Grainger Releases 2024 Environmental, Social and Governance (ESG) Report

Core Insights - Grainger emphasizes its commitment to being responsible stewards for its stakeholders, including employees, customers, shareholders, and the environment [1] - The company released its 2024 Environmental, Social and Governance (ESG) Report, highlighting its focus on sustainability and community engagement [6] Customer Sustainability Solutions - Grainger offers tailored products and services to help customers from various industries meet their sustainability goals, comply with safety regulations, and manage resources effectively [1] Company Overview - W.W. Grainger, Inc. is a leading distributor of maintenance, repair, and operating (MRO) products, serving over 4.5 million customers globally with 2023 sales of $16.5 billion [4] - The company operates two business models: High-Touch Solutions, offering approximately 2 million MRO products, and Endless Assortment, providing access to over 13 million products through Zoro.com and more than 22 million products via MonotaRO.com [4] Environmental Commitment - Grainger has reduced its global absolute Scope 1 & Scope 2 emissions by 31% since 2018, surpassing its previous 2030 target of 30% reduction seven years early [8] - The company has updated its 2030 target to a 50% reduction in Scope 1 & 2 emissions, aiming to achieve this through investments in solar energy, hydrogen fuel cell technology, and building management systems [8] Diversity and Inclusion - Grainger's Diversity Solutions assist customers in meeting diversity goals through a combination of products, services, and a network of diverse suppliers [7] - The company promotes an equitable culture by integrating inclusive principles into hiring, training, and development processes, supported by eight Business Resource Groups [9] Workplace Safety - Grainger integrates its Environmental, Health and Safety (EHS) program into all business operations, focusing on safe people, processes, environments, and product handling [10] - In 2023, the company conducted over 42,000 safety observations in the U.S. and Canada to ensure workplace safety aligns with EHS priorities [10]