Based around four pillars – planet, people, peace and partnerships – Hitachi ABB Power Grids’ sustainability target draws from the UN’s Sustainable Development Goals (SDGs).
According to the global technology group, each of its sustainability pillars in its Sustainability 2030 strategy has a corresponding SDG target. The firm envisions that this will drive the business to contribute social, environmental and economic value.
The company announced on 3 June that this strategy supports all SDGs and is making a deeper contribution to:
- Good health and well-being (SDG 3),
- Quality education (SDG 4),
- Gender equality (SDG5),
- Clean water and sanitation (SDG 6),
- Affordable and clean energy (SDG 7),
- Responsible consumption and production (SDG 12),
- Peace, justice and strong institutions (SDG 16), and
- Partnerships for the goals (SDG 17).
Targets relating to protecting the planet, include becoming carbon-neutral in its own operations by 2030. As a first step, the business expects to have moved to 100% fossil-free electricity by the end of 2021.
It has also announced a target to halve CO2 emissions (minimal use of carbon offsets 2019 baseline) along the value chain by 2030 and is working closely with suppliers to achieve this. Other 2030 planet-oriented targets include halving waste disposed (2013 baseline) and reducing freshwater usage by 25%.
Why these sustainability targets where chosen
The group disclosed that as the partner of choice for a sustainable energy future, the business is pioneering digital and energy platforms. These platforms will help customers to overcome complexity, increase efficiency and accelerate the shift towards a carbon-neutral energy future.
For example, in April 2021 Hitachi ABB Power Grids launched EconiQ – its eco-efficient portfolio of products, services and solutions which are sustainability-oriented in design and proven to deliver a superior environmental performance compared to conventional solutions.
Employing around 36,000 people in more than 90 countries, the business has set people targets that enable its employees to feel safe and perform at their best. Through Sustainability 2030, it is striving for zero harm and top quartile health absence rates.
The business has recently introduced its Diversity 360 vision for diversity and inclusion. It has set specific targets to improve female diversity from 19% to 25% by 2025; and nurture a life-long learning culture, where the business is establishing an integrated learning framework to increase opportunities.
From a peace perspective, the business has set the target to strive for zero incidents of corruption and bribery. On 1 February 2021, Hitachi ABB Power Grids appointed Dominique Abrokwa as its Global Head of Integrity to oversee its programmes and strategies relating to the prevention, detection and resolution of integrity and trade risks.
Addressing a carbon-neutral energy future
Collaboration is vital to enabling the energy transition at the rapid pace required. The business, which has placed co-creating solutions with customers and partners at the heart of its technology philosophy, has established a target to increase involvement in multi-stakeholder partnerships.
The focus is on building partnerships that will help to accelerate the transition towards a carbon-neutral energy future.
Hitachi, who have an 80.1% majority shareholder in the business, has made their strategy for achieving a sustainable world to be a global leader in the Social Innovation Business. Hitachi is committed to making improvements in social, environmental, and economic value, as well as contributions to people’s quality of life and enhanced customer value.