Emerson Announces Net Zero Targets, Issues 2021 ESG Report
June 14 2022 - 9:00AM
Business Wire
Company plans to achieve net zero operations by
2030, net zero value chain by 2045
Emerson (NYSE: EMR), a global leader in technology and software
solutions, announced its sustainability strategy to achieve net
zero greenhouse gas (GHG) Scope 1, Scope 2 and Scope 3 emissions by
2045. The company detailed its goal to reach net zero and its
environmental, social and governance progress in its 2021 ESG
report, published today.
“We help enable the low-carbon transition of some of the largest
companies and most critical industries around the world,” said Lal
Karsanbhai, Emerson’s president and chief executive officer. “Our
net zero goal is a vital step forward as we evolve our business and
contribute to a more sustainable world.”
Emerson has aligned its sustainability approach to the Net-Zero
Standard set by the Science Based Target initiative (SBTi), the
leading organization driving science-based target adoption. By
2030, Emerson plans to reach net zero across its own operations for
Scope 1 and Scope 2 emissions and drive a 25% reduction in its
Scope 3 value chain emissions compared to a 2021 baseline. These
2030 near-term targets have been approved by SBTi as consistent
with the 1.5°C trajectory required to meet the goals of the Paris
agreement. Emerson has also committed to validate its long-term
2045 net zero target, in line with the SBTi’s Net-Zero
Standard.
“In addition to the depth of our own sustainability roadmap,
Emerson’s products, software and services help enable our
customers, suppliers and partners to achieve their sustainability
objectives,” said Mike Train, Emerson’s senior vice president and
chief sustainability officer. “In the face of climate change, we
believe driving at-scale adoption of energy transition solutions
can make a net zero future a reality.”
Emerson’s 2021 ESG report also highlights social and governance
progress. Emerson hired its first chief people officer, continued
to expand the use of ESG metrics in its compensation programs, and
advanced its diversity, equity and inclusion goals and employee
programs.
“The support and energy from the Board of Directors and the
management team is setting the tone for the future direction and
culture of Emerson,” said Elizabeth Adefioye, Emerson’s senior vice
president and chief people officer. “I am excited by our ESG goals
and the progress we are making on so many fronts.”
To learn more about Emerson’s net zero target and to see the
company’s latest ESG Report, please visit Emerson.com/ESG.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA),
is a global technology and software company providing innovative
solutions for customers in industrial, commercial and residential
markets. Our Automation Solutions business helps process, hybrid
and discrete manufacturers maximize production and protect
personnel and the environment while optimizing their energy and
operating costs. Our Commercial and Residential Solutions business
helps ensure human comfort and health, protect food quality and
safety, advance energy efficiency and create sustainable
infrastructure. For more information, visit Emerson.com. Discussion
of initiatives, goals plans, targets and other forwarding looking
items, should be read in conjunction with our ESG Report in its
entirety, including, without limitation, the “About this Report”
section.
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