9908-1501 Rockwell Automation (NYSE: ROK), one of the world’s leading companies in industrial automation, informatization and digital transformation, today released its Sustainability 2023 Annual Report (the “Report”). The report details the company’s progress and results in sustainability and how Rockwell is partnering with the manufacturing industry and communities around the world to create impact and change around the idea of sustainability.
“For more than 120 years, we have been committed to improving the efficiency of industrial processes, including the best use of scarce resources.” Blake Moret, Chairman and CEO of Rockwell Automation, said, “Today, our advanced technology and domain expertise can help manufacturers of all kinds tackle complex challenges, enabling them to make high-quality products while reducing their environmental impact.”
9908-1501 Smart manufacturing technologies play a vital role in advancing environmental, social and governance (ESG) and sustainable development. According to the eighth edition of Rockwell’s annual State of Smart Manufacturing Report, efficiency is the number one driver for manufacturers pursuing sustainability and ESG policies and initiatives. This shows that sustainable development is an important means for companies to improve their operations and enhance their profitability.
Rockwell’s ESG progress in 2023
The report not only showcases how Rockwell is helping customers achieve their sustainability goals through innovative, sustainable products and solutions, but also highlights the company’s ESG initiatives and programs. These initiatives and programs not only enable Rockwell to better embrace sustainability, but also drive a corporate culture that focuses more on employee safety, sustainability, and responsible production.
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9908-1501 Back in 2020, Rockwell announced its carbon neutrality goal – the company plans to reach net zero carbon emissions in Scope One (direct) and Scope Two (indirect) by 2030. The 2023 Annual report details the company’s efforts to achieve this goal and sets out emission baseline information for Scope Three (value chain), clarifying that indirect emissions from the company’s value chain account for 99% of its Scope three carbon footprint.
The report highlights the latest ESG initiatives for 2023, including:
• UN Global Compact: Rockwell is a member of the UN Global Compact. The report sets out eight United Nations Sustainable Development Goals (SDGS) where Rockwell believes it can make a big impact in advancing sustainable development.
• Science-based Carbon Target Initiative (SBTi) : Rockwell has joined this initiative, which was launched by the United Nations Global Compact, the Carbon Disclosure Project (CDP), the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The initiative aims to address the issue of corporate climate action.
• Sustainable Product Design: Rockwell has decided to create a new team responsible for integrating sustainable design principles, metrics, and requirements into the generic product development process.
9908-1501 Working together to build sustainable communities
Advanced manufacturing is in high demand for people with technical optimization knowledge and skills, but the shortage of labor and skills continues to plague companies across all industries. The Sustainability 2023 report highlights that Rockwell is actively working to develop a workforce that is skilled and happy to use these advanced tools. The report also highlights the importance of collaboration between government, educational institutions and industry to develop the skills needed for the present and future.
“At a time when Labour and skills shortages are affecting manufacturers across industries, the ability of people to adapt to advanced technology and gain opportunities to upgrade their skills has become a critical determinant of success or failure.” “If we stick to a ‘people first’ approach to technology adoption, we will see significant improvements in all aspects of our operations, from efficiency to employee safety, with a positive impact on profitability and sustainability,” Moret said.
