Kimball Electronics Publishes Annual Sustainability Disclosures with its 2023 Guiding Principles Report
“This Report reflects sustainability’s deep roots in our Guiding Principles, which have been the decades-long foundation for our reputation as a company that customers depend on for lasting relationships,” said
As part of its continued commitment to the highest level of transparency and to fostering trust, the Company obtained third-party assurance from Keramida, which provides sustainability services worldwide and is one of the few companies in the
Added Phillips, “Our Guiding Principles Report helps us communicate, and remain accountable to, how we are focusing our efforts to control our most significant ESG risks and develop our greatest ESG opportunities.”
The Report highlights numerous sustainability-related recognitions and accomplishments from 2023:
- Rated #1 among electronics manufacturers, and #4 among all companies across all industries, for ESG risk based on Morningstar Sustainalytics’ criteria
- A “Prime” rating from ISS ESG, which places the Company among the top 10% in the electronics industry
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$324 million in calendar year 2023 revenue in “low carbon” or “no carbon” products, like climate control and smart energy management; smart meters and industrial controls; and green energy, charging, and storage - A 36% decrease in scope 1+2 market-based greenhouse gas emissions from the Company’s 2019 baseline year
- A 27% reduction in safety incident rate year over year, with an overall rate remaining well below industry averages
- The establishment of three Employee Resource Groups that offer allyship, mentorship, and sponsorship programs and opportunities for underrepresented groups in the EMS industry, including women, LGBTQIA+ employees, and veterans
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Donations of over
$310,000 worth of time and treasure to worthy causes worldwide
“Sustainability is part and parcel of our Guiding Principles. We will continue to embrace sustainable, responsible manufacturing practices for our customers while striving to meet the needs of the present without compromising the needs of future generations,” says
Formerly the Company’s ESG Report, the expanded 2023 Guiding Principles Report is available on Kimball Electronics’ website at www.kimballelectronics.com/esg. It not only complies with the GRI framework but also with the Sustainability Accounting Standards Board’s Electronic Manufacturing Services & Original Design Manufacturing Standard, and the
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Vice President, Investor Relations
812.827.4151
Investor.Relations@kimballelectronics.com
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