BAKU, Azerbaijan, May 5
By Leman Zeynalova – Trend:
ABB recorded a 22 percent year-on-year reduction of CO₂ emissions in its own operations mainly due to increased use of renewable electricity, Trend reports citing the company.
This was underlined by the unveiling of a new solar power generation and renewable energy integration system at its low-voltage products manufacturing site in Beijing.
ABB took important steps in the first quarter of 2021 to establish the governance of its new ambitious 2030 sustainability strategy, which was launched in November 2020. There is a clear focus on areas with the biggest impact – enabling a low-carbon society by reducing emissions, preserving resources, and promoting social progress underpinned by a strong commitment to integrity and transparency.
ABB published its Annual Sustainability Report 2020, achieving most of its targets and reducing greenhouse gas emissions by 58 percent since 2013.
Cash flow from operating activities in continuing operations was $523 million, very strong for a first quarter which normally is seasonally weak, and a significant improvement of $919 million compared with the corresponding period last year. All business areas contributed to the increase which primarily related to the contribution from a higher operational result, a lower build-up of working capital and more favorable timing of tax payments.
ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels.
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