Every corporation has a broader responsibility to society than its bottom-line. This includes enabling sustainability—whether led by government regulation or not—and it’s why we’ve committed to ambitious goals to lessen the impact of our operations. There’s no time to waste: the United Nations estimates that human activities have already warmed the planet by an average of 1°C and are continuing to add 0.2°C per decade, while extraction of the planet’s material resources has more than tripled since 1979.
As active stewards of the environment, our efforts to reduce, re-use, and recycle are minimizing the waste we create, curbing greenhouse gas emissions, lowering our consumption of electricity and water, and making the communities in which we operate cleaner and more sustainable. By 2030, we aim to halve the carbon emissions from our operations, to certify all our manufacturing sites as zero waste to landfill, and to achieve carbon neutral operations.
We’re also very active in ensuring we minimize the environmental impact of our products. We live up to our extended producer responsibilities in full compliance with international regulations like the EU’s WEEE Directive and Waste Framework Directive. We plan to invest more than $3 billion in research and development over the next 10 years to create sustainable and energy efficient solutions for our customers. We’re also aiming for a 15% reduction in emissions from our installed base of products and upstream sources by 2030. In addition, we’re harnessing the latest advances like additive manufacturing or IoT-driven data insights to increase product efficiency and to reduce waste.