STAMFORD, Conn.--(BUSINESS WIRE)-- November 4, 2022-- ITT Inc. (NYSE: ITT) today released its 2022 Sustainability Report, which details the company’s accomplishments in 2021 on its environmental, social and governance (ESG) initiatives and sets forth reduction targets and DEI goals. The report includes enhanced disclosures across all sustainability priorities and is ITT’s first comprehensive sustainability report since 2019.
“Today we begin the next chapter of ITT’s sustainability journey with the release of our 2022 Sustainability Report. The report was constructed based on feedback from all our stakeholders – employees, customers and investors – and outlines commitments ITT is making to advance our ESG strategy. We believe that having environmental, social and governance priorities entrenched in our strategy will drive long-term growth and shareholder value, and it’s simply the right thing to do,” said Luca Savi, Chief Executive Officer and President of ITT.
“With the release of our 2022 Sustainability Report, ITT is committing to reduce our Scope 1 and Scope 2 greenhouse gas emissions by 10% by the end of 2026, while implementing a rigorous framework to ensure data integrity. We have also published Diversity, Equity and Inclusion goals, which include filling 35% of our leadership roles with women globally, 15% of U.S.-based leadership roles with Black and Hispanic talent and tripling our philanthropic efforts to empower and serve underrepresented communities. Lastly, we are continuing to evolve our industry-leading and shareholder friendly governance practices focused on board diversity and robust, independent leadership,” continued Savi.
In addition to the environmental and social commitments established in 2022, the report highlights the following achievements in 2021:
Savi concluded: “I am excited about our sustainability journey. We will continue accelerating our ESG efforts to position our customers, communities and business for continued success. I want to thank all of our stakeholders for their support of ITT.”
About the 2022 ITT Sustainability Report The report covers initiatives and other information over the last three years with a focus on 2021 results. It incorporates 2021 metrics for all global ITT locations. Several guidelines and measurement frameworks, including those provided by the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosure (TCFD) informed the scope of this report.
For more information on ITT’s Sustainability progress, or to access the 2022 Sustainability Report, visit itt.com/sustainability.
About ITT ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries and is traded on the New York Stock Exchange under the symbol NYSE: ITT.
Safe Harbor Statement This release contains “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In addition, the conference call (including the financial results presentation material) may include, and officers and representatives of ITT may from time to time make and discuss, projections, goals, assumptions, and statements that may constitute “forward-looking statements”. These forward-looking statements are not historical facts, but rather represent only a belief regarding future events based on current expectations, estimates, assumptions and projections about our business, future financial results and the industry in which we operate, and other legal, regulatory, and economic developments. These forward-looking statements include, but are not limited to, future strategic plans and other statements that describe the company’s business strategy, outlook, objectives, plans, intentions or goals, and any discussion of future events and future operating or financial performance.
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Where in any forward-looking statement we express an expectation or belief as to future results or events, such expectation or belief is based on current plans and expectations of our management, expressed in good faith and believed to have a reasonable basis. However, we cannot provide any assurance that the expectation or belief will occur or that anticipated results will be achieved or accomplished.
Among the factors that could cause our results to differ materially from those indicated by forward-looking statements are risks and uncertainties inherent in our business including, without limitation:
The forward-looking statements included in this release speak only as of the date hereof. We undertake no obligation (and expressly disclaim any obligation) to update any forward-looking statements, whether written or oral or as a result of new information, future events or otherwise.
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Media: Kellie Harris +1 914-641-2103 kellie.harris@itt.com
Investors: Mark Macaluso +1 914-641-2064 mark.macaluso@itt.com
Source: ITT Inc.