The combination of Zurn and Elkay did not require us to step back from the goals and targets we had previously established for each of our sustainability pillars. Instead, we have added new targets and updated our safety target to provide better tracking against our long-term sustainability objectives.
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Reduce energy consumed per U.S. dollar of operating revenue by 15% by 2024 (compared to our 2021 baseline)
Reduce Scope 1 and Scope 2 GHG emissions intensity by 50% by 2030 (compared to our 2021 baseline)
Report on Scope 3 emissions and establish and announce science-based target for Scope 1, 2 and 3 emissions by 2023
Achieve 40 billion gallons of water saved annually through the use of our products by 2024
Increase revenue derived from products with sustainable attributes to 75% by 2024
Reduce by 15% NOx air emissions intensity per U.S. dollar of operating revenue by 2025 (compared to our 2022 baseline)
Report the emissions intensity of air pollutants (NOx, SOx, VOC, PM and HAP) based on fiscal year revenue annually beginning in 2022
Maintain less than 1% of waste directed to disposal as hazardous waste
Prevent the use of at least 15 billion disposable plastic bottles per year through consumer use of our drinking water products
Invest $90 million in engineering and R&D to enhance the sustainable aspects of our products by 2025
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Reduce the Total Recordable Incident Rate (TRIR) by 10% in 2023 (compared to our 2022 baseline)
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Increase employee engagement survey responses to 80% by 2024
Achieve Associate Inclusion Index above the industry average every year
Disclose associate diversity metrics annually
Provide every associate 1% of company time to volunteer annually
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Contribute $5 million to philanthropic initiatives by 2024
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Train 100% of associates on Code of Business Conduct and Ethics annually
Achieve 30% female representation on Board of Directors by 2024
Adopt TCFD reporting framework reporting in addition to SASB by 2022
Target 8% supplier spending with diverse businesses by 2025