Eaton ahead or on pace to meet many of its ambitious 2030 sustainability goals

• Company      reduces GHG emissions 16% since 2018, equivalent to the emissions more      than 30,000 cars generate in a year

• Sustainable      solutions represented nearly two thirds of 2021 net sales

• Invested      $528 million in research and development for sustainable solutions since      2020

• More than      halfway to water and waste reduction targets four years ahead of schedule

Eaton (NYSE:ETN) treleased two reports featuring the company’s progress in meeting its 2030 sustainability goals.

Eaton’s 2021 Sustainability Report highlights efforts toward achieving the company’s science-based greenhouse gas reduction (GHG) targets, its commitment to become carbon neutral by 2030 and other sustainability initiatives. Eaton’s 2022 Task Force on Climate-related Financial Disclosures (TCFD) Report details Eaton’s forward-thinking approach to climate-related risks and opportunities.

The reports show Eaton is ahead or on pace to meet many of its targets, including:

• GHG      reduction: Reduced GHG      emissions 16% since 2018, keeping company on track to meet approved      science-based target and in line with limiting global warming to 1.5°C.

• Sustainable      solutions: Solutions that enable      electrification, energy transition, electric grid resilience, increase      efficiency in ground and air transportation and improve air quality      represented 65% of the company’s net sales in 2021.

• Sustainable      investments: Invested $528 million in research      and development for sustainable solutions since 2020.

• Zero      water discharge: Certified more than half      of manufacturing sites included in 2030 goal in first full year of new      zero water discharge initiative. Focused on sites in water stressed areas.

• Zero      waste to landfill: Certified 65%      of manufacturing sites as zero waste to landfill, with a goal to certify      100% by 2030.

• Employee      development: Met 2021 company employee      training hours goal.

Full results can be seen on the company’s 2021 Sustainability Dashboard.

“In these external reports, we’re pleased to report our progress toward our 2030 sustainability goals,” said Craig Arnold, chairman and chief executive officer, Eaton. “They demonstrate our commitment to delivering sustainable solutions to the world and the significant progress we have made over the last few years.”

“These reports highlight how we’re helping decarbonize electricity and optimize energy usage for our customers around the world, and at home in our own operations,” said Harold Jones, chief sustainability officer and executive vice president, Eaton Business System, Eaton. “This critical work is all in service of our mission and core to the fabric of our organization.”

Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.