nVent's New 2023 Sustainability Report Details Meaningful Progress Across its Focus Areas of People, Products, Planet and Governance
- Increased global representation of women in management by 4%.
- Increased renewable energy consumption to 15%.
- Reduced total greenhouse gas emissions by 9%.
- Improved our safety performance, reducing total recordable incident rate by more than 20%.
- Achieved its goal, ahead of target, to make 100% of product environmental data digitally accessible to customers.
nVent Chair and Chief Executive Officer
To further demonstrate its commitment to environmental stewardship, nVent also introduced two new ESG goals to achieve by 2030 within its Products and Planet pillars.
- In the Products pillar, to eliminate 100% of single-use plastics in all product packaging.*
- In the Planet pillar, to achieve a 25% reduction in water consumption from the baseline year of 2019.
The report also details the important external recognitions the company received in 2023, including receiving a gold sustainability rating from
A full copy of the 2023 Sustainability Report can be downloaded at nVent.com/ESG.
* Based on outbound products shipped from nVent facilities
About nVent
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in
nVent, CADDY, ERICO,
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This release contains statements that we believe 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 are forward looking statements. Without limitation, any statements preceded or followed by or that include the words “targets,” “plans,” “believes,” “expects,” “intends,” “will,” “likely,” “may,” “anticipates,” “estimates,” “projects,” “forecasts,” “should,” “would,” “could,” “positioned,” “strategy,” “future,” “are confident,” or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. All projections in this release are also 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 our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include adverse effects on our business operations or financial results, including due to the overall global economic and business conditions impacting our business; the ability to achieve the benefits of our restructuring plans; the ability to successfully identify, finance, complete and integrate acquisitions, including the
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Source: nVent