GlobalTech Industries is proud to present our 2024 Annual Sustainability Impact Report, highlighting our environmental, social, and governance (ESG) achievements over the past fiscal year. As a leading technology manufacturer with operations in 28 countries, we recognize our responsibility to minimize our environmental footprint while maximizing positive social impact.
Our environmental initiatives demonstrated substantial progress in 2024. We achieved a 35% reduction in carbon emissions compared to our 2020 baseline, surpassing our initial target of 30%. This accomplishment resulted primarily from our transition to renewable energy sources, which now power 78% of our global manufacturing facilities. Additionally, we implemented advanced water recycling systems at all major production sites, reducing freshwater consumption by 42% and preventing approximately 15 million liters of wastewater from entering local ecosystems.
On the social responsibility front, we made significant investments in workforce development and community engagement. We expanded our technical training programs, providing over 45,000 hours of professional development opportunities to employees worldwide. Our commitment to diversity and inclusion yielded measurable results: women now comprise 38% of our global workforce and hold 31% of senior leadership positions, representing increases of 5% and 7% respectively from the previous year.
Our supply chain ethics program underwent comprehensive enhancement in 2024. We conducted audits of 250 supplier facilities, ensuring compliance with our strict labor standards and environmental requirements. Twelve suppliers failed to meet our criteria and were removed from our approved vendor list, while we worked collaboratively with 38 suppliers to implement corrective action plans. This rigorous oversight protects workers' rights and ensures product quality throughout our supply chain.
Looking forward to 2025, we are setting even more ambitious targets. We aim to achieve carbon neutrality across all operations by 2030, increase renewable energy usage to 90%, and ensure that 50% of our products utilize recycled materials. We believe that sustainable business practices are not merely ethical obligations but strategic imperatives that drive long-term value creation for all stakeholders. The complete 78-page report is available on our website at www.globaltech.com/sustainability.