nVent's Latest ESG Report Highlights 2022 Progress
21 Junho 2023 - 10:00AM
Business Wire
Report details progress within its three focus
areas of People, Products and Planet
nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in
electrical connection and protection solutions, today announced the
release of its 2022 Environmental, Social and Governance (ESG)
Report. The report shares nVent's 2022 achievements in each of its
three ESG focus areas of People, Products and Planet and provides
updates on progress towards its long-term goals. The report also
highlights how nVent solutions are helping build a more sustainable
and electrified world.
nVent Chair and Chief Executive Officer Beth Wozniak said, “At
nVent, we are committed to ESG and continuous improvement. ESG is
core to our strategy and how we operate, and I’m proud of the
progress we are making. We are having a positive impact on our
customers, suppliers, employees and communities.”
2022 ESG Report Highlights
nVent made significant progress in several key areas of its ESG
strategy. Accomplishments in 2022 include:
- Increasing representation of women in management globally and
racially diverse U.S. professional employees.*
- Improving the ‘Employee Satisfaction + Recommend’ score by two
percentage points in its latest employee engagement survey.
- Reaching 76% of products in its New Product Introduction funnel
with a positive ESG impact.
- Reducing CO2e emissions by 7% and increasing renewable energy
consumption by two percentage points.*
- Growing its spending with diverse suppliers 8%.*
A full copy of the 2022 ESG Report can be downloaded at
nVent.com/ESG.
*improvement relative to 2021
About nVent
nVent is a leading global provider of electrical connection and
protection solutions. We believe our inventive electrical solutions
enable safer systems and ensure a more secure world. We design,
manufacture, market, install and service high performance products
and solutions that connect and protect some of the world's most
sensitive equipment, buildings and critical processes. We offer a
comprehensive range of enclosures, electrical connections and
fastening and thermal management solutions across industry-leading
brands that are recognized globally for quality, reliability and
innovation. Our principal office is in London and our management
office in the United States is in Minneapolis. Our robust portfolio
of leading electrical product brands dates back more than 100 years
and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and
TRACER. Learn more at www.nvent.com.
nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are
trademarks owned or licensed by nVent Services GmbH or its
affiliates.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains statements that we believe to be
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, are forward-looking statements.
Without limitation, any statements preceded or followed by or that
include the words “targets,” “plans,” “believes,” “expects,”
“intends,” “will,” “likely,” “may,” “anticipates,” “estimates,”
“projects,” “forecasts,” “should,” “would,” “could,” “positioned,”
“strategy,” “future,” “are confident,” or words, phrases or terms
of similar substance or the negative thereof, are forward-looking
statements. All statements made about the ECM Industries
acquisition, including the anticipated benefits of the acquisition,
are forward-looking statements. These forward-looking statements
are not guarantees of future performance and are subject to risks,
uncertainties, assumptions and other factors, some of which are
beyond our control, which could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements. These factors include our ability to integrate the ECM
Industries acquisition successfully; our ability to retain
customers and employees of ECM Industries; adverse effects on our
business operations or financial results, including due to the
overall global economic and business conditions impacting our
business; the ability to achieve the benefits of our restructuring
plans; the ability to successfully identify, finance, complete and
integrate acquisitions; competition and pricing pressures in the
markets we serve, including the impacts of tariffs; volatility in
currency exchange rates, interest rates and commodity prices;
inability to generate savings from excellence in operations
initiatives consisting of lean enterprise, supply management and
cash flow practices; inability to mitigate material and other cost
inflation; risks related to the availability of, and cost inflation
in, supply chain inputs, including labor, raw materials,
commodities, packaging and transportation; increased risks
associated with operating foreign businesses, including risks
associated with the conflict between Russia and Ukraine and related
sanctions; the ability to deliver backlog and win future project
work; failure of markets to accept new product introductions and
enhancements; the impact of changes in laws and regulations,
including those that limit U.S. tax benefits; the impact of the
novel coronavirus 2019 (“COVID-19”) pandemic; the outcome of
litigation and governmental proceedings; and the ability to achieve
our long-term strategic operating goals. Additional information
concerning these, and other factors is contained in our filings
with the Securities and Exchange Commission, including our Annual
Report on Form 10-K and our Quarterly Reports on Form 10-Q. All
forward-looking statements speak only as of the date of this press
release. nVent assumes no obligation, and disclaims any obligation,
to update the information contained in this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230621959385/en/
Media Contact Stacey Wempen Director, External
Communications nVent 763.204.7857 Stacey.Wempen@nVent.com
Investor Contact Tony Riter Vice President, Investor
Relations nVent 763.204.7750 Tony.Riter@nVent.com
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