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Belden Releases First Set of Environmental, Social and Governance Data
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Belden Inc. (NYSE: BDC) has released its first-ever environmental, social, and governance (ESG) data, offering insights into its performance from 2019 to 2021. This tearsheet establishes a baseline for Belden's 2025 ESG goals following a 2021 materiality assessment that prioritized issues of significance to the company and its stakeholders. Key areas include emissions, energy management, diversity, and ethical practices. Belden aims to enhance its commitment to sustainable operations through these initiatives.
Positive
First reporting of ESG data establishes a baseline for 2025 goals.
Identified priorities align with stakeholder concerns, ensuring the business meets ethical and operational standards.
Commitment to sustainability can enhance brand reputation and attract environmentally-conscious clients.
Negative
None.
Data provides a baseline for 2025 goals announced in April 2022
ST. LOUIS, Mo.--(BUSINESS WIRE)--
Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, has announced its first reporting of environmental, social and governance (ESG) data in a newly released tearsheet. This data gives context to the company’s ESG goals and strategy, which were developed as a result of a 2021 materiality assessment to identify priorities important to Belden’s business and stakeholders.
“At this early stage in Belden’s ESG journey, we know how important it is to understand where we are in order to measure progress and achieve the goals we’ve communicated,” said Leah Tate, Senior Vice President, Human Resources. “Through this process, we’ve taken our 120-year reputation for responsible and ethical operations and formed it into a concrete strategy that will guide us into the future.”
Belden’s tearsheet outlines environmental, social and governance priorities, and includes selected data for 2019, 2020 and 2021. The data was compiled by Belden, with much of it being collected for the first time. The goal of the tearsheet is to provide an overview of the company’s recent performance and set a baseline for assessing progress toward the 2025 goals.
The priorities documented as the result of the materiality assessment include environmental issues such as emissions, energy, waste and raw materials management. Social priorities cover diversity, equity and inclusion, employee wellness and development and supply chain labor standards, while governance priorities point to data privacy, data security and ethical business practices.
“ESG is a key piece of Belden’s overall strategy,” said Roel Vestjens, President and CEO. “These efforts will positively impact Belden associates, enhance our care of the world around us, and continue our long-standing commitment to operating with the highest level of ethics and responsibility. From our ESG commitment to our shift to providing comprehensive solutions for our customers, many of which enable them to accomplish their own sustainability goals, there are many initiatives taking place which demonstrate the transformation driving the next chapter in Belden’s history. I’m so proud of all Belden associates who share the passion for bringing this to life.”
To download the tearsheet, or learn more about Belden’s 2025 ESG goals, please visit the Belden ESG website.
About Belden
Belden Inc. delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial and enterprise markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of data, audio and video needed for today's applications, Belden is at the center of the global transformation to a connected world. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North America, Europe, Africa and Asia. 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.
Belden Inc. aims to improve its environmental, social, and governance practices with comprehensive goals set for 2025, focusing on emissions, energy consumption, and diversity.
When was the ESG data released by Belden Inc.?
Belden Inc. released its ESG data in June 2022.
What are the key priorities identified in Belden's ESG assessment?
Key priorities include emissions, energy management, waste management, diversity and inclusion, and ethical business practices.
How does Belden's ESG strategy impact its stakeholders?
Belden's ESG strategy aims to address stakeholder concerns and enhance the company's overall ethical and operational standards.
Where can I find Belden Inc.'s ESG tearsheet?
Belden Inc.'s ESG tearsheet can be downloaded from the company's official ESG website.
