Climate Change Data

Environmental Metrics

ESG Focus Areas

• Employee Safety and Well-being
• Sustainability
• Diversity and Inclusion
• Community Engagement
• Ethics and Compliance

Environmental Achievements

• Minimized waste generated by manufacturing processes through companywide lean practices.
• Improved energy efficiencies at facilities to reduce carbon emissions.
• Recycled scrap steel and other materials (cardboard, plastic, glass, aluminum, paper, wood pallets, electronic waste).

Social Achievements

• Launched ‘My Commitments’ program to address employee concerns.
• Launched a safe driver monitoring program.
• Launched ‘Speak Up/Listen Up’ program for reporting concerns.
• Implemented Strong Leaders and Emerging Leaders programs for employee development.
• Women hold 38% of top five executive positions and board seats.
• Simpson Strong-Tie Student Scholarship program awarded 100 scholarships.
• Simpson Strong-Tie Put Something Back (PSB) Scholarship program awarded over 250 scholarships.

Governance Achievements

• Implemented policies and structures reflecting best practices in corporate governance.
• Majority vote standard for uncontested director elections.
• Annual board and committee self-evaluations.
• Annual election of all directors.
• Executive sessions of independent directors.
• 100% attendance of incumbent directors at board and committee meetings.
• Seven of eight director nominees are independent.
• Independent members of the board meet regularly in executive sessions.

Climate Goals & Targets

Environmental Challenges

• Higher material and labor costs negatively impacting gross margins.
• Negative foreign currency impacts in Canada and Europe.

Mitigation Strategies

• Reduction of operating expenses as a percentage of revenues.
• Disciplined capital allocation strategy.

Supply Chain Management

Responsible Procurement

• Expect suppliers to adhere to reasonable standards and operate in a socially and environmentally responsible manner.

Climate-Related Risks & Opportunities