David N. Farr
Chairman and Chief Executive Officer
Emerson’s purpose as a company is to bring engineering, innovation and manufacturing together to develop solutions for the world’s most important challenges. Our goal is to leave the world in a better, safer place each and every day.
To be a successful business, we must focus on creating long-term value for our customers, employees and shareholders. We achieve success by developing industry-leading technology, investing in our people and facilities globally, and delivering results for our customers and shareholders. Our success is also measured by the positive impact we make on people, our communities and the world in which we live.
In this current Corporate Social Responsibility report, we describe how our technologies, innovations, manufacturing and services are transforming industries by providing for a more efficient use of the world’s precious resources; helping nations move their economies forward in responsible ways; enabling Top Quartile operating performance and safety in industrial plants; helping ensure human health and comfort in homes and workplaces; protecting food quality through our cold chain solutions; advancing energy efficiency and environmental conservation; and creating sustainable infrastructure for people and communities. Emerson touches so many aspects in the world we live in, and we take it very seriously to improve the lives of people around the world.
As part of operating responsibly, we have always sought to minimize the environmental impact of our business operations and to use energy and natural resources wisely to reduce waste, pollution and costs. We also recognize that Emerson has a role to play in the global effort to reduce greenhouse gas (GHG) emissions and to manage energy effectively. Since 2006, we have reported our GHG emissions for our manufacturing facilities as part of the Carbon Disclosure Project, and we have now expanded our reporting to include all facilities we operate. During fiscal 2019, we have engaged outside environmental experts to help us evaluate the leading GHG reporting protocols, industry best practices and our current global operations to develop a long-term strategy with time specific goals to reduce greenhouse gas emissions from our operations. We will issue these goals and our action plan in September 2019. We realize this is a journey to be better stewards of the global environment, and our steps and actions are important.
In an age where digital transformation is taking hold across the world’s manufacturing and industrial industries, Emerson is helping put a focus on the training and skills needed to be successful in today’s workforce – and the workforce of the future. With 10,000 baby boomers reaching retirement age every day, our customers’ industries – and our own company – need more skilled workers, and that is a critical priority for Emerson.
Emerson is tackling this challenge in three important ways. We are working with our customers on a range of initiatives to help reskill and upskill their employees to make the most of new digital tools. Second, through our scholarships and grants with educational institutions and nonprofit organizations, we are providing opportunities for young people, and especially women and minorities, to acquire the training and advanced skills sought by industries leveraging the benefits of digital transformation and automation. Third, through our “We Love STEM” campaign, hosted events and investments, we are raising awareness among younger children and their parents of the importance of a STEM education, no matter what you do in life.
We are investing in people to create an even better workplace for our employees. We continue to put a top focus on the safety and well-being of our employees in the workplace. We have reduced our total recordable injury rate globally by 38% over the past five years, but need to be ever safety-conscious. For our employees, we have implemented paid parental leave in the United States and in countries where it was not already mandated. We have also improved our healthcare program and enhanced vacation and retirement programs for U.S. employees.
In 2016, as we were going through our most recent business portfolio transformation, we surveyed thousands of our employees worldwide to identify the global values that bring us together, serve as our foundation, and make Emerson unique and stronger as a business. This initiative helped us better articulate the behaviors and expectations we have of our employees and our organization. In this year’s report, we highlight how we reinforce our culture through the professional and leadership development programs managed by our Emerson Learning Centers globally. We focus on making Emerson more relevant to our employees, customers and shareholders each and every day.
We are committed to increasing diversity in our workforce and fostering a culture in which every employee is valued and respected, ensuring we have the workforce needed to keep Emerson strong and competitive today and in the future. More than 9,000 of our employees globally have gone through unconscious bias awareness training. We view every job opening and promotion as an opportunity to ensure that qualified diverse candidates are being identified and considered. I especially want to recognize our Women in STEM employee resource group, which has grown rapidly and is playing an important role in helping our company provide a strong support network to help develop and retain women, especially in engineering and management roles. We further promote a diverse and inclusive workplace through our Blacks Reinforcing Diversity, LGBTQ + Allies and Veterans employee resource groups, and we encourage all employees to participate to support greater dialogue and understanding.
Strengthening the communities where we live and work through our company’s charitable contributions and employee volunteerism is a fundamental part of our culture, and it remains strong and active thanks to all of our employees. In this report, we highlight some of the more than 1,000 organizations and initiatives Emerson and our employees are supporting in the United States, China, India and other countries where we operate. Our combined efforts with our employees and these organizations are making a positive impact on the people being served and our communities.
I want to thank our Board of Directors, our management team and our employees around the world for their support. Through this report and other communications, we are pleased to share our activities and progress with our stakeholders, and we will strive to improve each and every year.
My personal regards,
David N. Farr
Chairman and Chief Executive Officer