Our CSR strategy includes four key elements:
- Our Governance & Ethics
- Our People
- Our Communities
- Our Environment
Guided by our decentralized, entrepreneurial culture, our divisions are focused on these four key elements in support of our goal to be one of the world’s best-performing, highest-quality and most-respected industrial companies. ITW’s management team and Board provide oversight in monitoring and adjusting our CSR efforts in a manner that is consistent with our core values.
ITW is committed to continuous improvement in reducing our impact on the environment. In 2019, we announced a greenhouse gas emissions intensity target to reduce by 2027 the company’s combined Scope 1 and 2 GHG emissions per U.S. dollar of operating revenue by 20 percent below 2017 levels. The framework to achieve our target is operationalized at the division level. Compared with the 2017 baseline, in 2019 we have already reduced our greenhouse gas emissions intensity by 18 percent.
In the area of Our People, we made further progress toward our company goals for female representation and U.S. ethnic diversity in our leadership. Our divisions also led inclusion initiatives to strengthen colleagues’ sense of belonging. In addition, our focus on the safety of our colleagues remains paramount. Our Enterprise Safety Strategy continues to drive us toward our goal of zero accidents, and in 2019, we reduced our lost time accidents by 15 percent compared with 2018.
Finally, we continue to invest in the communities where our colleagues live and work, and where we do business. The 2018-19 school year marked our fifth year proudly supporting the ITW David Speer Academy, a high school providing STEM education to more than 1,000 students in an under-served community in Chicago. The 2019 senior class had a 99.7 percent graduation rate, with all graduates planning to pursue education beyond high school.
Thank you for your continued interest in ITW, and thank you to ITW’s dedicated colleagues around the world who support our shared CSR journey.
Christopher A. O’Herlihy