Skip to main content

KEMET Publishes Second Annual Corporate Sustainability Report

Written by Customer Service on . Posted in Public Companies.

FORT LAUDERDALE, Fla., May 28, 2020 (GLOBE NEWSWIRE) — KEMET Corporation (“KEMET” or the “Company”) (NYSE: KEM) a leading global supplier of electronic components, released its 2019 Corporate Sustainability Report (CSR), demonstrating its mission in making the world a better, safer, and more connected place to live. The report includes KEMET’s global environmental, social, and governance (ESG) activities, sustainability strategy, and progress towards the Company’s environmental and social responsibility goals for 2020.
Sustainability is evident throughout KEMET’s global operations through the adoption of the Responsible Business Alliance Code of Conduct, a world-class conflict minerals program, as well as yearly submissions of data to the Carbon Disclosure Project (CDP) to name a few. Additionally, KEMET’s electronic components are moving the world towards a more renewable, cleaner powered future. At the center of this movement is the fight against climate change and KEMET accelerated its internal initiatives to reduce its greenhouse gas footprint. In the latest CSR, KEMET reports a 13% reduction in absolute carbon emissions from its global, direct operations from CY2018 to CY2019, exceeding its goal of 3%. This improvement marks significant progress in KEMET’s operational climate-related impact and sets the path to develop Science-Based Targets within the coming years.Other notable accomplishments included in the CSR:Reduction of overall water consumption by 43% across all global facilities;Reduction in use of plastic in packaging materials by 63%;Marked improvement in third-party ESG scores and ratings, including the release of KEMET’s first publicly available CDP Water Security and Climate Change scores.William M. Lowe, Jr., Chief Executive Officer of KEMET, said, “We are committed to elevating our ESG profile and continuing to deliver long-term sustainable success for our employees, customers, and communities where we operate. Our products and technologies are critical in building a sustainable future and creating positive social and environmental impacts for all stakeholders.”KEMET’s CSR utilizes recognized standards and frameworks to provide Key Performance Indicators, including the Sustainability Accounting Standards Board and the Task Force on Climate-Related Financial Disclosure. To learn more about KEMET and its sustainability initiatives, download the full report at https://www.kemet.com/en/us/about/sustainability.html.About KEMET
KEMET offers our customers the broadest selection of capacitor technologies in the industry, along with an expanding range of electromechanical devices, electromagnetic compatibility solutions and supercapacitors. Our vision is to be the preferred supplier of electronic component solutions demanding the highest standards of quality, delivery and service. The Company’s common stock is listed on the NYSE under the symbol “KEM.” Additional information about KEMET can be found at www.kemet.com.
Fernando Spada
Vice President, Marketing & Digital Engagement
fernandospada@kemet.com
954.766.2815                 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.