PrintWe not only operate in a global economy, but in an interconnected world of social, cultural and economic change.
Companies around the world are inextricably linked to these global issues. Understanding such links is not an intuitive process; it is important to identify and explore these connections and understand their nature and impact, and their relationship to our business. First and foremost, we must sustain our business. Social, environmental and economic issues that intersect our value chain present potential risks for our business. We must manage these risks. At the same time, we realize that by changing how we conduct business and earn profits, these same risks present unprecedented opportunities for enhanced competitiveness and growth.
Sustainability provides a framework for understanding emerging trends, viewing the world holistically and understanding how these emerging trends in society, technology and resources impact our business. By including our suppliers and clients across our value chain, and engaging our employees and the communities in which we operate, we can identify and provide solutions that create long-term stockholder value through sustainable processes, products and services that benefit society for the greater good.
Dresser-Rand exercises due diligence in managing risk. Decisions are based on the best information and advice available to us, but we also consider uncertainty and the lack of information or data. Although there is not a single formalized process, Dresser-Rand exercises a precautionary approach to risk management. Our Safety Program is an example of this approach, as are our efforts to develop products that address environmental concerns and climate change.
While there is much more to be done, we continue to make strides on our journey and are proud of our employees and their accomplishments. This is an exciting time as we undertake the challenges ahead. We encourage you to review our progress and provide us with feedback.