ITW is committed to continuous improvement in reducing greenhouse gas (GHG) emissions, which is demonstrated through our company-wide GHG emissions intensity reduction target announced in 2019. In early 2021, as a result of the progress made toward achieving our initial target, we increased our target. Our current GHG emissions intensity reduction target is: By 2030, reduce combined Scope 1 and Scope 2 GHG emissions per U.S. dollar of operating revenue by 40 percent below 2017 levels.
Our strategy to achieve this target includes:
1. Reducing energy consumption and improving operational efficiency in our manufacturing and ITW-owned facilities, implemented in accordance with our division-led environmental management systems.
2. Expanding our purchase of energy from renewable sources, including wind and solar, across our global footprint where possible.