A Word from the CEO

Sustainable development is critical in protecting environmental, social and economic health and vitality and ensuring the long-term success of our company. A sustainable mindset helps us make the right decisions for our customers, employees, suppliers, shareholders, and the communities in which we operate.

Dear Stakeholders,

We have a strong track record in environmental, social, and governance (ESG) areas demonstrated by the results of our long-standing GreenMT sustainability program. We believe it is our fundamental responsibility to act in a manner that considers future generations. This sustainable mindset fortifies our long-term growth model and guides us to make the right decisions for all our stakeholders.

In 2021, we benefited from a strong rebound in customer demand and excellent performance by our teams throughout the world, despite the ongoing challenges related to the global pandemic. Protecting the health and safety of our employees while at the same time meeting the needs of our customers remain key priorities. Our culture of agility and resilience is essential as we navigate the ongoing challenges in the global environment.

Our successful sustainability journey continues and we set additional and more ambitious ESG goals in 2021. Most importantly, we are now committed to not only maintaining carbon neutrality for our operations but also to establishing science-based targets to drive absolute reduction of greenhouse gas emissions across our operations and supply chain. In addition, we introduced a new Diversity and Inclusion Policy with specific goals related to women's representation in management. Furthermore, beginning this year, we will link executive management compensation to additional specific ESG targets.

We are excited about our achievements and plans and invite you to take some time to review our progress as we further our recognized leadership in sustainability.

Sincerely,