To understand the boundary for each of our sustainability priorities, we mapped the impacts along our value chain. Through this exercise, we divided our impacts into three groups:
In the following table, we have captured our updated priorities and their associated boundaries.
Changes from 2014: Due to our position as a leading power management company and our ability to impact global issues such as climate change through our operations and products, we renamed our GHG reduction and products categories as, respectively, “Climate action” and “Positive-impact products” to emphasize and reframe our contribution to key megatrends. We also added information security as a key issue due to increasing interest from internal and external stakeholders about data privacy and cybersecurity. While disclosure, economic value, operational excellence, risk management, and spills and releases continue to be important areas of focus for us, these have been removed from our list of top sustainability priorities.