STOCK TITAN

Grainger Releases 2024 Environmental, Social and Governance (ESG) Report

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Grainger (NYSE: GWW), a leading distributor of maintenance, repair, and operating products, has released its 2024 Environmental, Social, and Governance (ESG) Report titled 'Focusing on What Matters—We Keep The World Working®'. The report covers the fiscal year ending December 31, 2023, and highlights Grainger's commitment to sustainability, diversity, equity, and workplace safety.

Key achievements include a 31% reduction in global absolute Scope 1 & Scope 2 emissions since 2018, surpassing their 2030 target of a 30% reduction. The company has now set a new goal to reduce these emissions by 50% by 2030. Grainger also emphasizes customer sustainability solutions, diversity solutions, and workplace safety, having conducted over 42,000 safety observations in 2023 alone.

The report also highlights Grainger’s efforts in fostering an inclusive culture through various Business Resource Groups and providing equitable career opportunities. For more details on Grainger's ESG initiatives, visit www.GraingerESG.com.

Positive
  • None.
Negative
  • None.

Report details how company continues "Focusing on What Matters"

CHICAGO, July 11, 2024 /PRNewswire/ -- Grainger (NYSE: GWW), a leading broad line distributor of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced the release of its 2024 Environmental, Social and Governance (ESG) Report, entitled "Focusing on What Matters—We Keep The World Working®" on www.GraingerESG.com.

"At Grainger, doing the right thing is critical to our ability to be good stewards for our people, our customers, our shareholders and the environment," said D.G. Macpherson, Chairman and CEO. "Whether supporting fulfilling careers and strengthening our inclusive culture for our team members, helping our customers achieve their sustainability goals or partnering in our communities to build a better future, we take our responsibility seriously to make the things that matter better."

The report, which covers the fiscal year that ended Dec. 31, 2023, highlights the ways Grainger's purpose-driven culture supports the company's five focus areas:

Customer Sustainability Solutions. Grainger's customers come from all industries, and each have unique needs in maintaining safe, sustainable and productive environments. Whether customers are looking to comply with safety regulations, increase their use of environmentally friendly products or better manage their resources, Grainger's curated offering of products and services is designed to help them achieve their individual goals.

Diversity Solutions. Grainger's Diversity Solutions help customers meet their diversity goals or requirements through a strategic combination of products, services and diversity expertise including a vetted network of diverse suppliers, resellers and service providers.

Energy and Emissions. Grainger is committed to environmental stewardship, operating its business and supply chain sustainably and mitigating its climate impact. Grainger has reduced its global absolute Scope 1 & Scope 2 emissions by 31% since 2018, achieving its previous 2030 target of 30% reduction seven years early. In 2023, the company updated its 2030 target to reduce Scope 1 & 2 emissions by 50% which it plans to achieve through investments including solar energy, life cycle replacements, hydrogen fuel cell technology and building management systems.

Diversity, Equity and Inclusion. Grainger works to provide an equitable culture so all team members can have fulfilling careers. From hiring and onboarding to training and development to the sponsorship of eight Business Resource Groups that support diverse perspectives, inclusive principles are built into Grainger's daily operations.

Workplace Safety. Grainger takes great pride in modeling its safety expertise in the workplace, integrating its Environmental, Health and Safety (EHS) program into all aspects of business operations, with priorities emphasizing safe people, processes, environments and product handling for operations worldwide. In 2023, Grainger conducted more than 42,000 safety observations in the U.S. and Canada to assess its workplace conditions and ensure alignment with its EHS priorities.

To learn more about Grainger's ESG initiatives and its 2023 highlights visit www.GraingerESG.com.

To find your way with Grainger and explore career opportunities, visit jobs.grainger.com.

About Grainger
W.W. Grainger, Inc., is a leading broad line distributor with operations primarily in North America, Japan and the United Kingdom. At Grainger, We Keep the World Working® by serving more than 4.5 million customers worldwide with products delivered through innovative technology and deep customer relationships. With 2023 sales of $16.5 billion, the Company operates two business models. In the High-Touch Solutions segment, Grainger offers approximately 2 million maintenance, repair and operating (MRO) products and services, including technical support and inventory management. In the Endless Assortment segment, Zoro.com offers customers access to more than 13 million products, and MonotaRO.com offers more than 22 million products. For more information, visit www.grainger.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/grainger-releases-2024-environmental-social-and-governance-esg-report-302195082.html

SOURCE W.W. Grainger, Inc.

FAQ

What are the key highlights of Grainger's 2024 ESG Report?

Grainger's 2024 ESG Report highlights a 31% reduction in global absolute Scope 1 & Scope 2 emissions since 2018, surpassing their 2030 target. They also emphasize customer sustainability, diversity solutions, and workplace safety.

How has Grainger reduced its emissions?

Grainger reduced its global absolute Scope 1 & Scope 2 emissions by 31% since 2018 through investments in solar energy, life cycle replacements, hydrogen fuel cell technology, and building management systems.

What are Grainger's new emission reduction targets?

Grainger has set a new target to reduce its global absolute Scope 1 & Scope 2 emissions by 50% by 2030.

What is Grainger's approach to workplace safety?

Grainger integrates its Environmental, Health and Safety (EHS) program into all business operations, emphasizing safe people, processes, environments, and product handling. They conducted over 42,000 safety observations in 2023.

How does Grainger support diversity and inclusion?

Grainger supports diversity and inclusion through its Diversity Solutions and Business Resource Groups that promote diverse perspectives. They provide equitable career opportunities and emphasize inclusive principles in their daily operations.

Where can I find more information about Grainger's ESG initiatives?

More information about Grainger's ESG initiatives can be found at www.GraingerESG.com.

W.W. Grainger, Inc.

NYSE:GWW

GWW Rankings

GWW Latest News

GWW Stock Data

52.67B
45.68M
6.21%
74.2%
3.24%
Industrial Distribution
Wholesale-durable Goods
Link
United States of America
LAKE FOREST