Climate Change Data

Environmental Metrics

ESG Focus Areas

• Philanthropy
• Sustainability
• Equality

Environmental Achievements

• Reduced electricity consumption per direct labor hour by approximately 5% from the prior year.
• Reduced water consumption per direct labor hour by approximately 15% from the prior year.
• Implemented water recycling programs at multiple sites.
• Implemented various energy efficiency measures across numerous sites (LED lighting, motion sensors, capacitor banks, improved insulation).

Social Achievements

• Associates volunteered over 7,700 hours across 18 countries.
• Crane Fund disbursed approximately $12 million to over 1,200 former associates and their families.
• Crane Fund for Widows and Children and Crane Foundation disbursed approximately $2 million to over 400 charitable organizations.

Governance Achievements

• Implemented robust processes and procedures to ensure compliance with environmental and safety policies.
• Maintained a DART rate below the industry average for four consecutive years.
• U.S. workforce is 35% diverse (non-white associates), and the global workforce is 28% female.

Climate Goals & Targets

Environmental Challenges

• Reducing overall electricity and water consumption, particularly at water-intensive sites.
• Reducing waste generation and increasing recycling rates.
• Reducing carbon emissions (Scope 1 and 2).

Mitigation Strategies

• Implementing energy efficiency measures.
• Implementing water recycling and conservation programs.
• Tracking carbon emissions (Scope 1 and 2) starting in 2020.
• Tracking solid non-hazardous waste and recycled materials starting in 2020.

Supply Chain Management

Supplier Audits: Not disclosed

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: ISS, SASB, TCFD, GRI

Certifications: ISO 14001 (12 sites)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Philanthropy
• Sustainability
• Equality

Environmental Achievements

• 20% reduction in electricity consumed per direct labor hour by 2030 (target)
• 10% reduction in water consumed per direct labor hour by 2030 (target)
• 15% reduction in solid non-hazardous waste per direct labor hour by 2030 (target)
• 20% reduction in greenhouse gas emissions by 2030 (target)
• +10K metric tons of recycling
• 12 Crane sites received ISO 14001 certification

Social Achievements

• Over 7,800 associate volunteer hours contributed to more than 170 organizations in 15 countries
• Emergency Pandemic Exception Pay (EPE) program providing two weeks of additional paid time off to all associates globally impacted by the pandemic
• Executive officers took voluntary base pay reductions (20% for CEO, 10% for other executives) and Directors took 20% voluntary reductions in annual retainer cash component from April through December to maintain employee benefits during the pandemic.

Governance Achievements

• Formation of a PSE Council at the management level to review and assess data gathering and reporting activities related to philanthropy, sustainability, and equal opportunity
• Full Board of Directors engaged annually to review PSE initiatives, including succession readiness and commitment to diversity and inclusion in senior leadership

Climate Goals & Targets

Environmental Challenges

• Two recent acquisitions (Cummins Allison and Instrumentation & Sampling) impacting the rate of change for 2020 sustainability metrics
• Steep volume declines in several businesses due to COVID-19 impacting the normalization of data
• Unusual large shifts in business mix between businesses with substantially different sustainability profiles impacting aggregate results
• COVID-19 pandemic impacting the scope and nature of volunteer events and causing temporary shutdowns in certain geographies

Mitigation Strategies

• Implementation of health and safety protocols across all sites, including hygiene, social distancing, mask use, and temperature screenings
• Installation of hand hygiene stations, physical distancing markers, plexiglas paneling, and partitions
• Increased frequency of professional cleaning services
• Support for remote work with updated technology
• Crane Currency Malta Water Reclamation Project to recycle spent wiping solution with a 97.5% recovery rate
• Initiatives to reduce electricity consumption (LED lighting, timers, motion sensors, building insulation improvements, temperature control updates, equipment improvements)
• Crane Payment Innovations’ Switch-Off Campaign to reduce energy consumption
• Water-saving programs in manufacturing facilities (recycling systems, equipment enhancements, elimination of lawn irrigation)
• Programs to track and reduce solid non-hazardous waste generation and increase recycling (scrap reduction, process changes, new equipment, material substitution)
• Engineered Materials’ B-Grade Repurpose program to reuse B-Grade materials internally

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct reflecting commitment to acting ethically and with integrity; intolerance for slavery and human trafficking clearly communicated to supply chain partners; training provided to associates, especially those in supply chain teams, to regularly assess risks of extended supply chain

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISS, SASB, TCFD, GRI, GHG Protocol

Certifications: ISO 14001

Environmental Metrics

ESG Focus Areas

• Philanthropy
• Sustainability
• Equality

Environmental Achievements

• 20% reduction in electricity consumed per direct labor hour by 2030 (target)
• 10% reduction in water consumed per direct labor hour by 2030 (target)
• 15% reduction in solid non-hazardous waste per direct labor hour by 2030 (target)
• 20% reduction in greenhouse gas emissions per direct labor hour by 2030 (target)
• 5.4% decrease in electricity consumption compared to 2018
• 3.2% decrease in water consumption from 2018
• 4.3% decrease in total CO2e emissions from 2020
• 10.8% decrease in emissions intensity (per direct labor hour) from 2020
• 60% of materials leaving manufacturing facilities recycled in 2021
• Repurposing of used pallets into mulch, diverting 36 tons of waste annually

Social Achievements

• More than $18.1 million donated to charitable organizations and financially burdened former employees
• More than 15,700 associate volunteer hours contributed to more than 290 organizations across 19 countries
• Development of "Crane Flex" program, offering flexible work arrangements
• Increased female representation by 117 individuals (0.75%) globally
• Increased ethnically diverse representation in the US by 7 individuals (0.31%)

Governance Achievements

• Establishment of a PSE Council at the management level
• Annual review of PSE initiatives by the full Board of Directors
• Implementation of an Ethics Hotline with an average of 13 days to close out issues

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic restrictions limiting the scope of volunteer events
• Noise in intensity metrics due to shifts in direct labor hours
• Difficulty in tracking Scope 3 emissions
• Limited ethnic diversity data outside the US

Mitigation Strategies

• Adaptation of volunteer events to ensure safety
• Use of direct labor hours as a proxy for production activity
• Ongoing assessment of opportunities to track Scope 3 emissions
• Benchmarking against national, global, and industry averages to identify gaps

Supply Chain Management

Supplier Audits: Not disclosed

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: ISS, SASB, TCFD, GRI

Certifications: ISO 14001 (12 sites), ISO 45001 (5 sites)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Philanthropy
• Sustainability
• Equality

Environmental Achievements

• 11% decrease in electricity consumption compared to 2018 baseline (13% decrease after adjusting for acquisitions)
• 4.2% reduction in water consumption from 2018 baseline
• 20% decrease in solid non-hazardous waste to landfills from 2018 baseline
• Increased Crane’s renewable energy portfolio from less than 0.1% in 2021 to 0.8% (1.9 GWh) in 2022; 1.1 MW solar installation completed in Malta

Social Achievements

• 26,732 associate volunteer hours contributed to 425 organizations across 21 countries (69% increase over prior year)
• Implementation of Crane Flex program, offering full-time on-site, full-time remote, or hybrid work options
• Increased female representation by 0.7% globally and US-based ethnically diverse representation by 1.4% within the past three years
• 345 DEI Workshops conducted since September 2021 (~100% of Crane associates participated)

Governance Achievements

• 100% of Board of Directors attended July 2022 meeting to review PSE initiatives
• Establishment of a PSE Council at the management level that meets monthly to review and assess PSE initiatives
• Zero product recalls in 2022
• Average days to close out ethics hotline issues in 2022 was 14 days (67% faster than NAVEX Global benchmark)

Climate Goals & Targets

Environmental Challenges

• Increase in emissions intensity due to closure of a waste-to-energy company and subsequent shift to on-site steam generation
• Increase in water consumption intensity due to labor efficiency improvements
• Increase in solid non-hazardous waste intensity due to labor efficiency improvements

Mitigation Strategies

• Roadmap for on-site solar installations
• Initiatives to source cleaner energy through utilities
• Implementation of new filtration process at Tumba, Sweden site to recycle water more efficiently
• Various initiatives to reduce waste generation across sites

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Severe flooding, droughts, and storms

Opportunities

• Development of energy-efficient products (e.g., DC-DC converters for electric aircraft, power systems for electric ground fleet)

Reporting Standards

Frameworks Used: ISS, SASB, TCFD, GRI

Certifications: ISO 14001

Sustainable Products & Innovation

• DC-DC converters for electric aircraft
• Power systems and thermal management systems for electric ground fleet
• Pressure transducers for compressed natural gas and hydrogen buses
• Durable paper banknotes
• Credit card readers for electric vehicle charging stations
• High efficiency motors for wastewater treatment plants

Environmental Metrics

ESG Focus Areas

• Philanthropy
• Sustainability
• Equality

Environmental Achievements

• 20% decrease in emissions from 2020 baseline emissions
• 19% improvement in electricity consumption compared to 2018 baseline
• 27% reduction in water consumption from 2018 baseline
• 33% decrease in solid non-hazardous waste to landfill from 2018 baseline
• Increased renewable energy share from 1.9% in 2022 to 4.9% in 2023

Social Achievements

• Disbursed over $19.8 million from The Crane Fund to over 1,000 former associates and their family members
• Disbursed over $5 million to 958 charitable organizations and educational institutions
• 21,522 associate volunteer hours contributed to 402 organizations across 19 countries
• Crane Valve Institute launched, graduating three cohorts and introducing 14 new nuclear professionals

Governance Achievements

• Established a PSE Council at the executive management level
• Full Board of Directors engaged annually for comprehensive review of PSE initiatives
• Average days to close out ethics hotline issues was 16 days (compared to industry benchmark of 44 days)

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions (mentioned in relation to solar panel installations)
• Aging workforce and exodus of nuclear experience in the nuclear industry
• Scope 3 emissions not currently tracked

Mitigation Strategies

• Developing methodology for tracking Scope 3 emissions
• Launching the Crane Valve Institute to develop the nuclear industry talent pipeline
• Engaging in emissions reduction initiatives (e.g., geothermal heating, on-site solar installations)

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISS, SASB, TCFD, GRI

Certifications: ISO 14001 (seven Crane sites)

Sustainable Products & Innovation

• DC-DC converters for electric aircraft
• Power systems and thermal management systems for electric ground fleet
• Pressure transducers for natural gas and hydrogen buses
• High-efficiency motors for wastewater treatment plants