Applied Industrial Technologies Releases 2023 Environmental, Social & Governance (ESG) Report
September 11 2023 - 3:15PM
Business Wire
Applied Industrial Technologies (NYSE: AIT) today announced the
release of its Environmental, Social & Governance (ESG) Report
for 2023. The Report details the Company’s progress and initiatives
across its ESG focus areas and solutions, aimed at advancing
sustainability and socially responsible business practices across
its organization.
The Report is rooted in the Company’s eight Core Values that
resonate throughout the business to guide associates and reinforce
performance standards. The Applied® Core Values include: Integrity,
Respect, Customer Focus, Commitment to Excellence, Accountability,
Innovation, Continuous Improvement, and Teamwork.
Neil A. Schrimsher, President & Chief Executive Officer for
Applied, commented, “As a critical business partner across
virtually all industrial markets, we play a significant role in
maximizing our customers’ productivity and returns across their
core operational assets – ethically and responsibly. As such, we
continue to have an opportunity and responsibility to further
develop plans, actions and results that promote sustainable and
ethical practices across our business.”
Highlights of the 2023 Report include: newly added energy
consumption and GHG emissions detail, which will serve as a
baseline for future reporting periods; expanded information on
Company sustainability solutions and initiatives; and other
broadened details on Applied’s ESG actions. The Report utilizes
Global Reporting Initiative (GRI) standards and aligns with the ESG
disclosure and reporting frameworks established by the
Sustainability Accounting Standards Board (SASB).
As part of Applied’s centennial celebration and unique to this
year’s Report, the Company’s many U.S. locations participated in a
special 100-year anniversary volunteer initiative focused on giving
back in the communities where associates live and work.
Mr. Schrimsher added, “Helping our communities has always been
part of our foundation, and we are especially pleased to spotlight
our enhanced engagement in this year’s Report. From implementing
greener practices in our operations and developing sustainable
solutions for our customers to promoting ethics and integrity, as
well as supporting the well-being of our associates and
communities, we know that building on our legacy also means being a
responsible corporate citizen.”
To learn more about Applied’s 2023 ESG Report, its business, and
related associate efforts and activities, please visit:
www.applied.com/sustainability.
About Applied® Applied Industrial Technologies is a
leading value-added distributor and technical solutions provider of
industrial motion, fluid power, flow control, automation
technologies, and related maintenance supplies. Our leading brands,
specialized services, and comprehensive knowledge serve MRO and OEM
end users in virtually all industrial markets through our
multi-channel capabilities that provide choice, convenience, and
expertise. For more information, visit www.applied.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230911074911/en/
Ryan D. Cieslak Director – Investor Relations & Treasury
216-426-4887 / rcieslak@applied.com
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