Climate Change Data

Environmental Metrics

ESG Focus Areas

• Human Capital
• Diversity, Equity & Inclusion
• Workplace Health & Safety
• Community Impact
• Quality Customer Solutions
• Business Ethics & Integrity
• Environmental Stewardship
• Responsible Supply Chain

Environmental Achievements

• Sourced 100% of Illinois headquarters' energy from renewable sources in 2019
• Reduced total greenhouse gas emissions from 42,410.19 metric tons in 2019 to 36,880.06 metric tons in 2020
• Reduced energy consumption from 79,540,018 kilowatt-hours in 2019 to 70,952,514 kilowatt-hours in 2020
• TREBOR's QNXT Water Heater saved water equivalent to the average usage of 104 American households annually
• Akron Brass' retention pond reduced water consumption during nozzle flow testing

Social Achievements

• Consistently outperformed industry average for Manager Effectiveness Index for the last three years
• Increased representation for women and people of color in leadership ranks
• Launched I-AMP Collegiate Talent Program with over 75% of participants representing gender or ethnic minority groups
• Improved employee engagement, remaining in the 85th percentile among manufacturing companies
• IDEX Foundation distributed $715,000 to various causes in 2019 and over $407,000 in 2020 to COVID-19 impacted areas

Governance Achievements

• Separated the Chairman of the Board and Chief Executive Officer roles
• Established a robust Anti-Corruption & Anti-Bribery Policy
• Improved third-party screening process for anti-corruption
• Maintained 100% investigation of global hotline allegations
• Implemented several enhancements to its program for the EU’s General Data Protection Regulation

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted operations and employee engagement
• Need to specifically address Equity in DE&I approach
• Data limitations on certain environmental metrics
• Maintaining a responsible supply chain globally
• Evolving geopolitical developments impacting compliance

Mitigation Strategies

• Formed IDEX COVID-19 Task Force to protect employees
• Engaged a DE&I coach and planned to hire a DE&I leader
• Implemented remote audit processes during the pandemic
• Developed robust supplier Code of Conduct and audit processes
• Provided guidance to business units on COVID-19 compliance and other evolving regulations

Supply Chain Management

Supplier Audits: Yearly for top suppliers, as needed for others

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB

Certifications: ISO 14001, ISO 45001, OHSAS 18001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• QNXT Water Heater
• Stratus ProTM electrostatic sprayer
• SAM IoT water pump control system

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Business Ethics
• Employee Health & Safety
• Energy Management
• Ethical Marketing
• Greenhouse Gas Emissions
• Hazardous Waste Management
• Intellectual Property Protection & Competitive Behavior
• Materials Sourcing
• Product Design & Lifecycle Management
• Product Safety
• Supply Chain Management
• Water Management

Environmental Achievements

• Reduced the intensity (by revenue) of GHG emissions by 30% below our 2021 baseline by 2035.

Social Achievements

• Updated anti-trust and competition policy in November 2021, including a targeted training campaign for all salaried employees.
• Total Recordable Incident Rate (TRIR) improved from 1.53 in 2020 to 1.32 in 2021.

Governance Achievements

• No monetary losses incurred in the last three years due to legal proceedings associated with anticompetitive behavior, bribery, or corruption.

Climate Goals & Targets

Environmental Challenges

• One fatality occurred in 2019 (a temporary employee).

Mitigation Strategies

• Actively considering adding leading indicators such as near miss frequency rate to health and safety metrics.

Supply Chain Management

Supplier Audits: IDEX audits top suppliers for quality, on-time delivery, and cost/process improvement.

Responsible Procurement

• IDEX Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Environmental Metrics

ESG Focus Areas

• Environmental
• Human Capital
• Governance
• Ethics and Compliance

Environmental Achievements

• Reduced emissions intensity (Scope 1 and 2 location-based) from 18.1 MT CO2e/$M revenue in 2021 to 16.8 MT CO2e/$M revenue in 2022, although it increased to 19.6 in 2023. Increased renewable energy generation from 635 MWh in 2022 to 3,017 MWh in 2023.
• Increased percentage of hazardous waste recycled from 28% in 2022 to 60% in 2023.

Social Achievements

• Maintained a low Total Recordable Incident Rate (TRIR) of 1.29 in 2023.
• Increased employee participation in community impact events from 3,967 in 2022 to 4,133 in 2023.
• Launched an employee giving and company match program through Benevity in July 2023, resulting in $211,000 donated.

Governance Achievements

• 100% of active management employees certified understanding of Code of Business Conduct and Ethics.
• 100% of global hotline allegations investigated.

Climate Goals & Targets

Environmental Challenges

• Increase in Scope 1 and 2 emissions in 2023, largely due to acquisitions.
• Increase in water consumption in 2023, largely due to acquisitions.
• Increase in hazardous waste in 2023, largely due to acquisitions.
• Potential transition risks related to policy and legal considerations, emerging regulation in certain industries, carbon pricing, R&D risks, changing consumer preferences, and scrutiny around fossil fuels usage.

Mitigation Strategies

• Working towards emissions reductions and considering revising reduction target to be based on a rolling base year.
• Improving data collection processes.
• Evaluating critical material risks in the supply chain and developing strategies for supply continuity.
• Using alternative/secondary sources and assessing the ability to bring internal manufacturing processes in-house.
• Monitoring emerging global reporting requirements (CSRD and SEC).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct requiring compliance with all applicable laws and regulations

Climate-Related Risks & Opportunities

Physical Risks

• Coastal inundation, riverine flooding, and extreme heat

Transition Risks

• Policy and legal considerations, emerging regulation, carbon pricing, R&D risks, changing consumer preferences, scrutiny around fossil fuels usage

Opportunities

• Expanding coverage in new markets as the world transitions to a lower-carbon economy

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed