INTRODUCTION
OPERATIONAL EXCELLENCE
PEOPLE-FIRST CULTURE CUSTOMER-CENTERED INNOVATION
GRI INDEX
Climate Change and Decarbonization
S&C works to mitigate the impact of our operations on the environment through our comprehensive environmental sustainability program, which includes our stated commitment to achieve net zero greenhouse gas (GHG) emissions by 2050.
S&C’s board of directors has reviewed and approved this strategy. It reflects key metrics, performance indicators, and medium- to long- term targets integrated across all applicable areas of the business and within our growth plans. We referenced the Science Based Targets initiative best practices in setting our targets, choosing a 2014 baseline in accordance with our first emissions inventory. We also used the United Nations Sustainable Development Goals (UN SDGs) framework to develop our strategy and are pursuing activities associated with the Scopes 1, 2, and 3 emissions reductions. Our environmental sustainability strategy will continue to evolve. From accelerating our sustainability targets to investing in our teams, our efforts to advance decarbonization and waste management initiatives remains a top priority.
ADVANCING OUR DECARBONIZATION STRATEGY We have made steady progress since our
decarbonization journey began in 2014, reducing our absolute Scopes 1 and 2 emissions by 75 percent and 37 percent, respectively. These reductions are a result of new technology, process improvements, and capital investments that promote energy efficiency and reduce our fuel consumption. In 2023, we took meaningful steps to advance our decarbonization strategy, including formalizing our decarbonization goals. With an ultimate goal of achieving net zero emissions by 2050, our strategy includes developing more sustainable alternatives for some of our switching products that rely on sulfur hexafluoride (SF 6 ) gas, increasing our energy efficiency, reducing use of natural gas, investing in renewable energy generation, and evaluating our supply chain emissions.
S&C’s Environmental Policy Statement outlines our approach to reducing our environmental impact and highlights our key commitments.
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