MEI, a CPI brand, was founded by Mars, Inc. in response to the demand for better coin recognition technology for vending machines. Since that time, MEI has built on this technological heritage to sell products in the gaming, vending, soft drink, amusement, transportation, retail, and kiosk markets. MEI is part of the CPI family of brands. Visit CranePI.com for more information
Crane Payment Innovations
3222 Phoenixville Pike Ste 200, Malvern, PA 19355
CategoryEasitrax Soft Count
At Crane, the concepts of corporate citizenship and sustainability—where companies take responsibility not only for profits, but also for the impact their activities have on a variety of stakeholders—are the foundation upon which our Company was built. Every leadership conference, every investor presentation, and each new employee orientation session begins with a discussion about the ethical principles upon which our Company was founded, including honesty and fairness in dealings with customers, associates, and even competitors. While a focus on corporate citizenship has been a part of our culture since the Company’s founding, we implemented a more systematic approach to data collection, analysis, and reporting in 2019. In order to guide us in this process, and to better under- stand stakeholder expectations and best practices, we evaluated several frameworks and standards such as those published by the Institution for Shareholder Services (ISS), Sustainability Accounting Standards Board (SASB), the Task Force on Climate- Related Financial Disclosures (TCFD), and the Global Reporting Initiative (GRI). After careful consideration, we chose to take a unique approach that focuses on the elements that are most meaningful to us at Crane, drawing from certain recommendations of several groups rather than adhering to a single framework or following only one set of standards. While encouraged by the market’s move to develop a unified reporting standard through the International Sustainability Standards Board (ISSB), in the short term, we continue to conduct our internal analysis and disclosures in line with what we feel best addresses the interests and needs of our stakeholders. Crane also remains diligent about ensuring we are staying up-to-date on all market develop- ments and reporting regulations in the countries in which we operate. Our most recent focus has been on the potential require- ments under the United States Security and Exchange Commission’s proposal, the European Sustainability Reporting Standards, and the UK Climate-Related Financial Disclosures.