Sustainability is a long-standing ITW priority, deeply rooted in our core values and governed by disciplined practices. We are inspired to make a meaningful difference for the environment, our people and our communities.
Aligned with the Next Phase of our Enterprise Strategy, our approach to sustainability is holistic and integral to our goal of being one of the world’s best-performing, highest-quality industrial companies.
Our strategy rests on four pillars: Governance & Ethics, Environment, People and Communities.
Our Demonstrated Commitment to Ethical Conduct
Integrity and the highest ethical standards set the foundation for how we operate our businesses every day and guide every ITW employee’s actions. On that foundation, our decentralized, entrepreneurial culture is the key to how we operationalize this strategy. By leveraging the ITW Business Model, we empower our divisions with the frameworks and ownership necessary to deliver on our “Do What We Say” commitments.
Reducing Our Environmental Impact
Across Our Operations
Driven by our continuous improvement mindset, we are making measurable progress toward our environmental goals. In 2022, we
set an ambitious target: a 50% absolute reduction in Scope 1 and Scope 2 GHG emissions by 2030 (relative to a 2021 baseline).
Through effective division-led initiatives, we have made significant
strides toward this data-driven goal, achieving a 45% reduction
through the end of 2025.
At ITW, innovation is a primary driver of both growth and sustainability. Through our Customer-Back Innovation process, we develop solutions for our customers’ most critical challenges – including the reduction of environmental impacts. These “clean-technology” solutions now account for nearly 32% of ITW’s revenue, up from 22% in 2017.
Respecting and Protecting ITW Colleagues Everywhere
ITW’s long-term performance hinges on attracting and retaining exceptional talent. We are at our best when unique perspectives are actively sought and shared. Our colleagues agree: in a recent survey,
84% recommended ITW as a great place to work.
Our commitment to diversity and inclusion is anchored in a compelling business case. We believe an inclusive culture enables our journey towards full potential; as a result, we continue to broaden our access to all talent pools to ensure we hire and retain the best talent.
Finally, we are strongest when we work together to protect our people. This year marks the 10th anniversary of our Enterprise Safety Strategy, and we have delivered a 55% reduction in total accidents since its launch. Our success is built on a simple yet rigorous framework: committed leadership with 100% employee engagement, and continuous risk reduction. We remain steadfast in our core safety philosophy: at ITW, every accident is preventable; our shared goal is zero.
Our Culture of Giving Back to Our Communities
We remain deeply committed to the communities where our colleagues live and work. Beyond amplifying employee charitable giving, ITW strategically invests in causes and organizations in our communities
that align with our mission.
In closing, we thank our 43,000 ITW colleagues for their dedication and our stakeholders for their continued partnership. Your ideas and support are the catalysts for our progress as we continue our sustainability journey.
Michael M. Larsen
Senior Vice President and Chief Financial Officer
March 2026
