Trimble Publishes 2022 Sustainability Report
Trimble Inc.
Trimble has published its 2022 Sustainability Report, showcasing the significant strides and pivotal moments within its sustainability journey.
Anchored in the principles and mission that drive Trimble's quest to reshape the global landscape, this report delves into how Trimble is actively "Crafting a Sustainable Tomorrow" for both our planet and the communities it engages with.
This unveiling also marks the introduction of a fresh perspective on Trimble's Environmental, Social, and Governance (ESG) commitments—namely, "Building Resilience," "Empowering People," and "Leading with Integrity," which impeccably encapsulate Trimble's approach to sustainability deeply embedded within its core business strategy.
Key highlights from 2022 encompass:
Pioneering the adoption of the Task Force on Climate-Related Financial Disclosures (TCFD), a globally recognised framework, aligning Trimble's report to provide essential insights into the company's climate-related risks and opportunities.
Enriching its executive long-term incentive programme by incorporating a "People & Planet" modifier, an innovative step to ensure executive compensation alignment with science-based carbon reduction and diversity targets.
Solidifying financial backing through a new five-year $1.25 billion revolving credit facility, instrumental in advancing two pivotal sustainability objectives: curbing Greenhouse Gas (GHG) emissions and fostering gender diversity across the organisation.
Noteworthy progress towards its renewable electricity ambition, with Trimble achieving 36 per cent of its 100 per cent renewable electricity goal by 2025. This milestone was accomplished through partnerships with local energy producers in Germany, harnessing energy from hydroelectricity plants in the US, and leveraging on-site solar installations at various global facilities.
Nurturing the leaders of tomorrow through the establishment of 28 Trimble Technology Labs (TTL) spanning 14 countries on five continents. A highlight of 2022 was the inauguration of the TTL at Edinburgh Napier University (ENU), marked by the inaugural Trimble TTL Conference, which saw the active participation of over 50 prominent academics specialising in construction, geospatial, and natural resources from across the globe.
The report serves as a comprehensive compendium of Trimble's sustainability initiatives and achievements. It casts a spotlight on the company's holistic approach to sustainability, solutions tailored for diverse industries, philanthropic endeavours via the Trimble Foundation Fund, employee engagement and development, Diversity, Equity, and Inclusion (DEI) efforts and robust governance practices.
Furthermore, the report's data adheres to Sustainability Accounting Standards Board (SASB) criteria for Electrical and Electronic Components, as well as Software and IT Services, while also aligning with the United Nations Sustainable Development Goals (UN SDGs).
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Source: Trimble
