At the intersection of sustainability and technology
Fiscal 2023 Key Highlights
View Our ESG Targets and Progress
by fiscal 2030 through the use of our put-in-place products replacing older products in existing buildings
Reduce Emissions Intensity from
the use of sold products
Our Goals
We decreased our Scope 1 and Scope 2 emissions by 6.2% in fiscal 2023,
by 42.8% between fiscal 2019-2029
(This target has been verified by the SBTi and is in line with a 1.5°C trajectory.)
Reduce Scope 1 & 2 Emissions
Reach Net Zero by 2040
across our Acuity Brands Lighting and Lighting Controls business to address our customers’ need for flexibility and reduce their costs and carbon emissions
INCREASING PRODUCT VITALITY AND IMPROVING SERVICE LEVELS
like DC2DC, that transform the future of buildings and use technology to easily provide analytics and business insights to our agents and transact with our distributors
INTRODUCING INNOVATIVE SOLUTIONS AND NEW CAPABILITIES
by launching Design Select™ and making it easy for them to choose superior solutions with dependable service d reduce their costs and carbon emissions
ELEVATING OUR
SERVICE FOR THE SPECIFICATION COMMUNITY
learn new skills, and know that the work they do matters through our Listening Strategy
EMPOWERING ASSOCIATES TO CONNECT WITH EACH OTHER
and impacting meaningful change in the world by caring for our neighbors
MAKING OUR COMMUNITIES BETTER
addressable markets by driving growth in Europe and Asia and by entering the commercial refrigeration control space with our acquisition of KE2 Therm
EXPANDING DISTECH CONTROLS
addressable markets by driving growth in Europe and Asia and by entering the commercial refrigeration control space with our acquisition of KE2 Therm
EXPANDING DISTECH CONTROLS
Advancing our journey to Environmental, Health, and Safety excellence
Enabling managers to help their teams succeed and setting a higher bar for them as leaders and coaches
Igniting Atrius monetization of spaces data and publishing our 2023 State of Corporate Sustainability Report in collaboration with Smart Energy Decisions (SED)
$4B
These accomplishments by our dedicated team of associates helped us deliver $4 billion in annual net sales.
Our Progress in 2023
by fiscal 2030 through the use of our put-in-place products replacing older products in existing buildings
Reduce Emissions Intensity from
the use of sold products
(Inclusion Index) at or above the norm for High-Performing Companies (in 2022, this norm was 84%)
Maintain a Belonging and Inclusion Score
(Trust Index) at or above the norm for High-Performing Companies by fiscal 2025 (in 2022, this norm was 85%)
Enable 100 Million Metric Tons of Carbon Avoidance
on our Responsible Sourcing Metric by fiscal 2025
Reach an Average Supplier Score of 3.0
at or above the norm for High-Performing Companies by fiscal 2025 (in 2023, this norm was 85%)
Achieve an Ethical Culture Score (Trust Index)
We achieved a score of 83% — maintaining the same level of confidence among our associates from our fiscal 2022 score (83%) We are setting our sights on further increasing our Ethical Culture Score over the next two years.
We achieved a score of 85% — maintaining the progress we made from our fiscal 2022 and fiscal 2021 score (85% and 84% respectively).
at or above the norm for High-Performing Companies by fiscal 2025 (in 2023, this norm was 88%)
Achieve a Sustainable Engagement Score
We achieved a score of 85% — maintaining the progress we made from our fiscal 2022 and fiscal 2021 score (85% and 84% respectively).
at or above the norm for High-Performing Companies (in 2023, this norm was 84%)
Maintain a Belonging and Inclusion
Score (Inclusion Index)
Our ESG Targets
We now have approved near¹ and long-term science-based emissions reduction targets² with the SBTi. We have near-term targets for Scope 1+2 (2029) and for Scope 3 (2030). Our Scope 3 target focuses on reducing our largest carbon emissions source: the emissions generated from customer use of our products. Once we achieve our near-term targets, we expect to continue reduction efforts aimed at achieving our long-term goal of net-zero by 2040.
Our Focus on Net-Zero
Last year we took The Climate Pledge as part of our ambitious goal of attaining net-zero greenhouse gas (“GHG”) emissions by 2040. The Science Based Targets initiative (SBTi) has verified our net-zero science-based target – to reach net-zero GHG emissions across our value chain by 2040. This goal is in alignment with our goal of selling more products and solutions to help save energy and reduce carbon emissions while reducing our own operating costs.
What We Do Matters
We develop and sell products and services that help our customers save energy, save operating costs, and reduce carbon emissions during usage. While building an even more valuable business, we are also reducing our carbon footprint and helping our customers do the same.
and by 25.6% overall from fiscal 2019 to fiscal 2023.
To reduce absolute scope 1 and 2 GHG emissions 42.8% by fiscal 2029 from a fiscal 2019 base year and to reduce scope 3 GHG emissions from use of sold products 66.3% per USD value added by fiscal 2030 from a fiscal 2015 base year.
* Our Emissions Intensity from the Use of Sold Products is emissions from sold products divided by net sales (kg CO2e / $ net sales).
To reduce absolute scope 1 and 2 GHG emissions 90% by fiscal 2040 from a fiscal 2019 base year and to reduce scope 3 GHG emissions covering use of sold products 97% per USD value added by fiscal 2040 from a fiscal 2015 base year. Direct emissions reductions will be prioritized.
1
2
We reduced our Scope 3 Emissions Intensity* covering use of sold products by 32.0% per USD value added in fiscal 2023, and by 69.3% per USD value added from fiscal 2015 to fiscal 2023.
Reduce Scope 3 Emissions Intensity* Covering Use of Sold Products by 66.3% per USD value added between fiscal 2015-2030. (This target has been verified by the SBTi.)
Net-Zero 2040
We decreased our Scope 1 and Scope 2 emissions by 6.2% in fiscal 2023, and by 25.6% overall from fiscal 2019 to fiscal 2023.
Reduce Scope 1 & 2 Emissions by 42.8% between fiscal 2019-2029. (This target has been verified by the SBTi and is in line with a 1.5°C trajectory.)
Net-Zero 2040
Our Estimated Progress in 2023
Our Goals
** We use and consult with Willis Towers Watson for our Associate Engagement Survey. We
compare ourselves to the norms provided for Manufacturing, Technology and High-Performing
Companies using this extensively utilized survey instrument and associated data.
We enabled 22.9 million metric tons of carbon avoidance from fiscal 2020 to fiscal 2023 through the use of our put-inplace products and services, putting us on course for 107 million metric tons of carbon avoidance by fiscal 2030.
Enable 100 Million Metrics Tons of Carbon Avoidance by fiscal 2030 through the use of our put-in-place products and services replacing older products in existing buildings
We achieved a score of 2.57 — more than 0.5 higher than our interim fiscal 2023 target of 2.0. We measure our supply chain partners on a scale of 1 – 4 points across a variety of ESG best practices.
Reach an Average Supplier Score of 3.0
on our Responsible Sourcing Metric by fiscal 2025
We achieved a score of 83 — maintaining the same level of confidence among our associates as shown by our fiscal 2022 score. We are setting our sights on further increasing our Ethical Culture Score over the next two years.
Achieve an Ethical Culture Score** (Trust Index)
at or above the norm for High-Performing Companies by fiscal 2025 (in 2023, this norm was 85)
We achieved a score of 85 — maintaining the score we achieved in fiscal 2022 and the progress we made from our fiscal 2021 score (84). We are setting our sights on performing at or above High-Performing Companies.
Achieve a Sustainable Engagement Score**
at or above the norm for High-Performing Companies by fiscal 2025 (in 2023, this norm was 88)
We achieved a score of 85 — surpassing other High- Performing Companies and highlighting consistent progress from our fiscal 2022 and fiscal 2021 scores, which were 84 and 82 respectively. We are setting our sights on further favorable comparison to High-Performing Companies.
Maintain a Belonging and Inclusion Score** (Inclusion Index) at or above the norm for High-Performing Companies (in 2023, this norm was 84)
PDF
2023
EarthLIGHT
Report
