Wesco Reports Progress on 2030 Goals in Latest Sustainability Report

Rhea-AI Summary

Wesco International (NYSE: WCC) has released its latest sustainability report, detailing progress on its 2030 environmental, social, and governance (ESG) goals. Set in 2021, Wesco's targets include reducing greenhouse gas emissions by 30%, landfill waste intensity by 15%, and total recordable incident rate (TRIR) by 15%. Furthermore, they aim to provide 425,000 hours of safety training by 2030. The company has already met its landfill waste reduction goal from a 2020 baseline and is on track to achieve its safety training target. The 2023 report also expanded the scope of greenhouse gas emissions reporting to include global data beyond the U.S., Canada, and the U.K. John Engel, Chairman, President, and COO, emphasized the importance of stakeholder collaboration in achieving these goals.

Positive

• Achieved a 15% reduction in landfill waste intensity from the 2020 baseline.
• On track to provide 425,000 hours of safety training and development by 2030.
• Expanded greenhouse gas emissions reporting globally, enhancing transparency.
• Commitment to continuous improvement and stakeholder engagement.

Negative

• No specific figures provided for progress on reducing greenhouse gas emissions and TRIR.
• The report implies that significant goals still need to be met by 2030.

PITTSBURGH, May 30, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, issued its annual sustainability report today. The report outlines Wesco's progress and key initiatives for advancing its environmental, social and governance (ESG) goals set in the 2021 report that include reducing greenhouse gas emissions by 30%, reducing landfill waste intensity by 15% across global locations, achieving a 15% reduction in total recordable incident rate (TRIR) and providing 425,000 hours of safety training and development to employees – all by 2030. 

Wesco has made significant progress toward achieving its 2030 sustainable development goals. The goal to reduce landfill waste intensity by 15% across our U.S. and Canadian locations from the 2020 baseline of 0.64 Metric Tons of Carbon Dioxide Equivalents (MTCO2e) has been met against our 2030 goal. And, we're on track to achieve our goal of providing 425,000 hours of safety training and development by 2030. 2023 marked a significant expansion in the reporting coverage of our scopes 1 and 2 greenhouse gas (GHG) emissions inventory globally from our previous reports which only reflected GHG emissions in the U.S., Canada and the U.K.

"Our journey toward sustainability is ongoing, and we remain committed to continuous improvement," said John Engel, Chairman, President and Chief Operating Officer. "We recognize that collaboration is key to success, and we are actively engaging with our stakeholders to learn, share best practices, and drive collective action."

About Wesco 
Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with more than $22 billion in annual sales and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 20,000 people, partners with the industry's premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, government agencies, educational institutions, telecommunications providers, and utilities. Wesco operates nearly 800 branches, warehouses and sales offices in more than 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations.

Contact

Jennifer Sniderman

Vice President, Corporate Communications

717-579-6603

View original content to download multimedia:https://www.prnewswire.com/news-releases/wesco-reports-progress-on-2030-goals-in-latest-sustainability-report-302158504.html

SOURCE Wesco International

FAQ

What are Wesco's 2030 environmental goals?

Wesco aims to reduce greenhouse gas emissions by 30% and landfill waste intensity by 15%, and achieve a 15% reduction in total recordable incident rate (TRIR) by 2030.

Has Wesco met any of its 2030 sustainability targets?

Yes, Wesco has achieved its goal to reduce landfill waste intensity by 15% from the 2020 baseline.

Is Wesco on track to meet its safety training goals?

Yes, Wesco is on track to provide 425,000 hours of safety training and development by 2030.

How has Wesco improved its greenhouse gas emissions reporting?

In 2023, Wesco expanded its greenhouse gas emissions reporting to include global data, beyond the U.S., Canada, and the U.K.