Earth Day 2024: Coherent Corp. Announces Milestones in its Sustainability Journey [Yahoo! Finance]
Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI)
Last coherent corp. 6.00% series a mandatory convertible preferred stock earnings: 2/10 04:05 pm
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Source: Yahoo! Finance
PITTSBURGH, April 23, 2024 (GLOBE NEWSWIRE) -- In support of Earth Day 2024, Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company is now obtaining approximately 70% of its global electricity needs from renewable energy sources. In total, this represents over 500 million kWh of renewable electricity per year, thereby avoiding more than 250,000 metric tons of CO emissions annually. Coherent has set as a top priority to reduce its carbon footprint across its global operations. In December 2023, the company announced a commitment to achieve net-zero Scope 1 and Scope 2 emissions by fiscal year 2040. Continuing to increase the use of renewable electricity is an important lever to achieve that commitment. “At Coherent, sustainability is an all-hands issue. We encourage -- in fact, we expect -- every one of our ~25,000 employees to participate and contribute to the Coherent Lean System through initiatives that attack waste i
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