Littelfuse, Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:139,409 tCO2e/year (Market-based)
Scope 1 Emissions:32,662 tCO2e/year
Scope 2 Emissions:106,747 tCO2e/year
Scope 3 Emissions:60,300 tCO2e/year (Partial)
Renewable Energy Share:17.5% of total energy use
Total Energy Consumption:292,612 MWh/year
Water Consumption:1,911 megaliters/year
Waste Generated:19,679 tons/year
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 22% decrease in Scope 2 GHG emissions intensity
- 138% increase in renewable energy
- 12% decrease in overall energy intensity
- 84% manufacturing sites ISO 14001 certified
- 70% of our generated waste is recycled
Social Achievements
- ~20% Reduced total case incident rate
- 2.5 Hours per Employee of Ethics & Compliance training
- Increased Black and African American representation in the U.S. from 3% in 2021 to 3.5% in 2022
- Increased female leaders from 20% in 2021 to 21% in 2022
Governance Achievements
- Expanded Enterprise Risk Management, formed climate-related risk and opportunities committee and implemented supplier assessments
- Formal ESG Policy
- Manufacturing site sustainability teams
- Central ESG software to manage and internally audit our ESG data
- ~5,000 Hours of Cybersecurity and Data Privacy training globally
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- reduce scope 1 and scope 2 GHG emissions by 38% by 2035
Short-term Goals:
- Not disclosed
Environmental Challenges
- Increased Scope 3 emissions due to revenue increase and relaxed COVID travel restrictions
- Achieving 100% ISO 14001 certification (currently at 84%)
- Managing climate-related acute and chronic physical risks at manufacturing sites
Mitigation Strategies
- Developing action plans to manage Scope 3 GHG emissions
- Conducting a comprehensive review of operations to achieve 100% ISO 14001 certification
- Implementing comprehensive business continuity plans at manufacturing sites, including power backups and uninterrupted power supplies
- Utilizing climate-related risk data from Moody’s four twenty-seven (427) platform to inform decisions around development of necessary mitigation plans
Supply Chain Management
Supplier Audits: 574 significant direct material suppliers screened from an ESG risk perspective
Responsible Procurement
- Supplier Code of Conduct based on Responsible Business Alliance (RBA) standards
- Conflict Minerals Due Diligence
- Cobalt and Mica Due Diligence
Climate-Related Risks & Opportunities
Physical Risks
- Hurricanes
- Flooding
- Cyclones
- Water stress
Transition Risks
- Changes in customer applications
- Increasing cost of raw materials
- Evolving greenhouse gas regulations
Opportunities
- Increased product content and revenue from low-carbon applications (renewables, electric vehicles, etc.)
- Innovation in components enabling lower-emission products
Reporting Standards
Frameworks Used: GRI Standards - 2021, SASB, TCFD
Certifications: ISO 14001, ISO 45001
UN Sustainable Development Goals
- Goal 3: Good Health and Well-being
- Goal 5: Gender Equality
- Goal 6: Clean Water and Sanitation
- Goal 7: Affordable and Clean Energy
- Goal 8: Decent Work and Economic Growth
- Goal 9: Industry, Innovation, and Infrastructure
- Goal 10: Reduced Inequalities
- Goal 12: Responsible Consumption and Production
- Goal 13: Climate Action
Littelfuse's initiatives contribute to these goals through various programs and policies related to health and safety, diversity and inclusion, water conservation, renewable energy, ethical labor practices, innovation, and climate action.
Sustainable Products & Innovation
- Smaller, higher-performing fuses
- Components for eMobility
- Energy-efficient products
- Products supporting renewable energy, electric vehicles, battery storage, and energy-efficient applications
Awards & Recognition
- America's Best Mid-Sized Companies
- Fair Pay Award (Lithuania)