Climate Change Data

Columbus McKinnon Corporation

Climate Impact & Sustainability Data (2019)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:355 tons of CO2 equivalents
Total Energy Consumption:1,720 MWh
Waste Generated:246 tons

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Ongoing program to convert factory lighting to LED energy-efficient lighting
  • Continuous improvement and housekeeping initiatives leading to waste reduction and energy efficiency
  • Columbus McKinnon Industrial Products GmbH, Wuppertal received the Sustainability Certificate for contributing significantly towards protecting the environment via its collaboration with the REMONDIS Group (Consumption of primary raw materials was reduced by 246 tons, energy consumption was reduced by 1,720 MWh, and carbon emissions were cut by 355 tons of CO2 equivalents)

Social Achievements

  • Employee development and training opportunities
  • Creation of a strong corporate culture that promotes the highest standards of ethics and compliance
  • Equal employment opportunity hiring practices and policies
  • Anti-harassment policy
  • Whistleblower hotline
  • Market competitive compensation and benefits packages
  • Policies in place prohibiting use of child labor
  • Tuition reimbursement plan
  • Plant-wide appreciation meals
  • Discretionary and profit-sharing bonus plans
  • Utilizing consultants for best practices in compensation and governance
  • Company and its employees donated in excess of $375,000 and volunteered hundreds of hours to various programs

Governance Achievements

  • Eight of nine directors are independent
  • Chairman is an independent director
  • CEO is the only management director
  • All Board committees are comprised of only independent directors and have the ability to hire third-party advisors
  • Independent directors regularly meet in executive sessions
  • Non-Executive Chairman presides at executive sessions of the independent directors
  • Audit Committee annually reviews guidelines and policies that govern the process by which we assess and manage our exposure to risk
  • Compensation and Succession Committee reviews the annual compensation risk assessment and retains an independent compensation consultant
  • Recoupment or ‘clawback’ provisions to recover certain executive pay
  • Directors and Executives are subject to minimum stock ownership requirements
  • Voluntarily adopted majority voting in uncontested election; plurality voting in contested election

Climate Goals & Targets

Supply Chain Management

Responsible Procurement
  • Evaluating our materials for conflict minerals and holding our suppliers to the highest ethical and quality standards

Climate-Related Risks & Opportunities