Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Governance
• Diversity
• Citizenship
• Environmental Stewardship

Environmental Achievements

• Targeting a 15% reduction in Greenhouse Gas emissions by 2024 (from 2019 baseline)
• Targeting a 15% reduction in energy intensity by 2024 (from 2019 baseline)
• Increased production of electric and hybrid machines

Social Achievements

• Established a cross-functional Coronavirus Response Team to ensure employee safety during the pandemic
• Mobilized a Diversity, Equity & Inclusion Advisory Committee focused on training, development, recruitment, and inclusion
• Made progress towards increasing women's representation in leadership, line roles, and overall workforce

Governance Achievements

• Implemented a Business Practices Advocates program to drive responsible business practices
• Maintained a Terex Helpline for reporting unethical or illegal conduct
• Implemented a Code of Ethics and Conduct

Climate Goals & Targets

Environmental Challenges

• Unprecedented operational challenges from the COVID-19 pandemic

Mitigation Strategies

• Established a cross-functional Coronavirus Response Team, implemented strict preventive guidelines, and encouraged remote work where possible

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB standards

Sustainable Products & Innovation

• Electric and hybrid machines

Environmental Metrics

ESG Focus Areas

• Greenhouse Gas Reduction and Energy Conservation
• Safety
• Diversity, Equity & Inclusion
• Ethical Business Culture
• Supply Chain Responsibility

Environmental Achievements

• Reduced Scope 1 and Scope 2 GHG emissions by approximately 13.6% compared to 2019.
• Reduced total energy consumption by 8% during the same period.
• Achieved LEED Gold certification for Genie's Monterrey, Mexico facility.
• Two South Dakota sites and eight Northern Ireland sites operate on 100% renewable energy.

Social Achievements

• 89% team member participation in the 2023 Engagement Survey.
• Improved team member and manager Net Promoter Scores.
• Launched nine team member Affinity Groups with over 550 participants.
• Increased representation of women and under-represented groups.
• MP Hosur surpassed 3,000 days with No Lost Time Injuries.

Governance Achievements

• High passing rate (97%) on compliance controls.
• Implemented a Business Practices Advocates program.
• Diverse and independent Board of Directors (33% women, 33% racially diverse).

Climate Goals & Targets

Environmental Challenges

• Increase in total recordable and lost time injury rates in 2022.
• Scope 3 emissions pose challenges in measurement and management.

Mitigation Strategies

• Re-evaluated existing health and safety systems.
• Refocused on common injury drivers and re-engaged leaders in safety processes.
• Developed a tiered approach to GHG emissions reduction, focusing on 12 key locations.
• Assessing and reporting on 15 associated Scope 3 categories.

Supply Chain Management

Supplier Audits: Approximately 800 suppliers surveyed (92% of 2022 direct material spend)

Responsible Procurement

• Terex Supplier Code of Conduct

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: LEED Gold (Genie Monterrey factory)

Third-party Assurance: EcoAct

UN Sustainable Development Goals

• All 17 SDGs; 7 with greatest impact identified

Sustainable Products & Innovation

• Electric and hybrid equipment; recycling systems; lithium-ion batteries for Genie lifts.

Awards & Recognition

• Newsweek’s America’s Most Responsible Companies 2023
• Terex MP India award for “Outstanding Work for Sustainable Development”
• Genie’s 2023 IAPA Sustainability Award
• Genie Hybrid Z®-45 FE articulating boom lift named “Access Equipment of the Year”
• Genie GS™ Lithium-Ion Scissor Lifts received the 2022 “Innovative Iron” Award
• Terex MP Bronze Award from ROSPA
• Genie electric S®-60 DC and hybrid S-60 FE telescopic boom lifts awarded “Access Equipment of the Year”

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Efficiency
• Waste Reduction
• Water Conservation
• Biodiversity
• Workplace Safety
• Culture & Inclusion
• Human Rights
• Responsible Procurement
• Ethical Conduct
• Stakeholder Engagement

Environmental Achievements

• Exceeded the goal of a 15% reduction in greenhouse gas (GHG) emissions intensity by reaching a 19% reduction at year-end 2023.
• Decreased energy intensity by 12.4% from the 2019 baseline.
• Increased on-site annual renewable energy generation by 33% from 2022 to 2023.
• 8 material processing plants in Northern Ireland and 2 Utilities plants in South Dakota are powered by 100% renewable energy.

Social Achievements

• Achieved a 78.9% favorability score for Culture & Inclusion in the 2023 engagement survey.
• Reached a 78.2% favorability score in the 2023 Engagement Index.
• Launched an Urban Forestation Drive in March 2024, planting 3,000 trees.
• Awarded “Strategic Partner of the Year” by the NOW Group for supporting people with learning difficulties and autism.
• Received the “Equality 100 Award” from the Human Rights Campaign (HRC) Corporate Equality Index (CEI).

Governance Achievements

• Achieved ~100% completion on annual compliance certifications, annual Conflict of Interest Disclosure, and Code training.
• Improved the annual certification and conflicts of interest disclosure process through automation.
• 100% pass rate on applicable compliance controls for 2023.

Climate Goals & Targets

Environmental Challenges

• Capturing Scope 3 emissions across global operations.
• Consistent incident rates despite HSE efforts.
• Data limitations due to recent acquisition of Environmental Solutions Group (ESG).

Mitigation Strategies

• Completed a discovery assessment of Scope 3 emissions in early 2024.
• Revised near-term incident rate targets for 2026.
• Developing tailored water strategies based on water risk assessments.
• Implementing stricter controls on material movement and hand injuries.

Supply Chain Management

Supplier Audits: 75% response rate for first human rights risk assessment

Responsible Procurement

• Supplier Code of Conduct
• Conflict Minerals Policy

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: ISO 9001, ISO 14001, ISO 45001

Third-party Assurance: EcoAct

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

Initiatives contribute to these goals through alternative power options, responsible procurement, waste reduction, and climate action.

Sustainable Products & Innovation

• Electric and hybrid products; recycling systems; equipment for sustainable applications

Awards & Recognition

• Newsweek’s America’s Most Responsible Companies 2024
• AEM Advocacy GOLD Award 2023