NORTH CANTON, Ohio,
Nov. 2, 2020 /PRNewswire/ -- The
Timken Company (NYSE: TKR; www.timken.com), a world leader in
engineered bearings and power transmission products, today issued
its 2019 corporate social responsibility (CSR) report and vision,
inspired by engineering and systems thinking.
"Our ability to adapt to a changing world is more critical than
ever, and as an engineering-focused organization, we are well
equipped to do so," says Rich Kyle,
president and CEO. "Engineering, as a discipline, provides us with
the tools and thinking we need to help build a world that is both
more efficient and more resilient. In 2019, we furthered our
commitment to being transparent and accountable, measuring the
progress we have made for the planet and people, and determining
where we need to focus our efforts."
The 2019 Timken CSR Report introduces three focus areas the
company has identified to measure and advance its CSR initiatives –
growing knowledge, advancing sustainability and promoting
leadership. Each focus area is aligned with the company's core
competency as a global industrial leader to ensure it can make the
most positive impact for all stakeholders:
- Growing knowledge: focusing on the power of learning and
diverse perspectives by investing in associate training and
development programs that support a culture of learning; enhancing
diversity and inclusion initiatives to encourage global, diverse
viewpoints; and rewarding associates with strong wages and
competitive benefits.
- Advancing sustainability: leveraging the promise of a
better tomorrow as the inspiration for today's innovations by
engineering products that increase the energy efficiency of
machinery and equipment; propelling the renewable energy sector;
continuously improving industry-leading safety programs to protect
associate health and safety; and embracing energy efficiency,
pollution prevention, waste management and recycling programs at
Timken facilities globally.
- Promoting leadership: Upholding strong corporate
governance principles and practices to promote the interests of the
company and its stakeholders; operating ethically and responsibly;
and building and investing in communities through associate and
corporate-led giving, partnership and volunteerism.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs
a growing portfolio of engineered bearings and power transmission
products. With more than a century of knowledge and innovation, we
continuously improve the reliability and efficiency of global
machinery and equipment to move the world forward. Timken
posted $3.8 billion in sales in 2019
and employs more than 17,000 people globally, operating from 42
countries.
Media Relations:
Scott
Schroeder
234.262.6420
scott.schroeder@timken.com
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SOURCE The Timken Company