STAMFORD, CT – HARMAN International Industries (NYSE:HAR), the leading global audio and infotainment group, today released its Sustainability Report 2011, the company’s first report to share details of how it is embedding principles of sustainability across all aspects of its business.
“At HARMAN, we are committed to an integrated set of actions and measurements that empower our employees and sustain our business in this complex world in which we live,” said Dinesh C. Paliwal, the Company's Chairman, President and CEO. “We are taking a straightforward approach to sustainability that generates shareholder value as we innovate and partner with important stakeholders to improve safety on the road for today’s connected generation, we execute plans to reduce our energy consumption, and we invest in local communities and our employees.”
HARMAN’s 2011 Sustainability Report outlines its vision for a sustainable future and describes strategies to further set the company apart as an industry leader. Highlights from the report include:
· Generating shareholder value and promoting safe sound enjoyment - HARMAN has achieved dramatic change over the past few years by focusing on continuous cost management and growth at both the top and bottom line. The company will continue its transformation with sustainability playing a key role in an enduring business model that harnesses the power of innovative audio technologies to improve the safe enjoyment of today’s connected lifestyle products.
· Innovating to improve environmental performance – HARMAN will continue to incorporate its sustainability vision into the design of its products and will implement energy reduction initiatives at three of its largest facilities. The company is setting new targets to reduce its energy use and greenhouse gas emissions beginning with its manufacturing footprint.
· Making sound investments in people and communities – Furthering its commitment to improving local communities, HARMAN will establish a dedicated fund to invest in community music education, events and infrastructure.
The full 2011 Sustainability Report, available online at www.harman.com/sustainability provides more details on HARMAN’s commitment to being the leading premium audio and infotainment company in a safe and sound world.
HARMAN (www.harman.com) designs, manufactures and markets a wide range of audio and infotainment solutions for the automotive, consumer and professional markets — supported by 15 leading brands, including AKG, Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson. The company is admired by audiophiles across multiple generations and supports leading professional entertainers and the venues where they perform. More than 25 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of about 12,500 people across the Americas, Europe and Asia, and reported net sales of $4.0 billion for twelve months ending September 30, 2011. The Company's shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.