Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Continued safety improvement programs resulting in further improvement of incident rate, with six manufacturing facilities exhibiting zero recordable incidents.
• Enhanced “Safety Talk” process that increased employee and management engagement.

Social Achievements

• MENA businesses are ISO 45001 accredited, and pursuing that accreditation in North America.
• Relocation to Abu Dhabi facility opening ceremony well attended by dignitaries.

Governance Achievements

• Strict oversight by an active Board of Directors and robust guidelines for employees and business partners.
• Ethics & Compliance committee meets routinely to ensure standards are adhered to and continuously improved.

Climate Goals & Targets

Environmental Challenges

• Supply chain constraints and project delays.
• Increased interest costs due to rising borrowing rates.
• Increased effective tax rate due to earnings in higher tax jurisdictions.
• Inflationary environment, raw material supply shortages and transportation delays.

Mitigation Strategies

• Implemented strategies including purchasing from alternative suppliers and planning for material purchases further in advance.
• Adjusted pricing to customers to offset raw material price increases.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 140001

Certifications: ISO 14001, ISO 45001

Sustainable Products & Innovation

• Insulated pipe for district energy systems