ESAB Corporation Releases Inaugural Sustainability Report
ESAB commits to reduce absolute global Scope 1 and Scope 2 GHG emissions at major manufacturing sites by 30% by the year 2030 from a 2022 baseline.
Posted: April 5, 2023
ESAB Corporation (“ESAB” or “the Company”) (NYSE: ESAB), has published its inaugural sustainability report, establishing benchmarks to evaluate progress on environmental, social, and governance (ESG) goals and committing to reduce absolute greenhouse gas (GHG) emissions 30% by 2030.
The inaugural sustainability report represents a continuation of ESAB’s commitment to environmental stewardship; enhancing diversity, equity, and inclusion among its associates; outreach within its local communities; and maintaining best-in-class corporate governance. It includes the Company’s commitment and approach to continuously improving workplace health and safety for the approximately 9,000 ESAB associates around the world.
“We are proud of our approach to advancing our sustainability program, which underscores our purpose of shaping the world we imagine,” said Shyam P. Kambeyanda, President and CEO, ESAB Corporation. “We have a responsibility to be good corporate citizens who have a positive impact on the environment, and we are determined to build a positive and enduring legacy in the communities where we live and work. Our first sustainability report lays a foundation that supports the long-term growth of our enterprise and aligns with our core values and commitment to shaping a better world.”
Key highlights from ESAB’s inaugural sustainability report include:
- A commitment to reduce absolute global Scope 1 and Scope 2 GHG emissions at major manufacturing sites by 30% by the year 2030 from a 2022 baseline.
- Information about the Company’s industry-leading safety record, including its 2022 total recordable incident rate of 0.49.
- Details of new products designed to meet standards outlined in the European Ecodesign for Sustainable Products Regulation.
- Findings from energy management workshops, which identified significant opportunities for increased energy efficiency.
- A summary of diversity, equity, and inclusion efforts, including a leadership team today comprised of more than 67% women or racially/ethnically diverse individuals.
www.ESABcorporation.com/sustainability
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