I’m pleased with the operational results achieved in 2011, and I’m just as proud of the manner in which we achieved them — with a commitment to sound corporate governance and responsible corporate citizenship. One of the biggest responsibilities of all leaders at Tenneco, beginning with me, is to guarantee we operate with the highest standards of integrity and ethical behavior. Additionally, our commitment to the safety of our employees and respect for the environment should be unquestioned.
The strength of this commitment can be seen in our unwavering focus on ethical business practices, both in our processes and our people. Tenneco operates with a single code of ethics, which sets a consistent standard for all employees, and is emphasized through regular ethics training including mandatory annual certification.
Tenneco also is committed to providing safe workplaces and promoting the health of our employees everywhere we operate. In 2011, we reemphasized the importance of our safety programs and encouraged our employees to build upon recent improvements. In five years, we have reduced our global injury rate (as measured by the OSHA recordable rate) from 3.9 to 1.6—a 60% decrease. While Tenneco’s injury rates remain significantly lower than the U.S. industry average, we will not be satisfied until every employee goes home from work as healthy as when they arrived, every day, everywhere we operate. Tenneco also has a dedicated team responsible for our compliance with the European Community’s REACH legislation, which aims to protect workers and the environment by regulating the safe use of chemicals in industry.
Tenneco’s dedication to the environment begins with the products we deliver to our customers that help control vehicle emissions and improve the performance of millions of vehicles produced every year. Our dedication to environmental stewardship includes continuously working to minimize the environmental impact of our global operations. Our greenhouse gas reduction initiative continues to progress toward our goal of a 20% reduction by 2014 relative to our 2008 baseline.