Emerson to Spotlight Sustainability Progress at COP29
Rhea-AI Summary
Emerson (NYSE: EMR), a leader in industrial technology and automation solutions, will participate in COP29 in Baku, Azerbaijan. The company will showcase its innovations in energy management, emissions reduction, and decarbonization at the Climate Action's Sustainable Innovation Forum and the Hydrogen Transition Summit. Chief Sustainability Officer Mike Train will discuss the role of automation technologies in accelerating the energy transition. Emerson collaborates with both established companies and start-ups to advance sustainability goals. The company's focus areas include energy source decarbonization, emissions management, electrification, and circularity. Emerson achieved a 52% reduction in Scope 1 and 2 greenhouse gas emissions intensity since 2021 and sources 49% of its electricity from renewables, aiming for 100% by 2030. Attendees can visit Emerson at Stand 102 in the Climate Action Innovation Zone at the Baku Marriott Hotel Boulevard.
Positive
- None.
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, EMR gained 1.52%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Industrial technology leader will showcase innovations accelerating energy management, emissions reduction and decarbonization
Emerson partners with both established industrial companies and new-to-the-world start-ups to advance their commercialization and sustainability roadmaps. The company's technologies and services support four key areas: energy source decarbonization, energy and emissions management, electrification and grid system, and circularity and waste reduction.
"Achieving a sustainable transformation of the global economy by 2050 demands an unprecedented level of collective determination and cooperation among companies, governments and non-profits," said Train. "We must maintain the resolve to work through challenges and make progress, navigating the policy and economics of the transition, and attracting the next generation of talent to the field."
Train will speak during
- Sustainable Innovation Forum – Powering the Future: Rapid scaling of clean energy for stability and resilience, Wednesday, Nov. 13, 11:25 a.m. (local time)
- Hydrogen Transition Summit – Informed Policy Frameworks: The role of the private sector in supporting informed and ambitious policy, Friday, Nov. 15, 10 a.m. (local time)
Environmental sustainability is a business imperative for Emerson and its value chain partners – from suppliers and customers to employees and communities. In 2023, with a continued focus on energy efficiency and Scope 1 emission abatement strategies, Emerson achieved a Scope 1 and 2 greenhouse gas emissions intensity reduction of
For more information on Emerson's sustainability programs and initiatives, visit ESG Strategy & Progress | Emerson US.
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/emerson-to-spotlight-sustainability-progress-at-cop29-302300083.html
SOURCE Emerson