Littelfuse Releases 2022 Sustainability Report
03 August 2023 - 2:00PM
Business Wire
Reinforces company’s long-term commitment to
its environmental, social, and governance (ESG) initiatives
Littelfuse, Inc. (NASDAQ: LFUS), a diversified, industrial
technology manufacturing company empowering a sustainable,
connected, and safer world, has released its 2022 Sustainability
Report on Littelfuse.com. The report underscores the strength of
the company’s sustainability program.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230803554685/en/
"Littelfuse is honored to share our third
annual sustainability report, which showcases our unwavering
commitment to our values and driving positive change in the world."
- Dave Heinzmann, President & CEO. We are proud of the progress
we have made in our sustainability program over the past year; our
2022 Sustainability Report includes highlights in the following
three areas: environment - we are committed to conducting our
manufacturing operations in a manner that minimizes our
environmental impact while protecting our employees and
communities; social - we demonstrate our commitment to our
employees every day; we recognize by creating a culture where
individuals are empowered to perform at their best, our
organization operates at its fullest potential; and governance - we
have a strong foundation based on global policies and procedures,
and we know ethical decision-making and relationships based on
trust are critical components of our continued long-term success.
(Graphic: Business Wire)
"We are pleased to share our latest report, which reflects our
dedication to integrating sustainability into all aspects of our
business,” said Dave Heinzmann, Littelfuse President and Chief
Executive Officer. “When we align our strategies with environmental
responsibility, social progress, and governance practices, we
create meaningful impact for our customers, shareholders,
employees, and communities, and become more resilient as a company.
I am very proud of our global teams’ efforts to drive positive
change. Together, we are paving the way toward a brighter future
that harmonizes business success with global wellbeing.”
Highlights from the 2022 Sustainability Report, which covers the
calendar year ended December 31, 2022, include:
- Environmental:
- 22% decrease in Scope 2 GHG emissions intensity; broadened
Scope 3 disclosure
- 12% decrease in overall energy intensity
- Evolution of product environmental compliance steering
committee
- Expanded conflict minerals due diligence program to include
Cobalt and Mica
- Social:
- Increased global female leaders and U.S. Black and African
American employees
- ~20% reduction in total case incident rate
- Performed ongoing U.S. pay equity analyses
- Refined corporate values and behaviors to support long-term
growth strategy
- Governance:
- Expanded reporting framework alignment beyond GRI, SASB, and
SDGs to include Task Force on Climate-Related Financial Disclosures
Report (TCFD)
- Enhanced enterprise risk management process
- Augmented supplier due diligence program
- Implemented climate-related risks and opportunities
committee
“Our 2022 Sustainability Report exemplifies our ongoing
commitment to provide comprehensive disclosures for all
stakeholders,” said Rebekah Mihm, Littelfuse Global Ethics,
Compliance, and Sustainability Manager. “We continue to prioritize
framework alignment and data governance as demonstrated by our TCFD
report, and the implementation of ESG software. Our sustainability
program is built on a strong foundation and encompasses robust ESG
initiatives that will deliver positive impact for many years to
come.”
To learn more about Littelfuse ESG initiatives, visit our
environmental, social, and governance webpage. The 2022 Littelfuse
Sustainability Report is available for download here.
At our foundational core, it’s Littelfuse employees who make the
difference. We hire bright minds who want to make a big impact. To
explore opportunities at Littelfuse, visit
Littelfuse.com/careers.
About Littelfuse
Littelfuse (NASDAQ: LFUS) is a diversified, industrial
technology manufacturing company empowering a sustainable,
connected, and safer world. Across more than 20 countries, with
approximately 18,000 global associates, we partner with customers
to design and deliver innovative, reliable solutions. Serving over
100,000 end customers, our products are found in a variety of
industrial, transportation, and electronics end markets —
everywhere, every day. Learn more at Littelfuse.com.
“Safe Harbor” Statement under the
Private Securities Litigation Reform Act of 1995
The statements in this press release that are not historical
facts are intended to constitute "forward-looking statements"
entitled to the safe-harbor provisions of the Private Securities
Litigation Reform Act. Such statements are based on Littelfuse,
Inc.’s (“Littelfuse” or the “Company”) current expectations and are
subject to a number of factors and uncertainties, which could cause
actual results to differ materially from those described in the
forward-looking statements. These risks and uncertainties, include,
but are not limited to, risks and uncertainties relating to general
economic conditions; the severity and duration of the COVID-19
pandemic and the measures taken in response thereto and the effects
of those items on the company’s business; product demand and market
acceptance; the impact of competitive products and pricing; product
quality problems or product recalls; capacity and supply
difficulties or constraints; coal mining exposures reserves;
cybersecurity matters; failure of an indemnification for
environmental liability; exchange rate fluctuations; commodity and
other raw material price fluctuations; the effect of Littelfuse's
accounting policies; labor disputes; restructuring costs in excess
of expectations; pension plan asset returns less than assumed;
integration of acquisitions; uncertainties related to political or
regulatory changes; and other risks which may be detailed in the
company's Securities and Exchange Commission filings. Should one or
more of these risks or uncertainties materialize or should the
underlying assumptions prove incorrect, actual results and outcomes
may differ materially from those indicated or implied in the
forward-looking statements. This release should be read in
conjunction with information provided in the financial statements
appearing in the company's Annual Report on Form 10-K for the year
ended December 31, 2022.
Further discussion of the risk factors of the company can be
found under the caption "Risk Factors" in the company's Annual
Report on Form 10-K for the year ended December 31, 2022, and in
other filings and submissions with the SEC, each of which are
available free of charge on the company’s investor relations
website at investor.littelfuse.com and on the SEC’s website at
www.sec.gov. These forward-looking statements are made as of the
date hereof. The company does not undertake any obligation to
update, amend or clarify these forward-looking statements to
reflect events or circumstances after the date hereof or to reflect
the availability of new information.
LFUS-G
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230803554685/en/
Littelfuse, Inc. Investor Contact: Trisha Tuntland Head
of Investor Relations (773) 628-2163
Media Contact: Emily Davis Head of Corporate
Communications (224) 453-8259 media@littelfuse.com
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