Kimball Electronics Releases 2024 Annual Sustainability Report
About the Report
Now in its sixth edition, the Report reflects how Kimball Electronics integrates sustainability into every area of its business, guided by its Guiding Principles: Customers, People, Citizenship, and Profits. For the 2024 reporting period, the company applied the principle of double materiality in alignment with the EU’s Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS)—which require the disclosure of measurable targets for all identified material ESG matters.
“At the heart of our strategy is a principle we live by: ‘Control What We Can Control.’ This mindset sharpens our ESG focus and reinforces the values embedded in our Guiding Principles,” said Richard Phillips, CEO. “I’m proud of how we continue to align our sustainability efforts with the needs of our stakeholders and the future of our business.”
Key Highlights
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Climate Action:
42% absolute reduction in Scope 1 and 2 GHG emissions since 2019; 2030 science-based targets set for Scopes 1, 2, and 3, with a commitment to net zero by 2050. -
Renewable Energy: Target for all locations to operate using
100% renewable electricity by 2030. -
Zero Waste: 2030 goal to divert over
90% of waste from landfill and reduce hazardous waste intensity by25% . - Equal Treatment & Opportunities for All: 2030 goal to ensure equal treatment and opportunities for all employees, supported by inclusive hiring, equitable pay, global training access, flexible work options, and a strong focus on employee wellbeing.
- Governance & Accountability: Executive compensation tied to achievement of sustainability goals and maintaining strong ESG ratings.
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Community Investment: Commitment to donate
1% of fiscal year adjusted net income annually. - Ongoing Progress: Continued efforts to strengthen responsible sourcing practices, enhance water stewardship, and maintain an excellent safety record through a global focus on prevention and continuous improvement.
Availability
The 2024 Guiding Principles Report, which serves as Kimball Electronics’ annual sustainability report, is available on the Kimball Electronics Sustainability webpage. The Report has been externally assured to validate the accuracy and integrity of the disclosed performance and targets.
About Kimball Electronics, Inc.
Kimball Electronics is a global, multifaceted manufacturer offering Electronics Manufacturing Services (EMS) and Contract Manufacturing Organization (CMO) solutions to customers around the world. From our operations in
To learn more about Kimball Electronics, visit: www.kimballelectronics.com.
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Mary Leah Siegel
Senior Director, Brand Marketing
812.634.4000
kemarketing@kimballelectronics.com
Source: Kimball Electronics, Inc.