Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable development
• Employee well-being
• Supply chain responsibility

Environmental Achievements

• Reduced energy consumption by 9% (electricity and gas)
• Reduced volume of industrial waste by 7%
• 99% compliance of aqueous industrial discharge
• 12% average reduction in fuel consumption through eco-driving training

Social Achievements

• Launched the Elevation Days (sustainable development week)
• 87% response rate to internal satisfaction survey
• Created the Women by Manitou Group network
• Increased portion of people with disabilities working in the group from 3.39% to 3.60%
• Signed an agreement with AGEFIPH (Fund Management Organisation for the Professional Integration of People with Disabilities)

Governance Achievements

• Adherence to the MiddleNext Code of corporate governance for mid-caps
• Three independent members on the Board of Directors
• Established an ethical charter promoting values of integrity and responsibility

Climate Goals & Targets

Environmental Challenges

• Fluctuations in raw material and component prices
• Exchange rate risks
• Risks related to the proper operation of information systems
• Risks related to the financial health of suppliers
• Country risks
• Impact of Brexit on the UK market

Mitigation Strategies

• Productivity gains and flexible production tools
• Various financial instruments (interest rate swaps, forward sales)
• Outsourcing of critical IT equipment
• Supplier mapping, financial rating, and monitoring audits
• Credit insurance and factoring
• Contingency plans for major risks

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Responsible Purchasing charter
• CSR rating of suppliers
• Productivity initiatives with suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, UN Global Compact

Certifications: ISO 9001, ISO 14001

Third-party Assurance: FINEXFI

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• NewAg telehandlers
• Silent Force MLT 840 and MLT 1040 models

Awards & Recognition

• Gaïa Index rating of 91/100
• Governance First Prize for Medium-Sized Businesses
• Business Innovation award, Supplier Relations award, Purchasing Department and Team of the year award

Environmental Metrics

ESG Focus Areas

• Sustainable Development
• Environmental Footprint
• Health and Safety
• Supply Chain Responsibility
• Employee Well-being

Environmental Achievements

• Reduced energy consumption by 11% per unit of output
• Reduced VOC emissions by 24% per unit of output
• Reduced industrial waste volume by 9%
• 97.5% compliance of aqueous industrial discharge
• Launched Reman By Manitou project for remanufactured parts

Social Achievements

• Launched 'Wo’Men by Manitou Group' network for gender equality
• 87% employee participation in satisfaction survey
• Improved absenteeism rate (3.31% vs 3.79% in 2016)
• Increased number of employees with disabilities (4% vs 3.6% in 2016)
• Implemented a new employee digital vault in France

Governance Achievements

• Jacqueline Himsworth appointed Chairman of the Board of Directors
• Michel Denis' term of office renewed as President and CEO
• Implemented measures to comply with the French Sapin II law on anti-corruption

Climate Goals & Targets

Environmental Challenges

• Increased pressure on margins due to rising raw material prices
• Efficiency losses following output increases in manufacturing sites
• Supplier risks due to production tool output limits
• Exchange rate fluctuations impacting profits
• Risks related to portion of client receivables not covered by insurance

Mitigation Strategies

• Supplier mapping and performance classification
• Financial rating of main suppliers
• Supplier audits
• Exchange rate hedging
• Central credit management function

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Responsible Purchasing Charter, Supplier CSR ratings, Productivity initiatives with suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, UN Global Compact

Certifications: ISO 9001, ISO 14001

Third-party Assurance: FINEXFI

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• NewAg agricultural telehandler range, connected Easy Manager solution, Remanufactured parts

Awards & Recognition

• Gaïa Index rating of 85/100, Business Innovation prize at Trophées des Achats

Environmental Metrics

ESG Focus Areas

• Low-carbon products and services
• User health and safety
• Climate-compatible solutions
• CSR communication
• Stakeholder relations
• Talent management
• Machines and components with environmentally friendly characteristics
• Remanufacturing and reconditioning
• Business ethics and the fight against corruption

Environmental Achievements

• Installation of 14,000m² of photovoltaic panels in Italy.
• 25% reduction in the use of plastics for packaging parts by 2021 at the group level
• Implementation of an environmental data collection and management tool
• 83% progress on the low-carbon trajectory roadmap for actions planned in 2023
• An ecodesign software has been integrated into the company's various R&D departments, and 15 ecodesign representatives have been trained in France
• ISO 50001 certification for energy management at French sites

Social Achievements

• 1,051 new recruits with open-ended contracts
• 710 hours of skills-based sponsorship offered
• 73% of employees trained in the group’s Code of Ethics (excluding production employees)
• Organization of a hackathon on the theme “How to move towards zero accidents thanks to new technologies.”
• Signing of collective agreements in France covering all Manitou BF (MBF), Manitou Global Services (MGS) and Compagnie Française de manutention d'Ile-de-France (CFM IDF) companies
• New national collective bargaining agreement for the metallurgy industry (“META 24” project)

Governance Achievements

• All directors’ terms of office were renewed for four years at the Annual General Meeting
• The group has also adapted the organization of its Executive Committee with the creation of two functions in January 2024: a Chief Transformation & Governance Officer and a Chief Financial Officer.

Climate Goals & Targets

Environmental Challenges

• Global inflation
• Multiple supply chain disruptions
• Major geopolitical tensions
• Climate change
• Unavailability of components for electrical equipment impacting low-carbon trajectory results
• Roll-out of ISO 37001 (anti-corruption) certification slowed
• Action plan to establish a Care program for employee health, social protection and quality of work life by 2025
• Action plan to establish a global diversity and inclusion policy by 2025

Mitigation Strategies

• Tight control of production costs
• Adaptation of our sales policy
• Additional production facilities and steadily improving supply chain fluidity
• Temporarily closing order intake for products with the longest lead times to return to shorter delivery times
• Implementation of an energy management system at French sites and certified ISO 50001
• Installation of solar panels
• Purchasing energy certificates
• Global plan to supply decarbonized energy through PPAs (Power Purchasing Agreements) and BPAs (Biogas Power Agreements)
• Overhaul of the company vehicle policy in France to offer hybrid and electric vehicles
• Developing features and services with added environmental value (Eco-Stop, Stop & Go)
• Innovative Reviv'Oil oil dialysis service
• Eco-driving training module
• Joining the Fret 21 program
• Use of alternative fuels (HVO, B100)
• Reduction of distances traveled by encouraging maritime departures or arrivals
• TMS (Transport Management System) to optimize routes
• “Carbon Effort” criterion in calls for tender
• Switching flows from air to sea transport
• Supporting the NEOLINE project for a wind-powered cargo ship

Supply Chain Management

Supplier Audits: 285 suppliers audited in 2023 (63.5% CSR qualified)

Responsible Procurement

• Responsible Purchasing Charter
• CSR supplier ratings
• CSR audits
• Mapping all suppliers from the point of view of CSR risk

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events disrupting production and logistics

Transition Risks

• Technological risks related to electric and hydrogen technologies
• Political risks related to tax incentives
• Financial risks related to carbon taxes
• Regulatory risks related to changing requirements
• Commercial risks related to changing market demands
• Reputational risks related to activism

Opportunities

• Development of electric and hydrogen-powered machines

Reporting Standards

Frameworks Used: GRI, UN Global Compact, SBTi

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001, ISO 37001

Third-party Assurance: Mazars

UN Sustainable Development Goals

• Not disclosed

Manitou Group's strategy is based on 11 of the 17 UN Sustainable Development Goals.

Sustainable Products & Innovation

• Electric platforms and telehandlers
• Electric compact telehandler (MT 625e)
• Hydrogen-powered telehandler prototype

Awards & Recognition

• Trophées de l'Industrie Durable 2023 in the “Decarbonization” category
• “Product of the Year 2023” at the International Awards for Powered Access for the 160 ATJ+ e electric platform