ETN Eaton Corp New

By Dieter Holger

Eaton Corp. PLC (ETN) achieved more than half of its greenhouse gas reduction target last year.

The power-management company cut its emissions by 14% from 2015 levels as it aims for a 20% reduction by 2025, according to Eaton's 2018 sustainability report published on Monday.

GHG emissions came to around 1,099,000 metric tons last year, down from 1,165,000 metric tons in 2017. Emissions declined despite a 1.5% uptick in energy use.

The company attributed the reduction to improved energy efficiency, more renewable power and microgrid technology. It pointed to how a manufacturing and office location in Hengelo, in the Netherlands, cut its emissions by an average of 27% every year thanks to on-site renewable power and low-voltage electricity distribution.

Eaton only discloses the carbon footprint of its operations and purchases, known as Scope 1 and 2, and not emissions from its products, known as Scope 3.

But the company said it was "increasing its focus" on making products with a positive environmental impact, including components for electric cars and more efficient gasoline-powered engines.

"In addition to increasing our focus on positive impact products that are accounted for in the indirect emissions in our inventory, we are working hard to decrease the carbon impacts from our own operations," Eaton said.

Write to Dieter Holger at dieter.holger@dowjones.com; @dieterholger

(END) Dow Jones Newswires

August 19, 2019 10:14 ET (14:14 GMT)

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