Kennametal Inc., a leading industrial technology company, has released its Fiscal Year 2024 Corporate Responsibility Report, showcasing its continued progress in advancing its environmental, social, and governance (ESG) strategy. The report provides a comprehensive overview of the company’s commitment to sustainability and responsible business practices.
This year’s report delves into key areas important to stakeholders, including environmental, health, and safety (EHS), employee engagement, workforce training and development, diversity and inclusion, community engagement, and other material topics.
“At Kennametal, we are not just committed to driving business success but also to fostering a safer, more inclusive workplace and making a positive impact on the world around us,” said Sanjay Chowbey, President & CEO. “From advancing our conservation programs to expanding our employee resource groups, we are building on our sustainability initiatives while remaining focused on advancing our strategy, delivering value for stakeholders and positioning the company for long-term success.”
Key Highlights from the Report:
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Environmental Impact:
* Achieved a 2 percent reduction in combined Scope 1 and 2 greenhouse gas emissions.
* Decreased water withdrawal by approximately 4 percent.
* Increased waste recycling efforts by 10 percent.
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Employee Engagement and Diversity:
* Surpassed U.S. industry standard total recordable incident rates by 150 percent.
* Created three new employee resource groups to foster a more inclusive workplace.
* Enhanced the Code of Conduct and supporting resources to improve accessibility and ensure employees are informed of the company’s Culture of Accountability.
The report aligns with recognized frameworks including GRI Standards Topics, the SASB Industrial Machinery & Goods 2018 Sustainability Accounting Standards, and other environmental, social, and governance topics of interest to investors and other key stakeholders. Kennametal acknowledges the importance of the United Nation’s Sustainability Development Goals (SDG) and has aligned the SDGs with priority topics.
Kennametal, with over 85 years of experience, empowers its customers with productivity through materials science, tooling, and wear-resistant solutions. Serving industries such as aerospace and defense, earthworks, energy, general engineering, and transportation, Kennametal helps customers achieve precise and efficient manufacturing. With approximately 8,400 employees operating in nearly 100 countries, the company generated $2 billion in revenues in fiscal 2024.
To learn more about Kennametal and its commitment to sustainability, visit www.kennametal.com. You can also follow the company on social media: Instagram, Facebook, LinkedIn, and YouTube.
