This strategy reflects a holistic CSR vision and strategic framework, which is reflective of our decentralized and diversified business profile. Furthermore, our CSR strategy is consistent with our core values of Integrity, Respect, Trust, Shared Risk and Simplicity, and our goal to be one of the world’s best-performing, highest-quality and most-respected industrial companies.
Our CSR strategy includes four key elements:
- Our Governance & Ethics
- Our People
- Our Communities
- Our Environment
We have developed goal statements for each of these elements, which can be viewed in detail here.
Our strategy also includes continued emphasis on some existing key initiatives. In 2018, we made further progress toward our company goals for female representation and U.S. ethnic diversity in our leadership. To further support our diversity & inclusion (D&I) initiative, we trained over 1,000 leaders to understand and address unconscious bias. Additionally, our focus on the safety of our employees is paramount. Through
In the community, we continue to support the ITW David Speer Academy, and we are pleased to share that after four years, the founding class completed their high school careers in 2018, with a 98 percent graduation rate and with 97 percent of students being the first in their families to attend college. We also continue to support employee and corporate giving to our communities.
As part of our strategic commitment to environmental responsibility, we remain focused on improving our environmental performance on an ongoing basis. We achieved a 6.5 percent greenhouse gas emissions intensity reduction in 2018 compared to 2017. In addition, later this year we will announce a greenhouse gas emissions intensity reduction target for the Company. The framework to achieve our emissions intensity reduction target will be operationalized at the division level, similar to how we have successfully implemented our safety and D&I frameworks.
Thank you for your interest in ITW, and thank you to ITW’s dedicated colleagues around the world who are an integral part of our successful CSR journey.
Christopher A. O’Herlihy