Valmont Releases 2024 Sustainability Report
11 June 2024 - 10:16PM
Business Wire
Valmont® Industries, Inc. (NYSE: VMI), a global leader that
provides vital infrastructure and advances agricultural
productivity while driving innovation through technology, today
released its 2024 Sustainability Report, the company’s ninth report
since 2015.
For nearly 80 years, Valmont has delivered infrastructure and
agricultural solutions supporting our rapidly changing world. From
replacing aging infrastructure and laying the groundwork for the
energy transition to enhancing food security and connecting
communities, our work today will shape the future for the next
generation. The 2024 Sustainability Report highlights several
stories that demonstrate the company’s commitment to deliver
sustainable and innovative solutions to our customers.
“At Valmont, we understand sustainability is not only the right
thing to do, it's also a strategic lever for enhancing
profitability and shareholder value,” said Avner M. Applbaum,
President and Chief Executive Officer. “Our commitment to
conserving resources and improving life is deeply integrated into
our Valmont Business Model – driving operational efficiencies,
reducing costs and creating competitive advantages. Our innovations
in infrastructure and agriculture not only support our customers
and the planet, but also ensure the long-term success and
resilience of our business.”
Highlights of the 2024 Sustainability Report Include:
- Recommitment to 2025 environmental goals against 2018
baseline
- Considerable progress in improving our environmental
performance
- Reduction in carbon intensity from 78.13 CO2 MT/$M to 43.96
MT/$M
- Forty-six percent reduction in normalized electricity usage –
36.5 MWh/$M revenue
- Reduction in carbon intensity of combustion fuels from 7.8 CO2
MT/$M revenue to 4.4 CO2 MT/$M
- Sixty-six percent of surveyed fixtures are compliant with our
low-flow initiative
- Life Cycle Assessments on select products
- Multiple honors and awards for Environmental, Social, and
Governance (ESG) initiatives
- Notable improvements in 2023 safety metrics, including a 13.5%
Total Recordable Incident Rate (TRIR) reduction
- A record global response rate of 87% on our most recent
employee engagement survey
- Spotlight on our Indapur Taluka Galvanizing facility in India
for being awarded The Valmont Sustainability Award, the facility
made significant improvements in water and energy usage efficiency
and waste reduction
At Valmont, groups at all levels of the organization support
ESG, including board oversight and a dedicated cross-functional ESG
task force. We believe sustainability drives competitive advantages
across all functions.
About Valmont Industries, Inc.
For nearly 80 years, Valmont has been a global leader in
creating vital infrastructure and advancing agricultural
productivity. Today, we remain committed to doing more with less by
innovating through technology. Learn more about how we’re
Conserving Resources. Improving Life.® at valmont.com.
Concerning Forward-Looking Statements
This release contains forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on assumptions that
management has made in light of experience in the industries in
which Valmont operates, as well as management’s perceptions of
historical trends, current conditions, expected future
developments, and other factors believed to be appropriate under
the circumstances. As you read and consider this release, you
should understand that these statements are not guarantees of
performance or results. They involve risks, uncertainties (some of
which are beyond Valmont’s control), and assumptions. Although
management believes that these forward-looking statements are based
on reasonable assumptions, you should be aware that many factors
could affect Valmont’s actual financial results and cause them to
differ materially from those anticipated in the forward-looking
statements. These factors include, among other things, risk factors
described from time to time in Valmont’s reports to the Securities
and Exchange Commission, as well as future economic and market
circumstances, industry conditions, company performance and
financial results, operating efficiencies, availability and price
of raw materials, availability and market acceptance of new
products, product pricing, domestic and international competitive
environments, geopolitical risks, and actions and policy changes of
domestic and foreign governments. The Company cautions that any
forward-looking statement included in this press release is made as
of the date of this press release and the Company does not
undertake to update any forward-looking statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20240611709613/en/
Jorden Hansen Jorden.Hansen@valmont.com
Valmont Industries (NYSE:VMI)
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