Regal Rexnord Unveils Annual Sustainability Report Highlights

Regal Rexnord's Annual Sustainability Report Released

Regal Rexnord Corporation (NYSE: RRX) recently published its annual Sustainability Report, which outlines its progress towards sustainability goals set for 2032. This comprehensive report details how sustainability, social responsibility, and good governance form a critical part of the company’s growth strategy.

Innovative Products and Sustainable Solutions

One major focus for Regal Rexnord is the development of innovative products and sustainable solutions that bring value to customers. This involves a rigorous consideration of environmental impacts in the design and manufacturing processes. The company aims to ensure that its offerings not only meet customer needs but also contribute positively to the environment.

Diversity and Inclusion in the Workplace

Additionally, Regal Rexnord places a significant emphasis on creating a diverse and inclusive workplace. By leveraging the unique perspectives of its associates, the company fosters innovation and drives success across multiple fronts, including for customers and shareholders alike. This strategic focus on diversity is integral to maintaining a competitive edge in the market.

Corporate Governance as a Cornerstone

A sound corporate governance framework is another cornerstone of Regal Rexnord’s strategy. Effective governance practices are deemed essential for managing risks and ensuring that the company can operate responsibly and efficiently in today’s complex business landscape.

Strategic Milestones Achieved

In recent times, Regal Rexnord reached two significant strategic milestones: the acquisition of Altra Industrial Motion Corp., which solidified its position in industrial power transmission and expanded its role in industrial automation, and the strategic divestiture of its Industrial Systems business, a decision aimed at refining its focus on the most promising growth opportunities. These actions reflect a commitment to building a resilient and rapidly growing portfolio.

Commitment to Carbon Neutrality

As part of its commitment to environmental responsibility, the company outlined its goal to achieve carbon emission neutrality across Scope 1 and 2 greenhouse gas emissions by 2032. In a positive development, Regal Rexnord reported a 15.5% reduction in absolute Scope 1 and 2 GHG emissions in the past year, alongside a decrease in GHG emission intensity by 10.2%. They also expanded their reporting this year to include Scope 3 emissions data for the first time, marking a significant step towards comprehensive sustainability reporting.

Leadership Insights

Louis Pinkham, Regal Rexnord's CEO, emphasized the importance of integrating environmental, social, and governance considerations into the company's growth strategy. He highlighted that around 60% of their products are designed to enhance sustainability for end users. Pinkham also noted that over 80% of associates participated in a recent engagement survey, outpacing industry norms, which indicates a strong internal culture and engagement.

Future Focus on Sustainability and Innovation

Looking forward, Regal Rexnord's strategy will continue to advance sustainability initiatives aligned with their core values. The company is eager to support customers in achieving their own sustainability objectives while furthering its mission for innovation.

About Regal Rexnord

With a workforce of 30,000 associates, Regal Rexnord is dedicated to delivering sustainable solutions that power, transmit, and control motion. Their products range from electric motors to sophisticated automation systems, all designed to meet the needs of various industries, including factory automation, aerospace, medical, and alternative energy.

Conclusion

As Regal Rexnord continues to innovate and enhance its sustainability efforts, they remain committed to creating a better tomorrow through their products and initiatives. Their annual sustainability report serves as a testament to their ongoing efforts and achievements in this vital area.

Frequently Asked Questions

What is the purpose of Regal Rexnord's Sustainability Report?

The report highlights the company's progress towards its sustainability goals, emphasizing environmental and social responsibility as part of its growth strategy.

What milestones did Regal Rexnord achieve recently?

Recently, the company acquired Altra Industrial Motion Corp. and sold its Industrial Systems business to focus on more valuable growth opportunities.

What are Regal Rexnord's targets for carbon emissions?

Regal Rexnord aims to achieve carbon emission neutrality across Scope 1 and 2 GHG emissions by the year 2032.

How does the company promote diversity and inclusion?

Regal Rexnord fosters a diverse workplace by encouraging the participation of associates from various backgrounds to drive innovation and success.

Who leads Regal Rexnord, and how do they view sustainability?

CEO Louis Pinkham leads Regal Rexnord and emphasizes the importance of integrating sustainability goals into the company’s growth strategy for mutual benefit.

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