Grainger Launches Its 2021 Corporate Responsibility Report

Rhea-AI Summary

Grainger (NYSE: GWW) has released its 2021 Corporate Responsibility Report, marking the tenth consecutive year of publication. The report highlights the company's commitment to sustainability and ESG (environmental, social, governance) issues, emphasizing initiatives in diversity, energy efficiency, and emissions reduction. Notably, Grainger aims to cut its absolute scope 1 and 2 GHG emissions by 30% by 2030 from a 2018 baseline. The company reported a 37% decrease in emissions since 2011 and has increased diversity among its workforce, with women comprising 38.5% of employees by the end of 2020.

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• Grainger aims to reduce absolute scope 1 and 2 GHG emissions by 30% by 2030, building on a 37% reduction since 2011.
• Diversity in the workforce increased, with women making up 38.5% of the U.S. workforce and 34.1% of company leaders in 2020.

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• None.

CHICAGO, June 3, 2021 /PRNewswire/ -- Grainger (NYSE: GWW), the leading broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced the launch of its 2021 Corporate Responsibility Report on www.GraingerESG.com. This marks Grainger's 10th consecutive year of publishing this report, continuing the company's commitment to addressing key environmental, social and governance (ESG) issues and opportunities.

"If the events of this past year have taught us anything, it's that we are all in this together," said DG Macpherson, Grainger Chairman and CEO. "This mindset has driven our ESG approach since the beginning. We embrace our obligation to operate sustainably and with a long-term, fact-based view of critical issues regarding the environment, society at large and corporate governance. We are committed to being an attractive and sustainable employer, business partner and investment option."

Key to Grainger's ESG focus is its materiality assessment, which was updated this year. Customers, suppliers, investors, community partners and team members contributed to this assessment, which shows topics such as diversity, equity and inclusion; energy and emissions; and product quality among the top focus areas. This was an update to the company's inaugural assessment, which was first published in 2018.

Other report highlights include:

• New one-page corporate responsibility program overview
• ESG governance updates, including the Board's ESG oversight framework, and management's new ESG Leadership Council which is led by Macpherson
• Expanded diversity, equity and inclusion content and a feature on Grainger Board members sharing insights with team members 
• New recycling and zero waste updates 
• Overview of Grainger's COVID-19 response and safe return-to-work facility plan

The report also includes data and information on Grainger's greenhouse gas (GHG) emissions reduction target. In 2020, Grainger announced its commitment to reduce absolute scope 1 and 2 GHG emissions by 30 percent, by 2030, from its 2018 baseline. This target follows the guidelines set forth by the Science Based Targets Initiative and the Greenhouse Gas Protocol, and it helps Grainger align its internal actions with the goal of limiting global warming to well below 2 degrees Celsius, consistent with the Paris Agreement.

This latest target is a continuation of Grainger's prevailing efforts to reduce GHG emissions. In 2012, Grainger became the first industrial distributor to publicly disclose its carbon footprint. In 2013, the company became the first in its industry to set a public GHG emissions reduction target, which it achieved two years early. In fact, since 2011, Grainger has reduced its absolute scope 1 and scope 2 emissions by 37 percent.

In terms of diversity, this report shows that within Grainger's U.S. workforce at the end of 2020, approximately 38.5 percent were women and 34.1 percent of company leaders were women. This compares to 2019 workforce numbers, at which time 38.1 percent were women and 32.7 percent of company leaders were women. Further, at the end of 2020, the total U.S. workforce was 35.2 percent racially and ethnically diverse, which compares to 34.5 percent in 2019. Racially and ethnically diverse leaders increased to 23.3 percent in 2020, from 21.6 percent in 2019.

Grainger is a proud signatory to The Chicago Network Equity Principles, a campaign focused on advancing women leaders in the workplace to strive to achieve 50 percent representation of women in leadership positions by 2030.

To learn more about Grainger's Corporate Responsibility Report, visit www.GraingerESG.com.

To explore career opportunities at Grainger, visit https://jobs.grainger.com.

About Grainger
W.W. Grainger, Inc., with 2020 sales of $11.8 billion, is North America's leading broad line supplier of maintenance, repair and operating (MRO) products, with operations primarily in North America, Japan and Europe.

Safe Harbor Statement

All statements in this communication, other than those relating to historical facts, are "forward-looking statements"  which are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control and could cause actual results to differ materially from such statements. Important factors that could cause actual results to differ materially from those presented or implied in the forward-looking statements include: the unknown duration and impacts of the global outbreak of the coronavirus disease 2019; a major loss of customers; loss or disruption of sources of supply; failure to develop or implement new business Page | 3strategies; the company's responses to market pressures; the outcome of pending and future litigation or other proceedings; government contract matters; disruption of information technology or data security systems; general industry, economic, market or political conditions; general global economic conditions; facilities disruptions or shutdowns; natural and other catastrophes; loss of key members of management; and other factors that can be found in our filings with the Securities and Exchange Commission, including our most recent reports filed on Form 10-K and Form 10-Q, which are available on our Investor Relations website. Forward-looking statements are given only as of the date of this communication and we disclaim any obligation to update or revise them, except as required by law.

 

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SOURCE W.W. Grainger, Inc.

FAQ

What is the latest Corporate Responsibility Report from Grainger about?

Grainger's 2021 Corporate Responsibility Report emphasizes sustainability and ESG issues, including targets for reducing greenhouse gas emissions and improving workforce diversity.

What are Grainger's goals for emissions reduction?

Grainger aims to reduce its absolute scope 1 and 2 GHG emissions by 30% by 2030 from a 2018 baseline.

How has Grainger improved diversity in its workforce?

As of the end of 2020, 38.5% of Grainger's U.S. workforce were women, up from 38.1% in 2019.

What is the significance of Grainger's Corporate Responsibility Report?

The report is significant as it showcases Grainger's ongoing commitment to addressing key ESG issues and improving its sustainability practices.

How does Grainger's 2021 report compare to previous years?

This marks Grainger's 10th consecutive year of publishing a Corporate Responsibility Report, indicating a long-term commitment to sustainability.