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1、ANNUAL REPORT 2018Shaping a leader focused in digital industriesABB at a glanceABB is a pioneering technology leader with a comprehensive offering for digital industries.With a history of innovation spanning more than 130 years,ABB is today a leader in digital industries with four customer-focused,g
2、lob-ally leading businesses:Electrification,Indus-trial Automation,Motion,and Robotics&Discrete Automation,supported by its com-mon ABB Ability digital platform.ABBs market-leading Power Grids business will be divested to Hitachi in 2020.ABB operates in more than 100 countries with about 147,000 Con
3、tentsAnnualReport2018Introduction6 29Corporate governance report32 53Compensation Report56 79Financial review of ABB Group82 215ABB Ltd statutory financial statements218 235Supplemental information238 24201020304050601Introduction6 29Chairman and CEO letter8 11New ABB12 15Highlights 201816 17ABB Abi
4、lity18 19Integration of GE Industrial Solutions 20 21Shareholder returns and capital allocation22 23People24 25Sustainability26 27Executive Committee28 298ABB ANNUAL REPORT 2018 01 INTRODUCTIONCHAIRMAN AND CEO LETTERDear Shareholders,Customers,Partners and Employees,Our world is changing faster than
5、 ever.Digital technologies have already revolutionized the way we communicate,shop and bank.Now they are starting to transform industries and the entire“B2B”space.In the years ahead,new technologies will influence the way we power our societies,pro-duce our goods and services,and how we work,live an
6、d move.Over the past few years,with the execution of ABBs strategy,we have laid the foundation for our businesses to compete in fast-changing digital in-dustries and deliver profitable growth.In 2018,we posted solid order and revenue growth:total or-ders were up 8 percent(comparable),having risen in