AT CNH INDUSTRIAL, SUSTAINABILITY UNDERLIES ALL BUSINESS SEGMENT STRATEGIES”
2024 SUSTAINABILITY TARGETS
CNH Industrial’s ambition is to become carbon neutral, to ensure zero serious injuries, to deliver fully recoverable life-cycle thinking, and to be fully engaged with its people. To substantiate this ambition and illustrate its strong commitment to sustainability, the Company has included 11 challenging targets for 2024 in its five-year 2020-2024 Strategic Business Plan.
Active engagement with stakeholders worldwide is crucial for creating shared value over the long term.
Short-term targets are updated annually to report the progress of existing projects and establish new targets to ensure continuous improvement and value creation.
CNH Industrial’s strategy is aligned with the 17 Sustainable Development Goals set by the UN for 2030. The Company has chosen to concentrate on six of these as the most relevant to our businesses. This is how the Company intends to continue to work for a better, sustainable future.
The Company is actively engaged in reducing CO₂ emissions associated with manufacturing processes, logistics, and the usage of its vehicles. A decarbonization strategy is being developed to shift toward more environmentally friendly solutions.
● A 50 percent reduction in CO₂ emissions per production unit compared to 2014 at Company plants worldwide ● 80 percent of total electricity consumption to come from renewable sources at Company plants worldwide ● A 20 percent reduction in kilos of CO₂ emissions per tonne of goods transported (including spare parts) compared to 2014 ● 25 percent of the product portfolio available with natural-gas powertrains
CNH Industrial takes a preventative and proactive approach to occupational safety, to minimize the risk of injury in the workplace.
● A 50 percent reduction in the frequency rate of employee injuries compared to 2014
The Company recognizes the importance of minimizing its impact on the environment, through a life-cycle approach. The aspirational goal pursued is that of its waste becoming fully recoverable.
● 100 percent of new products to include sustainability/recyclability design criteria ● 95 percent of waste recovered at Company plants worldwide
The full engagement of all its people is one of the Company’s sustainability priorities.
● 100 percent of employees involved in engagement surveys ● 50 percent increase in the number of women managers compared to 2019 ● 100 percent of Tier 1 suppliers involved in sustainability self-evaluations ● A 100 percent increase in the number of people benefiting from CNH Industrial’s local community initiatives compared to 2017
RECOGNITION AS A SOCIALLY RESPONSIBLE COMPANY
Inclusion in sustainability indexes, and the ratings received from specialized sector-specific agencies, further reflect the robustness of CNH Industrial’s commitment to sustainability. In 2020, the Company was reconfirmed as Industry Leader in the Dow Jones Sustainability Indices (DJSI) World and Europe for the 10th consecutive year, receiving a score of 89/100.
In 2020, CNH Industrial was included in the prestigious A List of the CDP Climate Change program, in recognition of its actions to optimize energy consumption, reduce CO₂ emissions, and mitigate the business risks of climate change.
It also scored A- in the CDP Water Security program, won the SAM Gold Class Sustainability Award 2021, and was awarded ISS ESG Prime status.
As at December 31, 2020, CNH Industrial was included in the following indexes: Euronext Vigeo Europe 120, Euronext Vigeo Eurozone 120, ECPI Global Agriculture Liquid Equity, ECPI World ESG Equity, ECPI Euro ESG Equity, ECPI Global Developed ESG Best-in-Class, STOXX Global ESG Leaders Index, STOXX Global ESG Environmental Leaders Index, STOXX Global ESG Social Leaders Index, STOXX Global ESG Governance Leaders Index, STOXX Global ESG Impact Index, STOXX Global Low Carbon Footprint Index, STOXX Global Reported Low Carbon Index¹, Refinitiv Diversity & Inclusion Index, and Integrated Governance Index (IGI). Furthermore, in 2020, CNH Industrial received an MSCI ESG² Rating of AAA and was a responder to the 2020 Workforce Disclosure Initiative (WDI).
Note: 1 Those listed are the main global STOXX indices in which CNH Industrial is included. 2 The use by CNH Industrial of any MSCI ESG Research LLC or its affiliates’ (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of CNH Industrial by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
Note: the 2020 highlights are in line with the Company's four sustainability priorities: Carbon Footprint, Occupational Safety, Life-Cycle Thinking, and People Engagement; variations are vs 2019
CNH Industrial is a global leader in the capital goods sector that, through its various businesses, designs, produces and sells agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles, in addition to a broad portfolio of powertrain applications.
CNH Industrial N.V. Corporate Office: 25 St. James's Street London, SW1A 1HA United Kingdom
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