Dresser-Rand Releases Annual Corporate Sustainability Report - WFSB 3 Connecticut

Dresser-Rand Releases Annual Corporate Sustainability Report

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SOURCE Dresser-Rand Group Inc.

HOUSTON, May 6, 2014 /PRNewswire/ -- Dresser-Rand Group Inc. (NYSE: DRC) published its fifth Corporate Sustainability Report (the "Report"). The content-rich report features numerous photos and real-life examples of how Dresser-Rand products and people are making positive impacts on the environment and society, while promoting the highest standards of governance.

"It's all about the people," said Vincent R. Volpe Jr., Dresser-Rand's president and CEO. "You'll see in this report a myriad of examples of our employees involved in community outreach, acting as role models for future generations and advancing our commitment to education in local communities."

The Report, Bringing Energy and the Environment into Harmony through Technology, highlights how the Company's advanced technologies contribute to a more sustainable planet and help reduce adverse environmental impacts.  

Under the leadership of its Board of Directors and executive leadership team, the Company remains focused on the three intersecting areas of sustainability – the environment, society and governance. Performance highlights for 2013 included:

  • Undertook an important and ambitious initiative to develop a global HSE management system certified to ISO 14001
  • Implemented a process within the enterprise HSE software application where employees can suggest process improvements
  • Achieved OHSAS 18001:2007 global certification by Lloyd's Register Quality Assurance
  • Recognized as One of America's Safest Companies by EHS Today magazine
  • Partnered with and invested in the IMPS (in Angola) infrastructure and laboratory
  • Implemented an Internet-based entity management system for all U.S. subsidiaries
  • Designed and initiated a due diligence process for reviewing the supply chain to determine origin of conflict materials to facilitate compliance with SEC conflict minerals disclosure rules

In determining the scope of this report, Dresser-Rand looked at the best practices in reporting and is pleased to be reporting at level B, according to the Global Reporting Initiative G3.1 Guidelines (www.globalreporting.org). The Report outlines progress the Company made on its 2013 sustainability commitments and the 15 goals established for 2014.

Dresser-Rand's  goal is to provide a balanced view of the key issues the Company faces and outline the major achievements it made that affect Dresser-Rand stakeholders across environmental, societal and governance areas.

The online version of the Report, which includes a downloadable PDF, is available at: http://sustainability.dresser-rand.com/. The Report is also printed in limited quantities on FSC-certified paper.

Dresser-Rand values feedback on the Report or any other aspect of Dresser-Rand's sustainability performance and invites readers to submit questions or comments to sustainability@dresser-rand.com

About Dresser-Rand

Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries.  The Company operates manufacturing facilities in the United States, France, United Kingdom, Spain, Germany, Norway, Brazil, and India, and maintains a network of 49 service and support centers (including 6 engineering and R&D centers) covering more than 150 countries.

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include, without limitation, the Company's plans, objectives, goals, strategies, future events, future bookings, revenues, or performance, capital expenditures, financing needs, plans, or intentions relating to acquisitions, business trends, executive compensation, and other information that is not historical information.  The words "anticipates", "believes", "expects", "intends", "appears", "outlook," and similar expressions identify such forward-looking statements.  Although the Company believes that such statements are based on reasonable assumptions, these forward-looking statements are subject to numerous factors, risks, and uncertainties that could cause actual outcomes and results to be materially different from those projected.  These factors, risks, and uncertainties include, among others, the following: economic or industry downturns; the variability of bookings due to volatile market conditions, subjectivity clients exercise in placing orders, and timing of large orders; volatility and disruption of the credit markets; its inability to generate cash and access capital on reasonable terms and conditions; its inability to implement its business strategy; its ability to comply with local content requirements; delivery delays by third party suppliers; cost overruns and fixed-price contracts; its ability to implement potential tax strategies; competition in its markets; failure to complete or achieve the expected benefits from any acquisitions, joint ventures or strategic investments; economic, political, currency and other risks associated with international sales and operations; fluctuations in currencies and volatility in exchange rates; loss of senior management; environmental compliance costs and liabilities; failure to maintain safety performance acceptable to its clients; failure to negotiate new collective bargaining agreements; a failure or breach of our information system security; unexpected product claims and regulations; infringement on its intellectual property or infringement on others' intellectual property; its pension expenses and funding requirements; difficulty in implementing an information management system; and the Company's brand name may be confused with others.  These and other risks are discussed in detail in the Company's filings with the Securities and Exchange Commission at www.sec.gov.  Actual results, performance, or achievements could differ materially from those expressed in, or implied by, the forward-looking statements.  The Company can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them does, what impact they will have on results of operations and financial condition.  The Company undertakes no obligation to update or revise forward-looking statements, which may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, except as required by applicable law.  For information about Dresser-Rand, go to its website at www.dresser-rand.com.

 

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