#Sustainability #United States #North Canton #CSR Report #Timken

Timken's Commitment to a Sustainable Future

The Timken Company, a leader in engineered bearings and industrial motion, has unveiled its latest Corporate Social Responsibility (CSR) report, showcasing significant strides in sustainability, social impact, and product innovation. Timken's president and CEO, Richard G. Kyle, emphasized the importance of fostering a more efficient and sustainable world as a core part of the company's strategy.

Major Achievements

The report proudly outlines Timken's commitment to reducing greenhouse gas emissions, aiming for a 50% reduction in aggregate Scope 1 and Scope 2 emissions intensity by 2030. Since 2018, the company has already achieved a 42% reduction in emissions intensity, underscoring its dedication to combating climate change and ensuring responsible operations.

Among the report's key highlights:

• - Investing in Energy Efficiency: Timken plans to double its capital investment in energy efficiency projects from 2023 to 2024, along with a remarkable 15-fold increase in renewable energy usage since 2018. This commitment reflects the company's dedication to adopting best practices that promote energy conservation and emissions reduction.
• - Sustainable Waste Management: In 2024, Timken successfully diverted 88% of its waste from landfills and cut down its annual waste generation by 40% since 2018. This achievement is a testament to the sustainable resource management principles ingrained within the organization.
• - Employee Development: The company continues to expand its global employee development and well-being programs, achieving a 91% participation rate from salaried staff in its latest engagement survey. This initiative emphasizes Timken's focus on empowerment and inclusion within the workforce.
• - Investing in Future Generations: Timken allocated $1.25 million towards global STEM education initiatives in 2024, partnering with prominent organizations such as FIRST® and the Girl Scouts. This commitment has enabled them to reach thousands of students globally, highlighting the company's role in fostering future innovation and workforce development.
• - Innovative Product Solutions: The report features Timken's advancements in delivering innovative and sustainable products. Their EnviroSpexx™ bearings, designed for energy savings, and advanced solutions catering to vertical farming and medical robotics, are prime examples of how Timken aids customers in reducing energy consumption and waste while enhancing performance in demanding applications.

About Timken

Established for over 125 years, The Timken Company remains committed to engineering innovative products and solutions tailored for diverse industries, having posted a revenue of $4.6 billion in 2024 and employing around 19,000 individuals across 45 countries.

As Timken moves forward, it continues to integrate sustainability into every facet of its operations, reinforcing its promise to stakeholders and the communities it serves. Through its CSR initiatives, Timken is not only leading by example in the industrial sector but also inspiring a global movement towards responsible manufacturing and corporate citizenship.