Trimble releases 2022 Sustainability Report

Built around the company living its values and mission of transforming the way the world works, the report features how Trimble is ‘shaping a sustainable future’. Trimble is also introducing a new way of communicating about its environmental, social and governance (ESG) commitments — building resilience, empowering people and leading with integrity — that reflect Trimble’s approach to sustainability as part of its business strategy.

Highlights from the report include:

Trimble published its first report aligned with the Task Force on Climate-Related Financial Disclosures (TCFD), a globally recognised reporting framework, which provides stakeholders with critical information on the company’s operational climate risks and opportunities.

Trimble implemented its executive long-term incentive programme, adding a ‘People & Planet’ modifier. This ensures that Trimble’s executive compensation is aligned to its science-based carbon reduction and workforce diversity goals.

Trimble entered into a new five year US$1.25 billion revolving credit facility that will help drive progress for two of its sustainability commitments: reducing the company's greenhouse gas (GHG) footprint and increasing gender diversity with more female representation in the workplace.

Trimble made progress on its renewable electricity goal. The company is at 36% of its goal of 100% renewable electricity by 2025. Trimble has sourced energy from local producers in Germany, as well as from hydroelectricity plants in the US and onsite solar at several of its facilities worldwide.

Trimble is helping to shape the global leaders for tomorrow with 28 Trimble Technology Labs (TTL) across 14 countries on five continents. In 2022, the company celebrated its latest TTL at Edinburgh Napier University (ENU) with an inaugural Trimble TTL Conference. It welcomed more than 50 leading construction, geospatial and natural resources academics from around the world to participate in knowledge exchange and community building.

The report summarises Trimble’s sustainability initiatives and performance, highlighting the company’s sustainability approach; end user industry solutions; community philanthropy through its Trimble Foundation Fund; employee engagement and development, as well as diversity, equity and inclusion (DEI) initiatives; and governance. The report’s data aligns with the Sustainability Accounting Standards Board (SASB) standards for electrical and electronic components and software and IT services. It also aligns with the United Nations Sustainable Development Goals (UN SDGs).

Read the article online at: https://www.worldpipelines.com/business-news/08092023/trimble-releases-2022-sustainability-report/