Eaton Showcases Substantial Progress on 2030 Sustainability Goals, on Track to Meet Several Targets Ahead of Schedule
30 Giugno 2023 - 7:06PM
Business Wire
- Company reduces GHG emissions by 27% since 2018, equivalent
to the emissions nearly 60,000 gasoline-fueled cars generate in a
year
- Reports 71% of 2022 net sales are from sustainable
solutions
- Invests $900 million in research and development for
sustainable solutions since 2020
- Achieves 75% of waste target and accelerates water target
progress
Intelligent power management company Eaton (NYSE:ETN) released
its 2022 Sustainability Report today. The report features the
company’s substantial progress toward its 2030 sustainability
goals.
Eaton’s 2022 report showcases more transparency and reporting
rigor than ever before, including the company’s forward-thinking
approach to climate-related risks and opportunities, through its
Task Force on Climate-related Financial Disclosures (TCFD) section,
embedded directly into the report.
The report shows that Eaton is ahead or on pace to meet several
of its targets, including:
- Carbon emissions: Reduced GHG emissions by 27% in its
operations since 2018 through increased energy efficiency, energy
conservation, and shifts to renewable energy.
- Sustainable solutions: Solutions that enable
electrification, energy transition, electric grid resilience,
increase efficiency in ground and air transportation or improve air
quality represented 71% of the company’s net sales in 2022, up from
65% in 2021.
- Sustainable investments: Invested $900 million in
research and development for sustainable solutions since 2020, up
from $528 million in 2021.
- Water: Certified 8% of manufacturing sites as zero water
discharge, focusing on sites in water-stressed areas.
- Waste: Certified 75% of manufacturing sites as zero
waste to landfill, moving the company closer to its goal to certify
100% by 2030.
- Employee development: Met company employee training
hours goal.
Full results can be seen on the company’s 2022 Sustainability
Dashboard.
“At Eaton, we embrace the tremendous responsibility we have to
act now to address climate change,” said Craig Arnold, chairman and
chief executive officer, Eaton. “We continue to push forward in our
journey to pursue our bold environmental, social and governance
goals—and we’re making significant progress.”
“Our 2022 Sustainability Report describes in more detail than
ever how we’re helping the world decarbonize electricity and
optimize energy usage,” said Harold Jones, chief sustainability
officer and executive vice president, Eaton Business System, Eaton.
“It’s critical we keep our momentum strong to reach our targets and
make good on our mission to improve the quality of life and the
environment.”
Eaton is an intelligent power management company dedicated to
improving the quality of life and protecting the environment for
people everywhere. We are guided by our commitment to do business
right, operate sustainably, and help our customers manage power ─
today and well into the future. By capitalizing on the global
growth trends of electrification and digitalization, we’re
accelerating the planet’s transition to renewable energy, helping
solve the world’s most urgent power management challenges, and
doing what’s best for our stakeholders and society.
Founded in 1911, Eaton is marking its 100th anniversary of being
listed on the New York Stock Exchange. We reported revenues of
$20.8 billion in 2022 and serve customers in more than 170
countries. For more information, visit www.eaton.com. Follow us on
Twitter and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20230630964781/en/
Margaret Hagan +1 (440) 523-4343 MargaretHagan@Eaton.com
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