RALEIGH, N.C.--(BUSINESS WIRE)--Vontier Corporation (NYSE: VNT) today announced the release of its 2022 ESG Report, which summarizes the company’s ambitious goals and sustainability progress since its 2020 launch as an independent public company.
"When we launched Vontier, we knew that our purpose of Mobilizing the Future to Create a Better World demanded a strong ESG commitment. The board of directors and the leadership team agreed to embed that commitment into every aspect of our company, from our strategy to our products,” said Mark Morelli, Vontier's President and CEO.
The report is inspired by Vontier’s guiding vision of accelerating smart, sustainable solutions for the road ahead, and structured around the company’s people-centered ESG philosophy. Highlights include:
- Reduced absolute Scope 1 & 2 GHG emissions by more than 8% (from 2020), significant progress toward Vontier’s goals of reducing absolute Scope 1 & 2 GHG emissions by 45% by 2030 and achieving Net Zero by 2050 in support of the Paris Climate Agreement.
- Received the Military Friendly® Employers recognition and a perfect score on the Human Rights Campaign Best Places to Work for LGBTQ+ employees.
- Established the Vontier Foundation that amplifies Vontier’s local and global impact. Vontier and its operating companies donated $500,000 to communities around the world with a focus on climate change, education, equality and inclusion, and disaster relief.
- Committed to further embedding health, safety, and environmental efficiency into our facilities with a goal of earning International Standards Organization (ISO) 45001 and 14001 certifications at all manufacturing sites by 2026.
- Expanded product offerings like the Driivz best-in-class EV charging network software with tens of thousands of chargers under management and the new hydrogen refueling dispensers from ANGI.
"As a mobility technology company that is strategically focused on creating smart sustainable solutions for the road ahead, we are fully embracing our responsibility to help solve pressing global challenges and the opportunity to harness ESG as a growth enabler,” said Katie Rowen, SVP, Chief Legal & Administrative Officer. "This report marks an exciting milestone in transparency and accountability as we share our goals, progress and accomplishments with all of our stakeholders.”
Vontier is a global industrial technology company at the forefront of solving next-gen mobility and transportation challenges. Guided by the Vontier Business System and an unwavering commitment to our customers, Vontier delivers smart, sustainable solutions for the road ahead. For more information about Vontier, visit www.vontier.com.
This release contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to statements regarding Vontier Corporation’s (the “Company’s”) business and acquisition opportunities and anticipated earnings, and any other statements identified by their use of words like “anticipate,” “expect,” “believe,” “outlook,” “guidance,” or “will” or other words of similar meaning. There are a number of important risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These risks and uncertainties include, among other things, the duration and impact of the ongoing COVID-19 pandemic, deterioration of or instability in the economy, the markets we serve, international trade policies and the financial markets, contractions or lower growth rates and cyclicality of markets we serve, competition, changes in industry standards and governmental regulations that may adversely impact demand for our products or our costs, our ability to successfully identify, consummate, integrate and realize the anticipated value of appropriate acquisitions and successfully complete divestitures and other dispositions, our ability to develop and successfully market new products, software, and services and expand into new markets, the potential for improper conduct by our employees, agents or business partners, impact of divestitures, contingent liabilities relating to acquisitions and divestitures, impact of changes to tax laws, our compliance with applicable laws and regulations and changes in applicable laws and regulations, risks relating to international economic, political, war or hostility, legal, compliance and business factors, risks relating to potential impairment of goodwill and other intangible assets, currency exchange rates, tax audits and changes in our tax rate and income tax liabilities, the impact of our debt obligations on our operations, litigation and other contingent liabilities including intellectual property and environmental, health and safety matters, our ability to adequately protect our intellectual property rights, risks relating to product, service or software defects, product liability and recalls, risks relating to product manufacturing, our relationships with and the performance of our channel partners, commodity costs and surcharges, our ability to adjust purchases and manufacturing capacity to reflect market conditions, reliance on sole sources of supply, security breaches or other disruptions of our information technology systems, adverse effects of restructuring activities, impact of changes to U.S. GAAP, labor matters, and disruptions relating to man-made and natural disasters. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2021. These forward-looking statements represent Vontier’s beliefs and assumptions only as of the date of this release and Vontier does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.