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Eaton Releases its 2022 Sustainability Report, Unveils Substantial Progress Towards 2030 Sustainability Goals

Solutions that facilitate electrification, energy transition, electric grid resilience, raise efficiency in ground and air transportation or upgrade air quality represented 71 percent of the company’s net sales in 2022, up from 65 percent in 2021.

July 14, 2023. By EI News Network

The company minimises GHG offsets by 27 percent since 2018, equivalent to the emissions nearly 60,000 gasoline-fueled cars generate annually.

Intelligent power management entity Eaton released its 2022 Sustainability Report. The report attributes the company’s crucial breakthrough toward its 2030 sustainability goals.

Eaton’s 2022 report showcases more transparency and reporting diligence than ever before, comprising the company’s progress-thinking approach to climate-related risks and opportunities, through its Task Force on Climate-related Financial Disclosures (TCFD) section, involved directly in the report.

The report projects that Eaton is ahead or on pace to fulfill several of its targets comprising reduced GHG emissions by 27 percent in its operations since 2018 through increased energy efficiency, energy conservation, and shifts to renewable energy.

Solutions that facilitate electrification, energy transition, electric grid resilience, raise efficiency in ground and air transportation or upgrade air quality represented 71 percent of the company’s net sales in 2022, up from 65 percent in 2021.

Invested around USD 900 million in research and development for sustainable solutions since 2020, up from USD 528 million in 2021.

Certified 8 percent of manufacturing sites as zero water discharge, focusing on sites in water-stressed areas.

Certified 75 percent of manufacturing sites as zero waste to landfill, pushing the company closer to its goal to certify 100 percent by 2030.

Craig Arnold, Chairman and Chief Executive Officer of Eaton, said, “At Eaton, we embrace the tremendous responsibility we have to act now to address climate change.”

He stated, “We continue to push forward in our journey to pursue our bold environmental, social and governance goals—and we’re making significant progress.”

Harold Jones, Chief Sustainability Officer and Executive Vice President, Eaton Business System, Eaton, stated, “Our 2022 Sustainability Report describes in more detail than ever how we’re helping the world decarbonize electricity and optimize energy usage.”

He further added, “It’s critical we keep our momentum strong to reach our targets and make good on our mission to improve the quality of life and the environment.”

Eaton was founded in 1911 and it is an intelligent power management company.

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Energy efficiency

Eaton

2022 Sustainability Report

Intelligent power management company

Energy transition

Task Force on Climate-related Financial Disclosure

2030 Sustainability Goals