Companies are assessed and selected based on their long-term economic, social and environmental asset management plans. Selection criteria evolve each year and companies must continue to make improvements to their long-term sustainability plans in order to remain on the Index. Indices are updated yearly and companies are monitored throughout the year.
TE Connectivity CEO Terrence Curtin stated: "We are proud to be named to the Dow Jones Sustainability North America Index for the sixth consecutive year. This recognition highlights our commitment to creating a safer, sustainable, productive and connected future, and we look forward to maintaining this commitment and creating a more sustainable company for our shareholders as well as the economies, environments and societies in which we operate."
In fiscal year 2016, TE's sustainability efforts included multiple projects to contribute to efficient transportation technology, including the Hyperloop project and the first solar flight around the world. TE also worked to develop a more localized and sustainable supply chain, and 90 percent of production materials now come from local suppliers. While growing in production and sales, TE decreased its absolute greenhouse gas emissions by 21 percent, absolute energy use by 11 percent and absolute water usage by 30 percent since 2010. TE's donations to communities around the world exceeded $4 million and our employees volunteered over 21,000 hours to charitable causes.
More information about TE Global Corporate Responsibility and the company's 2016 Corporate Responsibility report can be found at www.te.com/responsibility.