PITTSBURGH, Sept. 10,
2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT)
announced today that is has published its fiscal year 2024
Corporate Responsibility Report (previously ESG Report), outlining
the company's continued progress in advancing its environmental,
social and governance strategy. It also details issues important to
stakeholders, including environmental, health and safety (EHS),
employee engagement, workforce training and development, diversity
and inclusion, community engagement and other material topics.
"At Kennametal, we are not just committed to driving business
success but also to fostering a safer, more inclusive workplace and
making a positive impact on the world around us," said Sanjay Chowbey, President & CEO. "From
advancing our conservation programs to expanding our employee
resource groups, we are building on our sustainability initiatives
while remaining focused on advancing our strategy, delivering value
for stakeholders and positioning the company for long-term
success."
Highlights from the report include:
- Reductions in combined Scope 1 and 2 greenhouse gas emissions
by 2 percent
- Decreased water withdrawal by approximately 4 percent
- Increased waste recycling efforts by 10 percent
- Surpassed U.S. industry standard total recordable incident
rates by 150 percent
- Created three new employee resource groups
- Enhanced Code of Conduct and supporting resources to improve
accessibility and ensure employees are informed of our Culture of
Accountability
Topics included in the report align with GRI Standards Topics,
the SASB Industrial Machinery & Goods 2018 Sustainability
Accounting Standards and other environmental, social and governance
topics of interest to investors and other key stakeholders.
Kennametal also recognizes the importance of the United Nation's
Sustainability Development Goals (SDG) and has aligned the SDGs
with priority topics.
About Kennametal
With over 85 years as an
industrial technology leader, Kennametal Inc. delivers
productivity to customers through materials science, tooling and
wear-resistant solutions. Customers across aerospace and defense,
earthworks, energy, general engineering and transportation turn
to Kennametal to help them manufacture with precision and
efficiency. Every day approximately 8,400 employees are helping
customers in nearly 100 countries stay competitive. Kennametal
generated $2 billion in revenues in
fiscal 2024. Learn more at www.kennametal.com. Follow @Kennametal:
Instagram, Facebook, LinkedIn and YouTube.
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SOURCE Kennametal Inc.