Dear Stakeholders,
I am pleased to share our 2026 Corporate Responsibility Report, which outlines our progress in 2025 and reflects how sustainability contributes to our strategy, governance, and operations. In a year marked by rapid change, we remained focused on building a resilient business that delivers long-term value for our shareholders, customers, employees, and the communities we serve. We continue to strengthen the integration of environmental and social priorities within our organization, operations, and products to meet customer and workforce expectations for sustainable business practices and solutions while also proactively responding to regulatory developments.
In 2025, we achieved several of our key environmental goals. We achieved our 2025 targets for zero waste to landfill (<5%) and waste intensity reduction. We also maintained 100 percent renewable electricity sourcing and carbon-neutral operations while advancing energy efficiency actions and resource stewardship. In recognition of these efforts, we earned our first CDP A rating for climate action. This accomplishment recognizes our commitment to climate-related disclosures and our ongoing efforts to reduce greenhouse gas emissions.
Our teams continue to embed sustainability into product design and lifecycle considerations, including sustainable packaging, digital-first documentation, and sourcing lower impact materials.
People and culture remained a central focus in 2025, highlighted by a multi-year transformation of our HR department, processes, and systems. These enhancements aim to improve the employee experience, from hiring and onboarding to development and performance. These initiatives align with our belief that a positive, high-performance culture is foundational to business success.
Looking ahead, we are focused on continuous improvement, sustainable growth, and long-term value creation. Led by our One Team culture of collaboration, we look to advance strong results and a more sustainable future.
Sincerely,
Patrick K. Kaltenbach
President and Chief Executive Officer
April 2026