Gates continues to leverage sustainability as a strategic priority that fuels innovation, deepens stakeholder trust, and supports long-term performance
Gates, a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, has published its 2024 Sustainability Report, showcasing the company’s strategic investments for sustainable innovation in each pillar of its GTES framework: Governance, Technology, Environment, and Stewardship.
Highlights of the Gates 2024 Sustainability Report include:
- Governance: The company strengthened its data, governance and cybersecurity protocols, safeguarding stakeholder trust and supporting enterprise-wide initiatives. As an example, Gates enhanced its supplier onboarding process and communicated expectations around consistent, responsible practices at every level of the supply chain.
- Technology: From design to end-of-life, Gates technology is redefining product circularity. In 2024, the company diverted 100% of rubber waste from landfills at 21 facilities and remanufactured 32% of rubber scrap – results made possible by a deep commitment to innovation. That same commitment led to 132 patents awarded in 2024, further accelerating Gates Eco-Innovation™ efforts to deliver longer-lasting, lighter, and more sustainable solutions.
- Environment: Gates actively participates in the global renewable energy transition and grew its renewable energy use by 6% in 2024 through strategic investments in onsite solar and purchasing renewable energy credits (EACs).
- Stewardship: Gates continues to invest in its people’s development through formal training and mentorship programs with a 160% increase in participants from 2023, an on-demand learning library, and on-the-job opportunities to further develop their skillsets and build strong careers while giving back to the communities in which they live and work.
“At Gates, sustainability is not only a responsibility but also a catalyst for innovation and long-term value creation,” said Ivo Jurek, chief executive officer of Gates. “We know that measurable impact requires disciplined execution and an unwavering commitment to continuous improvement. Whether it’s advancing material science, reducing waste, or empowering our people, we’re proving that sustainability and performance go hand in hand.”
Gates sustainability reporting process applies the standards and guidelines expressed by the International Financial Reporting Standards (IFRS) Foundation and its Sustainability Accounting Standards Board (SASB), and the Task Force on Climate-related Financial Disclosures (TCFD). Reporting is also informed by the Global Reporting Initiative (GRI) and United Nations Sustainable Development Goals (SDGs).
For more details, please see the full Gates 2024 Sustainability Report, available to view or download at gates.com/sustainability.
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