Hypertherm recently released a Corporate Social Responsibility (CSR) report that shows record results in all measured areas of CSR, including in community engagement, environmental impact, and associate well-being.
In 2016, nearly 85 percent of Hypertherm associates volunteered, spending an average of more than 16 hours, or the equivalent of two working days, in the community. Of those, more than 500 associates, or approximately 45 percent, served at least 24 hours, the maximum number covered under Hypertherm’s paid time off program last year.
In addition to its volunteer program, Hypertherm provided support to nonprofits through its foundation-the Hypertherm Owners’ Philanthropic Endeavors (HOPE) Foundation. In all, the organization provided funding to 132 organizations, 25 more than the previous year. The foundation supports organizations in five focus areas-health and wellness, education, food and shelter, STEM, and the environment.
HOPE placed added emphasis on two programs in 2016: SHAPE for STEM exposed more than 9,800 students to STEM through school tours of Hypertherm’s advanced manufacturing facilities, participation in Hypertherm sponsored robotics teams, and engagement with makerspaces; the second program funded drug education, awareness, and sustained recovery programs.
Environmentally, Hypertherm last year diverted a record amount of waste from landfills. The company credits improved partnerships with its supply chain and its regional recycling center with helping it divert more than 2,500 tons of waste. As a result, just 2.5 percent of waste generated by Hypertherm in 2016 went to a landfill, bringing the company closer to its goal of zero landfill waste by 2020.
The company also reports progress on environmental goals tied to its products. For example, its newest Powermax plasma product, the Powermax45 XP, is 11-percent more efficient than its predecessor, and 99.9-percent recyclable.
When it comes to company associate well-being, Hypertherm continues to report workplace injury rates well below the national average. In 2016, Hypertherm had a safety incidence rate of 1.8 percent, compared with an industry average of 4 percent. Seven of the company’s eight U.S. manufacturing locations are now OSHA VPP Star worksites.
The company also reports lower than expected health plan costs, fewer family medical leave and disability claims, and a 35-percent increase in the number of associates receiving primary care through one of Hypertherm’s on-site primary care clinics.
Read the full report at www.hypertherm.com/CSR.