Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change
• Water and waste
• Greenhouse gas emissions
• Supply chain responsibility
• Inclusion, diversity, and equity
• Human rights in the workplace and value chain
• Employee experience
• Business ethics, integrity, and transparency
• Data privacy and cybersecurity

Environmental Achievements

• Achieved 2025 emissions and water reduction goals in 2022.
• Implemented an ESG data management system for ongoing and historical data collection.

Social Achievements

• Conducted an enterprise-wide employee survey (Elevate) with an 80% response rate and developed action plans.
• Provided a Global Recharge Day for all employees.
• Hubbell Foundation donated over $1.2 million to charities.
• Published EEO-1 diversity data: 32% female employees globally, 30% female and 45% racially diverse in the U.S.

Governance Achievements

• Recognized as one of the 2023 World’s Most Ethical Companies (third year in a row).
• Added proxy access for shareholders.
• Added further restrictions on the number of public company boards on which directors can serve.
• 100% of compliance cases were investigated.

Climate Goals & Targets

Environmental Challenges

• Global supply chain shortages for materials and component parts, leading to escalating prices and constrained transportation capacities.
• Significant inflationary pressure across the business.
• Risks associated with information technology systems failures, network disruptions, data security breaches, and compliance with data privacy laws.

Mitigation Strategies

• Took various pricing actions to cover higher costs and protect margin profile.
• Investing in restructuring and related programs to maintain a competitive cost structure and drive operational efficiencies.
• Continued investment in capacity expansion, automation, and productivity initiatives.
• Improving utilization of enterprise resource planning system and expanding standardization of business processes.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• 2023 World’s Most Ethical Companies

Environmental Metrics

ESG Focus Areas

• Climate change
• Energy and emissions
• Products with impact
• Water and waste
• Community impact
• Employee experience
• Employee health and safety
• Human rights in the workplace and value chain
• Inclusion, diversity, and equity
• Product quality and safety
• Supply chain responsibility
• Business ethics, integrity, and transparency
• Data privacy and cybersecurity
• Risk excellence

Environmental Achievements

• Added to the Dow Jones Sustainability Index for North America for the first time in 2023
• Continued pursuit to achieve 2030 emissions, water, and hazardous waste goals
• Established a Sustainability Impact Program (SIP) supporting projects like LED lighting upgrades, HVAC upgrades, solar panel installations, and hazardous waste management technology installations.

Social Achievements

• Appointed new Presidents to Hubbell's HES and HUS segments (one internal, one external)
• Held first ever inclusion focused conference in 2023
• 85% of Hubbell’s employees responded to the Elevate Employee Experience Survey, providing insights translated into action plans.

Governance Achievements

• Adopted proxy access in 2023
• Adopted a new compensation recoupment (clawback) policy in 2023
• Annual review of Director compensation with advice from an independent compensation consultant and benchmarked for competitiveness.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions (implied)

Mitigation Strategies

• Continued focus and execution on supply chain resiliency projects

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Named to the S&P 500 Index
• Recognized as one of 2024's World’s Most Ethical Companies
• Named to the Dow Jones Sustainability Index for North America