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,

I am delighted to present our latest Corporate Responsibility Report, which showcases our commitment to manage and operate our Company in a manner that helps preserve a world of opportunities for future generations. We continue our efforts across a broad range of ESG topics as part of our sustainability journey.

I am particularly pleased to see the high interest and engagement our team has expressed in our GreenMT initiative. Our new Purpose Statement, introduced in 2023, provide additional support and encouragement to align our daily actions with our values and vision.

In the past year, we made further strides toward our 2025 zero-waste-to-landfill goal; accelerated adoption of electric vehicles in our fleet; ramped up solar power and district heating capacities; and re-achieved our 100-percent-renewable-electricity-sourcing and carbon-neutral-operations targets. As a result, we remain on track to meet our 2030 science-based target for Scope 1 and 2 emissions reduction. However, we recognize that more effort is needed to achieve the corresponding target for our Scope 3 emissions, and we are fully committed to implementing the necessary programs to achieve our ambitious goals here as well.

We have also increased our efforts related to sustainable product design, supplier engagement, and transparency in our supply chain. Additionally, 2023 marked the launch of our refreshed Employer Brand and the expansion of our inclusive workplace program, fostering a diverse and inclusive corporate culture.

I am excited to share the details of our progress and ongoing ESG commitments in this report. We are proud and inspired by our work in these important areas and remain committed to continuous improvement, striving to create a lasting, positive impact for a better and healthier tomorrow.

Sincerely,

Patrick K. Kaltenbach 
President and Chief Executive Officer 

April 2024