Latest news with #World'sMostSustainableCompanies2025
The Sun
11 hours ago
- Business
- The Sun
ABB among TIME's World's Most Sustainable Companies
ZURICH, SWITZERLAND - EQS Newswire - 25 June 2025 - --> ABB ranked 14th in the 'World's Most Sustainable Companies 2025' list by TIME Magazine and Statista --> ABB named third most sustainable company across all industries in Switzerland --> Companies assessed on sustainable business practice, commitments & ratings, reporting standards & transparency, environmental & social stewardship ABB has been ranked 14th in TIME's 'World's Most Sustainable Companies 2025' and third in Switzerland across all industries. TIME and Statista assessed over 5,000 of the world's largest and most influential companies, considering factors such as revenue, market capitalization, and public prominence. The top 500 companies from 35 countries and 21 industries were identified using a transparent methodology involving a rigorous 4-step process and the evaluation of more than 20 key performance indicators. Companies were assessed on sustainable business practices, commitments & ratings, reporting standards & transparency, environmental & social stewardship. An overall sustainability score was calculated, with a maximum achievable score of 100. ABB achieved a score of 81.92. 'Being among the top 15 in the World's Most Sustainable Companies 2025 is testament to ABB's strategic approach of embedding sustainability into the business with a focus on transparency and accountability,' said Anke Hampel, ABB's Group Head of Sustainability. 'Our Sustainability Agenda aims to enable a low-carbon society, preserve resources and promote social progress for a net-zero future. As a global technology leader in electrification and automation, we help our customers optimize energy use, reduce emissions, and accelerate the transition to more resilient, resource-efficient operations.' ABB has set ambitious net zero targets validated by the Science Based Targets initiative (SBTi). The company aims to reduce Scope 1 and 2 emissions by 80% by 2030 and 100% by 2050, compared to a 2019 baseline. In 2024, ABB achieved a 78% reduction of Scope 1 and 2 GHG emissions since 2019 and decreased Scope 3 emissions by 8% compared to 2022. ABB has also been recognized for leadership in corporate transparency and performance on climate change by the global environmental non-profit organization Carbon Disclosure Project (CDP) securing a place on its annual 'A List' in April 2025. In May 2025, ABB received a rating of AAA (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment. Discover more about ABB's sustainability approach and progress: ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they out-perform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB).
Yahoo
a day ago
- Automotive
- Yahoo
BorgWarner Awarded on TIME's List of the World's Most Sustainable Companies of 2025
AUBURN HILLS, Mich., June 24, 2025 /PRNewswire/ -- BorgWarner has been included in the second edition of the World's Most Sustainable Companies 2025. This prestigious award is presented by TIME and Statista Inc., the world-leading statistics portal and industry ranking provider. The award list was announced on June 24th, 2025, and can be viewed on "We're honored to be recognized by TIME for our transparent sustainability reporting, emissions and energy reduction, low employee turnover, and strong safety performance," said Joseph Fadool, President and CEO, BorgWarner. "The dedication from our teams across the globe continues to drive our vision of a clean, energy-efficient world." The World's Most Sustainable Companies 2025 ranking recognizes leading companies in corporate social responsibility from around the globe. Companies were evaluated in more than 20 key performance indicators related to sustainability, such as compliance with international reporting standards, emissions, or commitment to goals and initiatives. Based on this multi-layered analysis, a score was determined for each company. Out of over 5,000 of the world's largest and most influential companies assessed, the top 500 were awarded based on revenue, market capitalization, and public prominence. Based on the results of the study, BorgWarner is ecstatic to be recognized on TIME's list of the World's Most Sustainable Companies 2025. Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of the leading data and business intelligence portal that provides statistics, relevant business data, and various market and consumer studies and surveys. About BorgWarner For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. With a focus on sustainability, we're helping to build a cleaner, healthier, safer future for all. Forward Looking Statements: This release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," "plans," "potential," "predicts," "project," "pursue," "seek," "should ," "target," "when," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Further, all statements, other than statements of historical fact, contained or incorporated by reference in this release that we expect or anticipate will or may occur in the future regarding our business strategy, goals, plans, references to future success and other such matters, are forward-looking statements. All forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. Forward-looking statements are not guarantees of performance, and the Company's actual results may differ materially from those expressed, projected or implied in or by the forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: supply disruptions impacting us or our customers, commodity availability and pricing, and an inability to achieve expected levels of recoverability in commercial negotiations with customers concerning these costs; competitive challenges from existing and new competitors, including original equipment manufacturer ("OEM") customers; the challenges associated with rapidly changing technologies, particularly as they relate to electric vehicles, and our ability to innovate in response; the difficulty in forecasting demand for electric vehicles and our electric vehicles revenue growth; future changes in laws and regulations, including, by way of example, taxes and tariffs, in the countries in which we operate; potential disruptions in the global economy caused by wars or other geopolitical conflicts; the ability to identify targets and consummate acquisitions on acceptable terms; failure to realize the expected benefits of acquisitions on a timely basis; the possibility that our 2023 tax-free spin-off of our former Fuel Systems and Aftermarket segments into a separate publicly traded company will not achieve its intended benefits; the failure to promptly and effectively integrate acquired businesses; the potential for unknown or inestimable liabilities relating to the acquired businesses; our dependence on automotive and truck production, which is highly cyclical and subject to disruptions; our reliance on major OEM customers; impacts of any future strikes involving any of our OEM customers and any actions such OEM customers take in response; fluctuations in interest rates and foreign currency exchange rates; our dependence on information systems; the uncertainty of the global economic environment; the outcome of existing or any future legal proceedings, including litigation with respect to various claims, or governmental investigations, including related litigation; impacts from any potential future acquisition or disposition transactions; and the other risks, noted in reports that we file with the Securities and Exchange Commission, including Item 1A, "Risk Factors" in our most recently-filed Form 10-K and/or Quarterly Report on Form 10-Q. We do not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements. View original content to download multimedia: SOURCE BorgWarner Inc. Sign in to access your portfolio
Business Wire
a day ago
- Business
- Business Wire
Vontier Named to TIME's World's Most Sustainable Companies 2025 List
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, has been recognized in the second edition of the World's Most Sustainable Companies 2025. The company was also recognized in TIME's 2024 list. This prestigious award is presented by TIME and Statista Inc., the world-leading statistics portal and industry ranking provider. The award list was announced today and can be viewed on The World's Most Sustainable Companies 2025 list recognizes leading companies in corporate social responsibility from around the globe. Companies were evaluated in more than 20 key performance indicators related to sustainability, such as compliance with international reporting standards, emissions, or commitment to goals and initiatives. Based on this multi-layered analysis, a score was determined for each company. Out of over 5,000 of the world's largest and most influential companies assessed, only 500 received this TIME recognition. 'We are extremely proud to be recognized again this year as a World's Most Sustainable Company,' said Katie Rowen, SVP, Chief Administrative Officer, Vontier. 'This recognition is shared among the thousands at Vontier, our customers and partners who are helping make the world better, smarter and more sustainable every day.' Vontier recently released their annual Sustainability Report highlighting key Environmental, Safety and Innovation achievements. Highlights from the report include: Recognition and Achievements: Vontier continued to earn global recognition for its corporate impact, including awards from TIME, Newsweek, USA Today, the British Safety Council and Sustainalytics. Environmental Progress: All manufacturing sites achieved ISO 14001 certification ahead of schedule. Vontier also achieved a 40% reduction in absolute Scope 1 and 2 greenhouse gas emissions from its adjusted 2020 baseline. Safety and Well-Being: Vontier continued to drive a best-in-class employee health and safety program, achieving its five-year safety performance milestones ahead of schedule. This includes days away restricted or transferred (DART), which was 0.23 in 2024 with a 2026 target of 0.28, and total recordable incident rate (TRIR), which was 0.31 in 2024 with a 2026 target of 0.34. Learning and Development: Vontier launched its Sustainability Leadership Development Program, to empower team members to become champions of sustainability within the organization. Innovative Solutions for a Multi-Energy Future: Vontier continued to help customers navigate the energy trilemma - balancing sustainability, affordability and security. Vontier's multi-energy solutions support gas, electric, CNG/RNG, biogas and hydrogen fueling. Community Engagement: Employees engaged in over 9,200 volunteer hours, reflecting Vontier's focus on making a meaningful impact in its communities and driving positive change. About Vontier Vontier (NYSE: VNT) is a global industrial technology company uniting productivity, automation and multi-energy technologies 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 and innovation built upon the foundation of the Vontier Business System and embraced by colleagues worldwide. Additional information about Vontier is available on the Company's website at
