Hitachi ABB Power Grids announces Sustainability 2030
Switzerland, Zurich: Hitachi ABB Power Grids today announced Sustainability 2030 – its strategic plan for sustainability.
Through Sustainability 2030 the global technology leader has outlined its main commitments to act and drive business in a sustainable way.
Based around four pillars – Planet, People, Peace and Partnerships – the strategy draws from the UN’s Sustainable Development Goals (SDGs), where each pillar has corresponding targets that drive the business to contribute social, environmental and economic value.
Targets relating to protecting the planet, include becoming carbon-neutral in its own operations by 2030. As a first step, the business expects to have moved to 100 % fossil-free electricity by the end of 2021. It has also announced a target to halve CO2 emissions along the value chain by 2030 and is working closely with suppliers to achieve this. Other 2030 planet-oriented targets include halving waste disposed and reducing freshwater usage by 25 %.
As the partner of choice for a sustainable energy future, the business is pioneering digital and energy platforms which help customers to overcome complexity, increase efficiency and accelerate the shift towards a carbon-neutral energy future. For example, in April 2021 Hitachi ABB Power Grids launched EconiQ™ – its eco-efficient portfolio of products, services and solutions which are sustainability-oriented in design and proven to deliver a superior environmental performance compared to conventional solutions.
Claudio Facchin, CEO of Hitachi ABB Power Grids commented, “A Sustainability plan aligned with a net-zero emissions future is integral to our business, to our growth and long-term success. Through Sustainability 2030, we have defined our strategy, which combines innovative solutions with a diverse and inclusive company culture to contribute to a more sustainable society. Sustainability 2030 underpins our purpose based on powering good for a sustainable energy future.”
Source: Hitachi ABB Power Grids