- Report demonstrates Company's commitment to its Purpose ––
Shape What Matters for Tomorrow™
- Includes Scope 3 emissions data and approach to
decarbonization and biodiversity for the first time
- Completed first double-materiality assessment following
transformation to pure-play industrial company
BATESVILLE, Ind., May 30, 2023
/PRNewswire/ -- Hillenbrand, Inc. (the "Company") (NYSE: HI)
released its fourth annual Sustainability Report, highlighting the
Company's advancement of key environment, social, and governance
(ESG) topics. The report also includes new disclosures of Scope 3
Greenhouse Gas (GHG) emissions, water usage data, and the Company's
first double-materiality assessment.
"Aligning the actions of the entire organization to our Purpose
to 'Shape What Matters for Tomorrow' has helped us remain focused
on value creation, which includes identifying opportunities that
leverage our expertise to help advance the development of a more
sustainable future," said Kim Ryan,
President and Chief Executive Officer of Hillenbrand. "As we look
ahead, I strongly believe that our long-term success and profitable
growth strategy requires continued focus on sustainability. We're
proud to release our report, which features our progress and our
path to deliver on our Purpose."
HIGHLIGHTS FROM THE REPORT INCLUDE:
- First-time disclosure of Scope 3 GHG emissions,
representing a step towards developing science-based targets.
- Showing progress in clean technology and product
innovations.
- First-time disclosure of water usage across the largest
manufacturing sites.
- Approach to sustainable practices within the durable plastics,
food, and recycling end markets following the transition to a
pure-play global industrial company.
- Increased the number of women on Hillenbrand's Board of
Directors to 50%, with public recognition of having a
gender-balanced board.
- Completion of a double-materiality assessment to further
determine what sustainability topics are material to the Company
and how that impacts society and the environment.
- Continued commitment to embedding Diversity, Equity, and
Inclusion into the Company's operations, including signing the CEO
Statement of Support for the United Nations Women's Empowerment
Principles and participating in the Bloomberg Gender-Equality
Index (GEI) for the second year in a row.
"The theme of our Sustainability Report, 'Shape What Matters for
Tomorrow,' reflects how our people, products, and partnerships are
helping make advancements for the future," said Chief
Sustainability Officer, Tory Flynn.
"This report reflects the extensive efforts our associates have
made to advance our sustainability practices and embed them into
how we do business to drive long-term value for stakeholders."
This year's report was published as part of Hillenbrand's
commitment as a signatory to the United Nations Global Compact,
including alignment to the United Nations Sustainable Development
Goals (UN SDGs), and is prepared in accordance with the Global
Reporting Initiative (GRI) Standards and the Sustainability
Accounting Standards Boards (SASB) framework. The full 2022
Sustainability Report can be viewed on the Company's Sustainability
webpage along with ESG content indices and more information about
the Company's sustainability program.
About Hillenbrand
Hillenbrand (NYSE: HI) is a global
industrial company that provides highly-engineered,
mission-critical processing equipment and solutions to customers in
over 100 countries around the world. Our portfolio is composed of
leading industrial brands that serve large, attractive end markets,
including durable plastics, food, and recycling. Guided by our
Purpose — Shape What Matters For Tomorrow™ — we pursue excellence,
collaboration, and innovation to consistently shape solutions that
best serve our associates, customers, communities, and other
stakeholders. To learn more, visit: www.Hillenbrand.com.
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SOURCE Hillenbrand, Inc.