, engineer and manufacture clean transportation solutions and to live our values of integrity, respect and perseverance have built our distinctive workplace culture.

With two years of global data, we now have a baseline from which to set public targets and objectives for improvement. Our 2020 report will be developed in accordance with the core requirements of the Global Reporting Initiative Standards and aligned to the Sustainability Accounting Standards Board (“SASB standards”) to ensure consistency and comparability in our disclosures and a more comprehensive disclosure of our economic, environmental and social impacts.

We have launched a sustainability portal (https://wfsinc.com/sustainability/) to better communicate our progress against key environmental, social, and governance performance indicators. We welcome your feedback or inquiries at sustainability@wfsinc.com

Thank you for your support of Westport Fuel Systems,

Sincerely,

Karen Hamberg
Karen Hamberg,
Vice President, Sustainability and External Affairs

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News Releases

September 23

Westport Fuel Systems Clarifies Statements Regarding the Chinese Certification of Weichai Westport’s WP12HPDI Natural Gas Engine

to clarify market news regarding its Weichai Westport Inc. joint venture and WWI's 12-liter engine equipped with the HPDI 2.0™ fuel system

September 18

Weichai Westport Secures Chinese Certification for WP12 Natural Gas Engine Powered by HPDI 2.0

Westport Fuel Systems Inc. today announced that its Weichai Westport Inc. joint venture has received certification from the Ministry of Ecology and Environment of China for its 12-liter engine equipped with the HPDI 2.0 fuel system

September 15

Westport Fuel Systems Combines Businesses to Better Serve Growing Indian Market

Transaction Provides Cost Efficiencies and Greater Product Choice for Customers

August 31

Westport Fuel Systems Awarded Key Electronics Supply Contract

Estimated revenue of US$58 million over seven-year period

August 11

Westport Fuel Systems Secures €7 Million Loan from Deutsche Bank

Further strengthens liquidity of Emer S.p.A in Brescia, Italy

Industry News

Published: July 17

Egypt launches ambitious strategy to shift from gasoline to natural-gas powered cars

Egypt has launched an ambitious plan to shift the primary fuel for vehicles in its jurisdiction from petrol and diesel to compressed natural gas.

Published: March 26

Coronavirus Economic Fallout May Boost NGVs as Alternative Transportation

Natural gas vehicles (NGV) may get a boost as power markets and renewable equipment production are seen as potential casualties.

Published: March 16

Europe Increasingly Turns to CNG, LNG

The statistics not only show continuously growing sales of CNG and especially liquefied natural gas fueled vehicles, but also the growth of corresponding fueling infrastructure.

Published: March 12

Finnish heavy-duty transport expert Simeon: ”Gas is energy of the future”

Simeon’s gas-powered Volvo is used to transport gas for partners. Stenberg is pleased with the new tractor unit.

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