Itron Publishes 2023 Corporate Sustainability Report
Itron has released its 2023 Corporate Sustainability Report, detailing significant achievements in reducing carbon emissions and enhancing customer resourcefulness. The company surpassed its goal to cut owned carbon emissions by 50% five years ahead of schedule, achieving this milestone in 2023. Key highlights include enabling customers to avoid 6.8 million metric tons of greenhouse gas emissions through advanced grid edge intelligence and smart city solutions. Itron also achieved 88% ISO 14001 certification across its manufacturing facilities, showcasing its commitment to environmental management. The report underscores the company's focus on integrity, with a diverse board composition and recognition for fostering an inclusive workplace. Itron's emphasis on sustainability, ethical business practices, and community support is evident in its comprehensive 2023 strategy.
- Exceeded carbon emission reduction target by 50% in 2023, five years ahead of schedule.
- Enabled customers to avoid 6.8 million metric tons of greenhouse gas emissions in 2023.
- 88% of manufacturing facilities achieved ISO 14001 certification by the end of 2023.
- Recognized by Newsweek as one of America's Greatest Workplaces and for Diversity.
- Lowest recordable and lost time rates in the company's history.
- No negative aspects were reported in the press release; however, investors should consider the general risks involved in sustainability goals, such as potential future costs or regulatory changes.
2023 Report Highlights Itron’s Progress on Sustainability Initiatives, Reduction of Carbon Emissions and Customer Resourcefulness
LIBERTY LAKE, Wash., June 05, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), who is innovating new ways for utilities and cities to manage energy and water, published its 2023 Corporate Sustainability Report. The report details Itron’s commitment to create a more resourceful world by helping utilities and cities achieve their sustainability goals, improve their environmental footprint, and shares the company’s progress on advancing its own sustainability initiatives.
“At Itron, doing the right thing is more than a corporate objective; it is a fundamental principle that guides our actions. We are proud to have achieved our initial goal of reducing our owned carbon emissions by
Itron’s sustainability strategy is centered around four pillars that allow the company to execute its sustainability priorities across a range of diverse and evolving opportunities, with the aim of ultimately achieving its goals and commitments to stakeholders.
Key areas of progress highlighted in the 2023 Corporate Sustainability Report include:
- Providing Sustainable Solutions: Itron’s advanced grid edge intelligence and smart city solutions have significantly reduced customer emissions and improved quality of service. In 2023 alone, these technologies enabled Itron's customers to avoid at least 6.8 million metric tons of greenhouse gas emissions. The solutions also enhance consumer engagement through dynamic energy-saving programs such as demand response and time-of-use rates.
- Improving Our Environmental Impact: Achieving significant reductions in environmental impact, Itron has exceeded its emission reduction targets, and advanced its operational sustainability. By the end of 2023,
88% of Itron’s manufacturing facilities achieved ISO 14001 certification, demonstrating the company's dedication to responsible environmental management, and combating the risks posed by climate disruption. - Operating With Integrity: Upholding high standards of corporate governance, Itron's board maintains a composition of
33% female and89% independent directors, reinforcing its commitment to ethical business practices and diverse leadership. - Supporting Our People and Communities: Itron was recognized for its commitment to cultivating an inclusive and thriving workplace and was among Newsweek's America's Greatest Workplaces and Greatest Workplaces for Diversity. Itron also advanced its ongoing efforts to maintain a safe work environment, which resulted in the lowest recordable and lost time rates in Itron's history.
Itron also conducted an organization-wide priority assessment of the company’s sustainability topics to identify and prioritize the most critical issues. Itron will use the results of this assessment to inform and shape its sustainability strategy, pillars and disclosures, ensuring that the company's efforts and resources are focused on the sustainability issues that matter most to its stakeholders and align with industry best practices.
The 2023 Corporate Sustainability Report can be downloaded at: itron.com/esg.
About Itron
Itron is a proven global leader in energy, water, smart city, IIoT and intelligent infrastructure services. For utilities, cities and society, we build innovative systems, create new efficiencies, connect communities, encourage conservation and increase resourcefulness. By safeguarding our invaluable natural resources today and tomorrow, we improve the quality of life for people around the world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners, and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Additional Resources
- LinkedIn: https://www.linkedin.com/company/itroninc/
- X: https://twitter.com/ItronInc
- Newsroom: www.itron.com/company/newsroom
- Blog: https://blogs.itron.com
Contact
Alison Mallahan
Senior Manager, Corporate Communications
(509) 891-3802
PR@itron.com
Paul Vincent
Vice President, Investor Relations
512-560-1172
Investors@itron.com
FAQ
What are the key achievements mentioned in Itron's 2023 Corporate Sustainability Report?
How did Itron reduce its owned carbon emissions in 2023?
What impact did Itron's solutions have on customer emissions in 2023?
What percentage of Itron's manufacturing facilities achieved ISO 14001 certification?
What recognitions did Itron receive for its workplace environment in 2023?
