Positioned 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)
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.
Our Commitment to Net Zero
We have also submitted near-term science-based targets for Scope 1, 2, and 3 emissions that will guide our emissions reduction efforts through 2030. We have near-term targets for Scope 1+2 (2029) and for Scope 3 (2030), which 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 carbon emissions by 2040.
We have committed to Company-wide emission reductions in line with science-based net-zero with the Science-Based Targets initiative (SBTi) and submitted our targets for validation by the SBTi.
Last year we took The Climate Pledge as part of our ambitious goal of attaining net-zero carbon emissions by 2040. Our Net Zero ambition – to reach net-zero emissions across our value chain by 2040 – is in alignment with recognized climate science and the latest guidance from the United Nations Framework Convention on Climate Change Race to Zero campaign and with our goal of selling more products and solutions to help save energy and reduce carbon.
and by 25.6% overall from fiscal 2019 to fiscal 2023.
We delivered STRONG FINANCIAL PERFORMANCE, and we continued to IMPROVE our business and ALLOCATE CAPITAL effectively
IN FISCAL 2023
$4B
Our dedicated team of associates helped us deliver approximately $4 billion in annual net sales
FOR GROWTH IN OUR CURRENT BUSINESSES
PRIORITIZED INVESTMENTS
Enhanced our portfolio through an acquisition
Maintained our dividend
Repurchased shares to create permanent stockholder value
EFFECTIVE CAPITAL ALLOCATION
INCREASE PRODUCT VITALITY,
In our ABL SEGMENT our strategy is to
elevate service levels, use technology to improve
and differentiate both our products and our
services, and drive productivity. We:
realigned our product portfolio through
the introduction of Design Select™ to better
serve lighting specifiers, distributors, and
electrical contractors
strategically managed price in a dynamic
environment as a result of our ongoing product
vitality efforts and the realignment of our
product portfolio and elevated service
improved our processes and management
of costs as a result of ongoing productivity
improvements
refreshed our product portfolio and won
several notable awards for our products
VALUES-DRIVEN ORGANIZATION
We have become a
We continued the development of our
BETTER.
SMARTER.
FASTER.
operating system
expanded our addressable market for Distech Controls by entering the UK market and adding commercial refrigeration controls to our portfolio through the acquisition of KE2 Therm Solutions, Inc. (“KE2 Therm”)
launched Atrius DataLab, the intersection point between Distech Controls controllers at the edge and Atrius applications in the cloud
won several notable awards for Atrius Energy and Atrius Sustainability, including Atrius being named as a Sustainability Leadership Award winner in the 2023 Sustainability Awards program
by connecting the edge to the cloud. In 2023, ISG continued to grow. We:
SMARTER, SAFER AND GREENER
In our ISG SEGMENT, our strategy is to make spaces
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PDF
2023
EarthLIGHT
Report