2030 SUSTAINABILITY TARGETS
At CNH, we make accountability for sustainability performance a priority. Our sustainability strategy concentrates on four key areas: carbon footprint; circularity and eco-efficiency; inclusion, equity and engagement; and governance and commitment. These align with six of the United Nations’ Sustainable Development Goals (SDGs) to inspire progress both within our Company and beyond.
Its purpose is to focus investment, drive performance and create long-term value. We are committed to science-based measurement because we believe in delivering transparent and reliable solutions.
Delivery aligns with our stakeholders’ expectations and complements our excellence in product innovation. It enables us to make a positive sustainability impact in agriculture and construction, which results in more productive machines for our customers.
We are expanding our offering of technologies and services and leading in the development of alternative fuels. Consequently, our business is helping to improve value and safety and continues to advance customers’ operations through agile and efficient technology solutions.
In 2022, we continued to install photovoltaic solar panels on our facilities and have set a target to develop design criteria for all new products to make them fully recyclable by 2030.
We are committed to creating a diverse, equitable and inclusive environment in which all employees are valued, empowered and encouraged to make a difference. We aim to be the employer of choice in our industries and are carrying out numerous initiatives with employees and in the communities where we operate.
CARBON FOOTPRINT
New targets, science- based measurement, clear actions.
■ Commitment to Science-Based Targets Initiative (SBTi)
■ Reinforce our path of excellence on Scope 1 and 2 emissions
■ 50% reduction vs 2018 in CO₂/h of production by 2030
■ 90% share of renewable electricity by 2030
CIRCULARITY AND ECO-EFFICIENCY
We continue our path of excellence on product, water and waste optimization.
■ 100% of new products developed with sustainability design criteria by 2024
■ 90% recyclability for new products by 2030
■ 33% reduction of water withdrawal per hour of production vs 2018 by 2024
■ 50% reduction of water withdrawal per hour of production vs 2018 by 2030
■ 95% waste recovered at Company plants by 2024
■ 97% waste recovered at Company plants by 2030
INCLUSION, EQUITY AND ENGAGEMENT
Building an attractive workplace into the future.
HUMAN CAPITAL DEVELOPMENT
■ Commitment to increase representation of women in total workforce
■ Institutionalizing gender equality practices on career and compensation
■ 20% women in leadership roles by 2024
EMPLOYEES
■ Expand particiation and scope of ERGs
■ 100% employees trained in unconscious bias and “speak up” by 2024
■ 35% reduction of injury frequency rate vs 2018 by 2024
COMMUNITIES
■ Development of disaster response program in partnership with dealers in global markets
■ 100% increase in people benefitting from CHN’s local community initiatives vs 2018 by 2024
GOVERNANCE AND COMMITMENT
Discipline to deliver results.
GOVERNANCE COMMITTEE
■ Quarterly Executive Sustainability Committee chaired by CEO and ESG Board Committee established
LEADERSHIP COMPENSATION
■ 20% leadership variable compensation linked to sustainability
CNH BUSINESS SYSTEM ROLL-OUT
■ Next level lean approach to increase agility and focus on customers
CNH supports the Sustainable Development Goals
RECOGNITION AS A SOCIALLY RESPONSIBLE COMPANY
CNH’s commitment to sustainability and results achieved in this regard have once again ensured the Company’s inclusion in some of the world’s most prestigious sustainability equity indexes and resulted in ratings from specialized sector-specific agencies.
- A LIST for tackling climate change in CDP’s assessment
- AAA MSCI ESG Ratings
Our commitment has earned us recognition as one of the world’s leaders in sustainability. We are determined to advance this cause as a business focused on agriculture and construction. Some of these recognitions are shown here.
- Top 1% in S&P Global ESG Score 2022
- Prime for Corporate ESG Performance as rated by ISS ESG
Note: The use by CNH of any MSCI ESG research LLC or its affiliates (“MSCI”) data, and the use of the MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of CNH 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.
CNH is a world-class equipment and services company that sustainably advances the noble work of agriculture and construction workers.
CNH Industrial N.V.
Corporate Office: Cranes Farm Road, Basildon, Essex, SS14 3AD United Kingdom