Helios Technologies has announced its long term commitment to achieve net zero greenhouse gas emissions by 2050 for its operated assets.
The industrial valve manufacturing company has completed its first Scope 1 and 2 greenhouse gas inventory and is working on detailed emission reduction roadmaps for its major operated assets.
It has also worked across its subsidiaries to identify significant waste streams and reduce waste using production process redesigns, scrap reduction initiatives, electronic waste reduction and elimination of hazardous materials.
Helios also plans to continue to drive automation, reduce power consumption and increase the use of renewable energy sources.
Josef Matosevic, President and Chief Executive Officer said: “Initial efforts and steps are underway as we develop more detailed plans to reach this long term commitment. At the Board level, we established an ESG Committee as a component of our governance structure to assist the Company in its oversight of corporate social responsibilities, significant public policy issues, health and safety and climate change related trends and other global ESG matters.
“We believe this is an important step forward in building a more sustainable company that can create long term value for all stakeholders.”