Sustainability report sets ambitious targets on a path to net zero
At INNIO, we see ourselves at the center of the energy transition—empowering the move to net zero. To advance our commitment to sustainability, we have published our Sustainability Report for 2021, Together Towards Zero, which defines our performance in meeting environmental, social, and governance (ESG) goals. The report summarizes a year filled with sustainability and ESG initiatives, collaboration, and progress.
While INNIO is currently empowering industries and communities to transition to net zero, this report—prepared in accordance with Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards—formally communicates on progress and sustainability-related performance, providing transparency about how INNIO is contributing to a green tomorrow.
In accordance with global frameworks and commitments, INNIO has set out ambitious sustainability targets in three strategic focus areas where we see the greatest material impacts and opportunities for improvement: Low Carbon and Circular Products, Resilient Supply Chain and Manufacturing, and Responsible Operations and Social Responsibility.
Selected key ambitions in these areas include:
Since 2022, INNIO offers all new Jenbacher engines with a “Ready for H2” option(1). These models can operate with up to 20% vol. hydrogen(2), and can be retrofitted to 100% H2 operation in the future. All Type 4 series engines are offered for 100% H2 operation. As of 2025 and beyond, the entire Jenbacher product line is expected to be rolled out with 100% hydrogen operation.
Suppliers covering 80% of direct and indirect spend must commit to net zero by 2050.
50% reduction in Scope 1 and Scope 2 GHG emissions in supply chain and manufacturing (vs. the 2020 base) will be fully implemented by 2030.
By 2025, identified diversity groups will increase by 25% across functions compared to the 2020 baseline. Diverse people leadership will be developed further by 2030(3).
INNIO’s Jenbacher business received recognition by EcoVadis with a Silver
Medal Rating for 2021, placing INNIO Jenbacher in the top 17%
of its peers working towards sustainability.
Clear successes demonstrated
INNIO’s sustainability efforts have been recognized with best-in-class sustainability ratings from Sustainalytics and EcoVadis. Earlier this year, Sustainalytics ranked INNIO number one out of more than 500 companies, meaning we have the lowest risk within the machinery industry assessed worldwide. In addition, INNIO received the Gold Medal from EcoVadis, placing our Jenbacher business in the top 1% of industry peers. Last year, INNIO became a signatory of the Science Based Targets initiative and the United Nations "Race to Zero“ campaign, which brings together global leadership for a healthy, resilient, and zero-carbon future.
(1) Optional scope on demand
(2) Defined in accounting protocol as either sold with the capacity to run on 100% hydrogen or that can be upgraded at a reasonable cost
(3) We will focus on distinct employee groups and diversity dimensions (age, gender, nationality, and minorities) when implementing diversity initiatives. For more information, please visit page 78 in our report.