Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced carbon intensity by 15.0% in 2023, and 30.7% since 2020.
• Re-used/recycled 4,995 tonnes of e-waste.
• Provided customers with emission-free electric-, hydrogen- and fuel cell-powered units.
• Supported an estimated 47,700 tCO2e reduction in GHG emissions by customers through the use of variable frequency drives.

Social Achievements

• Posted a strong 1.01 TRIF rate and successfully piloted multiple tools to modernize our employee health and safety programs.
• Introduced an incentive bonus plan for ~1,100 frontline employees; nearly all Wajax employees now participate in some form of commission, bonus or profit-sharing program.
• Updated mental and financial health resources available to all employees.
• Furthered diversity and inclusion efforts by launching its first employee resource group, “Women of Wajax” (“WoW”) / «Les Elles de Wajax» (“EdW”).
• Invested ~$285,000 in our communities through partnerships with Foodbanks Canada, Canadian Cancer Society, Kids Cancer Care Alberta and Red Cross.

Governance Achievements

• Delivered exceptional customer experiences, resulting in a customer Net Promoter Score of +70, and awards from customers including Danfoss, ITT Goulds, Rio Tinto, and many others.
• Rolled out anti-forced and child labour training and employee acknowledgements to our supply chain and procurement groups, prepared a vendor code of conduct, and produced Wajax’s first report under the Fighting Against Forced Labour and Child Labour in Supply Chain Act (Canada).
• Implemented sustainability software to enhance data collection, analysis and reporting readiness.

Climate Goals & Targets

Environmental Challenges

• Efficient management of oil, fuel and other hazardous materials to prevent spills.
• Maintaining cybersecurity in an increasingly digitized business environment.
• Human error as a significant factor in cybersecurity incidents.

Mitigation Strategies

• Ongoing education for employees for the prevention and control of spill incidents.
• Storage tank replacement initiative (10 tanks replaced in 2023).
• Regular security awareness training for all employees.
• Business continuity plans to mitigate potential impacts on operations and customers.
• Regularly tested and updated incident response plan.
• Close work with vendors and partners to ensure alignment with Third-Party Risk Management program.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Vendor code of conduct
• Anti-forced and child labour training

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and solutions

Reporting Standards

Frameworks Used: UN Sustainable Development Goals

Certifications: Gold Level certification from Excellence Canada in both the Mental Health and Healthy Workplace categories (2022)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Aligns with the United Nations Sustainable Development Goals

Sustainable Products & Innovation

• Emission-free electric, hydrogen, and fuel cell-powered units
• Hybrid transmissions
• Remanufactured hydraulic cylinders and rebuilt engines

Awards & Recognition

• Awards from customers including Danfoss, ITT Goulds, Rio Tinto