Hitachi ABB Power Grids has announced “Sustainability 2030” – its strategic plan for sustainability. Through this plan, the global technology leader has outlined its main commitments to act and drive business in a sustainable way.
Supporting UN’s SDGs
Based around four pillars – Planet, People, Peace and Partnerships – the strategy draws from the UN’s Sustainable Development Goals (SDGs), where each pillar has corresponding targets that drive the business to contribute social, environmental and economic value.
Hitachi ABB Power Grids supports all SDGs and is making a deeper contribution to SDGs: 3 (Good health and well-being), 4 (Quality education), 5 (Gender equality), 6 (Clean water and sanitation), 7 (Affordable and clean energy), 12 (Responsible consumption and production), 16 (Peace, justice and strong institutions); and 17 (Partnerships for the Goals). [See featured graphic]
Targets for own operations
Targets relating to protecting the planet, include becoming carbon-neutral in its own operations by 2030. As a first step, the business expects to have moved to 100 per cent fossil-free electricity by the end of 2021. It has also announced a target to halve CO2 emissions1 along the value chain by 2030 and is working closely with suppliers to achieve this. Other 2030 planet-oriented targets include halving waste disposed2 and reducing freshwater usage by 25 per cent.
As the partner of choice for a sustainable energy future, the business is pioneering digital and energy platforms which help customers to overcome complexity, increase efficiency and accelerate the shift towards a carbon-neutral energy future. For example, in April 2021 Hitachi ABB Power Grids launched EconiQ™ – its eco-efficient portfolio of products, services and solutions which are sustainability-oriented in design and proven to deliver a superior environmental performance compared to conventional solutions.
Diversity 360
Employing around 36,000 people in more than 90 countries, the business has set people targets that enable its employees to feel safe and perform at their best. Through Sustainability 2030, it is striving forzero harm and top quartile health absence rates. The business has recently introduced its Diversity 360 vision for diversity and inclusion. It has set specific targets to improve female diversity from 19 per cent to 25 per cent by 2025; and nurture a life-long learning culture, where the business is establishing an integrated learning framework to increase opportunities.
Global Head of Integrity
From a peace perspective, the business has set the target to strive for zero incidents of corruption and bribery. On February 1, 2021, Hitachi ABB Power Grids appointed Dominique Abrokwa as its Global Head of Integrity to oversee its programs and strategies relating to the prevention, detection and resolution of integrity and trade risks.
Collaboration is vital to enabling the energy transition at the rapid pace required. The business, which has placed co-creating solutions with customers and partners at the heart of its technology philosophy, has established a target to increase involvement in multi-stakeholder partnerships. The focus is on building partnerships that will help to accelerate the transition towards a carbon-neutral energy future.
Hitachi’s commitment
Hitachi, who has 80.1 per cent majority shareholding in the business, has made its strategy for achieving a sustainable world to be a global leader in the Social Innovation Business. Hitachi is committed to making improvements in social, environmental, and economic value, as well as contributions to people’s quality of life and enhanced customer value.
Featured photograph (source: un.org) shows the official graphic of United Nations’ 17 Sustainable Development Goals (SDG) released on January 1, 2016.
