FALLS CHURCH, Va. – March 28, 2022 – Northrop Grumman Corporation (NYSE: NOC) has committed to the goal of achieving Net Zero greenhouse gas (GHG) emissions in its operations by 2035. Detailed in the company’s newly released 2021 Sustainability Report, setting the goal is the next step in the company’s journey to decarbonize.
For more than a decade, Northrop Grumman has taken meaningful action, based on scientific data, to reduce the carbon footprint of its operations by 30 percent. Now the company will push this reduction further through means such as expanding on site solar opportunities and incentivizing operations-related emissions reductions through the company’s non-financial metrics.
“Climate change presents a real threat. Increased natural disasters, population displacements and conflicts over essential resources like food and water impacts us all,” said Kathy Warden, chair, chief executive officer and president, Northrop Grumman. “Northrop Grumman’s Net Zero goal is one of the ways we’re taking proactive steps to have a lasting impact in bringing forth a safer, more sustainable world.”
The Net Zero goal is one component of the environmental, social and governance (ESG) efforts addressed in Northrop Grumman’s newly released Sustainability Report, which includes data and information about our goals, initiatives and progress. Northrop Grumman has been recognized as a well-known leader in diversity, equity and inclusion. In 2021, DiversityInc named Northrop Grumman one of their Top 50 Companies for Diversity for the 12th year in a row. Diversity of thought and experience remain fundamental to Northrop Grumman’s values.
“We believe that diversity at every level helps us to deliver strong and sustainable performance by bringing fresh thinking, creativity and innovation to help solve complex challenges,” said Warden. “I am proud of how our company continues to champion diversity, equity and inclusion and drive positive change in our company and beyond.”
Governance efforts are key to Northrop Grumman’s high standards of business excellence. Northrop Grumman is dedicated to conducting business effectively and responsibly, from the company’s Board of Directors whose diverse skills and experience enhance performance, to the “speak up” culture that helps it lead with honesty and integrity.
Additional highlights from this year’s report include:
- Driving water conservation measures in drought-prone states, like California, resulting in a 12 million-gallon reduction in water withdrawals.
- Expanding the boundaries of what it means to be a global steward through programs like the Mission Extension Vehicles, which makes spacecraft reusable, and initiatives like Tech for Conservation, which pairs Northrop Grumman engineers with conservationists in need of technological solutions to unique challenges facing ecosystems.
- Preparing for the fully electric transition of Northrop Grumman’s vehicle fleet by investing in dedicated charging stations.
- Accelerating positive societal impact as one of Equileap's top 25 companies for gender equality on the S&P 500 and as “Best of the Best” in Top Supplier Diversity Programs by U.S. Veterans Magazine.
Northrop Grumman is a technology company, focused on global security and human discovery. Our pioneering solutions equip our customers with capabilities they need to connect, advance and protect the U.S. and its allies. Driven by a shared purpose to solve our customers’ toughest problems, our 90,000 employees define possible every day.
Note: Statements in this press release, and statements made in the 2021 Sustainability Report, contain or may contain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,” “anticipate,” “commit,” “intend,” “may,” “could,” “should,” “plan,” “project,” “forecast,” “believe,” “estimate,” “outlook,” “trends,” “goals” and similar expressions generally identify these forward-looking statements. These forward-looking statements speak only as of the date when made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements after the date of this release, except as required by applicable law. Forward-looking statements are not guarantees of future performance and inherently involve a wide range of risks and uncertainties that are difficult to predict. A discussion of these risks and uncertainties is contained in the Company’s filings with the Securities and Exchange Commission.