Climate Change Data

Barnes Group Inc.

Climate Impact & Sustainability Data (2020, 2021)

Reporting Period: 2020

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

  • Health and Safety
  • Environmental Sustainability

Environmental Achievements

  • Reduced lost time injury rate by 23% and recordable injury rate by 31% versus the prior year.
  • Implemented various water conservation projects resulting in significant water reduction (specific figures for each project mentioned but not aggregated).
  • Implemented various energy conservation projects resulting in significant energy reduction (specific figures for each project mentioned but not aggregated).
  • Reduced coolant waste stream significantly at multiple locations (specific figures for each location mentioned).
  • Recycled over 70 tons of plastic at Männer location in Bahlingen, Germany.

Social Achievements

  • Achieved zero serious injuries and zero work-related fatalities with over 8.9 million hours worked.
  • Implemented COVID-19 preventive measures to protect employees.
  • Engaged employees in “practicing safety” for critical risk tasks.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce energy usage by 15% by 2025.
  • Reduce water usage by 20% by 2025.
  • Reduce industrial process waste by 15% by 2025.

Environmental Challenges

  • Reducing environmental footprint (energy, water, waste).
  • Ensuring accurate environmental data reporting.
Mitigation Strategies
  • Established environmental targets for 2025 (15% reduction in energy, 20% reduction in water, 15% reduction in waste).
  • Analyzing water and energy usage and waste streams to identify strategic investments.
  • Establishing validation standard work and internal processes to review data and correct reporting errors.
  • Spot checking data by Internal Audit Department.

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: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Gimatic awarded a Silver EcoVadis Medal

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability
  • Diversity and Inclusion
  • Social and Charitable Impact

Environmental Achievements

  • Reduced total recordable injury rate versus pre-pandemic levels.
  • Zero serious injuries and zero work-related fatalities with over 9.3 million hours worked.
  • Implemented various water conservation initiatives resulting in significant water savings.
  • Implemented various energy conservation initiatives resulting in significant energy savings.
  • Waste reduction initiatives at multiple locations, including solvent recycling and cardboard recycling programs.
  • Increased recycling of plastics at multiple locations.

Social Achievements

  • Launched BarnesWORX™ Community, an innovative employment model.
  • Continued to develop the next generation of talent through internship, co-op, and apprenticeship programs.
  • Hosted Manufacturing Day events for over 1,000 students.
  • Supported various community initiatives through the Barnes Group Foundation, including donations to education, arts, and health-related charities.
  • Supported United Way campaigns.

Governance Achievements

  • Board of Directors comprised of twelve directors, eleven of whom are independent; four directors (33%) are women.
  • Enhanced employee training and awareness programs.
  • Implemented a Supplier Code of Conduct.

Climate Goals & Targets

Short-term Goals:
  • Reduce energy usage by 15% by 2025 (normalized basis).
  • Reduce water usage by 20% by 2025 (normalized basis).
  • Reduce industrial process waste by 15% by 2025 (normalized basis).

Environmental Challenges

  • Climate change related risks (droughts, wildfires, floods, excessive rainfall).
  • Transition risks related to climate change (price of carbon).
  • Supply chain disruptions.
  • Government regulations and policies.
  • Fluctuations in raw material pricing and availability.
  • Labor shortages.
Mitigation Strategies
  • Conducted climate scenario analysis to understand climate-related risks and opportunities.
  • Established energy usage reduction targets.
  • Implemented water conservation and waste reduction initiatives.
  • Engaged energy partners to develop an energy roadmap to decarbonize and reduce Scope 1 and Scope 2 emissions.
  • Implemented robust HSE Management System.
  • Proactive risk mitigation programs.

Supply Chain Management

Responsible Procurement
  • Code of Business Ethics and Conduct for Suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Droughts
  • Wildfires
  • Floods
  • Excessive rainfall
  • Water stress
  • Temperature extremes
Transition Risks
  • Price of carbon

Reporting Standards

Frameworks Used: GRI, SASB (2018 Industrial Machinery & Goods standard), TCFD, UNGC

Sustainable Products & Innovation

  • eGate Sync motion controller
  • Priamus FILLCONTROL solution
  • Next Generation High Speed Stamping Manifolds
  • Xtreme Duty Gas Springs

Awards & Recognition

  • America's Most Responsible Companies 2021 by Newsweek