Tecnoglass achieves carbon neutrality, reinforcing its commitment to sustainable practices

07.02.2024 – 07:00 am

Miami, FL, July 2, 2024 (GLOBE NEWSWIRE) — Tecnoglass, Inc. (NYSE: TGLS) (“Tecnoglass” or the “Company”), leading manufacturer of premium aluminum and vinyl windows and architectural glass for the global residential and commercial markets is proud to announce that its continued progress in its commitment to sustainability and carbon neutrality is reflected in the achievement of carbon neutrality by 2022 and 2023. This milestone underscores the company’s ongoing commitment to sustainability and its proactive efforts to reduce its environmental impact.

In 2023, Tecnoglass previously announced its goal to become a carbon neutral company, supported by significant investments in energy efficiency, through projects such as the modernization of generators and the implementation of cogeneration systems; which, despite the increase in production, amounted to a total greenhouse gas emissions across all ranges of 390,411 tCO2eq/year. These initiatives underline Tecnoglass’ unwavering commitment to reducing its carbon footprint and improving operational sustainability.

To offset its carbon footprint, Tecnoglass has voluntarily offset its Scope 1 and 2 emissions for 2022 and 2023 by acquiring carbon credits issued by two projects located in Colombia, certified by the Cercarbono program (Certified Carbon Standard). These projects have been carefully selected for their ability to reduce, eliminate or reduce greenhouse gas emissions, and their certifications are verified and validated by IQNet (International Certification Network) through its Colombian branch, ICONTEC.

“Our commitment to sustainability is a strategic priority for Tecnoglass,” said José Manuel Daes, CEO of Tecnoglass. “We recognize the importance of taking proactive steps to combat climate change and are proud to be at the forefront of sustainability efforts in our industry. As part of our Sustainability Roadmap, we have set ambitious science-based targets to further reduce our carbon footprint and promote sustainable practices across our value chain. This achievement is just one step in our long-term plan to drive positive change and contribute to a more sustainable future.”

Tecnoglass remains committed to implementing sustainable practices across its operations and supply chain, with the ultimate goal of becoming a net zero emissions company by 2050. The company will continue to invest in renewable energy projects, energy efficiency initiatives and the continuous improvement of its manufacturing processes to maintain its carbon neutral status and work towards its long-term sustainability goals.

About Tecnoglass

Tecnoglass Inc. is a leading manufacturer of high-performance aluminum and vinyl windows and architectural glass serving multifamily, single-family and commercial end markets. Tecnoglass is the second largest glass manufacturer serving the United States and the #1 architectural glass processor in Latin America. Located in Barranquilla, Colombia, the company’s 5.6 million square foot, vertically integrated, state-of-the-art manufacturing complex provides efficient access to nearly 1,000 customers in North, Central and South America, with the United States accounting for 95% of total revenue. Tecnoglass’s customized, high-end products can be found in some of the most iconic properties in the world, including One Thousand Museum (Miami), Paramount (Miami), Salesforce Tower (San Francisco), Via 57 West (NY), Hub50House (Boston), Aeropuerto Internacional El Dorado (Bogotá), One Plaza (Medellín), Pabellon de Cristal (Barranquilla). For more information, visit www.tecnoglass.com or watch our corporate video at https://vimeo.com/134429998.

Forward-looking statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial results, future growth and future acquisitions. These statements are based on Tecnoglass’s current expectations or beliefs and are subject to uncertainties and changes in circumstances. Actual results may differ materially from those expressed or implied by the statements contained herein due to changes in economic, business, competitive and/or regulatory factors and other risks and uncertainties affecting Tecnoglass’s business. These risks, uncertainties and contingencies are identified from time to time in Tecnoglass’s filings with the Securities and Exchange Commission. The information contained herein should be read in light of such risks. In addition, investors should note that Tecnoglass’s financial results in any period may not be indicative of future results. Tecnoglass has no obligation, and expressly disclaims, to update or revise its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise, unless required by law.

Investor Relations:
Santiago Giraldo
Chief Financial Officer
305-503-9062
[email protected]

Frequently asked questions

What milestones has Tecnoglass (TGLS) achieved in 2022 and 2023?

Tecnoglass (TGLS) has achieved carbon neutrality for 2022 and 2023.

How did Tecnoglass (TGLS) offset its carbon footprint?

Tecnoglass (TGLS) offsets its Scope 1 and 2 emissions by purchasing carbon credits from projects in Colombia certified by Cercarbono and validated by IQNet.

What were Tecnoglass’s (TGLS) total greenhouse gas emissions?

Tecnoglass (TGLS) total greenhouse gas emissions were 390,411 tCO2eq/year.

What is Tecnoglass’s (TGLS) long-term sustainability goal?

Tecnoglass (TGLS) aims to achieve net zero emissions by 2050.

What sustainability initiatives has Tecnoglass (TGLS) implemented?

Tecnoglass (TGLS) upgraded generators, implemented cogeneration systems and invested in energy efficiency projects to reduce its carbon footprint.