Climate Change Data

Columbus McKinnon Corporation

Climate Impact & Sustainability Data (2023-04-01 to 2024-03-31)

Reporting Period: 2023-04-01 to 2024-03-31

Environmental Metrics

Total Carbon Emissions:1,432,139 tCO2e/year
Scope 1 Emissions:7,379 tCO2e/year
Scope 2 Emissions:14,840 tCO2e/year
Scope 3 Emissions:1,409,920 tCO2e/year
Renewable Energy Share:0.84%
Total Energy Consumption:79,212 MWh/year
Water Consumption:85,473 m3/year
Waste Generated:7,621 tons/year
Carbon Intensity:22 tCO2e per Million USD (Scope 1 & 2)

ESG Focus Areas

  • Business Conduct
  • Economic Performance
  • Market Presence
  • Enterprise Risk Management
  • Cybersecurity
  • Procurement Practices
  • Materials
  • People & Social Impact
  • Customers & End Users
  • Employment
  • Occupational Health and Safety
  • Succession & People Development
  • Workers in the Value Chain
  • Labor/Management Relations
  • Diversity & Equal Opportunity
  • Local Communities
  • Planet
  • Climate Change/Emissions
  • Waste & Pollution
  • Energy

Environmental Achievements

  • Reduced total emissions per revenue dollar by 7% from FY23 and 41% since FY21 despite business growth.
  • Achieved 88% recycling of non-reusable wood and 100% recycling of non-reusable cardboard at manufacturing and warehouse sites.
  • Improved energy efficiency of facilities through projects such as energy-efficient windows, new heating systems, and better insulation.
  • montratec received ISO 14001 certification.

Social Achievements

  • Launched wellness initiatives including mental health resources and webinars.
  • Expanded U.S. benefits program, including paid parental leave and a Roth 401(k) option.
  • Increased employee engagement survey response rate by 7% from FY23.
  • Recognized over 140 employees through the Living the Values awards program.
  • Improved employee feedback on work-life balance and inclusivity.
  • Formed new community partnerships and continued CMCO Cares program, with over $10,000 pledged in donations.

Governance Achievements

  • Enhanced Materiality Assessment process aligning with global frameworks.
  • Introduced a new risk survey for improved Enterprise Risk Management.
  • Continued development and strengthening of Enterprise Risk Management process.
  • Expanded cybersecurity defenses and maintained compliance with NIST 800171.

Climate Goals & Targets

Long-term Goals:
  • Public disclosure of Scope 3 emission reduction targets and an emissions roadmap.
Medium-term Goals:
  • Continue investing in Scope 1 & 2 emission reduction initiatives.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • High transition costs for LED lighting at some sites.
  • Lack of infrastructure for wood recycling at some remote locations.
  • Evolving cybersecurity risks.
Mitigation Strategies
  • Phased approach to LED lighting transition.
  • Evaluating new opportunities for wood recycling partnerships.
  • Multifaceted cybersecurity approach including advanced technology, risk assessments, training, and a comprehensive policy framework.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct
  • CMCO Terms and Conditions of Purchase
  • Human Rights Policy
  • Conflict Minerals Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Increased regulatory and compliance requirements.
Opportunities
  • Emissions reduction initiatives.

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards, TCFD

Certifications: ISO 14001 (montratec)

Third-party Assurance: Third-party verified at a limited level of assurance according to ISO 14064-3 (Scope 1 and 2 emissions)

UN Sustainable Development Goals

  • 1, 3, 7, 8, 9, 11, 12, 13, 15, 16, 17

Alignment detailed in UNSDGs index.

Sustainable Products & Innovation

  • CM® BatteryStar™ battery-powered chain hoist
  • Intelli family of automation solutions

Awards & Recognition

  • Not disclosed