TriMas Corporation
Climate Impact & Sustainability Data (2020, 2021, 2022)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Governance & Ethics
- People
- Environment
- Products
Environmental Achievements
- 100% of manufacturing facilities operate to ISO 14001 standards
- ~30% of manufacturing sites are independently certified to the ISO 14001 Environmental Management Standard
- 79% of our manufacturing facilities have zero industrial waste water discharges
- 100% of locations, that have industrial discharges, have pretreatment systems to minimize pollutants sent to publically owned treatment plants
- 90% of our manufacturing locations are either very small or small quantity generators of hazardous waste
- 100% of our manufacturing locations engage in recycling programs
- None of our manufacturing facilities are considered a major air emission source
- 72% of our manufacturing locations are exempt from permitting due to the low volume of emissions
- Longview, Texas, facility received the Pretreatment Water Excellence Award from the City of Longview
Social Achievements
- Launched an annual recognition program to honor the best performing Environmental, Health and Safety (EHS) facilities globally
- Rieke facility in Baddi, India, adopted a primary education school
- TriMas Aerospace team supports Habitat for Humanity
- Taplast facility in Italy provides support for local youth sports teams
- Employees of TriMas’ Arrow Engine business held a drive in support of Soy Venezuela
- Employees supported various community and non-profit organizations, including Toys-for-Tots and local food banks
Governance Achievements
- Annual review of corporate governance practices and sustainability strategy by the Board of Directors
- Annual review of enterprise risk management process by the Board, including environmental, social, supply chain and governance matters
- Implementation of the TriMas Business Model (TBM) reinforced commitment to employee safety and health, as well as environmentally-friendly practices
- All employees required to adhere to the Code of Conduct
- Annual ethics and compliance training for salaried employees
Climate Goals & Targets
Short-term Goals:
- Reduce water consumption
- Reduce virgin plastic introduced in the environment by 2025
Environmental Challenges
- COVID-19 pandemic impacting plant audits and operations
Mitigation Strategies
- Conducting virtual audits where necessary
Supply Chain Management
Responsible Procurement
- Social Compliance Policy requirement for suppliers
- Commitment to responsible sourcing and conflict minerals
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Mono™-2e Single Material Dispensing Pump
- Composi-Lok®4 Aerospace Fastener
- AllPlasticTM Bellows Pump
- Hydrogen Cylinders for Fuel Cell Power
- Linfa Dispensing Pump
- Rapak® Bag-in-Box Product Offering
- Lightweight ISO Steel Cylinders
- LDS™-2e Lotion Pump
Awards & Recognition
- 2020 Finalist of the Sustainability Packaging Coalition Innovator Awards (Rieke Mono-2e pump)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Governance & Ethics
- People
- Environment
- Products
Environmental Achievements
- 100% of manufacturing facilities operate to ISO 14001 standards
- Approximately 30% of manufacturing sites are independently certified to the ISO 14001 Environmental Management Standard
- 67% of manufacturing facilities have zero industrial wastewater discharges
- 93% of manufacturing locations are either very small or small quantity generators of hazardous waste
- None of our manufacturing facilities are considered a major air emission source
- Neunkirchen, Germany facility received ISO 50001 accreditation for energy management systems
- Commerce, California facility installed a wastewater evaporator reducing oily wastewater volume by more than 95% and nitrogen oxide emissions by 60%
- Commerce, California team's Kaizen event in CNC machining operation increased tooling life by 51%, decreased oil filter usage by 65%, and decreased component failures by 95%
Social Achievements
- 85% of U.S. employees participated in a TriMas medical/prescription drug plan in 2021
- 87% of TriMas’ employees in the U.S. participated in TriMas’ 401(k) retirement savings program as of year-end 2021
- 80% of participants across 14 locations completed the TriMas 10K-A-Day Walking Challenge
- Nearly 650 salaried employees completed Gallup’s Q12 Employee Engagement Survey with an 86% participation rate. Employees’ categorical engagement is 3% higher than other first year clients.
- TriMas Aerospace launched a Leadership Development Program
- Launched the TriMas Foundation to support underserved groups and communities
Governance Achievements
- Formalized ESG Committee with Steering and Action Committees
- Annual review of corporate governance practices and sustainability strategy by the Board
- Regular review of TriMas’ enterprise risk management process by the Board
- Quarterly updates on information and cybersecurity status to the Board
- Annual ethics and compliance training for all employees
- Affaba & Ferrari achieved Gold status in EcoVadis corporate social responsibility ranking
Climate Goals & Targets
Medium-term Goals:
- Meaningfully reduce our usage of virgin plastic by 2025
Short-term Goals:
- Conduct a materiality assessment in early 2022 to further shape our sustainability strategy and prioritize our ESG initiatives.
Environmental Challenges
- Minimizing environmental impact of operations
- Improving employee engagement
- Increasing diversity, equity, and inclusion
- Managing risks associated with global operations and supply chain
Mitigation Strategies
- Implementing ISO 14001 environmental management system
- Conducting employee engagement surveys and implementing action plans
- Developing and implementing diversity, equity, and inclusion initiatives
- Formalizing ESG Committee and enterprise risk management process
- Partnering with suppliers to ensure sustainability throughout the supply chain
Supply Chain Management
Responsible Procurement
- Social Compliance Policy requiring suppliers to conduct business in a socially responsible manner
- Responsible Sourcing and Conflict Minerals Policy
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB, TCFD
Certifications: ISO 14001, ISO 45001, ISO 50001 (Neunkirchen, Germany facility)
Sustainable Products & Innovation
- MonoTM-2e pump
- SingoloTM pump
- AllPlasticTM Bellows Pump
- Tethered cap solutions
- Linfa Dispensing Pump
- Composi-Lok4 Aerospace Fastener
- A54-E Engine
Awards & Recognition
- EcoVadis Gold status (Affaba & Ferrari)
- ISO 50001 (Neunkirchen, Germany facility)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:19,647 metric tons CO2e
Scope 1 Emissions:19,011 metric tons CO2e
Scope 2 Emissions:43,350 metric tons CO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:<1%
Total Energy Consumption:263,200,000 kWh
Water Consumption:68.5 million gallons
Waste Generated:Not disclosed
Carbon Intensity:0.298 kWh of energy per U.S. dollar of net sales (2022)
ESG Focus Areas
- Governance & Ethics
- People
- Environment
- Products
Environmental Achievements
- Reduced combined Scope 1 and Scope 2 emissions by 5% since 2019 despite a more than 20% increase in consolidated net sales.
- Reduced Energy Intensity by 17% since 2019.
- Reduced water intensity by ~50% since 2019.
- Decreased VOC emissions by 6% since 2019.
Social Achievements
- Launched an employee well-being program in 2023 focused on positive mental health and well-being.
- Administered an employee engagement survey globally with 88% participation rate.
- Reinforced dedication to Diversity, Equity and Inclusion (DEI) by providing third-party training to top-level management.
Governance Achievements
- Appointed a Senior Director of ESG to lead the company’s ESG Action Committee.
- Became a signatory of the UN Global Compact (UNGC) in February 2023.
- Introduced an enhanced Supplier Code of Conduct.
Climate Goals & Targets
Long-term Goals:
- Reduce carbon emissions (ongoing commitment)
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Supply chain disruptions
- Climate change impacts (implied)
Mitigation Strategies
- Investing in technology to better capture, measure and reduce variables leading to energy consumption, greenhouse gas emissions and waste.
- Developing alternative sourcing strategies (implied)
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier Code of Conduct
- Responsible sourcing efforts including support of Dodd-Frank Act Section 1502
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: SASB, TCFD, UNGC
Certifications: ISO 14001, ISO 45001, ISCC PLUS (Taplast facility)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Fully aligned with the United Nations Sustainable Development Goals (SDGs).
Sustainable Products & Innovation
- Singolo dispensing pump
- Mono-2e pump
- AllPlastic bellows technology pump
- TaperStack food caps
- Bag-in-box flexible packaging
- Composi-Lok4 aerospace fastener
- A54-E engine platform
Awards & Recognition
- TriMas EHS Flag Award Program
- EcoVadis ratings (gold, silver, bronze)