Regal Rexnord Corporation Announces Publication Of Its Annual Sustainability Report
Regal Rexnord (NYSE: RRX) has published its annual Sustainability Report, highlighting progress towards its 2032 sustainability goals. The report emphasizes the company's focus on developing innovative products and sustainable solutions, creating a diverse workplace, and maintaining sound corporate governance.
Key achievements in 2023 include:
- 15.5% year-over-year reduction in absolute Scope 1 and 2 GHG emissions
- 10.2% decrease in GHG emission intensity
- Approximately 60% of products now make end users' applications more environmentally friendly
- High employee engagement, outperforming manufacturing norms by 5 points
The report also includes Scope 3 GHG emissions data for the first time. CEO Louis Pinkham emphasized the company's commitment to aligning innovation and sustainability initiatives with customer goals and Regal Rexnord Values.
Regal Rexnord (NYSE: RRX) ha pubblicato il suo rapporto annuale sulla sostenibilità, evidenziando i progressi verso i suoi obiettivi di sostenibilità per il 2032. Il rapporto sottolinea l'impegno dell'azienda nello sviluppo di prodotti innovativi e soluzioni sostenibili, nella creazione di un ambiente di lavoro diversificato e nel mantenimento di una buona governance aziendale.
I principali risultati nel 2023 includono:
- Riduzione del 15,5% delle emissioni di gas serra (GHG) assolute Scope 1 e 2 rispetto all'anno precedente
- Decremento del 10,2% dell'intensità delle emissioni di GHG
- Circa il 60% dei prodotti rende ora le applicazioni degli utenti finali più ecologiche
- Elevato coinvolgimento dei dipendenti, superando le norme del settore manifatturiero di 5 punti
Il rapporto include inoltre per la prima volta i dati sulle emissioni GHG Scope 3. Il CEO Louis Pinkham ha sottolineato l'impegno dell'azienda ad allineare l'innovazione e le iniziative sostenibili con gli obiettivi dei clienti e i valori di Regal Rexnord.
Regal Rexnord (NYSE: RRX) ha publicado su informe anual de sostenibilidad, resaltando el progreso hacia sus objetivos de sostenibilidad para 2032. El informe enfatiza el enfoque de la empresa en desarrollar productos innovadores y soluciones sostenibles, creando un lugar de trabajo diverso y manteniendo una buena gobernanza corporativa.
Los logros clave en 2023 incluyen:
- Reducción del 15.5% en las emisiones absolutas de gases de efecto invernadero (GHG) Scope 1 y 2 en comparación con el año anterior
- Disminución del 10.2% en la intensidad de emisiones de GHG
- Aproximadamente el 60% de los productos hace que las aplicaciones de los usuarios finales sean más ecológicas
- Alto nivel de compromiso de los empleados, superando las normas de fabricación en 5 puntos
El informe también incluye por primera vez datos sobre las emisiones de GHG Scope 3. El CEO Louis Pinkham destacó el compromiso de la empresa de alinear la innovación y las iniciativas de sostenibilidad con los objetivos de los clientes y los valores de Regal Rexnord.
레갈 렉스노드 (NYSE: RRX)는 2032년 지속 가능성 목표를 향한 진전을 강조하는 연례 지속 가능성 보고서를 발표했습니다. 이 보고서는 혁신적인 제품과 지속 가능한 솔루션 개발, 다양성 있는 직장 환경 조성, 건전한 기업 거버넌스 유지를 위한 회사의 집중을 강조합니다.
2023년 주요 성과는 다음과 같습니다:
- Scope 1 및 2 GHG 배출량의 연간 15.5% 감소
- GHG 배출 강도의 10.2% 감소
- 제품의 약 60%가 최종 사용자의 애플리케이션을 보다 환경 친화적으로 만듭니다
- 직원 참여도가 높아 제조 기준을 5포인트 초과함
이번 보고서에서는 처음으로 Scope 3 GHG 배출량 데이터도 포함되어 있습니다. CEO 루이 핑캄은 고객 목표와 레갈 렉스노드의 가치와 함께 혁신 및 지속 가능성 이니셔티브를 일치시킬 것에 대한 회사의 약속을 강조했습니다.
Regal Rexnord (NYSE: RRX) a publié son rapport annuel sur la durabilité, mettant en avant les progrès réalisés vers ses objectifs de durabilité pour 2032. Le rapport souligne l'engagement de l'entreprise à développer des produits innovants et des solutions durables, à créer un lieu de travail diversifié et à maintenir une bonne gouvernance d'entreprise.
Les réalisations clés en 2023 comprennent :
- Une réduction de 15,5 % des émissions de gaz à effet de serre (GES) absolues Scope 1 et 2 par rapport à l'année précédente
- Une diminution de 10,2 % de l'intensité des émissions de GES
- Environ 60 % des produits rendent désormais les applications des utilisateurs finaux plus respectueuses de l'environnement
- Un engagement élevé des employés, dépassant de 5 points les normes de fabrication
Le rapport inclut également pour la première fois des données sur les émissions de GES Scope 3. Le PDG Louis Pinkham a souligné l'engagement de l'entreprise à aligner l'innovation et les initiatives de durabilité sur les objectifs des clients et les valeurs de Regal Rexnord.
Regal Rexnord (NYSE: RRX) hat seinen jährlichen Nachhaltigkeitsbericht veröffentlicht, der Fortschritte in Richtung seiner Nachhaltigkeitsziele für 2032 hervorhebt. Der Bericht betont den Fokus des Unternehmens auf die Entwicklung innovativer Produkte und nachhaltiger Lösungen, die Schaffung eines vielfältigen Arbeitsplatzes und die Aufrechterhaltung einer soliden Unternehmensführung.
Die wichtigsten Errungenschaften im Jahr 2023 umfassen:
- Reduktion der absoluten Scope 1 und 2 Treibhausgasemissionen (GHG) um 15,5% im Jahresvergleich
- Rückgang der GHG-Emissionsintensität um 10,2%
- Etwa 60% der Produkte machen die Anwendungen der Endnutzer umweltfreundlicher
- Hohe Mitarbeiterbindung, die die Normen der Fertigungsindustrie um 5 Punkte übertrifft
Der Bericht enthält auch erstmals Daten zu Scope 3 GHG-Emissionen. CEO Louis Pinkham betonte das Engagement des Unternehmens, Innovation und Nachhaltigkeitsinitiativen mit den Zielen der Kunden und den Werten von Regal Rexnord in Einklang zu bringen.
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- Developing innovative products and sustainable solutions that customers value, while intentionally factoring environmental considerations into how they are designed and manufactured;
- Creating a diverse and inclusive workplace, where associates leverage their unique perspectives to foster innovation and drive success for customers, fellow associates, and shareholders; and
- Maintaining sound corporate governance policies and practices that are considered a cornerstone of effective risk management.
In 2023, the Company achieved two notable strategic milestones: (1) the acquisition of Altra Industrial Motion Corp., which extended its leadership in industrial power transmission and established it as a meaningful player in industrial automation; and (2) announcing the sale of its Industrial Systems business, which closed earlier in 2024, and has allowed Regal Rexnord to focus on its most valuable growth opportunities. These transactions marked the completion of a series of highly intentional actions to create a more durable and faster-growing portfolio. Consistent with an evolved portfolio, earlier this year the Company updated its business purpose:
We Create a Better Tomorrow with Sustainable Solutions that Power, Transmit & Control Motion
Helping its customers, its communities, and the planet by providing sustainable solutions remains core to how and why Regal Rexnord operates.
The report also shares progress towards the Company's goal of achieving carbon emission neutrality across Scope 1 and 2 greenhouse gas (GHG) emissions by 2032. In 2023, the Company achieved a
Regal Rexnord's CEO, Louis Pinkham, commented on strategic updates in the report: "Environmental, social and governance considerations remained critical to successfully executing various aspects of our growth strategy in 2023. Approximately
Mr. Pinkham continued, "Looking ahead, our strategic focus will continue to be on advancing innovation and sustainability initiatives that align with our Regal Rexnord Values, support our emission reduction targets, and help our customers meet their sustainability goals. I believe a key to our continued success is acknowledging that our customers' environmental and economic objectives tend to be intertwined, and this consideration also remains fundamental to our own growth strategy."
Regal Rexnord's annual sustainability report and accompanying disclosures demonstrate its progress around the world and provide key data and metrics prepared consistent with the Task Force on Climate-Related Financial Disclosure (TCFD), the Global Reporting Initiative (GRI), and the Sustainability Accounting Standards Board (SASB). The report covers the fiscal year that ended December 31, 2023, with reference to certain actions and developments during 2024. The current and prior sustainability reports are available here and on the Regal Rexnord investor relations website.
About Regal Rexnord
Regal Rexnord's 30,000 associates around the world help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools.
The Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.
Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord is headquartered in
Forward-Looking Statements
All statements in this new release, other than those relating to historical facts, including goals for and projections of future results, the expected execution and effect of our sustainability strategies and initiatives and the amounts and timing of their expected impact, constitute forward-looking statements that are based on management's expectations and beliefs concerning future events impacting the Regal Rexnord.
Many factors outside our control, including competitive pressures, evolving legal and regulatory requirements, and societal and market conditions globally and in the markets in which we do business, could cause actual results to vary. Issues identified as material for purposes of this release may not be considered material for SEC reporting purposes. There can be no assurance that these future events will occur as anticipated. Forward-looking statements speak only as of the date they were made, and we undertake no obligation to publicly update them. Please see Regal Rexnord's latest Annual Report on Form 10-K and subsequent SEC filings for a discussion of risk factors as they relate to forward-looking statements.
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SOURCE Regal Rexnord Corporation
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