Timken Releases CSR Report, Showcasing Sustainable Innovation and Global Impact

Rhea-AI Summary

Timken (NYSE: TKR), a global leader in engineered bearings and industrial motion, has released its latest Corporate Social Responsibility (CSR) report, showcasing significant environmental and social achievements. The company has made substantial progress toward its 2030 sustainability goals, reducing greenhouse gas emissions intensity by 42% from its 2018 baseline.

Key achievements include a 15-fold increase in renewable energy use since 2018, 88% waste diversion from landfills, and a 40% reduction in total waste generation. The company invested $1.25 million in STEM education programs and reported $4.6 billion in sales for 2024. Timken also highlighted its sustainable product innovations, including EnviroSpexx™ bearings and solutions for vertical farming and medical robots.

Positive

• 42% reduction in greenhouse gas emissions intensity since 2018, ahead of 2030 target
• 15-fold increase in renewable energy use since 2018
• 88% waste diversion rate from landfills achieved in 2024
• Strong employee engagement with 91% participation rate in survey
• Robust financial performance with $4.6 billion in sales for 2024

Negative

• None.

NORTH CANTON, Ohio, Aug. 19, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today published its corporate social responsibility (CSR) report, highlighting advances in environmental sustainability, social impact and product innovation.

"Engineering a more efficient and sustainable world is an essential part of our strategy," said Richard G. Kyle, Timken president and CEO. "This report reflects our progress and our ongoing commitment to our customers, our people and the communities we serve."

The report details Timken's progress toward its target to reduce aggregate Scope 1 and Scope 2 greenhouse gas (GHG) emissions intensity by 50 percent by 2030. From its 2018 baseline year through the end of 2024, Timken decreased emissions intensity by about 42 percent, demonstrating the company's dedication to climate action and responsible operations.

Other report highlights include:

• Doubling capital investment in energy efficiency projects from 2023 to 2024 and achieving a 15-fold increase in renewable energy use since 2018, reinforcing Timken's company-wide effort to identify and share best practices for saving energy and reducing emissions.
• Diverting 88% of waste from landfills in 2024 and reducing total annual waste generation by 40% since 2018, reflecting sustainable resource management principles that are embraced throughout the organization.
• Expanding global employee development and well-being programs while demonstrating Timken's focus on empowerment and inclusion, as reflected in a 91% participation rate from salaried staff in our employee engagement survey.
• Investing in next-generation STEM education. In 2024, Timken invested $1.25 million in global STEM programming and expanded partnerships with organizations including FIRST^® and the Girl Scouts, reaching thousands of students worldwide.
• Delivering innovative, sustainable products — like EnviroSpexx™ bearings for energy savings and advanced solutions for vertical farming, precision agriculture and medical robots — that help customers reduce energy use, cut waste and improve performance in demanding applications.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For more than 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. Timken posted $4.6 billion in sales in 2024 and employs approximately 19,000 people globally, operating from 45 countries.

Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com

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SOURCE The Timken Company

FAQ

What are Timken's (TKR) greenhouse gas emission reduction targets and progress?

Timken aims to reduce Scope 1 and 2 GHG emissions intensity by 50% by 2030. As of 2024, they have achieved a 42% reduction from their 2018 baseline.

How much did Timken (TKR) invest in STEM education in 2024?

Timken invested $1.25 million in global STEM programming in 2024, partnering with organizations like FIRST® and the Girl Scouts.

What was Timken's (TKR) waste reduction achievement in 2024?

Timken achieved an 88% waste diversion rate from landfills in 2024 and reduced total annual waste generation by 40% since 2018.

What was Timken's (TKR) revenue in 2024?

Timken reported $4.6 billion in sales for 2024, operating across 45 countries with approximately 19,000 employees globally.

What sustainable products has Timken (TKR) developed?

Timken has developed EnviroSpexx™ bearings for energy savings and advanced solutions for vertical farming, precision agriculture, and medical robots.