Hubbell Incorporated leads the way in the manufacturing of utility and electrical solutions by enabling its customers to operate critical infrastructure safely, reliably, and efficiently. With a focus on delivering high-quality and dependable products, Hubbell Incorporated positions itself as an ethically and sustainably conscious company, even being recognised as one of the 2023 World’s Most Ethical Companies by Ethisphere. Therefore, it’s no question why Hubbell Incorporated is such a crucial player in both the world of electrical and utility manufacturing and in the wider sphere of ethical business practice.
Hubbell Incorporated began by developing equipment and tooling to serve the growing demands for new assembly and manufacturing machinery as part of the industrial revolution. This core value of development has remained with the company, and as of 2022 boasts US$4.9 billion in revenue. The foundation of Hubbell Incorporated’s success is to serve customers, whilst operating with discipline growing the enterprise as a company that is respected by customers and provides a place for employee development. The company has positioned itself since its beginning as a global player in the world of electrical and utility manufacturing; now with a collection of 75 respected and well-known brands in its portfolio, all managed and processed by its almost 19,000 employees across the globe.
As a company, Hubbell Incorporated aims to provide solutions that help its customers to succeed, including solutions in energy saving, safety and security, extreme environments, ground bonding, wire and management, and foundation repair. As part of their operations, they work in a great variety of markets, therefore the recognition as one of the leading companies for ethical practices exemplifies the excellence that Hubbell Incorporated has instilled throughout its operations since its origins.
A central philosophy of Hubbell Incorporated is ethics and sustainability, and as previously mentioned they have been named, for the third time, as one of 2023 World’s Most Ethical Companies. This title was given by Ethisphere, who conduct a review of companies internationally asking questions about their practices. This includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversification, and initiatives that support a strong value chain. Consequently, Hubbell Incorporated stands out as one of 135 companies internationally that was given this title and exemplifies the practices towards ethical and sustainable development in the business.
Hubbell Incorporated is keenly aware of its responsibility to manage the environmental, social and governance (ESG) factors that are impacted by its operations. They believe that sustainability is a meaningful driver for business resilience and growth. Therefore, their sustainable efforts reflect their commitment to energizing and empowering the communities that support the work they are doing. Since its founding 130 years ago, there has always been an emphasis on long-term performance and impact on the environment which has guided the company and its decision-making. To ensure the company is sticking to and meeting its aims in terms of sustainability, they conduct regular ESG materiality assessments.
Hubbell Incorporated has been smashing its sustainability targets. Two of their initial key sustainability targets were to reduce their absolute Scope 1 and 2 greenhouse gas emissions and absolute water consumption by 10% by 2025, when compared to the base level set in 2019. However, as of 2021 they have already achieved both targets and continue to work towards reducing water consumption and greenhouse gas emission. Therefore, as part of their 2023 sustainability report, Hubbell Incorporate has committed to reducing Scope 1 and 2 greenhouse gas emissions by 30% by 2030. Also, they are aiming to reduce water usage by 25% and reduce hazardous waste by 30% by 2030. As we can see, Hubbell Incorporated is always trying to improve and better its goals to drive its sustainability performance.
Furthermore, the company also achieved the title of one of the most ethical companies in the world for 2023 due to its dedication to social responsibility. As a company, they strive to provide a positive and inclusive work environment by continually fostering a culture that supports its employees’ health, safety, diversity, and well-being. However, their work does not end at the edges of the business, instead, they have expanded their commitments to the communities in which they operate and to the stakeholders they engage with. Hubbell Incorporated is actively giving back to its immediate communities by actively putting employee volunteering and gift matching in place. Additionally, social responsibility is a key concern throughout their supply chain, and in a further effort to give back they have set up corporate donations via The Hubbell Foundation. Which, as of December 2021, has donated US$1,000,000 annually to benefit science, technology, engineering, and math programmes, as well as a variety of additional charities.
Overall, Hubbell Incorporated champions efficient and reliable solutions and leads the way in electrical infrastructure. They align themselves with sustainable goals that they strive to actively achieve in everything they do. It is clear to see throughout its operations that they are a company that believes in environmental change, whilst promoting a safe, productive, and inclusive work environment. Their recognition by Ethisphere again exemplifies the role they play globally, and we wouldn’t be surprised to see Hubbell Incorporated on their list for many more years to come.