REGAL REXNORD PUBLISHES 2024 SUSTAINABILITY REPORT
- Developing innovative products and sustainable solutions that customers value, while intentionally factoring environmental considerations into how they are designed and manufactured;
- Creating a workplace that invites diversity of thought, experiences, and backgrounds, where all associates are included and can leverage their unique perspectives to foster innovation and drive success for customers, fellow associates, and shareholders; and
- Maintaining sound corporate governance policies and practices that are considered a cornerstone of effective risk management.
The Sustainability Report provides a strategic update on how the Company is operating consistently with its business purpose, which is to Create a Better Tomorrow with Sustainable Solutions that Power, Transmit, and Control Motion. Helping customers, communities, and the planet by providing sustainable solutions remains core to how and why
The report also shares progress towards the Company's goal of achieving carbon emission neutrality across Scope 1 and 2 GHG emissions by 2032. In 2024, the Company achieved a 13% year-over-year reduction in absolute Scope 1 and 2 GHG emissions and decreased its GHG emission intensity by 9.8%. Additionally, the report outlines ways the Company is helping customers achieve their own sustainability goals by making our end users' applications more environmentally friendly.
"Helping our customers, our communities, and our planet by providing sustainable products remains core to how and why we operate," said
About
The Company's end markets benefit from meaningful secular demand tailwinds, and include discrete automation, food & beverage, aerospace, medical, data center, energy, residential and commercial buildings, general industrial, and metals and mining.
Forward Looking Statements
All statements in this communication, other than those relating to historical facts, are "forward-looking statements." Forward-looking statements can generally be identified by their use of terms such as "anticipate," "believe," "expect," "intend," "plan," "may," "will," "would," "could," "should," and similar expressions, including references to assumptions. Forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements.
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