ENVIRONMENT AND SUSTAINABILITY HEADLINESEnvironment and Sustainability
Timken Debuts Global Citizenship Report on Earth Day
Apr. 23, 2009 In celebration of Earth Day 2009, The Timken Co. is debuting a global citizen report that details how the company earns the trust of its stakeholders, marking a new milestone in the company’s long tradition of active citizenship.
The report, which the company published online on Earth Day (April 22), reflects Timken's strategies and goals. The report also highlights a number of company achievements during 2008, including:
· Recycled 1.7 million tons of scrap metal (the equivalent of 1.35 million automobiles)
· Produced a range of "green" products, including fuel-efficient bearings, which have the potential to lower U.S. oil consumption by 14 million barrels a year
· Recycled 21,000 tons of electric furnace dust
· Increased capacity and visibility of energy products, including new wind power capacity
· 100% sign-off on ethics policy by 8,500 global salaried associates
· Significant reduction in lost-time accidents over the past five years
· Encouraged associate wellness through Active For Life program (2000 associates at 18 locations actively participated)
· Supported local communities through volunteer activities and global corporate giving to nonprofit organizations.
“We know that global citizenship touches every aspect of our business and underscores the policies and practices for which we hold ourselves accountable," said Chairman Ward J. “Tim” Timken Jr. “By continuing to grow our enterprise in ways that build sustainable value, we help to fulfill our responsibility to our associates, customers, and all business interests, including our communities and the environment.”
The 2008 Timken Global Citizenship Report is available for download at www.timken.com.
Timken supplies innovative friction management and power transmission products and services. Its approximately 25,000 employees generated sales of $5.7 billion in 2008 from its operations in 26 countries.