• Eaton released its 2018 Eaton Global Sustainability Report, the 13th consecutive year that the company has published a report on this topic
• By the end of 2018, Eaton had more than halfway achieved its 2025 20% greenhouse gas reduction target, a nearly 14% reduction from 2015 levels
• 181 CEOs, including Eaton's Chairman and CEO Craig Arnold, signed the United States Business Roundtable's Corporate Purpose Statement, collectively saying that shareholder interests are not everything, and the company's top priority is to create a better society
• Eaton has always maintained its original aspiration and continuously promoted corporate social responsibility and sustainable development
"Our vision is to improve the quality of life and the environment through the use of power management technologies and services," said Harold Jones, executive vice president of global business systems and sustainability at Eaton. I am very proud of the progress Eaton has made and the goals we have set for the future. ”
Eaton has a long tradition of promoting corporate social responsibility and sustainability. "Although the term sustainability is a relatively new concept, it has been at the heart of almost everything we have done since our company was founded more than 100 years ago." In the 2018 Eaton Global Sustainability Report, Craig Arnold, Chairman and Chief Executive Officer of Eaton Corporation, emphasized, "Today, sustainability is still embedded in our vision and guides our daily decisions and actions. ”
On August 19, 181 CEOs, including Eaton's chairman and chief executive officer, Craig Arnold, signed the Statement of Purpose at the Business Roundtable, a United States business organization in Washington, D.C. The statement, which the Wall Street Journal called "a major shift in the association's philosophy," declared that shareholder interests are not everything, and that the company's top priority is to create a better society. The statement calls for a free-market system that benefits society through the creation of good jobs, a strong and sustainable economy, an innovative and healthy environment and economic opportunity, so that everyone can succeed through hard work and creativity, and live a meaningful and dignified life. For Eaton, business development is about operating and growing sustainably and responsibly.
Highlights of the 2018 Eaton Global Sustainability Report include:
Eaton's greenhouse gas emissions were reduced by 13.6% compared to 2015, which means that the company has achieved half of its 20% greenhouse gas reduction target for 2025.
By the end of 2018, nearly 50% of the company's production sites had achieved zero waste to landfill. The company is committed to achieving zero waste to landfill at all manufacturing sites by 2030;
Based on the company's biennial employee survey, the results of the 2018 employee survey showed that 81% of employees who participated in the survey said they were proud to work for Eaton;
Nearly 5,000 company executives completed the company's program on inclusion and diversity;
In 2018, 50% of the company's board of directors represented a diverse group;
The company invested $584 million last year to help accelerate innovation in its product portfolio. This investment will help in part accelerate the modernization of the grid, further advance energy storage solutions, and improve the durability and recyclability of products;
In 2018, the company established the eMobility vehicle electrification business to produce technologies for electric, hybrid and fuel cell vehicles.
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