RALEIGH, N.C.--(BUSINESS WIRE)--Vontier Corporation (NYSE: VNT) a leading global provider of critical technologies and solutions to connect, manage, and scale the mobility ecosystem, announced today the release of its 2023 Sustainability Report, which highlights important milestones the Company achieved during the past year.
"Vontier’s critical role in the global mobility ecosystem provides us with the unique opportunity to help shape a more sustainable future for our industry. Whether it’s by enabling a multi-energy future or increasing the productivity of our customers, our strategy is focused on driving innovation and growth while ensuring that our actions align with our purpose and values,” said Mark Morelli, Vontier's President & CEO. “Together, we are mobilizing the future to create a better world.”
This year’s report details several key accomplishments across Vontier’s people-centered sustainability philosophy. By cultivating an environment where its teams can work in a safe, inclusive, and innovative environment, Vontier is powerfully driving better innovations, a better planet, and a better society. Highlights include:
Better Team
- Continued environmental, health, and safety progress, including top quartile TRIR and DART rates, and increased ISO 14001 certifications across global sites
- Improved leadership representation of women globally and racial or ethnic minorities in the US to 29% and 24%, respectively
Better Innovations
- Decarbonized at scale with multi-energy fueling solutions in compressed and renewable natural gas, hydrogen, and electrification
- Delivered leading operating systems across the mobility ecosystem for EV charging networks, fleets, convenience stores, and car washes, ultimately increasing the productivity of customers through automation
- Retooled auto repair shops to address the increasing complexity of repair driven by the proliferation of sensors and the electrification of the car parc
Better Planet
- Reduced absolute Scope 1 & 2 GHG emissions by 19% (from 2020 baseline), which is significant progress toward Vontier’s goals of reducing absolute Scope 1 & 2 GHG emissions 45% by 2030 and achieving Net Zero by 2050 in support of the Paris Climate Agreement
- Announced new goals regarding Scope 3 GHG emissions and water conservation to lessen environmental impacts
Better Society
- Dedicated over 32,000 hours of community service through the Vontier Day of Caring, and aligned 100% of Vontier Foundation donations within its giving pillars
"At Vontier, our sustainability efforts are rooted in action and impact, and our team’s ingenuity and commitment are reflected in our progress over the past year. Sustainability is not just a buzzword for Vontier; it is a core part of how we are advancing our businesses, and in turn, creating shareholder value and positive impacts for our customers and the world,” said Katie Rowen, SVP, Chief Legal & Sustainability Officer.
ABOUT VONTIER
Vontier is a global industrial technology company uniting critical mobility and multi-energy technologies and solutions to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves – delivering smart, safe and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement built upon the foundation of the Vontier Business System and embraced by over 8,500 colleagues worldwide. Additional information about Vontier is available on the Company’s website at www.vontier.com.
FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to, statements regarding Vontier Corporation’s (the “Company’s”) business and acquisition opportunities and anticipated earnings, and any other statements identified by their use of words like “anticipate,” “expect,” “believe,” “outlook,” “guidance,” or “will” or other words of similar meaning. There are several important risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These risks and uncertainties include, among other things, deterioration of or instability in the economy, the markets we serve, international trade policies and the financial markets, contractions or lower growth rates and cyclicality of markets we serve, competition, changes in industry standards and governmental regulations that may adversely impact demand for our products or our costs, our ability to successfully identify, consummate, integrate and realize the anticipated value of appropriate acquisitions and successfully complete divestitures and other dispositions, our ability to develop and successfully market new products, software, and services and expand into new markets, the potential for improper conduct by our employees, agents or business partners, impact of divestitures, contingent liabilities relating to acquisitions and divestitures, impact of changes to tax laws, our compliance with applicable laws and regulations and changes in applicable laws and regulations, risks relating to international economic, political, war or hostility, legal, compliance and business factors, risks relating to potential impairment of goodwill and other intangible assets, currency exchange rates, tax audits and changes in our tax rate and income tax liabilities, the impact of our debt obligations on our operations, litigation and other contingent liabilities including intellectual property and environmental, health and safety matters, our ability to adequately protect our intellectual property rights, risks relating to product, service or software defects, product liability and recalls, risks relating to product manufacturing, our relationships with and the performance of our channel partners, commodity costs and surcharges, our ability to adjust purchases and manufacturing capacity to reflect market conditions, reliance on sole sources of supply, security breaches or other disruptions of our information technology systems, adverse effects of restructuring activities, impact of changes to U.S. GAAP, labor matters, and disruptions relating to man-made and natural disasters. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our Form 10-K for the year ended December 31, 2022. These forward-looking statements represent Vontier’s beliefs and assumptions only as of the date of this release and Vontier does not assume any obligation to update or revise any forward-looking statement, whether because of new information, future events and developments, or otherwise.
