Latest Report Demonstrates Trimble's Continued
Commitment to "Shaping a Sustainable Future" Through Building
Resilience, Empowering People and Leading with Integrity
WESTMINSTER, Colo., Aug. 31,
2023 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced
today the publication of its 2022 Sustainability Report,
featuring progress and milestones as part of its sustainability
strategy.
Built around the company living its values and mission of
transforming the way the world works, the report features how
Trimble is "Shaping a Sustainable Future" for our planet and the
communities we serve. Trimble is also introducing a new way of
communicating about its Environmental, Social and Governance (ESG)
commitments—Building Resilience, Empowering People and Leading with
Integrity—that reflect Trimble's approach to sustainability as part
of its business strategy.
2022 highlights include:
- Trimble published its first report aligned with the Task Force
on Climate-Related Financial Disclosures (TCFD), a globally
recognized reporting framework, which provides stakeholders with
critical information on our operational climate risks and
opportunities.
- Trimble implemented its executive long-term incentive program,
adding a "People & Planet" modifier. This ensures that
Trimble's executive compensation is aligned to its science-based
carbon reduction and workforce diversity goals.
- Trimble entered into a new five-year $1.25 billion revolving credit facility that will
help drive progress for two of Trimble's sustainability
commitments: reducing the company's Greenhouse Gas (GHG) footprint
and increasing gender diversity with more female representation in
the workplace.
- Trimble made progress on its renewable electricity goal. The
company is at 36 percent of its goal of 100 percent renewable
electricity by 2025. Trimble has sourced energy from local
producers in Germany, as well as
from hydroelectricity plants in the US and on-site solar at several
of our facilities worldwide.
- Trimble is helping to shape the global leaders for tomorrow
with 28 Trimble Technology Labs (TTL) across 14 countries on 5
continents. In 2022, we celebrated our latest TTL at Edinburgh
Napier University (ENU) with an inaugural Trimble TTL Conference.
It welcomed more than 50 leading construction, geospatial and
natural resources academics from around the world to participate in
knowledge exchange and community building.
The report summarizes Trimble's sustainability initiatives and
performance, highlighting the company's sustainability approach;
end-user industry solutions; community philanthropy through its
Trimble Foundation Fund; employee engagement and development as
well as Diversity, Equity and Inclusion (DEI) initiatives; and
governance. The report's data aligns with the Sustainability
Accounting Standards Board (SASB) standards for Electrical and
Electronic Components and Software and IT Services. It also aligns
with the United Nations Sustainable Development Goals (UN
SDGs).
About Trimble
Dedicated to the world's tomorrow, Trimble is a technology
company delivering solutions that enable our customers to work in
new ways to measure, build, grow and move goods for a better
quality of life. Core technologies in positioning, modeling,
connectivity and data analytics connect the digital and physical
worlds to improve productivity, quality, safety, transparency and
sustainability. From purpose-built products and enterprise
lifecycle solutions to industry cloud services, Trimble is
transforming critical industries such as construction, geospatial,
agriculture and transportation to power an interconnected world of
work. For more information about Trimble (NASDAQ: TRMB),
visit: www.trimble.com.
Safe Harbor
Certain statements made in this press release are
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended, and are made pursuant
to the safe harbor provisions of the Securities Litigation Reform
Act of 1995. These statements include, but are not limited to
statements relating to our sustainability strategy, priorities and
goals, targets, commitments and plans, as well as our expectations
regarding the timing of meeting those goals, targets, commitments
and plans. Actual results could vary materially from these
forward-looking statements based on a number of factors and risks,
including, but not limited to: third-party cooperation with our
sustainability plans; the cost of attaining our targets, which may
increase significantly causing us to reassess or delay achievement
of our goals; the challenges associated with monitoring and
quantifying achievement of our targets; the impact of continuously
evolving legislation, compliance with which may be difficult,
uneconomic or require significant expenditures; and the risk
factors detailed from time to time in reports filed with the SEC,
including our quarterly reports on Form 10-Q and annual report on
Form 10-K. Undue reliance should not be placed on any
forward-looking statement contained herein. These statements
reflect the Company's position as of the date of this release. The
Company expressly disclaims any undertaking to release publicly any
updates or revisions to any statements to reflect any change in the
Company's expectations or any change of events, conditions, or
circumstances on which any such statement is based.
GTRMB
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SOURCE Trimble