Modine Publishes 2025 Sustainability Report
Rhea-AI Summary
Modine (NYSE: MOD), a global thermal management technology leader, has released its 2025 Sustainability Report outlining ambitious 2030 environmental targets. The company's primary goal is to achieve a 30% reduction in absolute Scope 1 and 2 emissions from operations compared to 2018 baseline.
The report highlights significant achievements including exceptional safety performance records, reductions in facility emissions, energy intensity, waste, and water usage. For the first time, Modine has included select Scope 3 emissions data, demonstrating its commitment to comprehensive climate action and sustainability strategies.
Positive
- Set ambitious target of 30% reduction in Scope 1 and 2 emissions by 2030
- Achieved one of the best safety performance records in company history
- Successfully reduced facilities' emissions, energy intensity, waste, and water usage
- Initiated reporting of select Scope 3 emissions categories
Negative
- None.
News Market Reaction – MOD
On the day this news was published, MOD gained 1.74%, reflecting a mild positive market reaction. Argus tracked a peak move of +4.5% during that session. Our momentum scanner triggered 28 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $103M to the company's valuation, bringing the market cap to $6.03B at that time. Trading volume was above average at 1.5x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
The centerpiece of Modine's 2030 targets – a
"Our purpose drives us to deliver sustainability performance for our customers, employees, communities, and planet," said Modine President and Chief Executive Officer, Neil D. Brinker. "Our 2030 sustainability targets serve as a unifying call-to-action for our global teams and a demonstration of commitment to our stakeholders as we continue to evolve our portfolio of mission-critical thermal solutions."
The 2025 Sustainability Report includes enhanced metrics and KPIs, enabled by efforts to efficiently leverage global reporting tools and frameworks. In addition, the report highlights key achievements during the past fiscal year such as one of the best safety performance records in the company's history; reductions of facilities' emissions, energy intensity, waste, and water usage; and progress on building a sustainable supply chain strategy.
The report also marks the first reporting of select categories of Scope 3 emissions. Modine is committed to furthering its climate and sustainability strategies in alignment with its customer goals and regulatory footprint.
"Sustainability is a team effort, and it requires us to work hand-in-hand with our global employees and partners," said Erin J. Roth, Modine Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer, who leads the company's sustainability program. "We are proud to highlight the collaborative efforts of our colleagues as we work together every day to engineer a cleaner, healthier world."
Learn more about Modine's efforts by reading our 2025 Sustainability Report, available at Modine.com.
About Modine
For more than 100 years, Modine has solved the toughest thermal management challenges for mission-critical applications. Our purpose of Engineering a Cleaner, Healthier World™ means we are always evolving our portfolio of technologies to provide the latest heating, cooling, and ventilation solutions. Through the hard work of more than 11,000 employees worldwide, our Climate Solutions and Performance Technologies segments advance our purpose with systems that improve air quality, reduce energy and water consumption, lower harmful emissions, enable cleaner running vehicles, and use environmentally friendly refrigerants. Modine is a global company headquartered in
Contact: sustainability@modine.com
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SOURCE Modine