Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• TRR and DART rates for 2020 were 0.98 and 0.65, respectively.
• 12 sites across the Company maintain certifications to either ISO 14001 and/or OHSAS 1801.
• Launched a company-wide EHS Management System (EHMS) in early 2021.

Social Achievements

• Partnered with a third-party employment engagement survey provider to survey employees worldwide.
• Promote ongoing career development for employees to encourage innovation and engagement.
• Encourage employee involvement through charitable donations and volunteer programs.

Governance Achievements

• Adopted best practices in corporate governance, including 100% independent board committees and a robust stock ownership requirements for directors and executive officers.
• Maintained a strict supplier code of conduct.
• Conduct global workforce training programs on ethics and anti-bribery/trade compliance and offer a 24/7 anonymous ethics hotline.

Climate Goals & Targets

Environmental Challenges

• Lower customer demand due to the COVID-19 pandemic.
• Supply delivery interruptions due to the COVID-19 pandemic.
• Workforce availability issues due to the COVID-19 pandemic.

Mitigation Strategies

• Furloughs, reductions in discretionary spending, and restructuring actions.
• Reduced production schedules to align production output with changing customer demand.
• Developed ways to manage operational challenges brought on by the pandemic.

Supply Chain Management

Responsible Procurement

• Responsible sourcing of materials by not directly purchasing conflict minerals and not having direct relationships with mines or smelters that process these minerals.
• Strict supplier code of conduct.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Achieved an MSCI ESG rating of A based on continuous improvement in sustainability.
• Established an energy baseline to track energy usage and spend; anticipates disclosing climate change data by the end of 2023.

Social Achievements

• Putting greater emphasis on diversity, equity and inclusion, talent acquisition and development, and the overall employee experience.
• Five new colleagues were recognized in the Technical Fellows Program in 2021.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Global supply chain challenges and inflationary impacts.
• COVID-19 pandemic challenges.

Mitigation Strategies

• The team proved extremely capable of managing through the global supply chain challenges and inflationary impacts, strengthening leading market positions and driving increased efficiency across global operations.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• World Traction Inverter (WTI) family of products for electric vehicles; technologies for nuclear power generation.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• climate change
• sustainability
• employee safety
• human capital (diversity, equity, and inclusion)
• ethical business practices
• responsible sourcing
• human rights
• cybersecurity
• data privacy

Environmental Achievements

• Transitioned utility bill management to a third party to determine greenhouse gas (GHG) emissions in accordance with industry standards and applicable regulatory reporting requirements. Disclosed initial climate data in early 2024.
• 13 sites maintain certifications to ISO 14001 and/or OHSAS 18001/ISO 45001.
• Launched a company-wide EHS Management System (EHS MS) in 2021, consistent with ISO 14001 requirements.

Social Achievements

• Conduct employee engagement pulse surveys to assess work environments.
• Utilize exit and onboarding interviews to identify drivers of employee turnover and improve employee experience.
• Promote ongoing career development through reviews and talent/leadership development initiatives.
• Maintain a Company-sponsored scholarship program for dependent children of employees (90 scholarships awarded in 2023).
• Provide employees and their families with health and wellness programs (biometric screening, flu shot clinics, tobacco cessation program, employee assistance program).

Governance Achievements

• Maintain a strict supplier code of conduct.
• Conduct annual global workforce training programs on ethics and anti-bribery/trade compliance.
• Maintain a global, multi-lingual, 24/7 anonymous ethics hotline.
• Conduct EH&S and financial audits of facilities worldwide.
• Maintain an Integrated Risk and Compliance program.

Climate Goals & Targets

Environmental Challenges

• Continuing supply chain delivery disruptions
• Workforce availability issues
• Inflationary pressures

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• supplier code of conduct, conflict minerals policy

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001, OHSAS 18001/ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Launched Sustainability website
• Company-wide EHS management system
• Employee training, development & engagement
• Supply chain management – safety, human rights and product quality
• Corporate philanthropy & giving

Governance Achievements

• Long track record of strong governance and safety metrics
• MSCI ESG rating of “A”
• Board / executive oversight
• Created cross-functional ESG council
• Strong Board diversity
• Independent lead director

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed