Climate Change Data

ITT Inc.

Climate Impact & Sustainability Data (2019, 2019-12-31 to 2022-12-31, 2020, 2021, 2023)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:115,458 tCO2e/year (2019)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:461,533 MWh/year (2019)
Water Consumption:108,202 thousand gallons (2019)
Waste Generated:20,678 metric tons (2019)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Greenhouse gas emissions
  • Energy consumption
  • Water consumption
  • Waste disposal and recycling
  • Workplace diversity

Environmental Achievements

  • Significant reductions in water consumption by applying innovative water treatment technologies
  • Increased recycling leading to a decrease in landfill waste

Social Achievements

  • Continued focus on Diversity, Equity & Inclusion

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Implementing energy-saving solutions (efficient lighting, HVAC)
  • Evaluating options for alternative energy sources
  • Evaluating data from new businesses to improve energy efficiency

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001, AS 9100, IATF 16949, ISO/TS 22163, NADCAP, ATEX 2014, ISO 13485

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2019-12-31 to 2022-12-31

Environmental Metrics

Total Carbon Emissions:105,785 tCO2e (Scope 1 & 2, market-based)
Scope 1 Emissions:34,889 tCO2e
Scope 2 Emissions:70,544 tCO2e (market-based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:461,102 MWh
Water Consumption:108,272 thousand gallons
Waste Generated:17,025 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Diversity, Equity and Inclusion
  • Governance
  • Safety

Environmental Achievements

  • Reduced Scope 1 and 2 GHG emissions by 7% vs. 2021 and 35% vs. 2019.
  • Reduced water consumption by 7%.
  • Increased recycled materials by more than 17%.

Social Achievements

  • 32% reduction in recordable safety incidents year-over-year.
  • 60% of ITT sites had zero recordable incidents in 2022.
  • Launched and expanded global mentorship program for women and underrepresented groups.

Governance Achievements

  • MSCI ESG rating upgraded to A from BBB.
  • Implemented anti-corruption framework with whistleblower protection.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce Scope 1 and 2 GHG emissions by 10% by 2026 (vs. 2021 baseline).
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Slow progress towards DEI goals (increasing women and people of color in leadership positions) due to a competitive skills market.
  • Supply chain disruptions impacting manufacturing processes and water usage.
Mitigation Strategies
  • Expanded mentorship program and inclusive recruitment processes.
  • Developing water management projects to reduce consumption and discharge.
  • Driving further efficiencies in manufacturing processes.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Updated Supplier Code of Conduct (June 2023)

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Regulatory changes
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: ISO 9001, ISO 14001, ISO 45001, IATF 16949, ISO/TS 22163, AS 9100, ATEX 2014, NADCAP, ISO 13485, NSF/ANSI

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • EV connectors
  • Habonim valves for LNG
  • Bornemann twin-screw pumps
  • Low-emission braking technology
  • Embedded Motor Drive (EMD)
  • Digital Automated Coupler (DAC)
  • Gas Hydraulic Buffer

Awards & Recognition

  • Not disclosed

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:111,174 metric tons of GHG per year (2020)
Renewable Energy Share:60% at three Italian facilities (2020)
Total Energy Consumption:330,479 Megawatt-hours (2020)
Water Consumption:92,168 thousand gallons (2020)
Waste Generated:12,161 metric tons to landfill (2020)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • 25 percent reduction in greenhouse gas (GHG) emissions
  • 23 percent less waste sent to landfills
  • Reduced water consumption by an estimated 7.5 million gallons annually at Orchard Park, NY

Social Achievements

  • 25 percent fewer workplace incidents
  • Implementation of rigorous health protocols during the COVID-19 pandemic
  • Global rollout of Gensuite® safety software

Governance Achievements

  • Divestiture of all legacy asbestos liabilities
  • 40 percent of board members are diverse
  • Maintained an “A” rating for ESG profile from MSCI

Climate Goals & Targets

Short-term Goals:
  • Allocate up to 10 percent of annual capital expenditures towards green initiatives

Environmental Challenges

  • Navigating the COVID-19 pandemic
  • Increase in injury severity rate despite reduction in incidents
Mitigation Strategies
  • Implemented “Ready, Safe, Go!” playbook for COVID-19 response
  • Increased oversight of operations by site leaders
  • Increased use of employee safety-behavior observations and near-miss reporting
  • Global rollout of Gensuite® safety software

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, UNGC

Certifications: ISO 9001, AS9100, IATF 16949, ISO/TS 22163, NADCAP, ATEX 2014, ISO 13485

Sustainable Products & Innovation

  • Energy-efficient technology for industrial applications

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:110,522 metric tons of CO2e (2021)
Scope 1 Emissions:36,212 tCO2e (2021)
Scope 2 Emissions:74,310 tCO2e (2021)
Renewable Energy Share:24% (2021)
Total Energy Consumption:469,523 MWh (2021)
Water Consumption:116,559 thousand gallons (2021)
Waste Generated:17,987 metric tons (2021)

ESG Focus Areas

  • Greenhouse gas emissions reduction
  • Diversity, Equity and Inclusion
  • Philanthropic efforts

Environmental Achievements

  • Reduced total GHG emissions by 32% versus 2019 despite increased production volumes.
  • 60% of grid electricity usage.
  • 24% renewable energy usage.
  • Copper-free brake pad production grew to approximately 60% of total OE volume in 2021.

Social Achievements

  • Launched three new employee resource groups.
  • Launched transgender benefits in the U.S.
  • Expanded partnership with Habitat for Humanity International.
  • Expanded partnership with the National Action Council for Minorities in Engineering (NACME).

Governance Achievements

  • Updated Code of Conduct in October 2022.
  • 85% completion rate for Code of Conduct training in 2021.
  • Divested 100% of the equity of InTelCo Management LLC, removing legacy asbestos obligations.

Climate Goals & Targets

Long-term Goals:
  • Develop a path to carbon neutrality.
Medium-term Goals:
  • Increase sourcing of renewable energy for electric power used at its facilities by 2026.
Short-term Goals:
  • Reduce global Scope 1 and 2 emissions by 10% by the end of 2026 (compared to 2021).

Environmental Challenges

  • Increased waste to landfill in 2021 due to increased production volumes.
  • Increased water consumption in 2021 due to various factors including increased activity and one-time events.
Mitigation Strategies
  • Implemented projects to reduce energy usage across global locations.
  • Investing up to 10% of annual capital expenditures towards initiatives to drive energy efficiency, reduce water consumption and lessen carbon emissions.
  • Implemented a Reduce-Avoid-Offset framework to guide the company’s environmental practices.

Supply Chain Management

Responsible Procurement
  • ITT Code of Conduct
  • Supplier Expectations Protocol

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: ISO 9001, ISO 14001, ISO 45001, IATF 16949, ISO/TS 22163, AS 9100, ATEX 2014, NADCAP, ISO 13485, NSF/ANSI

Sustainable Products & Innovation

  • Copper-free brake pads
  • Electric vehicle brake pads
  • Cannon connectors for EV charging
  • i-ALERT solution
  • Bornemann Twin-Screw Pump
  • Embedded Motor Drive (EMD)
  • Matrix Composites
  • Habonim Valves

Awards & Recognition

  • 2022 VETS Indexes Employer Awards

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Safety
  • Greenhouse gas emissions reduction
  • Diversity in US suppliers
  • Green projects
  • Carbon neutrality

Environmental Achievements

  • 7% reduction in GHG emissions in 2022
  • Activated new solar installations in China, Italy, Mexico, South Korea, the Netherlands and the United States

Social Achievements

  • 10% increase in spending with diverse U.S. suppliers in 2022
  • 60% of sites had zero incidents in 2023
  • Injury severity rate decreased by roughly 5% in 2023

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Carbon neutrality
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce global Scope 1 and 2 GHG emissions by 10% by the end of 2026, compared to 2021

Environmental Challenges

  • Supply chain disruptions
  • Inflationary pressures
  • Raw material price volatility
  • Skilled labor shortage
Mitigation Strategies
  • Fixed-price supply contracts with suppliers
  • Price increases to customers
  • Productivity savings

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed