Vontier Corporation
Climate Impact & Sustainability Data (2020-10 to 2021-12, 2022, 2023)
Reporting Period: 2020-10 to 2021-12
Environmental Metrics
ESG Focus Areas
- Climate Action
- Employee Well-being
- Diversity & Inclusion
- Safety
- Responsible Supply Chain
Environmental Achievements
- Reduced absolute Scope 1 and 2 GHG emissions by 8% from 2020 baseline (3,217 metric tons of CO2e)
- 69% of manufacturing sites achieved ISO 14001 certification by 2021
- ANGI's CNG technology reduces GHG emissions by up to 30% and tailpipe emissions by up to 95% compared to petroleum products.
Social Achievements
- 36% improvement in global health and safety risk scores
- Achieved ISO 45001 Occupational Health and Safety certifications at some manufacturing sites
- Military Friendly Employer recognition and a perfect score on the Human Rights Campaign (HRC) Foundation’s Best Places to Work for LGBTQ+ employees
- Launched Vontier Foundation, donating over $500,000 in 2021
- Over 2,000 employees participated in Vontier Day of Caring
Governance Achievements
- First ESG report developed from SASB and GRI standards
- Established ID&E Advisory Board and Action Plans
- Speak Up! program for reporting compliance concerns
Climate Goals & Targets
- Net Zero emissions by 2050
- Reduce absolute Scope 1 and 2 GHG emissions by 45% by 2030 from 2020 baseline
- Achieve 35% representation of women globally and 28% representation of diverse talent at senior management levels in the US by 2027
- Reduce TRIR to 0.34 and DART to 0.28 by 2026
- Achieve ISO 45001 certifications at all manufacturing sites by 2026
Environmental Challenges
- Supply chain complexity
- New safety, security, and environmental regulations
- Climate-related risks to business, customers, suppliers, and communities
Mitigation Strategies
- Forward-looking solutions and strategic mergers and acquisitions
- Robust privacy and data protection programs
- Comprehensive enterprise risk management program
- Energy kaizens to reduce energy usage and emissions
- Partnership with MIT Climate & Sustainability Consortium
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier Code of Conduct
- Conflict Minerals Policy Statement
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- New regulations
- Market shifts
Opportunities
- Development of energy-efficient products and alternative energy solutions
Reporting Standards
Frameworks Used: SASB, GRI
Certifications: ISO 14001 (partially), ISO 45001 (partially)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 10: Reduced Inequalities
- SDG 11: Sustainable Cities and Communities
- SDG 13: Climate Action
- SDG 16: Peace, Justice and Strong Institutions
Vontier's initiatives contribute to these goals through product offerings, employee programs, and community engagement.
Sustainable Products & Innovation
- ANGI alternative energy refueling systems
- Driivz EV charging platform
- Sparkion Smart Energy Storage
- VaporTEK vapor recovery technology
- Teletrac Navman telematics for fleet fuel efficiency
Awards & Recognition
- Military Friendly Employer
- Perfect score on HRC’s Best Places to Work for LGBTQ+
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Governance
- Employee Well-being
- Community Impact
- Innovation & Digitization
- Supply Chain Management
- Data Security
Environmental Achievements
- Reduced Scope 1 and 2 emissions by 19% from 2020 baseline.
- Reduced Scope 1 and 2 GHG emissions by 19% from 2020 baseline. Midterm 2030 Scope 1, 2, and 3 goals validated by SBTi.
- Six facilities powered by 100% renewable energy.
- 77% of manufacturing sites are ISO 14001 certified.
- Driivz solutions prevented 267,000 tons of CO2e and delivered 345 GWh of total energy.
Social Achievements
- Reduced Total Recordable Incident Rate (TRIR) by 30%.
- Increased representation of racial or ethnic minorities at leadership levels in the US from 20% to 24%.
- Increased global women leaders from 28% to 29%.
- Over 4,000 employees participated in Day of Caring, totaling over 32,000 volunteer hours.
- Launched Journey to Allyship program to promote inclusion.
Governance Achievements
- Received a “B” score from CDP’s Climate Change disclosure.
- Received limited assurance of 2022 Scope 1 and 2 GHG emissions from an accredited third party.
- Investigation case closure time decreased from 44 to 38 days on average.
- 98% of eligible employees completed Code of Conduct training.
Climate Goals & Targets
- Net-zero emissions by 2050.
- Reduce absolute Scope 1 and 2 GHG emissions by 45% by 2030 from a 2020 base year.
- Reduce absolute Scope 3 GHG emissions by 25% by 2030 from a 2020 base year.
- At leadership levels, achieve 35% representation of women globally and 28% representation of ethnic or racial minorities in the US by 2027.
- Reduce TRIR to 0.34 and DART to 0.28 by end of 2026.
- 100% implementation of water risk assessments and conservation plans at high-priority manufacturing sites by end of 2026.
- Achieve 100% ISO 14001 certification of manufacturing sites by 2026.
Environmental Challenges
- Reducing Scope 3 emissions (a new goal for Vontier).
- Managing water risk in high-priority manufacturing sites.
- Supply chain disruptions (implied).
Mitigation Strategies
- Developed alternative sourcing strategies (implied).
- Completed a baseline analysis of Scope 3 GHG emissions and begun engaging with suppliers and customers to identify reduction opportunities.
- Outlined a goal for reducing water use and plan to publish a Vontier Water Management Policy.
- Conducting energy kaizens to reduce energy usage and emissions.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: GRI, SASB, TCFD (implied)
Certifications: ISO 14001 (77% of manufacturing sites), ISO 45001 (54% of manufacturing sites)
Third-party Assurance: Accredited third-party (limited assurance for Scope 1 and 2 GHG emissions)
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 9 (Industry, Innovation and Infrastructure)
- Goal 11 (Sustainable Cities and Communities)
- Goal 10 (Reduced Inequalities)
- Goal 13 (Climate Action)
- Goal 16 (Peace, Justice and Strong Institutions)
Vontier's initiatives contribute to these goals through various programs and products.
Sustainable Products & Innovation
- Driivz EV charging network software
- Sparkion AI-driven energy management
- VaporTEK vapor recovery system
- Biofuel Blending System (BBS)
- Additive Injection System (AIS)
- NoPileups technology
- TunnelWatch technology
- Invenco iNFX payment solution
- Hydrogen refueling technologies
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change and GHG Emissions
- Employee Diversity and Inclusion
- Energy Management
- Employee Health and Safety
- Workforce Management
- Physical and Socio-political Risks
- Customer Privacy and Data Security
- Transition to Renewables and Alternative Energies
Environmental Achievements
- 40% reduction in absolute Scope 1 and 2 GHG emissions from 2020 base year
- 83% of global manufacturing sites ISO 14001 certified
- 77% of manufacturing waste diverted from landfills in 2023
- 1,000 trees planted in Coimbatore, India
Social Achievements
- 36% reduction in Total Recordable Incident Rate (TRIR)
- 47% reduction in Days Away, Restricted, or Transferred (DART)
- 32% representation of women in global leadership (up from 29% in 2022)
- 27% representation of ethnic or racial minorities in US leadership (up from 24% in 2022)
- 54% employee participation in Day of Caring community service
- $940,000+ in charitable donations
- $142,000 in scholarships awarded
Governance Achievements
- Launched a new Integrity Representative initiative
- Updated third-party representative due diligence process
- 39-day average closure rate for Speak Up! reports
Climate Goals & Targets
- Net-zero emissions by 2050
- Reduce Scope 1 and 2 GHG emissions by 45% by 2030 (from 2020 baseline)
- Reduce Scope 3 GHG emissions by 25% by 2030 (from 2020 baseline)
- Implement water risk assessments and conservation plans at 100% of high-priority manufacturing sites by 2026
- Divert 90% of manufacturing facility waste from landfills by 2030
Environmental Challenges
- Reducing Scope 3 GHG emissions (98% of total emissions)
- Implementing water risk assessments and conservation plans at all high-priority manufacturing sites
Mitigation Strategies
- Working with suppliers and customers to identify joint GHG reduction opportunities
- Establishing an annual questionnaire process to collect Scope 3 GHG emissions data from top suppliers
- Publishing Vontier Water Management Policy
- Adding new tools for identifying water-related conservation opportunities to VBS toolkit
- Completing preliminary site assessments to identify water scarcity and quality risks
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- Human Rights Policy
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: SASB, TCFD, GRI, UNGC
Certifications: ISO 14001, ISO 45001
Third-party Assurance: Accredited third party (limited assurance for Scope 1 and 2 emissions)
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 9 (Industry, Innovation, and Infrastructure)
- Goal 10 (Reduced Inequalities)
- Goal 11 (Sustainable Cities and Communities)
- Goal 13 (Climate Action)
- Goal 16 (Peace, Justice, and Strong Institutions)
Vontier's products and services support the transition to a decarbonized future, promote inclusive workplaces, and contribute to sustainable cities and communities.
Sustainable Products & Innovation
- ANGI hydrogen dispensing technology
- Driivz EV charging network management platform
- Gilbarco Veeder-Root BioFuel Blending System
- Matco Tools for EV maintenance
Awards & Recognition
- Newsweek's America's Most Responsible Companies
- MSCI ESG AA Leader
- Sustainalytics Low Risk
- Carbon Disclosure Project 'B'
- EcoVadis Silver and Bronze ratings
- British Safety Council International Safety Awards 2024 Distinction Winner
- JUST Capital Top Performer on Employee Wellness