ABB Publishes 2024 Annual Reporting Suite

ABB has released its 2024 Annual Reporting Suite, featuring insights into its financial, governance, and sustainability performance. The Integrated Report highlights the company's strategies and achievements, reflecting a record revenue of $32.9 billion. The operational EBITA margin stands at 18.1%, with a free cash flow of $3.9 billion.

In sustainability, ABB reports a 78% reduction in scope 1 and 2 greenhouse gas emissions since 2019 and an 8% reduction in scope 3 since 2022. ABB products avoided 66 megatons of emissions in 2024, contributing to a cumulative 204 megatons since 2022.

Chairman Peter Voser and CEO Morten Wierod underscore the progress in ABB's operational model and sustainability goals, aiming for 100% GHG reduction by 2050 and significant material circularity by 2030.