Environmental Stewardship
Acting as a steward for our environment and natural resources is critical to our company. As we solve critical challenges for our customers, we are also committed to improving the environmental impact of our own operations.
Hubbell's Environmental Goals
reduction
in Scope 1 and 2
emissions by 2030*
EMISSIONS
reduction
in water usage
by 2030*
WATER
reduction
in hazardous waste
by 2030*
WASTE
Sustainability Impact Program
To help us achieve our goals, we established our Sustainability Impact Program. This program invests capital in Hubbell facilities for site-specific projects that enhance the environmental performance of business our operations.
Spend for our Sustainability Impact Program projects represented approximately 5% of Hubbell’s total 2023 capital expenditures.
Climate Change Risks & Opportunities
We focus on trying to manage the climate-related risks and opportunities of our business for our stakeholders and the planet in the near and long term.
Physical Risks
We evaluate the physical risks posed by climate change for our facilities and operations. We have established business continuity plans to protect our employees, properties, and assets from disruptions that may result from the physical impacts of climate change.
Transitional Risks
We focus on proactively managing transitional risks. We regularly monitor the evolving conditions of the legal, regulatory, technology, and market landscape and engage in response planning to identify and mitigate future risks.
Opportunities
We aspire to expand our portfolio of utility and electrical solutions to align with the demand from new and emerging markets associated with the transition to a low-carbon economy. Our New Product Development team develops new solutions that enable sustainable outcomes for our customers.
Energy & Emissions
At Hubbell, we are committed to managing our energy use and lowering our greenhouse gas (GHG) emissions. As part of that effort, we focus on measuring our energy consumption and emissions to identify efficiency and reduction opportunities.
We collaborate with our facilities to identify and pursue initiatives that increase
energy efficiency and lower the carbon footprint of our operations. These
initiatives include, but are not limited to:
Water Management
Water is essential for life, and as a company, we embrace our responsibility to manage and reduce our usage of such an important resource.
Our water management approach across global operations includes:
Waste Minimization
As a business, Hubbell is committed to responsible consumption and production, which includes managing and minimizing our waste generation. In addition to pursuing measures that reduce the amount of waste we dispose at our facilities, we reduce, recover, reuse, and recycle byproducts, such as scrap metals, and other surplus materials in our operations whenever feasible.
Pursuing Circularity
As a manufacturing company, we recognize our role in supporting a more circular economy. To that end, we aim to create solutions that keep products and materials in use, design out waste and pollution, and regenerate natural systems.
781 THOUSAND
electric and water meters were recycled in 2023 via our smart meter recycling program.
2.15 MILLION
pounds of scrap metal were recovered from the meters we recycled in 2023.
89 %
of our corrugated cardboard and plastic packaging, as well as other packaging supplies, were made of recycled material in 2023.
54 %
of the steel, by weight, we purchased in 2023 came from less environmentally impactful mills that use recycled, rather than virgin, material as their primary feedstock.