Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

TE Connectivity details sustainability progress in corporate responsibility report

Published 11/04/2024, 12:54
Updated 11/04/2024, 12:54

SCHAFFHAUSEN, Switzerland, April 11, 2024 /PRNewswire/ -- TE Connectivity (NYSE:TEL), a world leader in connectors and sensors, has made significant strides over the past year in meeting its sustainability and social ambitions, as detailed today in its annual corporate responsibility report.

"TE's One Connected World strategy guides our sustainability journey," said CEO Terrence Curtin. "I am proud of what we have accomplished so far and our smart path forward to reach our 2030 goals, which not only address carbon reduction, but also drive innovation, making sustainability a business enabler."

TE has reduced absolute Scope 1 and Scope 2 greenhouse gas emissions directly generated by the company by 72% since 2020. Additionally, TE has committed to reduce indirect Scope 3 emissions, resulting from its value chain, by 30% by 2032 (against a 2022 baseline).

Some of the additional achievements highlighted in this year's report include:

  • 77% of TE's electricity now comes from renewable sources
  • 46% reduction in hazardous waste disposal since 2021
  • 11% reduction in water withdrawal at 30 targeted water-stressed sites since 2021, against a 15% goal
  • Impacted 4.2 million people through its support of STEM programs since 2020
  • Increased women in leadership roles to 28%
  • Created its inaugural inclusion and diversity report

TE's greenhouse gas goals have been validated by the Science Based Targets initiative (SBTi) as strong enough to help limit global warming enough to avoid the most damaging impacts of climate change. The SBTi is a collaboration among CDP (formerly known as the Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature that develops standards and defines best practices for emissions reductions in line with climate science.

Visit te.com/sustainability to view the full Connecting Our World report.

ABOUT TE CONNECTIVITY
TE Connectivity (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, renewable energy, automated factories, data centers, medical technology and more. With more than 85,000 employees, including 8,000 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook (NASDAQ:META), WeChat, Instagram and X (formerly Twitter).

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.