At nVent, we improve energy efficiency, provide end-user safety, reduce installation time, add resiliency and protect the mission-critical systems that power our world. We are building a more sustainable and electrified world, and it is important that we operate in a sustainable way.
ESG and sustainability have been a critical part of who we are and how we have operated since the beginning of our company. We focus our ESG efforts in three areas: People, Products and Planet. We have made meaningful progress across these pillars. These efforts will continue as we seek to reinforce our culture, develop innovative and sustainable solutions and do our part to combat global climate change.
We have been recognized for our ESG and sustainability efforts, including being named as one of Ethisphere’s World’s Most Ethical Companies, receiving a gold sustainability rating from EcoVadis and being named one of America’s Greenest Companies by Newsweek.
Our Vision and Goals
People
A culture focused on inclusion, diversity, employee engagement, safety and integrity.
Products
Innovative solutions that deliver efficiency, safety and reduced resource consumption, creating a more sustainable future.
Planet
Responsible energy, waste and water management to help protect our natural resources.
Our Progress in 2023
In our People pillar, we increased representation of women in management globally by 4% and improved our Total Recordable Incident Rate to 0.63, an improvement of 23% compared to 2022. We also grew membership within our Employee Resource Groups by 59%.
In our Products pillar, we continued to build on our efforts to deliver innovative and sustainable solutions, reaching 85% of products in our New Product Introduction funnel with a positive ESG impact. We also set a new goal to eliminate single-use plastics from product packaging by 2030.
In our Planet pillar, we reduced total greenhouse gas emissions by 9% and increased renewable energy consumption to 15%. We also reduced water consumption by 9% and set a new goal to reduce water consumption by 25% from our baseline year of 2019 by 2030.
In our Governance focus area, we trained 100% of our professional employees and 93% of our total population on our Code of Conduct. We also reached >90% of people leaders with our Ethical Leadership Training in the past two years.
Our 2025 People Goals
- Increase representation of women in management globally by 20%
- Increase representation of racially diverse U.S. professional employees by 25%
- Reach an employee safety total recordable incident rate of ≤0.50
Our 2025 Products Goals
- Reach >90% of products in our active New Product Introduction funnel with a positive impact in at least one of our three Products ESG categories by 2025
- Eliminate 100% of single-use plastics from all product packaging by 2030
Our 2030 Planet Goals
- Achieve 50% reduction in Scope 1 and Scope 2 greenhouse gas emissions
- Reach >25% renewable energy consumption
- Achieve a 25% reduction in water consumption
2023 SUSTAINABILITY REPORT
We are pleased to announce our 2023 report, detailing the progress we have made over the course of the last year and introducing new goals for our organization. Highlights include:
Announced new goals to reduce water usage and eliminate single-use plastics from our product packaging.
Reduced total greenhouse gas emissions by 9% and increased renewable energy consumption to 15%.
Lowered our employee safety TRIR by 23% to 0.63, significantly below the Occupational Safety and Health Administration (OSHA) incidence rate for our industry.
recognition
Our ESG Stories
Supplier Diversity Month at nVent
At nVent, we celebrate a different Inclusion and Diversity focus each month. In January, our focus is on Supply Chain, specifically our Supplier Diversity Program. We embed supplier diversity into our culture because partnering with diverse suppliers increases our access to talented business partners, resulting in more innovative ideas and solutions for our customers.