Recognizing Sustainability: TE Connectivity's Impact
TE Connectivity (NYSE: TEL), a prominent leader in connectors and sensors, has achieved a significant milestone by being named to the Dow Jones Sustainability Index for the 13th consecutive year. This recognition underscores the company's unwavering commitment to adopting sustainable business practices and making a positive impact on the environment.
TE Connectivity's Commitment to a Better Tomorrow
The commitment to sustainability is a core value at TE Connectivity. As CEO Terrence Curtin emphasizes, "It is important to all of us at TE that we have a positive impact on the world around us." This philosophy is not just a statement; it reflects the company's dedication to integrating sustainability into its business model, products, and practices, which is essential for fostering future growth.
Insights from the Dow Jones Sustainability Index
The Dow Jones Sustainability Index evaluates over 13,000 companies globally using a rigorous framework known as the Corporate Sustainability Assessment. TE Connectivity's inclusion indicates that the company ranks among the top 10% of firms in the S&P Global Broad Market Index. This positioning is based on various criteria, including economic performance, governance practices, and environmental and social responsibility.
Progress in Reducing Carbon Emissions
Over the past year, TE Connectivity has demonstrated significant progress in sustainability efforts, particularly regarding greenhouse gas emissions. The company’s near-term reduction targets have been validated by the Science Based Targets Initiative, a leading standard-setting authority. Notably, TE has successfully decreased its Scope 1 and Scope 2 emissions by an impressive 72% since 2020, showcasing a strong commitment to mitigating climate change.
Emphasizing Renewable Energy Use
In addition to reducing emissions, TE Connectivity now sources more than 77% of its energy from renewable resources. This transition not only supports the company's sustainability goals but also aligns with global efforts to promote renewable energy sources for a greener future.
Corporate Responsibility at TE Connectivity
TE's commitment to sustainability runs deep, forming an integral part of its corporate philosophy. The company actively engages with its stakeholders to enhance corporate responsibility efforts, which reflect the highest standards of environmental stewardship and social governance.
Explore TE Connectivity's Corporate Responsibility Reports
For further insights into TE Connectivity's corporate responsibility initiatives and to review its latest corporate responsibility report, interested parties can visit TE's dedicated sustainability page. This resource offers a comprehensive overview of the company's ongoing projects and achievements in fostering a sustainable future.
About TE Connectivity
TE Connectivity (NYSE: TEL) stands as a global industrial technology leader dedicated to creating a safer, more sustainable, and connected future. The company specializes in a wide range of connectivity and sensor solutions that facilitate the distribution of power, signals, and data across various industries, including transportation, renewable energy, automated manufacturing, data centers, and medical technology.
With a workforce of over 85,000 employees, including 9,000 engineers, TE Connectivity collaborates closely with customers in approximately 130 countries, ensuring that every connection made counts. This commitment to innovation and customer engagement is vital for advancing technology and promoting sustainable practices across industries.
Frequently Asked Questions
What does it mean for TE Connectivity to be listed on the Dow Jones Sustainability Index?
Being listed on the Dow Jones Sustainability Index indicates that TE Connectivity is recognized for its efforts in sustainable business practices, placing it among the top 10% of companies in its sector.
Who is the CEO of TE Connectivity?
The current CEO of TE Connectivity is Terrence Curtin, who emphasizes the company's commitment to sustainability and making a positive impact.
How has TE Connectivity reduced its carbon emissions?
TE Connectivity has successfully reduced its Scope 1 and Scope 2 emissions by 72% since 2020, aligning with its validated targets set by the Science Based Targets Initiative.
What percentage of TE Connectivity's energy comes from renewable sources?
More than 77% of TE Connectivity's energy consumption is derived from renewable energy sources, showcasing its commitment to sustainability.
Where can I find more information about TE Connectivity's sustainability efforts?
Additional information regarding TE Connectivity's sustainability initiatives can be found on their corporate responsibility page available through the company’s website.
