Tyco Electronics Ltd. (NYSE: TEL) announced today the launch of the Tyco Electronics Responsibility Advantage (TERA) program and the release of its first corporate responsibility report. The TERA program brings together the existing environmental, supply chain, workplace, governance, community and other related programs within TE.
"Launching the Tyco Electronics Responsibility Advantage (TERA) program and publishing our first report are significant milestones for our company," said Tom Lynch, Chief Executive Officer for TE. "TERA coordinates, expands and leverages our environmental, safety, governance, social, and philanthropic efforts worldwide—many of which have been in place and steadily improving."
Highlights of the TERA program and the TE 2010 Corporate Responsibility Report include:
TE has continued to make significant reductions in greenhouse gas emissions and energy consumption by implementing energy savings recommendations. TE achieved an 8 percent reduction in greenhouse gas emissions from 2009 to 2010—a year when sales revenue grew 18 percent.
TE's health and safety total recordable incident rate in 2010 was 0.52 incidents per 100 employees, a 28 percent improvement compared with the 2009 rate and a 37 percent improvement compared with 2008.
TE is progressing in its implementation of water and wastewater reduction plans in its manufacturing operations. For instance, TE's Menlo Park, California site implemented process improvements to save 16,000,000 gallons of water annually.
- TE continues to contribute to the communities in which it operates. For example, TE employees in China volunteered with the Wheelchair Foundation's Red Chair program to assist physically handicapped and elderly citizens touring the World Expo 2010 in Shanghai.
TE used the Global Reporting Initiative (GRI) G3 Sustainability Reporting framework to help select and organize the content for the report and is self-declaring at a GRI Application Level B. The TE 2010 Corporate Responsibility Report and more information about the company's corporate responsibility efforts can be found on the newly launched website at: http://www.te.com/responsibility. Kenzie Ferguson is the Director of TERA and can be reached at email@example.com.
Tyco Electronics Ltd. is a global technology company with fiscal 2010 sales of US$12.1 billion to customers in more than 150 countries. We design, manufacture and market products for customers in a broad array of industries including automotive; data communication systems; consumer electronics; telecommunications; aerospace, defense and marine; medical; energy; and lighting. With approximately 7,000 engineers and worldwide manufacturing, sales and customer service capabilities, we are a recognized leader in many of the industries we serve. More information on TE can be found at http://www.te.com