REGAL REXNORD PUBLISHES 2024 SUSTAINABILITY REPORT
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- 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 Regal Rexnord operates.
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
Regal Rexnord's annual sustainability report and accompanying disclosures demonstrate its progress around the world and provide key data and metrics prepared in general alignment with the Task Force on Climate-Related Financial Disclosure (TCFD), the Global Reporting Initiative (GRI), and the Sustainability Accounting Standards Board (SASB). The report covers the fiscal year that ended
About Regal Rexnord
Regal Rexnord's 30,000 associates around the world help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controllers, drives, precision motors, and actuators, controls motion in applications ranging from factory automation to precision tools used in surgical applications.
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.
Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord is headquartered in
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.
View original content:https://www.prnewswire.com/news-releases/regal-rexnord-publishes-2024-sustainability-report-302547105.html
SOURCE Regal Rexnord Corporation
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