Nordson Publishes Its 2024 Environmental, Social and Governance Update, Highlights Progress on Environmental Footprint Reduction

Rhea-AI Summary

Nordson (NDSN) has released its 2024 Environmental, Social and Governance (ESG) Update, highlighting progress toward climate targets and ESG initiatives. The company reports advances in emissions reduction and clean energy goals, implementing operational efficiency projects and solar generation installations globally. Key developments include increased renewable energy purchasing, investment in carbon offsets, and expansion of employee development programs. The company has enhanced workplace safety measures, broadened volunteer opportunities, and donated over $13.7 million to charitable organizations. Nordson continues to focus on technology solutions for environmental and social markets, including electric vehicles, batteries, solar, and medical devices.

Positive

• Expansion into healthcare sector through Atrion acquisition
• Investment in operational efficiency and renewable energy projects
• $13.7 million in charitable donations
• Diversification into growing environmental and social end-markets

Negative

• None.

WESTLAKE, Ohio--(BUSINESS WIRE)-- Nordson Corporation (Nasdaq: NDSN) today published its 2024 Environmental, Social and Governance (ESG) Update, which includes highlights and updates about the Company’s progress toward its climate targets and ESG initiatives, reflecting the ongoing implementation, maturity and refinement of its ESG-related strategies.

“I am pleased to report steady progress toward our emissions reduction and clean energy targets. We continue to implement our strategy, scale it across the organization and intentionally develop our culture,” said Sundaram Nagarajan, president and chief executive officer. “In addition to our environmental efforts, we continue to invest in our employees and enhance our culture through talent development, mental health support, workplace safety and strategies to support a diverse and inclusive workplace. We take a disciplined approach to our investments and initiatives, focusing on those that we expect to add value to our organization, such as increasing operational capability, resiliency or efficiency, achieving positive financial returns, or enhancing employee engagement and retention.”

Other highlights from the 2024 ESG Update include:

• Continuing execution of the Company’s climate strategy, including implementation of operational efficiency projects, completion or advancement of several onsite solar generation projects across the globe, increased purchasing of renewable energy and investment in third-party certified, nature-based carbon offsets.
• Maintaining our longstanding value proposition to deliver technology solutions that drive resource and cost efficiency due to higher precision, improved yields, long-term durability and innovative capabilities. We build on that foundation by targeting growing opportunities in environmental and social end-markets, ranging from electric vehicles, batteries and solar to medical devices and components, precision agricultural applications and everyday personal care and hygiene products. Our recent acquisition of Atrion Corporation deepens our connection to the healthcare and medical device industry.
• Supporting the career advancement of Nordson employees through leadership development programs that address different stages and areas of their careers. These efforts also support our talent pipeline as the company continues to grow.
• Prioritizing the safety of Nordson employees through the launch of an updated and enhanced global environmental, health and safety (EHS) training module, continued expansion of our Safety Observation Program, introduction of a new incident management and material safety database, and improved communication channels for health and safety guidance and information.
• Broadening the scope of eligible events for U.S. employees to use their volunteer paid time off, in addition to continued support for a range of employee volunteer efforts around the globe. Together with the Nordson Corporation Foundation, we donated more than $13.7 million to nonprofit and charitable organizations last year.
• Onboarding two new members of the Board of Directors, Annette Clayton and Christopher L. Mapes, who enhance our collective expertise in the industrial and technology sectors, sustainability, renewable energy, cybersecurity and other important disciplines.

To view the Company’s 2024 ESG Update and full 2023 ESG Report, visit Nordson’s Corporate Responsibility and Sustainability webpage.

About Nordson

Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serves global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio, the Company has operations and support offices in over 35 countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241125849799/en/

Lara Mahoney

Vice President, Investor Relations & Corporate Communications

440.204.9985

Lara.mahoney@nordson.com

Source: Nordson Corporation

FAQ

What progress has Nordson (NDSN) made in its ESG initiatives in 2024?

Nordson has made progress in emissions reduction, implemented operational efficiency projects, completed several solar generation projects globally, increased renewable energy purchasing, and invested in carbon offsets.

How much did Nordson (NDSN) donate to charitable organizations in their latest report?

Nordson, together with the Nordson Foundation, donated more than $13.7 million to nonprofit and charitable organizations.

What new markets is Nordson (NDSN) targeting according to their 2024 ESG Update?

Nordson is targeting growing opportunities in environmental and social end-markets, including electric vehicles, batteries, solar, medical devices, precision agricultural applications, and personal care products.