Littelfuse Releases 2023 Sustainability Report

Rhea-AI Summary

Littelfuse (NASDAQ: LFUS) has released its fourth annual Sustainability Report, highlighting significant strides in environmental, social, and governance (ESG) efforts. Notable achievements include a 24% reduction in GHG intensity since 2019, 46% of manufacturing sites utilizing renewable energy, and a 37% increase in water recycling.

On the social front, Littelfuse reported a 22.5% representation of females in leadership roles, a 3-year consecutive reduction in hazardous waste, and zero workplace injuries across three sites. Governance highlights include the launch of a Local Ethics Ambassadors program at 28 major sites and 30,200 hours of ethics training.

CEO Dave Heinzmann emphasized the company's commitment to integrating sustainability into its business strategy, aiming for lasting value for all stakeholders. The full report is available on the company's website.

Underscores company’s unwavering commitment to environmental responsibility, social progress, and ethical governance (ESG).

CHICAGO--(BUSINESS WIRE)-- Littelfuse, Inc. (NASDAQ: LFUS), a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, is proud to announce the release of our fourth annual Sustainability Report. At Littelfuse, we believe that every employee, customer, and partner has the potential to drive positive change – environmentally, socially, and ethically. Together, we’re shaping a future defined by sustainable choices and conscientious actions.

Littelfuse 2023 Sustainability Report: This report provides a comprehensive overview of our sustainability initiatives, strategies, and their impact—a testament to our enduring commitment to transparency, accountability, and continuous improvement. (Photo: Business Wire)

“Sustainability isn’t just a concept for us; it’s integrated into our business strategy, processes, and daily actions,” said Dave Heinzmann, Littelfuse President and Chief Executive Officer. “We are pleased to share our latest report, which reflects on the progress we have made over the last year. Our dedication goes beyond just meeting targets—it’s about creating lasting value for our communities, customers, partners, and planet.”

Littelfuse strategic focus on developing and launching products that enable customers’ sustainability efforts is at the heart of our purpose. By equipping our customers with innovative offerings, we empower them to deliver more sustainable solutions that help to drive broader environmental progress throughout the industries we serve.

Highlights from the 2023 Sustainability Report:

Environmental

• 24% reduction in GHG intensity since 2019
• 46% of our manufacturing sites utilize renewable energy
• Established site-level annual GHG and water targets
• 37% increase in water recycling
• 3-year consecutive reduction in hazardous waste

Social

• 22.5% females in leadership, an increase of 1.5% from the prior year
• Enhanced leadership training and coaching program
• 3 sites maintained zero workplace injuries for 3+ consecutive years
• 805 critical suppliers screened for ESG risk
• 91% of employees agree their manager sets a good example for ethical behavior

Governance

• Local Ethics Ambassadors program launched at 28 largest locations
• 30,200 hours of ethics and compliance training
• Gold rating from EcoVadis (94^th percentile)
• Obtained third-party verified GHG data
• Enhanced workplace investigation program and training

“I am excited by the efforts of our global team to prioritize our Sustainability initiatives through creativity and innovation as we focus on continuous improvement and find new ways to integrate our sustainability objectives into our business,” said Rebekah Mihm, Littelfuse Global Ethics, Compliance, and Sustainability Senior Manager. “We invite everyone to join us in driving progress on our sustainability journey.”

To learn more about Littelfuse ESG initiatives, visit our environmental, social, and governance webpage. The 2023 Littelfuse Sustainability Report is available for download here.

About Littelfuse

Littelfuse, Inc. (NASDAQ: LFUS) is a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world. Across more than 20 countries, and with approximately 17,000 global associates, we partner with customers to design and deliver innovative, reliable solutions. Serving over 100,000 end customers, our products are found in a variety of industrial, transportation, and electronics end markets–everywhere, every day. Learn more at Littelfuse.com.

LFUS-G

View source version on businesswire.com: https://www.businesswire.com/news/home/20240626457489/en/

Emily Davis

+1 224-453-8259

media@littelfuse.com

Source: Littelfuse, Inc.

FAQ

What are the key highlights of Littelfuse's 2023 Sustainability Report?

Key highlights include a 24% reduction in GHG intensity since 2019, 46% of manufacturing sites using renewable energy, and a 37% increase in water recycling.

How has Littelfuse performed in terms of social sustainability in the 2023 report?

Littelfuse reported a 22.5% representation of females in leadership roles, maintained zero workplace injuries at three sites, and enhanced leadership training programs.

What governance initiatives were highlighted in Littelfuse's 2023 Sustainability Report?

Governance initiatives include the launch of a Local Ethics Ambassadors program at 28 major sites and 30,200 hours of ethics and compliance training.

When was Littelfuse's 2023 Sustainability Report released?

The 2023 Sustainability Report was released by Littelfuse in June 2023.

What environmental achievements did Littelfuse report in 2023?

Achievements include a 24% reduction in GHG intensity since 2019, 46% of manufacturing sites utilizing renewable energy, and a 3-year consecutive reduction in hazardous waste.