Valmont Industries, Inc.
Climate Impact & Sustainability Data (2016, 2019, 2020, 2021, 2022)
Reporting Period: 2016
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Executive Compensation
Environmental Achievements
- Lowered costs and reduced environmental impact of annual meeting through e-proxy process
Governance Achievements
- Adopted bylaws with majority voting system for director elections
- Established director and senior management stock ownership guidelines
- Implemented executive compensation recoupment policy
- Engaged independent executive compensation consulting firm
- Terminated Shareholder Rights Plan in 2005
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2019
Environmental Metrics
Total Carbon Emissions:127K metric tons of carbon per million dollars of revenue from our manufacturing footprint (2018)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Established a normalized global electricity reduction of 8% over two years.
- Secured approval of the Valley solar field and electric vehicle projects.
Social Achievements
- Green Teams established at over 80 sites worldwide.
Governance Achievements
- Received senior leadership support for the publication of data and the setting of global sustainability goals.
- Enhanced Sustainability Report to include additional sustainability metrics.
- Received third party assurance for 2018 baseline Scope I emissions.
Climate Goals & Targets
Long-term Goals:
- Conduct gap analysis against leading sustainability indexes (2023).
- Review progress on carbon reduction goal (2023).
- Implement alternative energy program for production and fleet vehicles (2023).
- Establish new facility green building standards for new building construction (2024).
- Implement global water conservation goal (2024).
- Assess formation of Sustainability Governance Committee at board level (2025).
- Evaluate suitability of Scope III emissions calculations (2025).
- Develop comprehensive global facility and energy management strategy (2025).
Medium-term Goals:
- Conduct life-cycle assessments for selected center pivot irrigation and solar racking products (2021).
- Report progress on global electricity goal (2021).
- Implement global combustion fuel goal (2021).
- Report Scope II carbon footprint (2021).
- Assess alternative energy program for production and fleet vehicles (2021).
- Assess global climate risk and evaluate contingencies (2021).
- Evaluate the suitability of creating Environmental Product Declarations (EPD) for selected product lines (2022).
- Set carbon reduction goal (2022).
- Report Scope I and II carbon footprint (2022).
Short-term Goals:
- Reduce the normalized electrical usage by 8% from our 2018 baseline numbers by the close of 2021.
- Implement Valley electric vehicle project (Valley campus) by the close of 2020.
- Implement Valley solar field project by 2020.
Environmental Challenges
- Growing challenges that our global climate presents.
- Need to assess the carbon intensity of our manufacturing footprint.
Mitigation Strategies
- Develop additional programs and goals to mitigate this impact.
- Implement Valley electric vehicle project
- Implement Valley solar field project
- Assess global combustion fuel goal
- Conduct life-cycle assessments for selected center pivot irrigation and solar racking products
- Implement global combustion fuel goal
- Assess alternative energy program for production and fleet vehicles
- Assess global climate risk and evaluate contingencies
- Evaluate the suitability of creating Environmental Product Declarations (EPD) for selected product lines
- Set carbon reduction goal
- Conduct gap analysis against leading sustainability indexes
- Review progress on carbon reduction goal
- Implement alternative energy program for production and fleet vehicles
- Establish new facility green building standards for new building construction
- Implement global water conservation goal
- Assess formation of Sustainability Governance Committee at board level
- Evaluate suitability of Scope III emissions calculations
- Develop comprehensive global facility and energy management strategy
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Reporting Period: 2020
Environmental Metrics
Renewable Energy Share:6%
Total Energy Consumption:168,740,732 MWh
Waste Generated:17,500 tons
ESG Focus Areas
- Climate Change
- Water Conservation
- Food Security
- Renewable Energy
- Diversity & Inclusion
- Health & Safety
- Governance
Environmental Achievements
- 14% reduction in normalized electricity usage from 2018-2020
- Installation of a 1MW solar field at Valley Campus (providing 6% of campus electricity needs)
- Implementation of Project 90/90 (aiming for 90% of manufacturing facilities illuminated with 90% LEDs by 2023)
- Over 10,000 LED fixtures installed across 36% of sites achieving 90% installation mark
- Approximately 3.9 trillion gallons of freshwater conserved in 2020 compared to traditional irrigation methods
- 781MT of CO2 saved due to remote pivot management
- Recycled over 10,000 metric tons of production-related zinc-iron compounds in 2020
Social Achievements
- Established employee resource groups: Women’s Leadership Council, HOLA, Indian-American Leadership Council (with plans for Valmont YP, African-American Leadership Council, and LGBTQ+ Group in 2021)
- 84% global participation in employee engagement survey
- 15.79% reduction in Lost Time Incident Rate (LTIR) since 2015
- 43.02% reduction in Total Recordable Incident Rate (TRIR) since 2015
- 75% reduction in overall measured risk since launch of global risk identification and reduction effort
- Proactive correction of pay equity gaps
- 100% of interns successfully transitioned to remote work during COVID-19
Governance Achievements
- 25% of board members are women
- Commitment to human rights guided by UN Guiding Principles for Business and Human Rights
- Implementation of Valmont Safety Index (VSI) showing up to 40% year-over-year improvements in safety performance in locations using it
Climate Goals & Targets
Medium-term Goals:
- Reduce normalized electricity usage by 20% from 2018-2025
Short-term Goals:
- Reduce normalized electricity usage by 8% from 2018 baseline by end of 2021
- Reduce normalized carbon emissions by 10% by end of 2025
- Reduce Scope 1 mobile source emissions from 7.76 CO2MT/$M Revenue to 6.28 CO2MT/$M Revenue by end of 2025
- Implement 90/90 LED lighting standard across 90% of facilities by end of 2023
- 100% of global manufacturing facilities to adopt low-flow water fixtures in non-production areas by end of 2025
Environmental Challenges
- COVID-19 pandemic
- Aging power grids
- Extreme weather events
- Climate change
Mitigation Strategies
- Implemented safety measures and expanded benefits for employees during COVID-19
- Offering more resilient infrastructure products (e.g., PyraMAX towers, spun concrete poles)
- Investing in renewable energy solutions (e.g., solar tracking solutions, solar arrays for farms)
- Developing and implementing new conservation goals for carbon, combustion fuel, and electricity
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- High winds
- Harsh weather
- Corrosion
- Flooding
- Fires
Opportunities
- Development of energy-efficient products
- Growth in renewable energy sector
Reporting Standards
Frameworks Used: GRI
Third-party Assurance: Third-party assurance on selected portions of 2018 baseline data; internal audit of selected 2020 data.
Sustainable Products & Innovation
- PyraMAX towers
- Spun concrete poles
- Solar tracking solutions
- Valley 365 connected crop management solution
- GalvTrac AI metal processing system
- Valmont Con-Struct prefabricated bridge girders
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:127.5K MT/year
Scope 2 Emissions:69.6K MT/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0.25% of total energy use
Total Energy Consumption:850.32K MWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Water management
- Climate Change
- Energy Management
- Waste Management
- Carbon Management
- Occupational Health and Safety
- Diversity and Inclusion
- Human Rights
- Community Engagement
Environmental Achievements
- Reduced normalized electrical usage by 28% from 2018 to 2021 (20% exceeding the goal of 8% reduction by the end of 2021).
Social Achievements
- Offered eight weeks paid maternity leave at 100%.
Governance Achievements
- Implemented a whistleblower mechanism for all global employees.
- Established a Governance and Nominating Committee to oversee sustainability matters.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Achieve a 10% reduction in carbon intensity from the 2018 baseline by the close of 2025.
Short-term Goals:
- Reduce normalized electricity consumption by 8% by the close of 2021 (achieved 28% reduction).
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Global Purchasing Strategy, Purchasing Policies and Procedures, and the Code of Business Conduct guide all Valmont supply chain management organizations. Steel is sourced from suppliers located close to manufacturing sites.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standards: Core option (2016 version)
Certifications: Null
Third-party Assurance: N/A
UN Sustainable Development Goals
- Not disclosed
Valmont® has mapped its sustainability progress to the United Nations (UN) Sustainable Development Goals (SDGs).
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:126K MT/year
Scope 2 Emissions:67.3K MT/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:840.41K MWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Energy Management
- Water Standards
- Carbon Management
- Waste Management
- Occupational Health and Safety
- Diversity and Equal Opportunity
- Human Rights
- Community Engagement
- Governance
Environmental Achievements
- Reduced normalized electrical usage by 43% from 2018 to 2022 (23% exceeding the goal)
- Increased renewable electricity use by 21% from 2021 to 2022
Social Achievements
- Launched an internal ESG training for employees in 2022
- Offered eight weeks paid maternity leave at 100%
Governance Achievements
- Implemented a "whistleblower" mechanism for all global employees
- Established an ESG Board Committee
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Reduce normalized electricity consumption by an additional 12% by the close of 2025
- Reduce carbon intensity by 10% from the 2018 baseline by the close of 2025
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Global Purchasing Strategy, Purchasing Policies and Procedures, Global Supplier Guide and the Code of Business Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standards: Core option (2016 version)
Certifications: Null
Third-party Assurance: N/A
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed