Belden Releases 2022 Environmental, Social and Governance Report

Rhea-AI Summary

Belden Inc. (NYSE: BDC) has announced the release of its first environmental, social, and governance (ESG) report, showcasing significant advancements towards its 2025 ESG goals, initially set in April 2022. The report indicates that many initiatives, including unconscious bias training and participation in wellness programs, are ahead of schedule, while others like waste diversion and greenhouse gas emissions are on track.

Belden emphasized its commitment to responsible business practices, citing partnerships like the UN Global Compact and the CEO Action for Diversity and Inclusion. The leadership highlighted the importance of ESG as integral to the company’s strategy and its positive impact on communities.

Positive

• Initiatives related to unconscious bias training and wellness program participation are ahead of schedule.
• Partnerships with organizations like the UN Global Compact enhance community perspectives in ESG work.
• Progress in renewable energy and waste reduction initiatives is evident.

Negative

• None.

Communication details the first-year progress made toward the company’s 2025 goals

ST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a leading global supplier of digitization and network infrastructure solutions, has released its first environmental, social and governance (ESG) report. This comprehensive overview details the status of the work that’s underway, indicating that Belden is on track with its progress toward the 2025 ESG goals the company announced in April 2022.

(Graphic: Business Wire)

“Belden’s ESG program is an intentional part of our strategy because we care about the greater impact Belden has on the world, our team and the communities where we operate,” said Leah Tate, Senior Vice President of Human Resources. “We’ve had a longstanding reputation for doing business in a responsible and ethical manner, and it’s exciting and fulfilling to see our advancement in all areas of ESG. This process also helps us to uncover opportunities for improvement, while celebrating the amazing work of the teams who are creating innovative programs and solutions to support it. Every Belden employee contributes to helping us meet our goals, and I couldn’t be more proud of the team for their commitment to this work.”

The 2022 ESG Report restates Belden’s 2025 ESG goals and provides a narrative detailing the initiatives underway. A full chart of data is included in the report, as well as a tracker showing the measurable progress toward goals in each area. Specifically, goals related to delivery of unconscious bias training, graduations from Belden’s internship and early career leadership program, participation in company wellness programs, and responsible supply chain sourcing are reported to be ahead of schedule. Other goals, such as greenhouse gas emissions, waste diversion, use of recyclable and reusable materials in packaging, filling positions with talent developed from within, and 100% code of conduct understanding are shown to be on track for achievement by 2025.

The report also includes information regarding global organizations and initiatives that Belden has joined over the last year which align with the company’s goals and values while allowing for a broader community of perspectives in the company’s ESG work. This includes Belden’s recommitment to the UN Global Compact, the CEO Action for Diversity and Inclusion, the Responsible Business Alliance and the United Nations Caring for Climate Pledge.

“The ideals of ESG have always been important to Belden, which is why so many in the organization have embraced our goals and driven the progress we’re announcing in our first ESG report,” said Ashish Chand, President and CEO. “I’ve seen examples around the world, and in facilities of all sizes where we’re making great strides in renewable energy, reducing waste in our packaging, and welcoming employees to events to support their wellbeing. We’re building great talent and promoting from within, nurturing the next generation of leaders, and operating according to the highest ethics and standards. We’ll continue to learn from our experiences and reach the goals we’ve set out to accomplish due to the hard work and dedication of Belden teams everywhere.”

To download the report, or learn more about Belden’s 2025 ESG goals, please visit the Belden ESG website.

Belden Inc. delivers the infrastructure that makes the digital journey simpler, smarter and secure. We’re moving beyond connectivity, from what we make to what we make possible through a performance-driven portfolio, forward-thinking expertise and purpose-built solutions. With a legacy of quality and reliability spanning 120-plus years, we have a strong foundation to continue building the future. We are headquartered in St. Louis and have manufacturing capabilities in North America, Europe, Asia, and Africa. For more information, visit us at www.belden.com; follow us on Facebook, LinkedIn and Twitter.

Belden and the Belden logo are trademarks or registered trademarks of Belden Inc. or its affiliated companies in the United States and other jurisdictions. Belden and other parties may also have trademark rights in other terms used herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230424005163/en/

Katie Babbitt

Senior Director, Corporate Communications

463-248-8441

Katie.Babbitt@belden.com

Source: Belden Inc

FAQ

What are Belden's 2025 ESG goals as detailed in the recent report?

Belden's 2025 ESG goals include unconscious bias training, waste reduction, greenhouse gas emissions management, and promoting employee wellness.

When was Belden's first ESG report released?

Belden released its first ESG report detailing progress towards its goals on April 24, 2023.

How is Belden measuring progress towards its ESG goals?

Belden includes a tracker in its ESG report that shows measurable progress in various areas, including responsible supply chain sourcing and employee engagement.

Which global organizations has Belden joined to support its ESG initiatives?

Belden has joined the UN Global Compact, CEO Action for Diversity and Inclusion, and the Responsible Business Alliance.

What is the significance of Belden's ESG report for investors?

The ESG report highlights Belden's commitment to sustainable practices, potentially enhancing its reputation and supporting long-term growth, which is favorable for investors.