INTRODUCTION
OPERATIONAL EXCELLENCE
PEOPLE-FIRST CULTURE CUSTOMER-CENTERED INNOVATION
GRI INDEX
Aligning with the United Nations Sustainable Development Goals We leveraged the UN SDGs framework to develop our decarbonization strategy and targets. Specifically, we aligned with three UN SDGs: 7. Affordable and Clean Energy: Efforts include our development of intelligent solutions to navigate the energy transition and help our customers ensure resilient and reliable power worldwide, capital investment projects to improve the energy efficiency of our global facilities, and identification of opportunities to invest in renewable energy to power our campuses. 12. Responsible Consumption and Production: Efforts include our environmental stewardship and lean manufacturing values. These guide us as we enable a circular economy that eliminates waste and pollution from our products and operations while keeping materials in circulation for as long as possible. 13. Climate Action: Efforts include embracing the opportunity to support the electrical industry in mitigating the impacts of climate change by lowering the GHG emissions associated with electrical systems and enabling the transition to cleaner energy sources.
Scope 2 Emissions Renewable energy presents the largest opportunity to reduce our Scope 2 location-based emissions, and we are exploring photovoltaic (PV) solar installation projects as an option at various S&C sites. We are also assessing other opportunities, such as grid-connected private and community solar projects, to determine viability and benefit to S&C’s decarbonization efforts. Read more about our renewable energy efforts in Energy Efficiency. Scope 3 Emissions We continue to take steps to better understand our Scope 3 (value chain) emissions, including all applicable categories, with a mid-term goal to establish our global baseline by 2025. Scope 3 emissions are estimated to represent more than half of all S&C’s emissions. Our estimates include six of the 15 categories defined by the Greenhouse Gas Protocol: business travel, employee commuting, fuel- and energy-related activities, purchased goods and services, upstream transportation and distribution, and waste generated in operations. In 2023, we refined our estimates, with a focus on our Chicago campus. We identified emissions from purchased goods (Category 1) as representing more than half of our Scope 3 emissions in Chicago attributable to our use of iron and steel, aluminum, and epoxy resin. In 2024, we will aim to create a global Scope 3 baseline, which will allow us to develop an action plan to effectively reduce these emissions in 2025 and beyond.
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