TE Connectivity Ltd.
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:361,338 tCO2e/year
Scope 1 Emissions:71,479 tCO2e/year
Scope 2 Emissions:289,859 tCO2e/year
Scope 3 Emissions:3,799,670 tCO2e/year
Renewable Energy Share:28%
Total Energy Consumption:1,328,692 MWh/year
Water Consumption:871 million gallons/year
Waste Generated:21,113 tons/year
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 30 percent reduction in greenhouse gas (GHG) emissions on an absolute basis year over year; achieved an absolute reduction of 30 percent in fiscal 2021 (against a fiscal 2020 baseline).
- Renewable energy sourcing was implemented at approximately 35 sites globally and energy-efficiency operating standards were developed and implemented across all sites.
- Approximately 10 percent improvement in fiscal year 2021 normalized energy performance for kilowatt hours reduction.
Social Achievements
- Launched first enterprise Global Human Rights Policy in 2021; combined with training to raise awareness across the company.
- $3.5 million investment in the new African Heritage Scholarship program.
- Global inclusion training implemented for 94% of TE employees.
Governance Achievements
- Two-thirds of the 12-member board identify as diverse.
- Recognized as one of the 2022 World’s Most Ethical Companies® by the Ethisphere Institute for the eighth year in a row.
- Realigned risk assessment and risk management programs to increase focus on risk owner accountability and governance.
Climate Goals & Targets
Long-term Goals:
- Reduce absolute Scope 1 and 2 GHG emissions by more than 40 percent by 2030
Medium-term Goals:
- Reduce absolute Scope 1 and 2 GHG emissions by more than 40 percent by 2030
- Achieve 4% annual spend with diverse suppliers by 2027
Short-term Goals:
- Decrease hazardous waste disposed by 15 percent by 2025
- Decrease water withdrawals by 15 percent by 2025 at 30 TE sites with extremely high and high water stress.
Environmental Challenges
- Lingering challenges of the pandemic.
- Severe supply capacity constraints within the supply base; fast demand recovery coupled with labor shortages.
- Inconsistent use of safety equipment and/or failure to follow safe procedures when operating machinery.
Mitigation Strategies
- Exceptional resilience, flexibility and efficiency in dealing with the pandemic.
- Developing sustainability plans with suppliers despite supply constraints.
- Implementing more specific training to address identified safety risks; leveraging on-site tools such as the Don’t Walk By — Act Now program.
Supply Chain Management
Supplier Audits: 498 audits conducted in FY2021
Responsible Procurement
- Guide to Supplier Social Responsibility (SSR Guide)
Climate-Related Risks & Opportunities
Transition Risks
- Current and emerging regulations
- Reputation management
- Disaster preparedness
Opportunities
- Developing products that support customers’ needs related to climate change; using technological capabilities to develop climate-focused solutions.
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC
Third-party Assurance: Deloitte & Touche LLP
Awards & Recognition
- Named in the Dow Jones Sustainability Indices for the 10th consecutive year
- Ranked in the top 20 of Investor’s Business Daily’s 100 best ESG companies