At Ingersoll Rand, our passion for sustainability is embedded in the way we serve our customers and operate our business, and in the strategic initiatives we are pursuing in every function across our global enterprise. Sustainability is a core value that is ingrained in how we work every day and everywhere in the organization.
A world facing resource scarcity, rapid urbanization and the threat of climate change expects more from the corporate sector than compliance with traditional energy, waste and safety standards.
With our materiality assessment as the foundation, in 2014 we developed new long-term sustainability targets for 2020. Engaging our stakeholders, we identified the issues of greatest importance to the company, the environment and society, as well as key related opportunities for improvement. We focused on five categories, encompassing governance, suppliers, operational footprint, customer outcomes, our people and corporate citizenship.
The related opportunities cut across our global organization and span our entire value chain and were designed to be transformational, industry-leading and progressive. Building on this goal-setting initiative, we set new baselines and began tracking and comprehensively disclosing our progress against these goals in 2015.
Also in 2015, all 193 United Nations (UN) Member States agreed to adopt a visionary set of 17 Sustainable Development Goals (SDGs). The SDGs define global sustainable development priorities and aspirations for 2030 and seek to mobilize global efforts around a common set of goals and targets.
The UN has urged private industry to use the SDGs as an overarching framework to shape, steer, communicate and report their strategies, goals and activities.
Ingersoll Rand reflected these issues of greatest importance to our business, as prioritized by stakeholders in our 2014 materiality assessment. We believe there are major areas of alignment between our 2020 sustainability targets and the UN SDGs, highlighted by our Climate Commitment, corporate citizenship initiatives and efforts to foster an inclusive, engaging workplace that connects our employees to the company’s purpose.
The graphic below outlines our 2020 Targets and the alignment between the targets and the SDGs.