Energy Efficiency, GHG Emissions, Industrial  -  September 13, 2024

Regal Rexnord Lowers Emissions by 15.5%

Regal Rexnord Corporation — a company that manufactures products that power, transmit and control motion — achieved a 15.5% year-over-year reduction in absolute Scope 1 and 2 GHG emissions and decreased its GHG emission intensity by 10.2% in 2023.

For the first time, the company's Sustainability Report released this year also includes data on the company's Scope 3 GHG emissions by way of its Scope 3 emissions inventory for 2022.

 "Environmental, social and governance considerations remained critical to successfully executing various aspects of our growth strategy in 2023," said Regal Rexnord's CEO, Louis Pinkham, in a statement. "Approximately 60% of our products now make our end users' applications more environmentally friendly. We made great progress towards our own scope 1 and 2 emissions reduction goals. Looking ahead, our strategic focus will continue to be on advancing innovation and sustainability initiatives that align with our Regal Rexnord Values, support our emission reduction targets, and help our customers meet their sustainability goals. I believe a key to our continued success is acknowledging that our customers' environmental and economic objectives tend to be intertwined, and this consideration also remains fundamental to our own growth strategy."

Regal Rexnord's annual sustainability report and accompanying disclosures demonstrate its progress around the world and provide key data and metrics prepared consistent with the Task Force on Climate-Related Financial Disclosure (TCFD), the Global Reporting Initiative (GRI), and the Sustainability Accounting Standards Board (SASB). The report covers the fiscal year that ended December 31, 2023, with reference to certain actions and developments during 2024.