Vontier Named to TIME's World's Most Sustainable Companies 2024 List

Rhea-AI Summary

Vontier (NYSE: VNT) has been named to TIME's inaugural World's Most Sustainable Companies 2024 list. Out of thousands of eligible companies, only 500 were selected, with less than 25% headquartered in the U.S. Vontier's recognition is based on its CDP score and alignment with GRI and SASB, among other metrics. Key sustainability achievements include a Total Recordable Incident Rate (TRIR) of .36, a 36% year-over-year reduction, and early achievement of its 2026 DART goal with a rate of .21, a 47% reduction. The company also reported a 20% year-over-year reduction in Scope 1 and 2 GHG emissions and increased representation of women and racial minorities in leadership roles.

Positive

• Vontier was named to TIME's World's Most Sustainable Companies 2024 list.
• Achieved 36% reduction in Total Recordable Incident Rate (TRIR).
• Early achievement of 2026 DART goal with a 47% reduction.
• 20% year-over-year reduction in Scope 1 and 2 GHG emissions.
• Increased representation of women in leadership globally to 32%.
• Increased representation of ethnic or racial minorities in U.S. leadership to 27%.

Negative

• None.

Inaugural list awards only 500 companies globally

RALEIGH, N.C.--(BUSINESS WIRE)-- Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem, has been recognized on the inaugural edition of TIME's World's Most Sustainable Companies 2024 list.

Vontier Named to TIME's World's Most Sustainable Companies 2024 List (Graphic: Business Wire)

The World's Most Sustainable Companies 2024 were selected based on a four-step process that considered over twenty key indicators. Vontier’s CDP score, alignment with GRI and SASB, emissions and energy intensity, employee turnover, and worker safety were included in the analysis. Out of the thousands of companies that were eligible for the award, only 500 are recognized on the list with fewer than 25% (115 total) of them headquartered in the United States.

“Sustainability and Vontier are inextricably linked. For Vontier to be recognized as a global leader in this space is incredibly special to me and the thousands of others in our organization who make the world a more sustainable place at work each and every day,” says Katie Rowen, SVP & Chief Administrative Officer at Vontier.

Vontier recently released their annual Sustainability Report, highlighting key ESG achievements and commitments. Highlights from the report include:

• Best-in-class key safety metrics: a Total Recordable Incident Rate (TRIR) of .36, representing a year-over-year 36% reduction; and the early achievement of its 2026 goal for Days Away Restricted Time (DART), with a rate of .21, representing a 47% year-over-year reduction
• Increased representation of women in leadership globally to 32% from 29%
• Increased representation of ethnic or racial minorities in U.S. leadership to 27% from 24%
• Signed on to the United Nations Global Compact “Forward Faster” initiative
• Achieved a 20% year-over-year reduction in absolute Scope 1 and 2 GHG emissions, and a cumulative 40% reduction in absolute Scope 1 and 2 GHG emissions from its 2020 base year

About Vontier

Vontier (NYSE: VNT) is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves – delivering smart, safe and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement and innovation built upon the foundation of the Vontier Business System and embraced by colleagues worldwide. Additional information about Vontier is available on the Company’s website at www.vontier.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240625333687/en/

Corporate Communications Contact:

Nicole Beck, Director, External Communications

Vontier Corporation

Nicole.beck@vontier.com

Investor Relations Contact

Ryan Edelman, Vice President, Investor Relations

Vontier Corporation

Ryan.edelman@vontier.com

Source: Vontier Corporation

FAQ

What list did Vontier (VNT) make in 2024?

Vontier was named to TIME's World's Most Sustainable Companies 2024 list.

How many companies were selected for TIME's World's Most Sustainable Companies 2024 list?

500 companies were selected for TIME's World's Most Sustainable Companies 2024 list.

What was Vontier's year-over-year reduction in Total Recordable Incident Rate (TRIR)?

Vontier achieved a 36% year-over-year reduction in Total Recordable Incident Rate (TRIR).

How much did Vontier (VNT) reduce its Scope 1 and 2 GHG emissions?

Vontier achieved a 20% year-over-year reduction in Scope 1 and 2 GHG emissions.

What increase in representation of women in leadership did Vontier report?

Vontier increased the representation of women in leadership to 32% globally.

What increase in representation of ethnic or racial minorities in U.S. leadership did Vontier achieve?

Vontier increased the representation of ethnic or racial minorities in U.S. leadership to 27%.