Mayville Engineering Company, Inc.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Materials Efficiency
- Energy Management
- Employee Health & Safety
- Talent Acquisition & Retention
- Data Privacy & Cybersecurity
- Supply Chain Management
- Community Engagement
Environmental Achievements
- Reduced energy usage intensity by 32% since 2020
- Reduced scrap intensity by 47% since 2020
- Reduced water usage intensity by 36% since 2020
- Invested in Servo Punch Electric Presses, increasing energy efficiency by more than 200%
- Implemented processes to increase energy efficiency in powder coat systems by more than 250%
- Invested in robotic brake presses and energy-efficient high-speed fiber optic lasers
- Installed LED lighting, reducing energy footprint
Social Achievements
- Added 401(K) matching and an Employee Assistance Program in 2023
- Established a new wellness program, MEC Balance, in 2021
- Provides on-site healthcare at 6 facilities, covering 55% of employees
- Partners with nearly 20 high schools and technical colleges to promote careers in manufacturing
- Provides state-approved apprenticeships in welding, metal forming, tooling, and die casting
Governance Achievements
- Timothy L. Christen elected Chairman of the Board in July 2022
- Jag Reddy appointed President & CEO and to the board of directors in July 2022
- Steven L. Fisher appointed chair of the Audit Committee
- Jennifer J. Kent appointed chair of the Compensation Committee
Climate Goals & Targets
Short-term Goals:
- 25% reduction in energy, scrap, and water intensity by 2028
Environmental Challenges
- Energy policy changes impacting utility rates
- Potential environmental regulation impacts on the electrical grid
- Maintaining a sustainable supply chain
Mitigation Strategies
- Annual evaluation of external issues and threats
- Regular reevaluation of supply chain to ensure minimal disruptions and adherence to human rights standards
- Implementation of MBX to drive operational excellence and cost reductions
Supply Chain Management
Responsible Procurement
- Quality Requirements
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Awards & Recognition
- Named #1 Fabricator in the U.S. by The Fabricator Magazine for the 12th straight year in June 2022
- 9 MEC locations received FMA Safety Awards
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Materials Efficiency
- Energy Management
- Employee Health & Safety
- Talent Acquisition & Retention
- Data Privacy & Cybersecurity
- Supply Chain Management
- Community Engagement
Environmental Achievements
- Reduced energy usage intensity by 5% in 2023 compared to 2022.
- Reduced scrap usage intensity by 6% in 2023 compared to 2022.
- Reduced water usage intensity by 9% in 2023 compared to 2022.
- Upgraded CO2 laser cutting capabilities to fiber lasers, reducing electricity consumption.
- Upgraded to energy-efficient LED lighting across plants.
- Expanded piping grid to deliver direct line Weld Shielding gas, improving efficiency and reducing scrap.
Social Achievements
- Added a High Deductible Healthcare Plan Option with Health Savings Accounts in 2023.
- Launched numerous initiatives to improve talent attraction and retention.
- Partnered with nearly 20 high schools and technical colleges to promote careers in manufacturing.
- Provided state-approved apprenticeships in welding, metal forming, tooling, and die casting.
- Initiated a move to new corporate headquarters to attract talent from the greater Milwaukee area.
- Implemented Training Within Industry (TWI) program for employee training.
- Implemented weekly meetings to align safety training and processes.
Governance Achievements
- Established a Supplier Code of Conduct to communicate ethical standards to suppliers.
- Evaluates Supplier Code of Conduct and supply chain requirements regularly.
- Implemented processes and technology to prevent unauthorized transmission of company digital data.
- Assessed employee security awareness, achieving nearly 99% participation and scoring above industry average.
Climate Goals & Targets
Medium-term Goals:
- Achieve a 25% reduction in energy, scrap, and water intensity by 2028
Environmental Challenges
- Potential environmental regulation impacts on the electrical grid.
- Maintaining a stable pipeline of skilled labor.
Mitigation Strategies
- Annually evaluates external issues or threats such as energy policy changes impacting utility rates and potential environmental regulation impacts on the electrical grid.
- Continuously evaluates Human Resources strategy and programs to attract and retain a committed and talented workforce.
- Investing in development opportunities that enable the deployment of MBX.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- Quality Requirements
Climate-Related Risks & Opportunities
Awards & Recognition
- #1 Fabricator in the U.S. by The Fabricator Magazine for the 13th straight year in June 2023
- FMA Safety Awards for 8 MEC locations