Jabil Makes Meaningful Sustainability Progress, Releases Fiscal Year 2022 Report
February 21 2023 - 8:00AM
Business Wire
Company highlights the importance of
collaboration in commitments to social and environmental
responsibility
Jabil Inc. (NYSE: JBL) today released its fiscal year 2022
Sustainability Report, summarizing the meaningful progress through
action the company is taking toward its five-year sustainability
goals.
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the full release here:
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Jabil's fiscal year 2022 Sustainability
Progress Report provides highlights of the year since the company
publicly stated its goals and was prepared in alignment with the
Global Reporting Initiative (GRI) Standards. (Graphic: Business
Wire)
In 2021, Jabil announced data-driven, science-based goals,
designed to propel the company forward in its sustainability
journey and provide fresh opportunities for growth, value creation,
and long-term business resiliency. This year’s report was prepared
in alignment with the Global Reporting Initiative (GRI) Standards,
providing highlights of the year since the company publicly stated
its goals.
“At Jabil, our focus on sustainability is grounded by our
actions. I am proud of the positive progress we’ve made,” Mark
Mondello, Jabil’s chief executive officer and chairman of the
board, said. “Our stakeholders expect us to always do the right
thing when it comes to environmental, social and governance issues.
We are a responsible leader, as we strive to meet our internal
sustainability goals, while thoughtfully supporting our customers
with their objectives, as well.”
Fiscal year 2022 accomplishments:
- Reduced operational emissions by 23%, compared to our 2019
baseline. Approximately 1.17 million metric tons of CO2e were
avoided using renewable energy in fiscal year 2022.
- Reduced the amount of hazardous waste from Jabil sites globally
by 25% and increased the amount of recycled waste by 45%
- Decreased water acquired in areas of high-water stress by
18%
- Completed over 1.1 million volunteer hours in our local
communities, achieving our bold goal to give back one million
volunteers hour in calendar year 2022
- Issued a $500 million aggregate principal amount Green Senior
Note due 2027
- Signed a commitment letter with the Science Based Targets
Initiative (SBTI) to help lead the way to a zero-carbon economy,
putting Jabil on the path to carbon neutrality by 2045
- Developed 24 new programs for employees with disabilities
worldwide
- Implemented at least one health and wellbeing program at 93% of
manufacturing sites
In addition to Jabil’s fiscal year 2022 sustainability
accomplishments and progress, the report also outlines ways the
company supports its customers on their sustainability journey.
“Emerson has set an ambitious goal to achieve net zero
greenhouse gas (GHG) emissions across our value chain by 2045. This
goal is reflective of our commitment to ensuring our business
practices are sustainable, and value chain collaboration is a key
pillar of our strategy. As a strategic partner, Jabil’s progress on
sustainability issues is vital to our own success and increasing
focus on our shared value chain impact has strengthened our
relationship. We are proud to have Jabil as a supply chain partner
on our sustainability journey,” Mike Train, chief sustainability
officer at Emerson, said, highlighting the important role of
collaboration.
“BD prioritizes work with suppliers who demonstrate commitment
to the impact areas outlined in our Responsible Sourcing strategy.
Jabil’s willingness to be open and transparent about their
practices and their plans for implementing further ESG measures
demonstrates leadership towards collective impact. Their
transparency is an asset to our supply base and will assist BD in
taking steps to meet our own ambitious ESG goals. BD looks forward
to continued partnership with Jabil where we can magnify these
positive impacts,” Amelia Nunn, senior manager, responsible
sourcing at BD, stated.
With experience across numerous and diverse industries, Jabil is
uniquely positioned in the market.
“While we proactively manage our own environmental impacts,
supporting our customers has provided us with deep knowledge of the
unique sustainability challenges faced by a wide variety of
industries, as well as best practices and expertise from which to
draw. The expertise we've garnered by working toward our own
sustainability goals can also be leveraged to help our partners and
customers reach their targets and thereby create real partnerships
with sustainability at their core,” Michael Cooke, Jabil’s vice
president of social and environmental responsibility,
concluded.
To download Jabil’s fiscal year 2022 Sustainability Progress
Report, please go to Jabil.com/Sustainability.
About Jabil:
Jabil (NYSE: JBL) is a manufacturing solutions provider with
over 250,000 employees across 100 locations in 30 countries. The
world's leading brands rely on Jabil's unmatched breadth and depth
of end-market experience, technical and design capabilities,
manufacturing know-how, supply chain insights and global product
management expertise. Driven by a common purpose, Jabil and its
people are committed to making a positive impact on their local
community and the environment. Visit www.jabil.com to learn
more.
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version on businesswire.com: https://www.businesswire.com/news/home/20230221005410/en/
Media Contact Timur Aydin Director, Enterprise Content
& Media Timur_aydin@jabil.com
Investor Contact Adam Berry Vice President, Investor
Relations Adam_berry@jabil.com
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