Emerson Releases 2023 Sustainability Report

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Emerson has released its 2023 Sustainability Report, emphasizing its commitment to net-zero operations and investments in employees and communities. The report highlights a 52% reduction in Scope 1 and 2 greenhouse gas emissions intensity since 2021, and that 49% of the electricity used by Emerson locations now comes from renewable sources.

The company surpassed its energy intensity reduction target, achieving a 41% reduction since 2018. Emerson was named the 2023 ENERGY STAR® Partner of the Year and maintained an A- score from the Carbon Disclosure Project (CDP).

Additionally, Emerson increased leadership representation for women globally and US minorities. The company was also named one of Forbes' 2023 World's Top Employers for Women.

Positive

• 52% reduction in Scope 1 and 2 greenhouse gas emissions intensity since 2021.
• 49% of electricity used by Emerson locations is sourced from renewables.
• 41% reduction in energy intensity since 2018, surpassing the 25% target.
• Named 2023 ENERGY STAR® Partner of the Year.
• Maintained an A- score from the Carbon Disclosure Project (CDP).
• Increased representation of women in leadership globally and US minorities.
• Named one of Forbes' 2023 World's Top Employers for Women.

Negative

• No negative business aspects or potential risks mentioned in the PR.

The report highlights company's progress toward net-zero operations, continued investment in employees and communities

ST. LOUIS, June 12, 2024 /PRNewswire/ -- Global technology and software company Emerson (NYSE: EMR) released its 2023 Sustainability Report today, highlighting the company's efforts to make the world healthier, safer, smarter and more sustainable.

"Sustainability is at the core of Emerson's mission and culture, guiding our innovation, operational execution and business strategies," said Emerson Chief Sustainability Officer Mike Train. "As a global automation leader, our innovative solutions are designed to enhance sustainability performance, not only within our operations but also for our customers globally. As we move forward, we remain committed to deploying impactful technologies that advance both our net zero ambitions and those of our customers, fostering a more sustainable future for all."

The report presents Emerson's commitment and approach to the company's environmental, social and governance (ESG) strategies and how they are connected to driving long-term value creation. Notable progress highlights include:

• Reduced Scope 1 and 2 greenhouse gas emissions intensity by 52% since 2021 and procured 49% of the electricity used by Emerson locations from renewable sources.
• Surpassed the energy intensity reduction target ahead of 2030, with a 41% reduction since 2018, exceeding the 25% reduction target.
• Earned the 2023 ENERGY STAR® Partner of the Year for energy management as the company drives measurable progress toward its net zero emissions targets.
• Maintained an A- score from the Carbon Disclosure Project (CDP) and was included in the CDP's Supplier Engagement Leaderboard for the second consecutive year.
• Increased representation in leadership for women globally and US minorities by two and four percentage points, respectively.
• Named a 2023 "World's Top Employers for Women" by Forbes.

To view the full report, please visit Emerson.com/ESG.

About Emerson 
Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the world's essential industries. Through its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. For more information, visit Emerson.com.

Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include the scope, duration and ultimate impacts of the Russia-Ukraine and other global conflicts, as well as economic and currency conditions, market demand, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, inflation, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC. The outlook contained herein represents the Company's expectation for its consolidated results, other than as noted herein.

Emerson uses our Investor Relations website, www.Emerson.com/investors, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts and social media. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

 

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SOURCE Emerson

FAQ

What are the key achievements mentioned in Emerson's 2023 Sustainability Report?

The report highlights a 52% reduction in Scope 1 and 2 greenhouse gas emissions intensity, 49% renewable electricity use, surpassing energy intensity reduction targets, and increased leadership diversity.

How has Emerson progressed towards its net-zero emissions targets?

Emerson has reduced its Scope 1 and 2 greenhouse gas emissions intensity by 52% since 2021 and sources 49% of its electricity from renewable sources.

What recognition has Emerson received for its sustainability efforts?

Emerson was named the 2023 ENERGY STAR® Partner of the Year and maintained an A- score from the Carbon Disclosure Project (CDP).

Has Emerson met its energy intensity reduction goals?

Yes, Emerson achieved a 41% reduction in energy intensity since 2018, surpassing its initial target of 25%.

How has Emerson improved diversity in leadership?

Emerson increased representation in leadership for women globally and US minorities by two and four percentage points, respectively.