Eaton Named to FTSE4Good Index Series

Rhea-AI Summary

Eaton, a power management company, has been included in the FTSE4Good Index Series for the fifth consecutive year. This index evaluates companies based on their environmental, social, and governance (ESG) practices, serving as a benchmark for responsible investments. Senior VP Yan Jin emphasized Eaton's dedication to sustainability and ESG initiatives aimed at enhancing stakeholder quality of life. In 2020, Eaton generated revenues of $17.9 billion and operates in over 175 countries with approximately 85,000 employees.

Positive

• Inclusion in the FTSE4Good Index for five consecutive years highlights Eaton's strong ESG practices.
• Demonstrated commitment to sustainability, improving stakeholder quality of life.

Negative

• None.

Power management company Eaton (NYSE:ETN) today announced it has been selected for inclusion in the FTSE4Good Index Series for the fifth consecutive year.

The FTSE4Good Index Series was created by the global index and data provider FTSE Russell and is designed to measure the performance of companies demonstrating strong environmental, social and governance (ESG) practices. The FTSE4Good indexes are used by investors to create and assess responsible investment funds and other products.

“We’re honored to be included in the FTSE4Good Index Series for the fifth year running,” said Yan Jin, senior vice president, Investor Relations, Eaton. “At Eaton, we’re committed to protecting our planet and improving the quality of life for our stakeholders and communities. That’s why we’ve been at the forefront of ESG practices—creating sustainable solutions, reducing our environmental footprint, engaging our people, and doing business right.”

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 85,000 employees. For more information, visit www.eaton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210806005042/en/

FAQ

What does the inclusion in the FTSE4Good Index Series mean for ETN?

Inclusion signifies Eaton's commitment to strong environmental, social, and governance (ESG) practices, which appeals to responsible investors.

How has Eaton performed financially in recent years?

Eaton reported revenues of $17.9 billion in 2020, indicating significant business scale.

What initiatives is Eaton involved in regarding sustainability?

Eaton focuses on creating sustainable solutions, reducing environmental impact, and engaging stakeholders in ESG practices.

How many countries does Eaton operate in?

Eaton conducts business in over 175 countries worldwide.

What is Eaton's mission?

Eaton's mission is to improve quality of life and the environment through power management technologies and services.