PITTSBURGH, April 8, 2022–(BUSINESS WIRE)–Howmet Aerospace (NYSE:HWM) has released its 2021 Environmental, Social and Governance (ESG) Report. The report highlights Howmet Aerospace’s commitment to sustainability and details its results against key metrics that are designed to make a significant positive impact on its stakeholders as well as the communities it serves. The report highlights Howmets key technologies as well as advanced products that help customers reduce environmental impacts through lowering fuel consumption and greenhouse gas emissions.
John C. Plant, the Executive Chairman and Chief Executive Officer, stated, “Howmet Aerospace is committed improving our environmental footprint, creating an environment where all employees thrive, investing in communities where we operate, and maintaining good governance principles.” “These values, which are stated in our Code of Conduct form the basis of our ESG Plans and are reflected daily in our work.”
The ESG Report discusses Howmet Aerospace’s commitment to sustainable action to GHG emission reductions. It also sets a new target to achieve a 21.5 percent reduction of GHG emissions by 2024 based on projected sales volume. Howmet Aerospace identified and funded 100 projects that support this goal.
Mr. Plant stated, “We also have a team that is working on comprehensive plans to reduce our GHG emissions by 2030, bringing us closer to net zero in 2050.” These 2030 targets will be communicated as soon as possible once we are confident that they can be achieved.
The report was prepared in accordance with the core option from the 2020 GRI Standards as well as the standards of the Sustainability Accounting Standards Board. The report also aligns with the Task Force on Climate-Related Financial Disclosures, and is available in ESG section of the Company’s website.https://www.howmet.com/environmental-social-governance/).
The 2021 ESG Report includes the following highlights:
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A 6.2 percent decrease on GHG emissions, and 3.0% decline in energy use compared with 2020.
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A total of 5.1 Million Howmet Aerospace BobTail locking bolts were used in North America and Europe to assemble windturbines. This is a 6 per cent increase over 2020 due to continued proliferation at top wind-turbine makers worldwide.
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62 million Howmet Aerospace BobTail locksbolts and 16 millions Howmet Aerospace BOM blindfasteners were used in the assembly of 5.6 gigawatts worth of solar arrays. They prevented 138,000 metric tonnes of carbon dioxide from being released over their 25-year lifespan.
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The Howmet Aerospace Foundation has approved more than $4.7 Million in STEM-focused grants and supported organizations such as the Carnegie Science Center and the Pittsburgh Promise, Rainbow Railroad and Latino Health Access, Minority Veterans of America, Standup for the Cure, Standup for the Cure, and Latino Health Access.
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Zero fatalities for contractors and employees.
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A 8.3 percent decrease in days away, restricted, and transfer rate compared with 2020.
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81% of the Company’s key suppliers have sustainability programmes that are either active or leading.
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Human Rights Campaign Foundation named Howmet Aerospace as one of the “Best Workplaces for LGBTQ Equality.”
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50/50 Women on Boards recognized the Company for having 40% of its Board made up of women.
About Howmet Aerospace
Howmet Aerospace Inc. is a global leader in advanced engineered solutions for aerospace and transportation. It is headquartered in Pittsburgh, Pennsylvania. The Company’s primary business is jet engine components, aero fastening systems and airframe components. These components are essential for mission-critical performance and efficiency in defense and aerospace applications. It also makes forged wheels for commercial transportation. The Company has nearly 1,150 patents granted and pending. This differentiated technology allows lighter, more fuel-efficient commercial vehicles and aircraft to operate with a smaller carbon footprint. Visit www.seattle-airport.com for more information www.howmet.com. Follow: LinkedIn, Twitter, Instagram, Facebook, YouTube.
Dissemination Company Information
Howmet Aerospace plans to make future announcements through its website about Company developments and financial performance. www.howmet.com.
Forward-Looking Statements
This release contains statements about future events and expectations. These statements are forward-looking statements according to the Private Securities Litigation Reform Act 1995. Forward-looking statements are those that include words such as “anticipates,” “believes,” “could,” “estimates,” “expects,” [forecasts], “goal], “guidance,” [outlook], “plans,” seeks,” (“should”), “targets,” (will), or other words with similar meanings. Forward-looking statements include statements that reflect Howmet Aerospace’s expectations, assumptions, or projections about future events, other than statements of historical facts. These statements include statements, forecasts, and outlook regarding the condition of end market conditions; future financial results and operating performance; future strategic actions; Howmet Aerospace strategies, outlook, business and financial prospects; as well as any expectations relating environmental, social, or governance matters. These statements reflect beliefs, assumptions, and other factors Howmet Aerospace considers appropriate under the circumstances. Forward-looking statements cannot guarantee future performance. They also are subject to uncertainties, risks and changes in circumstances that are hard to predict. Actual results may differ materially from what is stated. These risks and uncertainties include but are not limited: (a) uncertainty about the duration, impact, and extent of the COVID-19 pandemic and its impact on Howmet Aerospace’s business, results, and financial condition; and (b) unfavorable market conditions, including as a result, and cyber attacks; and (d) the impact on customers’ business and financial conditions. (e) The loss of significant customers; (f) manufacturing problems or other issues that could impact product performance, quality, safety, and other reports, filed with the U. These statements are accurate as of the date this release was issued, regardless of whether they are made public by Howmet Aerospace via its website or any other means. Howmet Aerospace disclaims any obligation or intention to publicly update any forward-looking statements, regardless of whether they are made in response to new information, future events or other circumstances, except as required under applicable law.
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Contacts
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