Emerson Electric Co. is a diversified industrial company based in the United States of America. The company was founded in 1890 and has since grown to become a global leader in the manufacturing of products and providing services in the areas of automation solutions, climate technologies, and tools and storage solutions. With a presence in over 150 countries, Emerson Electric Co. has a workforce of over 87,000 employees and a market capitalization of over $60 billion.
As the world continues to grapple with the effects of climate change, decarbonisation has become a key focus for many industries. Emerson Electric Co. has recognized the importance of decarbonisation and has made significant efforts to reduce its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions by 20% by 2025 and has already made progress towards achieving this goal. In 2020, Emerson Electric Co. reduced its greenhouse gas emissions by 8.5% compared to the previous year.
One of the ways in which Emerson Electric Co. is working towards decarbonisation is through the use of renewable energy. The company has invested in renewable energy projects and has set a target to source 50% of its electricity from renewable sources by 2030. To achieve this target, Emerson Electric Co. has entered into corporate power purchase agreements (PPAs) with renewable energy providers. These agreements allow the company to purchase renewable energy at a fixed price, providing long-term cost certainty and reducing its reliance on fossil fuels.
In addition to investing in renewable energy, Emerson Electric Co. is also focused on improving its energy efficiency. The company has implemented a number of energy-saving initiatives, including the installation of energy-efficient lighting and HVAC systems in its facilities. Emerson Electric Co. has also implemented a corporate energy management system to track and manage its energy use, helping to identify areas where energy savings can be made.
Emerson Electric Co. is committed to sustainability and has been recognized for its efforts in this area. The company has been included in the Dow Jones Sustainability Index for 11 consecutive years and has been named one of the World's Most Ethical Companies by the Ethisphere Institute for 14 consecutive years.
In addition to its focus on sustainability, Emerson Electric Co. is also committed to innovation. The company invests heavily in research and development, with a focus on developing new technologies and solutions that can help its customers improve their operations. Emerson Electric Co. has a strong portfolio of patents and has been recognized for its innovation by being named one of the Top 100 Global Innovators by Clarivate Analytics.
Emerson Electric Co. operates in a number of different industries, including process automation, industrial automation, climate technologies, and tools and storage solutions. The company's process automation business provides solutions for industries such as oil and gas, chemical, and power generation. Its industrial automation business provides solutions for industries such as automotive, aerospace, and food and beverage. The company's climate technologies business provides solutions for heating, ventilation, air conditioning, and refrigeration systems. Its tools and storage solutions business provides solutions for industries such as construction, automotive, and aerospace.
Emerson Electric Co. has a strong focus on customer satisfaction and has been recognized for its customer service. The company has a global network of service centers and provides 24/7 support to its customers. Emerson Electric Co. also offers training and education programs to help its customers get the most out of its products and solutions.
In conclusion, Emerson Electric Co. is a diversified industrial company that is committed to sustainability, innovation, and customer satisfaction. The company is focused on decarbonisation and is investing in renewable energy and energy efficiency initiatives. Emerson Electric Co. operates in a number of different industries and provides solutions that help its customers improve their operations. With a strong focus on innovation and customer service, Emerson Electric Co. is well-positioned to continue to grow and succeed in the future.