JBT Releases 2023 Environmental, Social, and Governance (ESG) Report

Rhea-AI Summary

JBT (NYSE: JBT), a global technology solutions provider for the food and beverage industry, has published its 2023 Environmental, Social, and Governance (ESG) Report titled “Fortify the Future of Food.”

The report highlights JBT's achievements in employee health and safety, fostering diversity and inclusion, and partnering with customers to enhance resource optimization. In 2023, over 70% of JBT’s product revenue came from equipment with environmental benefits, including the OmniBlu™ platform which combines machine learning and AI for production efficiency and sustainability.

JBT's workforce of over 5,100 employees is supported through a focus on Diversity, Equity, Inclusion, and Belonging (DEIB). The company reported an 11% reduction in Scope 1 and 2 emissions and a 12% reduction in water withdrawal. Additionally, more than 8.4 million pounds were diverted from landfills, achieving a 69% landfill diversion rate.

For more details on JBT’s ESG efforts, visit their website.

CHICAGO--(BUSINESS WIRE)-- JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today published its 2023 Environmental, Social, Governance (ESG) Report, “Fortify the Future of Food.” The report details key accomplishments resulting from JBT’s strategic focus on prioritizing employee health and safety, fostering a diverse and inclusive culture, and partnering with customers to optimize resources.

“Our world is ever-changing, and the demand for a resilient global food supply is greater than ever,” said Brian Deck, President and Chief Executive Officer. “At JBT, we recognize this urgent need. Our purpose is clear: ‘Fortify the Future of Food.’ By providing innovative customer solutions, we foster a more resilient, sustainable, and equitable food system. With our purpose-driven and dedicated workforce, we are committed to advancing our sustainability journey to achieve a better tomorrow.”

JBT’s annual ESG report is brought to life through its Elevate 2.0 strategy for technology-driven growth that focuses on innovating with impact and driving sustainable solutions through three key pillars:

• Customer Solutions: JBT collaborates with customers globally to optimize food and beverage production. In 2023, over 70% of JBT’s product revenue came from equipment with environmental benefits. JBT helps customers improve food quality and safety, reduce food and packaging waste, extend shelf life, decrease emissions, and increase yields. This includes JBT’s OmniBlu™ platform that combines best-in-class service, parts availability, and machine optimization, and leverages machine learning, predictive analytics, artificial intelligence and other digital tools to offer actionable insights for production efficiency and sustainability related data collection.
• People & Communities: JBT is dedicated to empowering its talented global workforce of over 5,100 employees and investing in a workplace focused on Diversity, Equity, Inclusion, and Belonging (DEIB). The company received recognition by a leading benchmarking publication for supporting women and promoting a diverse, inclusive culture. In addition to JBT’s Women’s Employee Network and Black Empowerment Support Team, the company introduced a new Employee Network Community (ENC) for military veterans. These ENC’s provide supportive spaces for underrepresented groups to share experiences, foster professional development, and contribute to an inclusive culture.
• Responsible Operations: JBT operates its facilities with a focus on optimizing energy, water, and resource use while maintaining strict safety standards for its workforce. Based on year-over-year global assessment of energy data collected from 36 sites as well as water data collected from 29 sites, JBT estimates that its efforts resulted in an 11% reduction of total Scope 1 and 2 emissions and a 12% reduction in water withdrawal, respectively, as compared to 2022. The company also diverted more than 8.4 million pounds from landfills and achieved a 69% landfill diversion rate across its global operations.

At its core, JBT is a purpose-driven organization that employees, customers, and other stakeholders value as a trusted partner to provide transformative solutions and service and conduct business in a way that is responsible and innovative. For more information about JBT’s ESG efforts, please visit https://www.jbtc.com/about-us/esg/.

About JBT

JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT designs, produces, and services sophisticated products and systems for a broad range of end markets, generating roughly one-half of its annual revenue from recurring parts, service, rebuilds, and leasing operations. JBT Corporation employs approximately 5,100 people worldwide and operates sales, service, manufacturing, and sourcing operations in more than 25 countries. For more information, please visit www.jbtc.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20240702564614/en/

Investors & Media:



Kedric Meredith

(312) 861-6034

kedric.meredith@jbtc.com



Marlee Spangler

(312) 861-5789

marlee.spangler@jbtc.com

Source: JBT Corporation

FAQ

What is the main focus of JBT's 2023 ESG Report?

The main focus of JBT's 2023 ESG Report is on employee health and safety, fostering diversity and inclusion, and partnering with customers to optimize resources for a more sustainable food system.

How much of JBT's product revenue in 2023 came from equipment with environmental benefits?

In 2023, over 70% of JBT’s product revenue came from equipment that offers environmental benefits.

What platform does JBT use to combine machine learning and AI for production efficiency?

JBT uses the OmniBlu™ platform to combine machine learning, predictive analytics, and AI for production efficiency and sustainability.

How many employees does JBT have?

JBT has a global workforce of over 5,100 employees.

What reductions in emissions and water withdrawal did JBT achieve in 2023?

JBT achieved an 11% reduction in Scope 1 and 2 emissions and a 12% reduction in water withdrawal in 2023 compared to the previous year.

What was JBT's landfill diversion rate in 2023?

JBT achieved a 69% landfill diversion rate in 2023, diverting more than 8.4 million pounds from landfills.