Climate Change Data

Somero Enterprises Inc.

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environmental impact of business, including equipment use in construction

Environmental Achievements

  • Reduction in required manpower and concrete used in building projects, leading to reduced carbon emissions during construction compared to alternative manual methods (based on a Phase 1 environmental study by Middle Tennessee State University; Phase 2 study by Colorado State University underway).

Social Achievements

  • Strong employee retention; addition of key personnel in global sales and customer support roles; completion of Houghton, Michigan facility expansion, increasing operational capacity by 35%.

Governance Achievements

  • Board closely monitors ESG topics materially impacting stakeholders; routine discussions to balance shareholder expectations and stakeholder concerns for business sustainability.

Climate Goals & Targets

Environmental Challenges

  • Persistent supply chain challenges and inconsistent concrete availability; unfavorable environment for western company investment in China; COVID-19 restrictions limiting activity and travel in China.
Mitigation Strategies
  • Increased working capital investment to ensure adequate inventory levels internationally; addition of key personnel in international sales and customer support roles; downsizing of the in-country China team; introduction of competitively priced entry-level ride-on screed (EcoScreed).

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • SkyScreed® 36, S-PS50, SkyStrip®, Somero Broom+CureTM

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Waste Reduction

Environmental Achievements

  • Reduced concrete waste by 3% through the use of laser screeding and grading technology, resulting in a 3% reduction in Scope 3 greenhouse gas emissions associated with upstream concrete production.

Social Achievements

  • Reduced number of employees needed for concrete slab construction from 20 to 10, leading to a reduction in employee commute miles.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: ISO 14044, Greenhouse Gas Protocol

Certifications: Null

Third-party Assurance: Third-party reviewed by Construction Management faculty and the Institute for the Built Environment at Colorado State University along with a Construction Management faculty at Middle Tennessee State University

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed