ITT Releases 2024 Sustainability Report; Demonstrates Continued Progress Towards Environmental and Social Targets While Continuing Best-in-Class Governance Practices
ITT has released its 2024 Sustainability Report, highlighting progress toward targets set in November 2022. The company achieved a 5% reduction in Scope 1 and 2 emissions compared to 2021, representing a 20% decrease on a revenue-weighted intensity basis. Revenue from electric and emissions-reducing products increased to 15% of total revenue, up 300 basis points from 2022, including the Svanehøj acquisition.
Key achievements include: 63% of global sites reporting zero safety incidents, a 3% increase in recycled materials compared to 2021, and a 58% increase in philanthropic spending. The company continues to focus on sustainable operations, innovative environmental technologies, and fostering workplace inclusivity while maintaining strong governance practices through Board refreshment.
ITT ha pubblicato il proprio Rapporto di Sostenibilità 2024, evidenziando i progressi verso gli obiettivi stabiliti nel novembre 2022. L'azienda ha raggiunto una riduzione del 5% delle emissioni di Scopo 1 e 2 rispetto al 2021, che rappresenta una diminuzione del 20% su base di intensità pesata dai ricavi. Il fatturato derivante da prodotti elettrici e a riduzione delle emissioni è aumentato al 15% del fatturato totale, in crescita di 300 punti base rispetto al 2022, inclusa l'acquisizione di Svanehøj.
I principali risultati includono: il 63% dei siti globali che segnalano zero incidenti di sicurezza, un aumento del 3% nei materiali riciclati rispetto al 2021 e un incremento del 58% nella spesa filantropica. L'azienda continua a concentrarsi su operazioni sostenibili, tecnologie ambientali innovative e promozione dell'inclusività sul posto di lavoro, mantenendo al contempo solide pratiche di governance attraverso il rinnovamento del Consiglio.
ITT ha publicado su Informe de Sostenibilidad 2024, destacando los avances hacia los objetivos establecidos en noviembre de 2022. La empresa logró una reducción del 5% en las emisiones de Alcance 1 y 2 en comparación con 2021, lo que representa una disminución del 20% en una base de intensidad ponderada por ingresos. Los ingresos por productos eléctricos y de reducción de emisiones aumentaron al 15% de los ingresos totales, un incremento de 300 puntos básicos respecto a 2022, incluida la adquisición de Svanehøj.
Los logros clave incluyen: el 63% de los sitios globales que informan cero incidentes de seguridad, un aumento del 3% en materiales reciclados en comparación con 2021, y un incremento del 58% en el gasto filantrópico. La empresa sigue centrada en operaciones sostenibles, tecnologías ambientales innovadoras y la promoción de la inclusión en el lugar de trabajo, manteniendo al mismo tiempo sólidas prácticas de gobernanza mediante la renovación del Consejo.
ITT는 2024 지속 가능성 보고서를 발표하며 2022년 11월에 설정한 목표에 대한 진행 상황을 강조했습니다. 회사는 2021년 대비 범위 1 및 2의 배출량을 5% 줄이는 성과를 달성하였고, 이는 수익 가중 강도로는 20% 감소한 것입니다. 전기 및 배출량 감소 제품으로 인한 수익은 전체 수익의 15%로 증가하였으며, 2022년에 비해 300bp 상승하였습니다. 이에는 Svanehøj 인수도 포함됩니다.
주요 성과로는: 63%의 글로벌 사이트들이 안전 사건을 제로화했으며, 2021년 대비 재활용 재료가 3% 증가했고, 자선 기부가 58% 증가한 점이 있습니다. 회사는 지속 가능한 운영, 혁신적인 환경 기술 및 포용적인 직장 환경 조성에 집중하고 있으며, 이사회 재구성을 통해 강력한 거버넌스 관행을 유지하고 있습니다.
ITT a publié son Rapport de Durabilité 2024, mettant en lumière les progrès réalisés vers les objectifs fixés en novembre 2022. L'entreprise a atteint une réduction de 5% des émissions de portée 1 et 2 par rapport à 2021, représentant une diminution de 20% sur une base d'intensité pondérée par les revenus. Les revenus provenant de produits électriques et réduisant les émissions ont augmenté pour atteindre 15% du chiffre d'affaires total, soit une hausse de 300 points de base par rapport à 2022, y compris l'acquisition de Svanehøj.
Les réalisations clés comprennent: 63% des sites mondiaux signalant zéro incident de sécurité, une augmentation de 3% des matériaux recyclés par rapport à 2021, et une augmentation de 58% des dépenses philanthropiques. L'entreprise continue de se concentrer sur des opérations durables, des technologies environnementales innovantes et la promotion de l'inclusivité sur le lieu de travail tout en maintenant des pratiques de gouvernance solides grâce au renouvellement du Conseil.
ITT hat den Nachhaltigkeitsbericht 2024 veröffentlicht, in dem die Fortschritte zu den im November 2022 festgelegten Zielen hervorgehoben werden. Das Unternehmen erreichte eine Reduzierung der Emissionen der Kategorien 1 und 2 um 5% im Vergleich zu 2021, was einer 20%igen Verringerung auf der Grundlage einer umsatzgewichteten Intensität entspricht. Die Einnahmen aus elektrischen und emissionsreduzierenden Produkten erhöhten sich auf 15% des Gesamtumsatzes, was einem Anstieg von 300 Basispunkten im Vergleich zu 2022 entspricht, einschließlich der Akquisition von Svanehøj.
Zu den wichtigsten Erfolgen gehören: 63% der globalen Standorte, die null Sicherheitsvorfälle melden, ein Anstieg von 3% bei recycelten Materialien im Vergleich zu 2021 und ein Anstieg von 58% bei philanthropischen Ausgaben. Das Unternehmen konzentriert sich weiterhin auf nachhaltige Betriebsabläufe, innovative Umwelttechnologien und die Förderung von Inklusivität am Arbeitsplatz, während es gleichzeitig starke Governance-Praktiken durch die Erneuerung des Vorstands aufrechterhält.
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“We firmly believe that a strong sustainability program entrenched in the company’s strategy enhances ITT’s resilience. We believed in the benefits of creating a more sustainable company for all our stakeholders when we set our long-term targets in 2022. And more than ever, we believe in it now. It makes strong business sense, and it is also simply the right thing to do,” said Luca Savi, Chief Executive Officer and President of ITT.
ITT’s sustainability targets include reducing Scope 1 and Scope 2 greenhouse gas (GHG) emissions by
ITT’s revenue from electric and emissions-reducing products rose to approximately
Other highlights from ITT’s 2024 Sustainability Report include:
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63% of all sites globally had zero recordable safety incidents -
Recycled material as a percentage of all material disposed increased
3% vs. 2021 -
Spend towards philanthropic activities increased
58% vs. 2021 - Continued Board of Directors refreshment to ensure alignment of core director skills and expertise to ITT’s long-term strategy with election of three new independent directors, all of which are sitting executives in public companies
“Whilst we are proud of our progress in 2023, we know we are just at the beginning of our sustainability journey. We are excited about the opportunities that lie ahead for ITT, including: the sustainable products we are delivering to support our customers now and in the future; the new green investments to reduce the energy intensity of our operations and eliminate waste; and, the inclusive workforce we are building through our early-career development programs to ensure we continue to attract top talent. We look forward to sharing more with you in the years to come,” concluded Savi.
About the 2024 ITT Sustainability Report
The report incorporates 2023 metrics for all global ITT locations. Several guidelines and measurement frameworks, including those provided by the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosure (TCFD) informed the scope of this report. For more information on ITT’s Sustainability progress, or to access reports from previous years, visit www.itt.com/sustainability.
About ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in
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View source version on businesswire.com: https://www.businesswire.com/news/home/20241112225688/en/
Media:
Phil Terrigno
+1 914-641-2143
phil.terrigno@itt.com
Investors:
Mark Macaluso
+1 914-641-2064
mark.macaluso@itt.com
Source: ITT Inc.
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