Oshkosh Corporation (NYSE: OSK), a leading innovator of
purpose-built vehicles and equipment, announced today that the
Science Based Targets initiative (SBTi) has validated the company's
science-based greenhouse gas (GHG) emissions reduction targets.
These targets meet the rigorous criteria and recommendations set by
SBTi, confirming Oshkosh's commitment to aligning its
sustainability efforts with the latest climate science.
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Oshkosh Corporation (NYSE: OSK), a
leading innovator of purpose-built vehicles and equipment,
announced today that the Science Based Targets initiative (SBTi)
has validated the company's science-based greenhouse gas (GHG)
emissions reduction targets. These targets meet the rigorous
criteria and recommendations set by SBTi, confirming Oshkosh's
commitment to aligning its sustainability efforts with the latest
climate science. The company’s strategy emphasizes energy
reduction, increased use of renewable energy to power operations,
and collaboration across the value chain to drive significant
progress toward scope 3 GHG reduction. (Graphic: Business Wire)
With the SBTi validation, Oshkosh Corporation commits to the
following science-based targets:
- Near-term targets: reduce absolute scope 1 and 2 GHG emissions
57.7% by 2033 from a 2021 base year and reduce absolute scope 3 GHG
emissions from purchased goods and services and use of sold
products 32.5% by 2033 from a 2022 base year.
- Long-term targets: reduce absolute scope 1 and 2 GHG emissions
90% by 2050 from a 2021 base year and reduce absolute scope 3 GHG
emissions from purchased goods and services and use of sold
products 90% by 2050 from a 2022 base year.
“Oshkosh’s commitment to sustainability is at the core of how we
operate and innovate,” said Kevin Tubbs, vice president and chief
sustainability officer, Oshkosh Corporation. “By aligning our
near-term and net-zero targets with the latest climate science, we
are taking a significant step toward building a more sustainable
future for our employees, customers and the communities we serve.
SBTi’s validation of our reduction targets reflect our
determination to reducing environmental impact, while consistently
delivering groundbreaking solutions that shape a more sustainable
future.”
The company’s strategy emphasizes energy reduction, increased
use of renewable energy to power operations, and collaboration
across the value chain to drive significant progress toward scope 3
GHG reduction.
The Science Based Targets initiative (SBTi) is a collaboration
between CDP, the United Nations Global Compact, World Resources
Institute (WRI) and the World Wide Fund for Nature (WWF). The
Science Based Targets initiative is a corporate climate action
organization that develops standards, tools, and guidance which
allow companies to set GHG emissions reduction targets in line with
what is needed to limit global temperature rise and reach net-zero
by 2050.
Click here to watch Oshkosh Corporation's video announcement on
the approval of its science-based targets.
Oshkosh is dedicated to building a company, culture and world
that can thrive well into the future. The company has earned
recognition as one of USA Today’s Climate Leaders 2024 and has been
included in the Dow Jones Sustainability World Index (DJSI) for
five consecutive years. Additionally, Oshkosh has been named one of
America’s Greenest Companies and one of the World’s Most
Trustworthy Companies by Newsweek, while also being honored by
Ethisphere as one of the World’s Most Ethical Companies for nine
consecutive years.
To learn more about Oshkosh Corporation and its commitment to
environmental, social and corporate governance please visit
Oshkoshcorp.com.
About Oshkosh
Corporation
At Oshkosh (NYSE: OSK), we make innovative, mission-critical
equipment to help everyday heroes advance communities around the
world. Headquartered in Wisconsin, Oshkosh Corporation employs over
18,000 team members worldwide, all united behind a common purpose:
to make a difference in people’s lives. Oshkosh products can be
found in more than 150 countries under the brands of JLG®, Pierce®,
MAXIMETAL, Oshkosh® S-Series™, Oshkosh® Defense, McNeilus®, IMT®,
Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products,
Oshkosh AeroTech™ and Pratt Miller. For more information, visit
oshkoshcorp.com.
®, ™ All brand names referred to in this news release are
trademarks of Oshkosh Corporation or its subsidiary companies.
Forward Looking
Statements
This news release contains statements that the Company believes
to be “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact, including, without
limitation, statements regarding the Company’s future financial
position, business strategy, targets, projected sales, costs,
earnings, capital expenditures, debt levels and cash flows, and
plans and objectives of management for future operations, are
forward-looking statements. When used in this news release, words
such as “may,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “should,” “project” or “plan” or the
negative thereof or variations thereon or similar terminology are
generally intended to identify forward-looking statements. These
forward-looking statements are not guarantees of future performance
and are subject to risks, uncertainties, assumptions, and other
factors, some of which are beyond the Company’s control, which
could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These
factors include risks related to the Company’s ability to
successfully execute on its strategic road map and meet its
long-term financial goals. Additional information concerning these
and other factors is contained in the Company’s filings with the
Securities and Exchange Commission. All forward-looking statements
speak only as of the date of this news release. The Company assumes
no obligation, and disclaims any obligation, to update information
contained in this news release. Investors should be aware that the
Company may not update such information until the Company’s next
quarterly earnings conference call, if at all.
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version on businesswire.com: https://www.businesswire.com/news/home/20240926651063/en/
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