Progress towards targets Making good on our new targets and measures
After careful consideration, ABB has updated its targets for 2020
ABB’s structure of nine sustainability objectives demonstrates how we are addressing the issues identified in our last major materiality assessment conducted in 2013. For the past three years ABB has been reporting on progress in the form of our main activities and achievements towards our 2020 targets.
As a midpoint, the year 2017 presented an excellent opportunity to review whether our original measures and targets remained appropriate and relevant to the business and our stakeholders.
In the closing months of the year, we conducted an internal review to solicit input from our stakeholder panel and our Executive Committee. After careful analysis, we agreed to streamline the number of measures we report on from 21 to 11, and to update the targets for the business to achieve by 2020. We also decided to create a new framework to group the nine objectives into three core themes.
Some of the new measures require the implementation of plans and processes that cannot be applied retroactively. Thus, we are unable to report on human rights and gender but will do so in our 2018 report. We made positive progress on the other nine measures.
We are committed to delivering on our updated 2020 targets, which are key enablers of our business strategy.
Achieved
On track
In progress
Not on track
Pioneering technology
Objective |
|
2020 Target (vs 2013) |
2017 Performance |
Link to page |
|
Products, services & solutions |
Increase share of ABB eco-efficiency portfolio |
60% of revenue |
56% |
|
Responsible operations
Objective |
|
2020 Target (vs 2013) |
2017 Performance |
Link to page |
|
Safe operations |
Reduction in total incident frequency rate |
<0.7 |
0.73 |
|
|
Climate action |
Reduce greenhouse gas emissions (GHG) |
by 40% |
33% |
|
|
Resource efficiency |
Reduce water consumption in water-stressed areas |
by 25% |
19% |
|
|
Reduce waste sent for disposal |
by 20% |
15% |
|
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Right materials |
Reduce emissions from VOCs |
by 25% |
19% |
|
|
Responsible sourcing |
Closure of identified risks from supplier assessments |
>65% |
72% |
|
Responsible relationships
Objective |
|
2020 Target (vs 2013) |
2017 Performance |
Link to page |
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|
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Integrity |
Employees trained on integrity |
>96% |
96.5% |
|
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Human rights |
Training for specific job roles exposed to human rights risks |
2 campaigns per year |
New* |
|
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Our people |
Increase women in senior management |
by 30% (vs 2017) |
New* |
|
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Employees covered by the ABB well-being program |
70% |
59% |
|