Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 18% reduction in energy consumption compared to 2019
• 15,600 tCO2e reduction in GHG emissions (2020 vs 2019)
• 93% recycling rate of waste in 2020

Social Achievements

• First global employee survey conducted in 2020 to gather feedback on COVID response
• Launched a Global Engagement Survey in 2021
• Six businesses transitioned from OHSAS 18001 to ISO 45001

Governance Achievements

• Third-party hosted whistle-blowing hotline available in multiple languages
• Annual Control Self Assessments including questions related to the Code of Conduct
• Annual Internal Audits testing areas of governance, including the Code of Conduct

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Responsible Sourcing Policy

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards

Certifications: ISO 14001, ISO 50001 (one operating business)

Third-party Assurance: External verification of Scope 1, 2 and 3 GHG emissions

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 19% Reduction in Scope 1 and Scope 2 emissions from 2018 base year (2020 – 18.6%)
• 93% Recycling Rate (2020 – 3%)
• 36% of electricity sourced from renewable energy in 2021 (increase from 25% in 2020)

Social Achievements

• 81% of employees completed Employee Engagement Survey (2020 – 64% response to global Covid employee survey)
• 18 Lost time Injuries (2020 – 21)
• 50% Percentage of women on Senior plc Board (2020 – 43%)
• 94% of employees completed Annual Code of Conduct Training (2020 – 94% of global workforce)
• £200,000 donated to UNICEF to support its COVID-19 Vaccines appeal

Governance Achievements

• 94% of employees completed Annual Code of Conduct Training
• All employees received Information Security training in 2021
• Training on Money Laundering and the Corporate Criminal Offence Act rolled out to Finance staff and those with external-facing roles

Climate Goals & Targets

Environmental Challenges

• Transition risks related to changing customer demand for lower emissions products
• Costs to transition to lower emissions technology
• Failure to invest in low emissions technology
• Increased pricing of GHG emissions
• Exposure to litigation due to failure to manage climate-related issues
• Increased stakeholder concern or negative stakeholder feedback
• Extreme weather events causing damage and operational disruption
• Changes in precipitation patterns and water scarcity impacting operations

Mitigation Strategies

• Progress against Science Based Targets
• Energy efficiency projects
• Supplier engagement through CDP to align with environmental goals
• Investment in research and development through Advanced Technology Collaboration Forum
• Development of a sustainability finance framework
• Incorporation of sustainability considerations in strategic acquisitions
• Scenario analysis to understand potential impact of climate change
• Development of Business Continuity Plans for each site

Supply Chain Management

Supplier Audits: 94 of 340 key suppliers provided information in 2021

Responsible Procurement

• Science Based Targets for suppliers
• CDP Supplier Programme

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Changes in precipitation patterns and water scarcity

Transition Risks

• Market changes due to consumer preference for lower emissions products
• Increased pricing of GHG emissions
• Technological substitution of existing products

Opportunities

• Development of new low-emission products
• Increased demand for Senior’s products supporting the transition to a low-carbon economy

Reporting Standards

Frameworks Used: TCFD, SBTi

Certifications: ISO 14001, ISO 45001, ISO 9001

Third-party Assurance: Independent verification in accordance with ISAE 3410

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Advanced battery cooling module for electric trucks and buses

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Achieved a 3.6% reduction in total Scope 1 and 2 emissions (market based) in 2022 compared to 2021.
• Achieved a 4.9% reduction in Scope 2 emissions in 2022 (market based) compared to 2021.
• Achieved a 94.8% waste recycling rate in 2022 (increase from 93.1% in 2021).
• 41% of electricity sourced from renewable supply (36% in 2021).
• Awarded an ‘A’ by CDP for its 2022 Climate Change disclosure, placing it in the top 2% of disclosing companies and the only company in the Aerospace & Defence Sector to achieve the highest ‘A’ rating.

Social Achievements

• Reduction in the Total Recordable Injury and Illness Rate of around 21% compared to 2021.
• No work-related employee or contractor fatalities occurred in 2022 with no major injuries.
• Initiated three major global safety initiatives: Senior Golden Rules for Safety refresh, hand safety reduction program, and a new ergonomic assessment program.
• Senior Aerospace Mexico celebrated five years with no lost time injuries.

Governance Achievements

• Board approved submission of Senior's Long-Term Net Zero targets for Scope 1, 2 and 3 to the SBTi for verification and approval.
• Incorporated calculations and accounting of carbon into the Group’s Capital Expenditure Request process.
• All employees received refresher training on Senior’s Code of Conduct.

Climate Goals & Targets

Environmental Challenges

• Increased electricity usage of around 12% in 2022 due to business recovery.
• Potential for operational interruption and interrupted supply of products due to water scarcity in some operating locations.
• Need for continuous improvement in reducing Lost Time Injury and Illness Rate.

Mitigation Strategies

• Increased sourcing of low carbon/renewable electricity to mitigate increased Scope 2 emissions.
• Annual assessment of climate-related risks and opportunities, including analysis of water scarcity using the WWF Water Risk Filter.
• Initiation of energy conservation projects, including improving building insulation, upgrading energy-efficient lighting, and installing heat recovery systems.
• Investment in water filtration project in Cape Town (reducing metered water usage by >30%) and water harvesting in Mexico (reducing water usage by ~10%).
• Three major global safety initiatives to address frequent causes of lost time injuries.

Supply Chain Management

Supplier Audits: 340 suppliers engaged through CDP in 2022

Responsible Procurement

• CDP Supplier Programme
• Responsible Sourcing Policy
• Science-Based Targets for 80% of suppliers by spend

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (cyclones, floods, droughts)
• Water scarcity

Transition Risks

• Market shifts in consumer preferences
• Changes in climate-related regulations and policies
• Increased pricing of GHG emissions
• Costs to transition to lower emissions technology
• Influence of ESG on debt-rating agencies

Opportunities

• Development of new low-emission products
• Reduced reliance on fossil fuels for energy sources

Reporting Standards

Frameworks Used: TCFD, SBTi, CDP

Certifications: ISO 14001, ISO 45001, ISO 9001

Third-party Assurance: Not disclosed

Sustainable Products & Innovation

• Innovative thermal management solutions for large battery packs
• Lighter metallic components for aerospace applications

Awards & Recognition

• CDP ‘A’ rating for Climate Change disclosure

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Employee Wellbeing
• Community Engagement
• Supply Chain Sustainability
• Human Rights

Environmental Achievements

• 29.5% reduction in Scope 1 and 2 emissions (market based) from 2018 baseline
• 95.1% waste recycling rate
• 48% of electricity sourced from renewable energy

Social Achievements

• Launched Human Rights Policy
• Reduced Lost Time Injury Illness Rate by 16% to 0.32
• Reduced Total Recordable Injury Illness Rate by 32% to 0.63
• 57% female representation on the Board
• Increased employee engagement initiatives

Governance Achievements

• SBTi verification of Net Zero 2040 targets
• CDP 'A' rating for climate disclosure and supplier engagement
• Implementation of new non-financial performance measures (carbon reduction and employee engagement) into annual bonus targets

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions (Thailand supplier fire, material shortages)
• Inflationary pressures
• Customer pricing pressure
• Talent acquisition and retention
• Evolving climate change regulations and reporting requirements

Mitigation Strategies

• Proactive supply chain management, alternative sourcing strategies
• Price increases and surcharges
• Cost reduction initiatives, lean manufacturing
• Competitive compensation and benefits, employee engagement initiatives
• SBTi target setting, supplier engagement, robust risk management framework

Supply Chain Management

Supplier Audits: Over 300 suppliers engaged through CDP

Responsible Procurement

• Responsible Sourcing Policy
• Supplier engagement on science-based targets

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Increased pricing of GHG emissions
• Changing customer preferences
• Technology substitution

Opportunities

• Development of low-emission products
• Improved employee retention and recruitment

Reporting Standards

Frameworks Used: GRI, TCFD, CDP, SBTi

Certifications: ISO 14001, ISO 45001, ISO 9001, Nadcap

Third-party Assurance: Independently assured Scope 1 and 2 emissions (limited assurance)

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 13 (Climate Action)

Initiatives contribute to these goals through emission reductions, renewable energy use, and sustainable product development

Sustainable Products & Innovation

• Battery cooling plates
• Electronics cooling
• Fuel cell components
• Additive manufacturing components

Awards & Recognition

• CDP 'A' rating for climate disclosure and supplier engagement