Jabil Cuts GHG Emissions Nearly 50%, Releases 2024 Sustainability Report
Jabil Inc. has published its Fiscal Year 2024 Sustainability Progress Report, showcasing the company’s significant strides in reducing environmental impact, supporting community engagement, and strengthening sustainable business practices. This report underscores Jabil’s commitment to meeting its ambitious five-year sustainability goals, reflecting ongoing efforts to drive positive change within its operations and industry.
Commitment to Sustainability and Corporate Responsibility
Jabil has long embraced sustainability as a core value, integrating environmental, social, and governance (ESG) principles into its business strategy. The company has actively worked to reduce greenhouse gas (GHG) emissions, enhance waste management practices, and engage in collaborative sustainability initiatives with industry leaders.
“As we navigate an era defined by complex global challenges, I am proud to reflect on the bold action and meaningful collaborations that have reinforced Jabil’s commitment to ‘doing the right thing in the right way’ for our customers, employees, and the communities where we operate,” said Mike Dastoor, CEO of Jabil. “Jabil’s comprehensive sustainability strategy positions us to address these challenges head-on by establishing guiding principles that inform our decisions and drive us toward a sustainable future for generations to come.”
Fiscal Year 2024 Sustainability Achievements
Jabil’s 2024 Sustainability Progress Report highlights substantial advancements in key environmental and social impact areas:
- Greenhouse Gas Emissions Reduction: The company reduced enterprise-wide greenhouse gas (GHG) emissions by 46% compared to its fiscal year 2019 baseline. This achievement results from Jabil’s sustained investment in renewable energy and energy-efficient solutions. Having already reached a 29% reduction by the end of fiscal year 2023—two years ahead of schedule—Jabil is on track to surpass its 50% reduction target well before 2030.
- Scope 3 Emission Tracking: Jabil expanded its Scope 3 indirect GHG emission inventory, gaining a more comprehensive understanding of its overall carbon footprint. This effort will allow for better-targeted strategies to minimize emissions across the company’s supply chain and operational activities.
- Waste Diversion Progress: The company reported that 10% of its applicable sites achieved a landfill diversion rate of 90% or more, marking substantial progress toward its five-year goal. These efforts reduce landfill waste and promote circular economy principles.
- Circular Economy Partnerships: Jabil joined the Circular Electronics Partnership (CEP), reinforcing its dedication to advancing circularity within the electronics industry. This collaboration fosters innovation in sustainable product design, materials recovery, and responsible end-of-life management.
- Strategic Acquisition for Sustainable Solutions: Jabil acquired Mikros Technologies, a leader in energy-efficient liquid cooling solutions for thermal management. This acquisition aligns with the company’s efforts to enhance sustainability in manufacturing and product development.
- Community Engagement and Volunteerism: Employees contributed over 589,000 volunteer hours to local communities during the 2024 calendar year, significantly exceeding the initial goal of 500,000 hours. This milestone underscores Jabil’s dedication to fostering social responsibility and positive community impact.
Aligning with Global Sustainability Standards
As governments and regulatory bodies implement stricter sustainability reporting requirements, Jabil remains steadfast in aligning its sustainability strategies with global standards. New regulations, such as the European Union’s Corporate Sustainability Reporting Directive (CSRD) and state-level environmental policies, emphasize the importance of transparency and accountability in corporate ESG initiatives. Jabil is committed to compliance and supporting its customers by providing solutions that enable them to achieve their own sustainability goals.
Industry Collaboration and Endorsements
Jabil’s leadership in sustainability has earned recognition from partners and industry leaders who share a commitment to environmental stewardship. Companies such as Thermo Fisher Scientific and Ocado have expressed their appreciation for Jabil’s contributions to sustainability efforts.
“At Thermo Fisher, our ambition to achieve net zero Emissions emissions by 2050 is firmly rooted in our mission to enable our customers to make the world healthier, cleaner, and safer. Collaborating with suppliers like Jabil accelerates our collective progress on this journey and plays a vital role in advancing our shared goal for a healthier planet,” said Alyssa Caddle, Director of Sustainability at Thermo Fisher Scientific.
Julia Rowe, Sustainability Director at Ocado, echoed similar sentiments, highlighting Jabil’s role in supporting Ocado’s sustainability strategy: “Ocado’s sustainability goals are arranged around 4Cs—climate, circularity, conduct, and community—with a commitment to net zero in our entire value chain (Scopes 1, 2, and 3) by 2040. Jabil has been a key strategic partner supporting our Scope 3 decarbonization path. Their advancements in sustainability and expertise in the circular economy are significantly augmenting our sustainability initiatives, and we look forward to continuing to work with Jabil to deliver our commitments to responsible sourcing.”
Data-Driven Sustainability and Transparency
Jabil continues to advance its sustainability goals through a data-driven approach, ensuring that progress is measurable and transparent. The company’s annual sustainability report aligns with internationally recognized frameworks, including:
- Global Reporting Initiative (GRI): A widely adopted standard for sustainability reporting that emphasizes economic, environmental, and social impacts.
- Sustainability Accounting Standards Board (SASB): A framework that provides industry-specific sustainability reporting guidelines.
- Task Force on Climate-Related Financial Disclosures (TCFD): A global initiative aimed at enhancing climate-related financial reporting to inform investors and stakeholders.
Adapting to an Evolving Regulatory Landscape
Jabil recognizes that the regulatory landscape surrounding sustainability is rapidly changing, requiring businesses to reassess how they collect, report, and act on sustainability data. The company views these changes as an opportunity to strengthen its commitment to sustainability and integrate data-driven strategies that enhance operational efficiency and innovation.
“The rapidly changing legal and regulatory landscape is driving businesses to reassess what and how to report on sustainability matters. While this presents new challenges in collecting and communicating sustainability data, we recognize the opportunities it creates for integrated Emissions, sustainability initiatives, backed by data-driven strategies, which encourage operational efficiency and innovation. For global markets, these developments highlight the importance of consistent practices across regions, enabling companies to not only adapt to compliance requirements but also contribute to meaningful environmental and social progress,” said Thomas Cetta, Jabil’s Senior Vice President and Chief Compliance Officer.
