Timken Releases CSR Report, Showcasing Sustainable Innovation and Global Impact
The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today published its corporate social responsibility (CSR) report, highlighting advances in environmental sustainability, social impact and product innovation. "Engineering a more efficient and sustainable world is an essential part of our strategy," said Richard G. Kyle, Timken president and CEO. "This report reflects our progress and our ongoing commitment to our customers, our people and the communities we serve." The report details Timken's progress toward its target to reduce aggregate Scope 1 and Scope 2 greenhouse gas (GHG) emissions intensity by 50 percent by 2030. From its 2018 baseline year through the end of 2024, Timken decreased emissions intensity by about 42 percent, demonstrating the company's dedication to climate action and responsible operations. Other report highlights include: Doubling capital investment in energy efficiency projects from 2023 to 2024 and achieving a 15-fold increase in renewable energy use since 2018, reinforcing Timken's company-wide effort to identify and share best practices for saving energy and reducing emissions. Diverting 88% of waste from landfills in 2024 and reducing total annual waste generation by 40% since 2018, reflecting sustainable resource management principles that are embraced throughout the organization. Expanding global employee development and well-being programs while demonstrating Timken's focus on empowerment and inclusion, as reflected in a 91% participation rate from salaried staff in our employee engagement survey. Investing in next-generation STEM education. In 2024, Timken invested $1.25 million in global STEM programming and expanded partnerships with organizations including FIRST® and the Girl Scouts, reaching thousands of students worldwide. Delivering innovative, sustainable products — like EnviroSpexx™ bearings for energy savings and advanced solutions for vertical farming, precision agriculture and medical robots — that help customers reduce energy use, cut waste and improve performance in demanding applications.
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