The concepts of operating a sustainable business and making environmentally conscious decisions are not new to us. We have continually improved our environmental management, our people strategies, and our management processes. As ESG priorities have become more clearly defined and this holistic measure of business has evolved, we’ve been watching, listening, and learning.
Now we’re joining the conversation in a more meaningful way: we’re defining, measuring, and creating formal strategies centered on ESG principles.
What we’ve accomplished so far is only the beginning. We’ve already been successful, but we’re still at the start of our journey – one that will be further rooted in ESG platforms and concepts. One of our core company values is positive discontent. It pushes us to do more, be better, and have a greater positive impact in our world.
Our new ambition to achieve Net Zero greenhouse gas (GHG) emissions by 2050 is just the next step in our young journey. What started in 2019 as an effort to collect and analyze our company data for our first ESG Report continues today as an enterprise-wide business review that is expected to continue into 2023.
In August, we created our new Vice President of ESG and Chief Compliance Officer (CCO) position and finished a multiple-department reorganization to form a new Risk & Compliance Department that reports to the new VP of ESG and CCO. This group will define and implement our ESG strategy, activities, monitoring, and compliance.
As our enterprise-wide assessment continues, we will continue to review our processes in the context of the developing ESG landscape. We expect to identify further opportunities to reduce our environmental impact, and to make even greater operational reductions in energy, emissions, water, raw materials, and waste. We also expect to bolster our initiatives around diversity and inclusion, human capital, safety and health, and our governance objectives, among other areas.
Our company has been based in ESG-related principles since the beginning. Each new chief executive introduced initiatives that strengthened our commitments to the environment, our people, and our processes.