Rockwell Automation Releases 《Sustainability 2023 Annual Report》

(January 19, 2024, Shanghai, China) Recently, Rockwell Automation (NYSE: ROK), one of the world's leading companies in the fields of industrial automation, informatization and digital transformation, released the "Sustainable Development 2023 Annual Report" (hereinafter referred to as "Report"). The report details the company's progress and results in sustainability, as well as how Rockwell works with the manufacturing industry and communities around the world to create impact and change around sustainability.

"For more than 120 years, we have been committed to improving the efficiency of industrial processes, which includes making full use of scarce resources." said Blake Moret, chairman and CEO of Rockwell Automation. "Today, our advanced technology and domain expertise can Helping manufacturers of all types address complex challenges so they can make high-quality products while effectively reducing negative environmental impacts."

Smart manufacturing technology plays a vital role in driving environmental, social and governance (ESG) and sustainable development. According to the eighth edition of Rockwell's annual "State of Intelligent Manufacturing Report", when manufacturers implement sustainable development and ESG policies and initiatives, improving efficiency is the primary driving factor. This shows that sustainable development is an important means for enterprises to improve operations and enhance profitability.

Rockwell’s ESG Progress in 2023

The report not only showcases how Rockwell helps 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 allow Rockwell to better embrace sustainability, but also promote the company to create a corporate culture that pays more attention to employee safety, sustainable and responsible production.

As early as 2020, Rockwell announced its carbon neutrality goal—the company plans to achieve net-zero carbon emissions targets for Scope 1 (direct) and Scope 2 (indirect) by 2030. The 2023 Annual Report details the company's efforts to achieve this goal and sets out emissions baseline information for Scope 3 (value chain), clarifying that indirect emissions from the company's value chain account for 99% of its Scope 3 carbon footprint.

The report highlights the latest ESG initiatives in 2023, including:

UN Global Compact: Rockwell joins the United Nations Global Compact. The report sets out eight United Nations Sustainable Development Goals (SDGs) where Rockwell believes it can have the greatest impact in promoting sustainable development.

Science Based Targets Initiative (SBTi): Rockwell joins this initiative co-sponsored by the United Nations Global Compact, the Carbon Disclosure Project (CDP), the World Resources Institute (WRI) and the World Wildlife Fund (WWF). The initiative aims to address corporate climate action.

Sustainable Product Design: Rockwell decided to form a new team responsible for integrating sustainable design principles, metrics and requirements into the common product development process.

Collaborating to build sustainable communities

Advanced manufacturing has a strong demand for talents with technical optimization knowledge and skills, but labor and skill shortages still plague companies in all industries. The 2023 Annual Sustainability Report highlights that Rockwell is actively working to develop a workforce that is proficient and willing to use these advanced tools. The report also highlights the importance of collaboration between government, education institutions and industry to develop the workforce skills needed today and into the future.

"At a time when labor and skill shortages are affecting manufacturers in all walks of life, whether people can adapt to advanced technologies and get opportunities to upgrade their skills has become a key factor in determining success or failure." Moret said, "If in the process of technology application By adhering to a 'people-centric' approach, we will see significant improvements in all aspects of production operations, from efficiency to employee safety, and have a positive impact on corporate profitability and sustainable development."

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