Our 2021 goals deepen our sustainability efforts and strengthen our management by driving us toward higher standards of excellence. In 2016, after undertaking a benchmark of best-in-class and aspirational goals across our own industry and others, Southwire leadership developed a new bold goal and supporting metrics for each of our sustainability tenets. Further, we demonstrate alignment to the UN Sustainable Development Goals to show how our strategic priorities support the collective efforts toward global progress.
This sustainability report includes 2016 data as the baseline for these metrics, against which we will continue to track and report progress for the next four years.
- 2021 Growing Green Goals
Our goal to improve our operational eco-efficiency aligns with SDG 12 to “ensure sustainable consumption and production patterns.” Specifically, our efforts to send zero waste to landfill support Target 12.5: “By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse.” Our goals to improve energy and water intensity support Target 12.2: “By 2030, achieve the sustainable management and efficient use of natural resources.” Learn how Southwire is responsibly managing operational waste, energy, air emissions, water and wastewater.
2021 SUSTAINABILITY GOALS & TARGETSAchieve top decile DJSI (Dow Jones Sustainability Index) performance in operational eco-efficiency
TARGET 2016 BASELINE 2017 STATUS Reduce energy and greenhouse gas (GHG) emissions intensity by 15% through conservation and the use of renewable energy by 2021 Energy: 1,041 kWh/ton
GHG: 0.37 MT CO2e/ton
Energy: 996 kWh/ton
GHG: 0.36 MT CO2e/ton
Achieve zero operational waste to landfill status at all locations by year-end 2017 and maintain status with growth through 2021 74% 100%* Further reduce water intensity by 10% over 2016 baseline by 2021 213 gal/ton 222 gal/ton*Does not include sites acquired in 2016 (Sumner and UCI) and 2017 (DCN).
- 2021 Living Well Goals
Southwire’s safety goal and targets align with SDG 3 to “ensure healthy lives and promote well-being for all at all ages.” Read more about how Southwire contributes to employees’ good health and well-being here.
2021 SUSTAINABILITY GOALS & TARGETSAchieve best in class safety performance at Southwire
TARGET 2016 BASELINE 2017 STATUS Achieve 10X increase in injury-free event (IFE) reporting by 2021 46.8 * Achieve 75% decrease in the total recordable injury rate by 2021 1.71 1.30
Achieve Occupational Safety and Health Administration (OSHA) Voluntary Protection Program (VPP) or equivalent certification at all sites by 2021 38% 36%***New IFE reporting process in development and is targeted for completion at the end of 2018. IFE were not measured on an enterprise level in 2017.
**In 2017, one additional site was certified; however, two VPP sites were closed.
- 2021 Giving Back Goals
Southwire is widely known for our Giving Back culture and programs. We have long engaged with and supported all the communities in which we operate. We have a longer history of activity in and around Carrollton, Ga., where our operations began, and where we have an established electronic waste collection program. Our educational and environmental programs are helping to build sustainable cities and communities wherever Southwire operates. Read more about how Southwire innovates for sustainable cities here and our contributions to communities in need here.
2021 SUSTAINABILITY GOALS & TARGETSEnable and engage our workforce in building more sustainable communities
TARGET 2016 BASELINE 2017 STATUS Launch environmental outreach programs in 100% of the communities in which we operate 4% of communities 4% of communities
- 2021 Doing Right Goals
Southwire’s Doing Right goal aligns with SDG 16 to “promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.” We have initiatives in place to help Southwire contribute to Target 16.5: “Substantially reduce corruption and bribery in all their forms,” and Target 16.6: “Develop effective, accountable and transparent institutions at all levels.” By working toward these targets, Southwire will achieve external recognition as an ethical company. Read more about our programs for ethics, anti-corruption and transparency here.
2021 SUSTAINABILITY GOALS & TARGETSEnsure the highest standard of ethical business practices within all our operations
TARGET 2016 BASELINE 2017 STATUS Achieve recognition on Ethisphere’s World’s Most Ethical Companies list by 2021 No ranking Gap analysis completed, and action plans developed
- 2021 Building Worth Goals
Southwire’s greatest contribution to the Sustainable Development Goals comes through SDG 9 to “Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.” Development of innovative technologies and solutions is core to Southwire’s culture and differentiates us from others in the industry. Our customers in the electric utility, OEM, industrial and construction sectors create and maintain infrastructure in the U.S. and beyond. By achieving our goal to develop and commercialize four breakthrough solutions to customers’ sustainability challenges, Southwire will directly enable Target 9.4: “By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes.” Read more about our technology and innovations here.
2021 SUSTAINABILITY GOALS & TARGETSDevelop and commercialize four breakthrough solutions to customers’ sustainability challenges
TARGET 2016 BASELINE 2017 STATUS 10% of EBITDA (earnings before interest, taxes, depreciation and amortization) in the funnel 8% 6% $1 billion of incremental revenue tied to these solutions (15% of projected 2021 revenues) $0 Strategic plan developed identifying relevant vertical markets and adjacent/transformational strategic initiatives*Strategic plan developed identifying relevant vertical markets and adjacent/transformational strategic initiatives.