Corporate Responsibility Report 2024 Covering the 2023 Reporting Year
Our Products Improve Sustainability for Our Customers
At METTLER TOLEDO, we strive to preserve a world of opportunities for future generations. As a global market leader, METTLER TOLEDO is recognized for innovation, quality, and a focus on sustainability. We are proud that our solutions help support our customers’ sustainability goals—and support advancements in green and renewable technology that benefit us all.
Our Products Improve Sustainability for Our Customers
Ensure quality and compliance with regulatory requirements
Streamline processes, enhance productivity, and optimize costs
Advance innovations and scientific insights
Support our customers’ sustainability goals
In addition to our ongoing commitment to environmental, social, and governance (ESG) goals within our Company, we are increasingly engaged with ESG topics along our supply chain, from the ethical sourcing of materials to the environmental impact of our products in use.
A Word from the CEO
At METTLER TOLEDO, we strive to preserve a world of opportunities for future generations.
Dear Stakeholders,
I am delighted to present our latest Corporate Responsibility Report, which showcases our commitment to manage and operate our Company in a manner that helps preserve a world of opportunities for future generations. We continue our efforts across a broad range of ESG topics as part of our sustainability journey.
I am particularly pleased to see the high interest and engagement our team has expressed in our GreenMT initiative. Our new Purpose Statement, introduced in 2023, provide additional support and encouragement to align our daily actions with our values and vision.
In the past year, we made further strides toward our 2025 zero-waste-to-landfill goal; accelerated adoption of electric vehicles in our fleet; ramped up solar power and district heating capacities; and re-achieved our 100-percent-renewable-electricity-sourcing and carbon-neutral-operations targets. As a result, we remain on track to meet our 2030 science-based target for Scope 1 and 2 emissions reduction. However, we recognize that more effort is needed to achieve the corresponding target for our Scope 3 emissions, and we are fully committed to implementing the necessary programs to achieve our ambitious goals here as well.
We have also increased our efforts related to sustainable product design, supplier engagement, and transparency in our supply chain. Additionally, 2023 marked the launch of our refreshed Employer Brand and the expansion of our inclusive workplace program, fostering a diverse and inclusive corporate culture.
I am excited to share the details of our progress and ongoing ESG commitments in this report. We are proud and inspired by our work in these important areas and remain committed to continuous improvement, striving to create a lasting, positive impact for a better and healthier tomorrow.
Sincerely, Patrick K. Kaltenbach President and Chief Executive Officer April 2024
Strategic Program — GreenMT
The GreenMT Program supports the Company’s mission by pursuing environmental, social, and governance (ESG) priorities where we can have a significant positive impact.
GreenMT Goals
Reduce greenhouse gas emissions across Scopes 1–3
Increase energy efficiency and remain carbon neutral (Scope 1 and 2)
Reduce waste and increase recycling
Emphasize the sustainable features of our products and services, and continue to expand those features
Leverage our Responsible Sourcing Framework to ensure sustainable conduct throughout our supply chain
Continuously improve our employment conditions and high-performance culture
Continue to cultivate a diverse and inclusive workplace
Continuously improve workplace safety for all employees
Champion good corporate governance peactices, including compliance with relevant standards and principles
Provide clear, accurate, and consistent disclosure on progress toward GreenMT goals
Align the GreenMT strategy and related disclosures to the goals and standards most relevant to us
The METTLER TOLEDO Climate Strategy
METTLER TOLEDO has been carbon-neutral in our operations since 2020. In addition, we are focused on reducing absolute greenhouse gas emissions across our entire value chain, from material sourcing to manufacturing to our customers’ use of our products. Scope 1 and 2 emissions stem from our operations. Scope 3 encompasses emissions upstream and downstream from our operations and accounts for the bulk of our emissions.
Providing Innovative Solutions Across Our Customer’s Value Chain
Our products and services contribute to our customers’ sustainability. METTLER TOLEDO solutions increase efficiency and productivity, improve yield and reduce material lost in production, avoid wasted material, and reducing energy consumption. And our products are made to last, further conserving resources.
