- Donaldson Company (DCI, Financial) achieved an 18% reduction in Scope 1 and 2 GHG emissions in FY24, advancing towards a 42% target by 2030.
- The Donaldson Foundation donated $1.2 million in FY24, with a total of $3.6 million since FY22.
- Donaldson introduced a new waste reduction target to decrease landfill waste by 3,200 metric tons by 2030.
Donaldson Company, Inc. (DCI), a global leader in filtration products, has published its Fiscal Year 2024 Sustainability Report, highlighting significant strides towards its 2030 Sustainability Ambitions. Emphasizing their commitment to reducing environmental impact and enhancing community engagement, the report outlines a comprehensive strategy that underscores long-term business resilience.
One of the notable achievements for FY24 was a substantial 18% reduction in Scope 1 and 2 greenhouse gas (GHG) emissions, equivalent to over 20,400 metric tons of CO2e, compared to the FY21 baseline. This progress is a step towards their ambitious target of a 42% reduction by 2030.
In terms of community engagement, the Donaldson Foundation awarded $1.2 million in donations during FY24, part of a cumulative $3.6 million given since FY22. The company aims to enhance charitable contributions by 25% every four years, aspiring to donate at least $13.5 million by 2030.
Donaldson's sustainability endeavors also introduced a new target in FY24 to manage landfill waste more effectively. They plan to recycle, reuse, and optimize materials to reduce landfill waste by 3,200 metric tons, representing 40% of FY24's total waste.
The report further details operational initiatives, with the completion of 134 energy efficiency projects across global sites, and advancements in a solar Virtual Power Purchase Agreement prioritized for U.S. electricity demand decarbonization.
Despite these advancements, the report also notes the occurrence of seven life-changing events, including serious work-related injuries, an increase from previous years, highlighting areas for improvement in operational safety.
Donaldson's continued focus on emission reduction, resource efficiency, and community investments support its strategy to enhance customer relations, supply chain competitiveness, and maintain robust reputations among institutional investors.
