Country for PR: United States
Contributor: PR Newswire New York
Wednesday, August 03 2022 - 23:00
AsiaNet
Essex Furukawa Releases Sustainability Report, Sets CO2 Reduction Goals
ATLANTA, Aug. 3, 2022 /PRNewswire-AsiaNet/ --

Essex Furukawa Magnet Wire today released its first annual Sustainability 
Report, as well as announced its Carbon Reduction targets in association with 
Vision 2030. The report was created to show accountability and progress toward 
Vision 2030: A Sustainable Future, Our Driving Force and will be released 
annually going forward. Also included in the report are results and goals for 
achieving Zero Waste to Landfill at manufacturing facilities, Energy Reduction, 
and Renewable Energy targets.

Logo - 
https://mma.prnewswire.com/media/1295268/Essex_Furukawa_Magnet_Wire_LLC_Logo.jpg

Vision 2030 was created with three core values—Disruptive Innovation, Green 
Production, and Agile Digitization—designed to be foundational building blocks 
that will help Essex Furukawa change the magnet wire industry for the better.

The report, according to CEO Daniel Choi, is part of holding the company 
accountable to the goals that it has publicly set.

"The level of transparency shown in this report reflects the commitment made 
when first announcing Vision 2030 in April of last year," Choi said. "Essex 
Furukawa will continue to find ways to innovate and manufacture more 
efficiently, with less environmental impact, and Vision 2030 outlines our path 
to achieving those goals."

The 25-page report covers results from the last year and how they relate to the 
holistic approach to sustainability that the company has embraced. It reviews 
Zero Waste to Landfill, Energy Reduction, Renewable Energy, and Carbon 
Reduction as it relates to Green Production. It also includes how Essex 
Furukawa is embracing Disruptive Innovation, and the steps already made in 
pursuit of Agile Digitization goals.

Austin Robinson, Sustainability Project Manager for Essex Furukawa, said that 
through these consistent communication efforts Essex Furukawa will be able to 
establish transparency both internally and externally. 
"As we strive to create a sustainable future, we must remain steadfast in 
analyzing our data, finding additional solutions, and embracing a leadership 
mentality in sharing the results," she said. "We have made tremendous strides 
in many areas that are detailed in this report.

"Ultimately, we are very proud of the efforts made and of those that will 
continue into the future."

This Vision 2030 journey that Essex Furukawa has set out on does not stop with 
this first report. It is just an initial outpost. In releasing our findings 
from the last calendar year, we view today's action as an acknowledgment of 
what has been done, benchmarking it, and then setting our course of action for 
the future. Vision 2030 will lead the next decade with new innovations, 
additional developments, and refinements to our process.

About Essex Furukawa Magnet Wire

Essex Furukawa Magnet Wire LLC is the leading, global provider of magnet wire 
that is used by most major OEMs, Tier 1 suppliers, and industry leaders in the 
automotive, energy, industrial, and commercial & residential sectors. The 
Atlanta-based company is a global joint venture formed in 2020 between Essex 
Magnet Wire and Furukawa Electric Co., Ltd., both leaders in magnet wire 
product development, and custom solutions. The combined entity, relying on the 
strengths of both Essex Magnet Wire and Furukawa Electric, draws on more than 
two centuries of combined experience and knowledge to push forward innovation 
while also remaining focused on delivering manufacturing excellence and 
outstanding customer service. essexfurukawa.com ( 
https://c212.net/c/link/?t=0&l=en&o=3611024-1&h=3637275925&u=http%3A%2F%2Fwww.essexfurukawa.com%2F&a=essexfurukawa.com 
)
SOURCE Essex Furukawa Magnet Wire


CONTACT: Scarlett Scudder, CoporateMarketing@EssexFurukawa.com

Translations

Japanese