The report details several key highlights, including a 9.3% reduction in Scope 1 and 2 emissions year-over-year, moving towards a target of a 42% absolute reduction by 2030 from a 2024 baseline. Additionally, the company achieved 37% renewable electricity usage, a 12% increase from the previous year, and aims for 100% renewable electricity across all locations by 2030. Kimball also reported a 92% beneficial use of waste, supporting its 'zero waste' target, and a 12% increase in recycled water usage, with a goal of recycling one-third of water globally by 2030.
The report emphasizes the importance of governance and accountability, with executives' compensation linked to the achievement of sustainability targets. Kimball Electronics has received high ratings from various ESG rating agencies, including an A- Leadership level score in CDP Climate Change and recognition in the S&P Global CSA 94th Percentile.
The publication of this report is expected to positively influence investor sentiment and enhance the company's reputation in the market, as it demonstrates a strong commitment to sustainability and responsible business practices. The report is available on the company's sustainability webpage, further promoting transparency and stakeholder engagement.
