Sherwin-Williams issues 2020 sustainability report
The Sherwin-Williams Company has issued its latest ESG disclosure: 2020 Sustainability Report: Building in the Good.
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development and sale of paints and coatings. It is headquartered in Ohio, USA, and has a revenue of $18b.
This covers inclusion, diversity and equity, as well as the response to COVID-19 and an appendix containing the Sustainability Accounting Standards Board (SASB) Index and the Company's Investor ESG Summary.
Sherwin-Williams sustainability successes
As detailed in the report, recent company achievements include:
- Reduced carbon emissions by nearly 17% since 2017
- Reduced employee injuries by nearly 50% since 2015
- Collected 2.5m gallons of paint for recycling since 2018
- Sherwin-Williams has developed the first non-BPA epoxy coatings for food and beverage cans
- In addition, the company has developed a powder coating comprised of 25% pre-consumer recycled plastic
- The number of sustainably advantaged products accounts for 30% of the product portfolio
- Forbes® Magazine has recognised Sherwin-Williams as one of America's Best Employers for Diversity, New Graduates, Women and Veterans
- Strengthened communities through employee service on more than 120 nonprofit boards and financial support of more than 800 nonprofit organizations.
"I am extremely proud of our global team's many accomplishments and the progress we continue to make while delivering value to our employees, customers, communities, shareholders and other stakeholders," says John G. Morikis, Sherwin-Williams Chairman, President and Chief Executive Officer. "This report reflects our holistic view of sustainability and an acceleration of our ESG journey, as we introduce new goals and aspirations under a redefined framework."
The company is not stopping here. Building on the experiences of the past few years, Sherwin-Williams has organised additional goals for the future.
Sherwin-Williams sustainability targets for 2030
By 2030, the Company intends to:
- Reduce greenhouse gas emissions by 30%
- Increase renewable energy to 50% of total electricity usage
- Reduce waste disposal intensity by 25%
Through life cycle thinking and a commitment to product stewardship, Sherwin-Williams aims to provide world-class products in a safe and responsible manner.
Jacobs amplifies sustainability practices with PlanBeyond 2
Civil engineering group, Jacobs, is reinforcing environmental, social and governance (ESG) alignment across the business, through the implementation of a new global approach, PlanBeyondSM 2.0. This will propel the integration of sustainability throughout operations and client solutions.
Jacobs provides consulting and project delivery, for both the government and the private sector. The company is headquartered in Dallas, Texas and has a revenue of US$13bn.
With the launch of PlanBeyond 2.0, sustainability will be even more deeply integrated into Jacobs' global workforce. PlanBeyond 2.0 continues Jacobs' commitment to embed sustainability across all solutions — with accelerated investment in ESG growth sectors including energy transition, sectoral decarbonisation, environmental stewardship, health and social value.
Jacobs aims to hit its sustainability targets
In 2015, the United Nations set up the 17 Sustainable Development Goals, targets agreed to by all United Nations Member States to end poverty, support the environment and create social wellbeing.
Jacobs believes that all 17 of the goals are interconnected. Through stakeholder engagement and assessment, Jacobs has identified six core SDGs, which have been turned into business objectives:
- To advance the health and wellbeing of society
- Deliver solutions for the global water and sanitation crisis
- Foster a culture of technology and innovation
- Create a fair and inclusive future for all
- Develop efficient solutions that deliver net environmental and societal gain
- Address the climate emergency
Jacobs’ employees will expand their understanding of sustainability
Additionally, Jacobs will educate and empower its employees across the company by increasing their knowledge of sustainability, so that all client solutions across its global markets can be designed to contribute toward a resilient future. Employees will:
- Have access to training courses
- Be offered project tools to reinforce sustainability plans and targets
- Be introduced to climate risk and resilience practices
"As a purpose-led company, we recognise that our biggest opportunity to positively address climate change and societal inequalities comes from the solutions we provide our clients — from the world's largest infrastructure projects to mission-critical outcomes and sustainable design", said Steve Demetriou, Jacobs Chair and CEO. "We consider it not only good business, but our obligation to channel our expansive capabilities in resilient infrastructure, regenerative design, clean water, green energy and social value toward benefitting people and the planet, while continuing to outperform and drive superior stakeholder value."
Sustainability at Jacobs means ‘Pursuing long-term business resilience and success while positively contributing toward the economy, society and the environment’ - this can’t be done without the Jacobs team understanding why sustainability is so important and achievable.