nVent Named to Newsweek’s America’s Greenest Companies 2024

Rhea-AI Summary

nVent Electric plc has been recognized as one of America's Greenest Companies 2024 by Newsweek and Plant-A Insights Group. The rankings evaluate companies based on their greenhouse gas emissions, water usage, waste generation, and sustainability data disclosures and commitments. nVent has made significant progress in its sustainability program, reducing water consumption by 12% and waste generation by 14% in 2022 compared to the previous year. The company has also invested in on-site renewables projects and achieved a 7% reduction in CO2e emissions. nVent remains committed to ESG and continuous improvement.

Positive

• nVent Electric plc recognized as one of America's Greenest Companies 2024 by Newsweek and Plant-A Insights Group
• Significant reduction in water consumption and waste generation by 12% and 14% respectively in 2022
• Investment in on-site renewables projects
• 7% reduction in CO2e emissions

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• None.

LONDON--(BUSINESS WIRE)-- nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced that it was recognized in the inaugural ranking of America’s Greenest Companies 2024 by Newsweek and Plant-A Insights Group.

The rankings score companies in several parameters across four main categories: greenhouse gas emissions, water usage, waste generation, and sustainability data disclosures and commitments. nVent first publicly set its Environmental, Social and Governance (ESG) goals in 2020 and has taken significant strides in its sustainability program every year. nVent focuses its ESG efforts in three pillars: People, Products and Planet. Within the Planet pillar, nVent’s strategic actions aimed at driving responsible use of natural resources helped it reduce normalized water consumption by 12% and normalized waste generation by 14% in 2022 compared to 2021.

nVent also has invested in on-site renewables projects to drive sustainability at its sites around the globe and engages employees to identify and execute environmental improvement projects. These efforts helped drive a total reduction in CO2e emissions of 7% in 2022 compared to 2021.

“At nVent, we are building a more sustainable and electrified world. We are committed to ESG and continuous improvement,” said nVent Chair and CEO Beth Wozniak. “I’m proud of our employees and how we work together to find innovative ways to reduce our impact on the environment and think responsibly about our use of natural resources.”

“Newsweek, market-data research firm Plant-A Insights and GIST Impact are proud to introduce ‘America’s Greenest Companies 2024,’ highlighting companies that are committed to being good stewards of the environment. We hope this new project helps consumers identify the companies that—like many of us—are conscious of their impact on the environment and are working to protect the Earth and its resources,” said Nancy Cooper – Global Editor in Chief – Newsweek.

About nVent

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231024714347/en/

Stacey Wempen

Director, External Communications

nVent

+1 (763) 204-7857

Stacey.Wempen@nVent.com

Source: nVent

FAQ

What is nVent Electric plc recognized for?

nVent Electric plc has been recognized as one of America's Greenest Companies 2024 by Newsweek and Plant-A Insights Group.

What are the parameters used to evaluate the companies?

The rankings evaluate companies based on their greenhouse gas emissions, water usage, waste generation, and sustainability data disclosures and commitments.

What progress has nVent made in its sustainability program?

nVent has reduced water consumption by 12% and waste generation by 14% in 2022 compared to the previous year. The company has also invested in on-site renewables projects and achieved a 7% reduction in CO2e emissions.

What is nVent's focus in its ESG efforts?

nVent focuses its ESG efforts in three pillars: People, Products, and Planet.

What is nVent's commitment to ESG?

nVent remains committed to ESG and continuous improvement.