Tenneco is meeting 2021 Sustainability Goals early and announces New Goal
Tenneco published its third annual Sustainability Report on Sept. 15, 2021 /PRNewswire/ -- Tenco Inc. (NYSE: TEN) today published the company's third sustainability report. The report, focusing on operations during 2020, highlights Tenneco's progress in sustainability - including the completion of a formal materiality assessment; the development of an underlying framework to align the company'' corporate strategy with sustainability
Tenneco's report was prepared in accordance with the Global Reporting Initiative (GRI) Standards and covers metrics within the SASB'S Auto Parts Industry Standards, and features updates on a broad range of its E
- Tenneco launched the IDEA (Inclusion, Diversity, Equity, Action) Board to promote an inclusive culture, engage in thoughtful dialogue, and help attract and support diverse talent.
- Our Planet: Tenneco is committed to minimizing the environmental impact of its operations through energy efficiency and sourcing renewable energy. In 2020, Tenneco reported a 2.9 percent reduction in Greenhouse Gas (GHG) emissions intensity and 4.8 percent improvement in energy intensity enterprise wide. It also reduced waste intensity in select business units by 3.7 percent.
- In 2020, 41 percent of revenue came from products from the Clean Air and Powertrain business segments of Tenneco that direct contribute to fuel efficiency or emissions reduction. The company also saw a 97 percent increase in the number of plants that were certified for product quality management (IATF 16949) to 92 percent in 2019.
Tenneco remained committed to the safety of our global team members in a challenging 2020, while continuing to improve our ability to operate our business in sustainable, responsible manner. We know that "good governance, risk management and managing our business impact remain the top priorities of us; we know ESG management is the key to our strategy, financial performance, customer relationships, and investor expectations, as well as our continued goal
In 2021, Tenneco appointed Kim Yapchai to the post of senior vice president and chief environmental, social and governance (ESG) officer. He added the ESG role to its executive leadership team.
"Although we achieved our 2021 goals a year early, we are focused on strengthening our business by meeting or exceeding our new goals and reporting progress. Yapchai added that our team members drove this and made a positive impact on our neighbors and the world around us.
Tenneco introduced a new set of long-term sustainability goals, achievable by 2030 from the 2020 baseline. This includes commitments to increasing gender diversity globally and minority groups representation in the United States to one-third each at the manager level or above, reducing its scope 1 and scope 2 GHG emissions by 30 percent; decreasing operational energy demand by
"We recognized our progress in the past and are excited about achieving these new goals over the next nine years with a focus and increased dedicated resources to deliver results. Sustainability is the key to an excellence in the business and is one example of our corporate value, to 'Make Tomorrow Better' in action," concluded Yapchai.
Click here to view the full Sustainability Report of Tenneco 2020.
About Tenneco. Tenneco is one of the world's leading manufacturers, engineers and marketers of automotive products for original equipment and aftermarket customers. With full year 2020 revenues of $15.4 billion and approximately 73,000 team members working at more than 270 sites
To learn more, visit www.tenneco.com. .
Safe Harbor is a safe harbor. This release contains forward-looking statements. The forward-looking statements are subject to a variety of risks and uncertainties that may be able to materially differ from those described in the forward forward statements, including general economic, economic and economic conditions, the effects of the COVID Given these risks and uncertainties, investors shouldn't use forward-looking statements to predict actual results. The forward-looking statements in this release are made as of the date of this communication, and, except as required by law, Tenneco does not undertake any obligation to publicly disclose changes or updates to forward forwarding statements. The company's SEC filings are often detailed to detail these risks and uncertainties, including its annual report on Form 10-K for the year ended December 31, 2020 and quarterly reports on the Form 10Q for quarters ended March 31, 2021
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SOURCE Tenneco Inc.