We are raising the bar for environmental performance with our 2020 targets.
Our 2020 environmental sustainability targets build on our success in meeting our previous targets (established for the period 2008–2012). We continue to extend our global reach as a company with the intention of growing responsibly and sustainably. With our 2020 targets, we aim to reduce our impact on the environment, improve efficiency, and increase shareholder value.
2020 Target Design
We set our targets in areas where we can make the most progress in reducing both our environmental impacts and our costs of business. Our 2020 targets are designed to track our progress through deliberate efforts—without influence from growth or contraction in our business. We established these targets from our 2012 baseline performance. We create a portfolio of projects and initiatives to achieve the targeted reduction by 2020. We track the results of those projects and initiatives as progress towards the reduction targets, counting results where reduction is confirmed through a formal measurement and verification process. We believe that this approach provides more meaningful progress towards our targets rather than normalizing or adjusting our baseline to account for growth or contraction of the company.
Progress Toward 2020 Targets