Hypertherm wants to become a climate neutral company and eliminate 50% of its waste by 2030, the US-based industrial cutting systems and software company confirmed in its 2020 Corporate Social Responsibility Report released today (5th Oct).
As well as focusing on itself as a company, Hypertherm’s report also unveiled ambitions to cut carbon emitted from its customers down by 50%. According to the report, the use of the company’s products by customers is its largest negative environmental impact.
Whilst 2030 goals and ambitions are a central aspect of the released document, the company’s response to the global coronavirus pandemic (Covid-19) is also highlighted. As outlined in the report, when Covid-19 hit, Hypertherm took immediate action to care for its 1,800 associates worldwide to ensure the strengthening of its operations.
Personal protective equipment (PPE) was central to Hypertherm’s effort during the height of Covid-19, with a cross-functional team of New Hampshire Association using the company’s innovations and resources to design solutions that could protect those who needed the equipment.
Other milestones from the company, such as its product line now being 100% recyclable and on average 34% more efficient and its global logistics network being 71% more efficient, are included. The company’s social and civil justice efforts, including racial justice and equality, are also outlined.
Commenting on the paper release, Jenny Levy, Executive Vice-President of People, Community and Environment at Hypertherm, said, “Hypertherm has always been known for our values-based, innovative, and collaborative culture, and the challenges we faced in 2020 brought out the best of these indelible strengths.”
“We have demonstrated during the past ten year as we worked to meet audacious environmental sustainability goals that we can and will push past known limits of possibility. In 2020, the global pandemic led to economic and health crises, civil unrest came from ongoing racial injustice, and true environmental impact reduction was needed more than ever.”
“The resilience and compassion our associates demonstrated in 2020 provide that we can accomplish more together as owners, with our values guiding us, than we ever imagined possible.”
Hypertherm’s full 2020 Corporate Social Responsibility Report can be accessed here.