Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Diversity and Inclusion
• Employee Health and Safety
• Social and Charitable Causes

Environmental Achievements

• Reduced absolute energy consumption versus the 2019 baseline through local energy efficiency and optimization projects.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Reduced revenues in 2020 and 2021 due to the global COVID-19 pandemic, impacting progress on normalized environmental targets.

Mitigation Strategies

• Engaged an energy partner to develop an energy roadmap to identify opportunities to decarbonize and reduce GHG emissions through renewable energy (launched January 2022).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Water stress

Transition Risks

• Price of carbon

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB (2018 Industrial Machinery & Goods standard), 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

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Employee Well-being
• Supply Chain Responsibility
• Community Investment

Environmental Achievements

• Reduced GHG emissions (Scope 1 & 2) to 47,080 MT CO2e in 2022 from 48,880 MT CO2e in 2021.
• Reduced water usage to 258,000 m3 in 2022 from 302,700 m3 in 2021.
• Barnes Aerospace West Chester reduced hazardous waste by 84% and natural gas usage by potential 6,000 CCF through the implementation of a Fluoride Ion Cleaning system.
• Various initiatives across multiple locations resulted in significant waste reduction (e.g., paperless processes, increased recycling).

Social Achievements

• Completed a global employee engagement survey (75% participation).
• Published a modernized Code of Business Ethics and Conduct.
• Adopted a new Human Rights Policy.
• Amended Board committee charters to reflect ESG governance oversight.
• 35% of new hires in the US identified as racially or ethnically diverse.
• Expanded global access to employee assistance programs (EAP) with digital and mobile enablement.
• Launched a refreshed Barnes University learning portal with upskilling content in digital literacy, computational thinking, data analytics, and visualization.

Governance Achievements

• Established ESG governance oversight responsibilities across three key Board committees (Audit, Compensation, Corporate Governance).
• Published the Charter of the ESG Steering Committee.

Climate Goals & Targets

Environmental Challenges

• Potential harm related to greenhouse gas emissions.
• Climate change impacts (droughts, wildfires, floods) potentially affecting operations and supply chains.
• Water stress.
• HSE non-conformances resulting in penalties (electrical safety, unauthorized chemical discharge).

Mitigation Strategies

• Continuous improvement efforts to reduce environmental impact (energy, water, waste).
• Climate scenario analysis to understand climate-related risks and opportunities.
• Precautionary approach to longer-term social and environmental issues.
• Implementation of HSE Standards and critical risk mitigation program.
• Corrective actions for HSE non-conformances.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Business Ethics and Conduct for Suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Natural disasters
• Water stress
• Temperature extremes

Transition Risks

• Increased carbon prices
• Changes in governmental policy
• Fuel supply shortages

Opportunities

• Development of energy-efficient products
• Lightweight component designs for reduced fuel consumption

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: Null

Third-party Assurance: Internal Audit Department

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• MoldMind technology
• eGate Sync motion controller
• Priamus FILLCONTROL solution
• Lightweight aerospace components

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Governance and Accountability

Environmental Achievements

• Reduced GHG emissions from 56,760 MT CO2e in 2019 to 45,300 MT CO2e in 2023
• Reduced water usage from 520,800 m3 in 2019 to 261,600 m3 in 2023
• Implemented various energy conservation measures (LED lighting, motion sensors, improved insulation)
• Increased use of renewable energy sources
• Improved waste management practices, including increased recycling

Social Achievements

• No fatalities in 2023
• Implemented global hybrid flexible work arrangements
• Recognized 998 employees through the Barnes BRAVO program ($380K total spend)
• Supported diversity and inclusion initiatives
• Community investment through Barnes Group Foundation ($341,000 in scholarships, $74,250 in matching gifts, $121,171 in United Way campaign)

Governance Achievements

• Ethnically and racially diverse Board of Directors with four women directors (one-third)
• Established an ESG Steering Committee

Climate Goals & Targets

Environmental Challenges

• Potential fuel supply shortages and price increases due to weather events, political disruptions, etc.
• Risks of natural disasters impacting facilities and operations
• Climate change impacts (extreme weather, water availability, energy costs)

Mitigation Strategies

• Property damage and business interruption insurance
• Climate scenario analysis to assess risks and opportunities
• Strategies to mitigate long-term climate risks
• Continuous improvement to conserve water, increase energy efficiency, and reduce waste

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Business Ethics and Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Natural disasters
• Water stress

Transition Risks

• Increased carbon prices
• Changes in governmental policy
• Shifting to less carbon-intensive transportation

Opportunities

• Development of energy-efficient products
• Lightweight electric vehicle components

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards, UNGC, TCFD

Certifications: ISO, AS, NADCAP

Third-party Assurance: Barnes Internal Audit department and external third-party consultants (partially)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Next Generation High Speed Stamping Manifolds
• eGate Sync motion controller
• Priamus FILLCONTROL solution

Awards & Recognition

• America's Most Responsible Companies (2021)
• America’s Most Trusted Companies (2022)