Regal Rexnord Corporation Announces Publication Of 2022 Sustainability Report

BELOIT, Wis., Dec. 5, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today published its 2022 Sustainability Report. The report reaffirms the company's strategic commitment to making energy efficiency and sustainable manufacturing processes top considerations when developing all new or redesigned products. Investing in Regal Rexnord's associates, leveraging the company's technology leadership to create products and solutions that customers value, adhering to 80/20 principals, and remaining guided by the Regal Rexnord Values also remain strategic pillars.

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Notably, the report provides additional detail regarding Regal Rexnord's previously-announced commitment to achieving Carbon Emission Neutrality in its operations across Scopes 1 and 2 by 2032, to achieving Net Zero across scopes 1, 2 by 2050, and to pursuing the latter in alignment with science based targets. Regal Rexnord is beginning the foundational work to achieve these Net Zero goals by focusing significant time and effort on improving its environmental data reporting and accuracy, outlining a strategy to achieve its environmental impact goals, defining the relevant metrics to track its progress, and establishing a robust governance structure to help ensure accountability.

Commenting on Regal Rexnord's Net Zero goals, CEO Louis Pinkham emphasized "In a year characterized by a host of accomplishments as we continue transforming into a higher-performing enterprise, one that clearly stands out is announcing our commitments to achieving Carbon Emission Neutrality. Our associates are excited and interested in the direction we are taking in setting these environmental impact goals – and I am proud to be leading an enterprise that is actively participating in efforts that many believe are important to the health of our planet."

The report is available here and on the Regal Rexnord investor relations website.

About Regal Rexnord

Regal Rexnord Corporation is a global leader in the engineering and manufacturing of industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products and specialty electrical components and systems, serving customers around the world. Through longstanding technology leadership and an intentional focus on producing more energy-efficient products and systems, Regal Rexnord helps create a better tomorrow – for its customers and for the planet.
Regal Rexnord is comprised of four segments: Motion Control Solutions, Climate Solutions, Commercial Systems and Industrial Systems. Regal Rexnord is headquartered in Beloit, Wisconsin and has manufacturing, sales and service facilities worldwide. For more information, visit RegalRexnord.com.

SOURCE Regal Rexnord Corporation