MINNEAPOLIS (April 22, 2025) — Donaldson Company, Inc. (NYSE:DCI), a leading worldwide manufacturer of innovative filtration products and solutions, today published its Fiscal Year 2024 Sustainability Report. The report details progress against the Company’s 2030 Sustainability Ambitions and outlines actions taken to reduce environmental impact, enhance employee safety, and invest in communities—efforts that support long-term business resiliency and customer alignment.
"Our sustainability strategy—Filtration for a Thriving Future—is tightly integrated with how we drive innovation, serve customers, and manage risk. Fiscal 2024 was marked by tangible progress, with continued execution of initiatives that create value for our stakeholders and position Donaldson for long-term growth."
Tod Carpenter, Chairman, President and Chief Executive Officer, Donaldson Company, Inc.
Key Progress in Fiscal Year 2024
Strategic Focus Area |
2030 Sustainability Ambition |
FY24 Performance |
|---|---|---|
Carbon Reduction |
Targeting an absolute reduction of Scope 1 and 2 GHG emissions by 42% over a FY21 baseline |
Reduced our Scope 1 and 2 GHG emissions by 18%, or more than 20,400 mt CO2e, compared to the FY21 baseline |
Resource Efficiency |
Aim to reduce landfill waste from operations from a FY24 baseline and/or increase recycling, reuse, and material optimization, targeting a total impact of 3,200 metric tons (40% of FY24 landfill waste) |
New ambition, initial baseline is FY24 |
Operational Resiliency |
Aim to have year-over-year reductions in life-changing events and consistently have zero life-changing events |
Seven life-changing events (work-related fatalities, hospitalizations, amputations, or vision loss due to serious injury or illness) occurred, which was an increase of three over FY23 |
Community Engagement |
Aim to increase charitable giving through the Donaldson Foundation by 25% every four years, giving cumulatively at least $13.5M from FY22 to FY30 |
The Donaldson Foundation donated $1.2 million in FY24 and $3.6 million cumulatively since the FY22 baseline |
Business Advantage Through Sustainability
The report also outlines how Donaldson’s sustainability efforts are enabling the company to:
- Reduce energy and material costs through operational efficiency and waste reduction
- Enhance supply chain competitiveness through renewable energy sourcing and emissions transparency
- Strengthen customer relationships, particularly with OEMs and multinationals seeking lower-carbon, circular solutions
- Maintain a strong reputation among institutional investors, regulators, and rating agencies
New in Fiscal Year 2024
- The introduction of an ambition to reduce landfill waste from operations and/or increase recycling, reuse, and material optimization, targeting a total impact of 3,200 metric tons (40% of FY24 landfill waste)
- Completion of 134 energy efficiency projects across global operations
- Advancement of a large-scale solar Virtual Power Purchase Agreement (VPPA) with partners to support U.S. electricity demand decarbonization
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