E S G  R e p o r t  2 0 2 2

2
Hammond Power Solutions
about us
HAMMOND POWER SOLUTIONS INC.
Hammond Power Solutions Inc. (“HPS” or the 
“Company”) enables electrification through its 
broad range of dry-type transformers, power 
quality products and related magnetics. 
HPS’ 
standard 
and 
custom-designed 
products are essential and ubiquitous in 
electrical distribution networks through an 
extensive range of end-user applications. 
The Company has manufacturing plants in 
Canada, the United States (U.S.), Mexico and 
India and sells its products around the globe. 
HPS shares are listed on the Toronto Stock 
Exchange and trade under the symbol HPS.A.

ESG Report  2022
$558M Global 
Sales
Consistent decades of growth
1,500 Employees
Canada, United States, Mexico 
and India
22 Global 
Locations
~670,000 
Units/year
Consistent decades of growth
Message from our CEO	
02
About Hammond Power Solutions	
04
Hammond‘s Approach to ESG	
06
Environment	
08
Social	
12
Governance	
16
Performance Table Data	
18 
Company Information	
34
index

2
Hammond Power Solutions
Hammond Power Solutions
The fundamentals of Hammond Power Solutions (“Hammond” or 
“HPS”) are driven by demand from a broad range of end markets 
combined with a diversity of geography and sales channels. As 
countries around the world continue to electrify their economies 
to meet their climate commitments, our mission is to ensure 
Hammond plays a significant role in this global power transition.  
From our early days as a small family-run business, Hammond 
has emerged as a leading industry player in transformer design 
and manufacturing. With a century-long legacy of innovation 
and an unwavering focus on customer satisfaction, we have 
established ourselves as trusted, long-term partners, dedicated 
to modernizing and improving electrical applications to meet the 
evolving needs of our customers. 
	
As we continue to grow and evolve, Hammond and 
our customers face a new, shared challenge: reducing our 
environmental impact, generating value for our stakeholders, 
and upholding the highest corporate governance standards. 
Over the years, we have remained committed to designing and 
manufacturing energy-efficient products that reduce industry’s 
Message from our CEO
Countries and jurisdictions 
globally are recognizing 
the long-term benefits of 
electrifying their economies 
and are continuing to adopt 
power sources with a lower 
carbon footprint.  
HPS Corporate 
Sustainability
Our passion for sustainability ensures 
that the world is energized today 
for future generations to come. We 
commit to designing energy-efficient 
products; to shrinking the ecological 
footprint of our operations; and to 
developing a workplace which fosters 
inclusion and innovation.
Our 5 Pillars of Sustainability
1. Economics
2. People
3. Community
4. Environment
5. Continuous Improvement

3 
ESG Report  2022
William G. Hammond
CHAIRMAN OF THE BOARD & CHIEF EXECUTIVE OFFICER
environmental 
footprint, 
while 
supporting 
the 
development of renewables and alternative energy 
applications. In particular, Hammond has developed 
products for use in the development of wind and  
solar power, power storage systems, and electric 
vehicle charging stations.	
	
As part of our commitment to sustainability, 
Hammond has established a comprehensive program 
to guide our business practices, ensuring that we 
operate in a responsible and sustainable manner. Our 
goal is to create a positive impact in the communities 
in which we operate, contribute to a more sustainable 
future, and provide our customers with the most 
sustainable products and services possible. We are 
committed to meeting this challenge head-on, and 
to working in partnership with our stakeholders to 
create a brighter more sustainable future for all. 
	
Hammond Power Solutions is pleased to formalize 
our sustainability commitment with the completion of 
our first Environmental, Social, Governance (“ESG”) 
report. As we move forward, we remain dedicated 
to our ESG principles, which guide our decision 
making and ensure that we are accountable to our 
stakeholders. We are committed to transparency 
and regularly reporting on our progress toward our 
ESG goals. We believe that by focusing on ESG, we 
can create long-term value for our shareholders and 
make a positive impact on the world around us.
	
Thank you for your continued support, and we 
look forward to working together toward a more 
sustainable future.

4
Hammond Power Solutions
Our values
We value the safety and well-being of all 
We expect honesty, integrity and ethical behaviour 
We embrace diversity by nurturing an inclusive environment and treating everyone with 
dignity and respect
We promote innovation and a relentless pursuit of continuous improvement through 
teamwork
We believe in a collaborative approach to social and environmental sustainability
About Hammond Power Solutions
Our purpose
We are passionate people energizing  
a better world.

ESG Report  2022
5 
Generation
Transmission
Distribution
Commercial
Residential
Industrial
Transformers are essential 
throughout the power grid. 
Starting 
at 
the 
point 
of 
generation, transformers step 
up power for long distance 
transmission. Depending on 
distance and voltage, several 
types of transformers can be 
used along the distribution 
line to step down delivery. 
Commercial, industrial and 
residential end usage require 
different voltage levels to 
supply electrical loads for use 
with specific equipment and 
consumption.
Hammond Power Solutions is a leading manufacturer of dry-type transformers and related magnetics. 
Our products are used in a wide range of industries, including renewable energy, data centers, mining 
and industrial applications. We are committed to providing innovative, reliable, and sustainable 
solutions that meet the needs of our customers while minimizing our impact on the environment.
	
Established in 1917, Hammond has grown from a small family-owned business in the shortwave 
radio market into the industry leader in magnetic transformer design and manufacturing. Hammond 
today has multiple manufacturing facilities throughout Canada, United States, Mexico and 
India. Hammond serves its customers from a network of nine regional warehouses throughout  
North America.

6
Hammond Power Solutions
We commit to designing energy-efficient products; 
to shrinking the ecological footprint of our operations 
and to developing a workplace which fosters 
inclusion and innovation.
	
We are committed to continuously improving our 
ESG performance and reporting on our progress.  
We believe that by prioritizing ESG, we can create 
long-term value for our stakeholders, build a stronger 
and more resilient business, and make a positive 
impact on the world around us. We have been 
embedding sustainability principles into the way we 
do business, our decision-making processes, and 
our everyday activities.
	
Hammond’s ESG strategy is managed by our 
Sustainability Working Committee. The Sustainability 
Working Committee is composed of individuals from 
across our business who not only provide a diverse 
perspective on Hammond’s efforts on ESG topics, 
but also support the activation of our approach to 
ESG throughout our business. The Sustainability 
Working Committee provides updates to Hammond’s 
leadership with specific details of our efforts to 
Our passion for sustainability 
ensures that the world is 
energized today for future 
generations to come.  
Hammond’s Approach 
to ESG 
Impact on Business
Stakeholder Interest
Stakeholder
Alignment
Community 
Investment
Stakeholder 
Engagement
Innovation & 
Services
Environmental Stewardship & 
Circular Economy
Anti-corruption
Climate Change
Supply Chain Management
Waste Management
Labour Standards/Diversity 
& Inclusion
Development & Training
Emissions
Good Governance
Energy Consumption
Employee Wellness
Health & Safety
Environmental
Social
Governance
Fig 1. Hammond Power Solutions 2022 Materiality Assessment

7 
ESG Report  2022
ensure effective management of our ESG priorities. 
Hammond followed a content gathering and approval 
process to ensure this report accurately reflects our 
practices and performance. 
	
In 2022, we took an essential step in this journey 
with the completion of our first formal materiality 
assessment to inform our future sustainability 
work and to shape and prioritize the content of 
this report. We enlisted ESG-focused third-party 
guidance and referenced both the Global Reporting 
Initiative (“GRI”) and Sustainability Accounting 
Standards Board (“SASB”) standards to complete 
our assessment in three stages: topic identification, 
prioritization and validation. 
	
Hammond has undertaken a comprehensive 
evaluation of its operations and has determined 
the nine ESG topics that are critical to its business. 
In alignment with the United Nations’ Sustainable 
Development Goals (“SDGs”), Hammond recognizes 
the pivotal role that businesses play in realizing these 
objectives. Below is a synopsis of our essential ESG 
factors and the corresponding SDGs.
Social
Environment
Governance
Energy 
Management
Environmental 
Stewardship  
& Circular  
Economy
Health  
& Safety
Employee 
Wellness
Stakeholder 
Engagement
Diversity
Good 
Governance
Supply Chain 
Management
Innovation  
& Services

8
Hammond Power Solutions
Hammond shares global concerns about climate 
change, recognizing that it is a complex challenge 
of increasing importance to our company and 
our stakeholders. As such, we are focused on 
reducing the climate impact of our operations and 
integrating climate risk considerations into our 
business decisions. Our climate strategy has been 
activated within our operations through investments 
in energy-efficient technologies, the adoption of 
energy-savings practices and procedures and 
promoting employee awareness on the importance 
of conserving energy. Through these efforts, we have 
reduced our energy consumption and greenhouse 
gas emissions while also saving money on energy 
costs. We will continue to undertake activities that 
help minimize, lower, or offset emissions, while being 
careful to avoid sacrificing the economic viability of 
our development activities.
	
Reducing emissions is important not only for 
minimizing Hammond’s environmental footprint, but 
Energy Management & Emissions
Environment 
Environmental sustainability is a key focus area for Hammond. We recognize that our operations have an  
impact on the environment, and as such, we are focused on the development and adoption of sustainable 
practices in the work we do every day to minimize the impacts. The measures we have implemented are 
designed to reduce our energy consumption, emissions, minimize waste and to ensure our employees are 
stewards of a circular economy. 
Scope 1 includes direct GHG emissions 
from sources that are owned or controlled 
by the company such as natural gas 
combustion 
and 
company 
owned 
vehicles. 
Scope 2  accounts for GHG emissions 
from 
the 
generation 
of 
purchased 
electricity.
Scope 3* includes all other indirect 
emissions. 
Captured 
Scope 
3 
encompasses waste generation and water 
consumption.  
Source of Emission
Total (tCO2 e)
Percentage
Scope 1
2,788
47%
Scope 2
2,908
49%
Scope 3*
262
4.5%
Total
5,958
100%
 Fig 2. Greenhouse Gas Emissions for HPS
Emissions are further broken down in the 2 figures on the 
following page, to highlight all reported emission scopes and 
breakdown by the facility level.
The following table outlines the total tonnes of carbon dioxide equivalent produced by Scope 1, 2 and 
3 GHG emissions currently reported on.  In addition, the table below demonstrates the percentage of 
scope GHG emissions reported.

9 
ESG Report  2022
also for reducing our costs. Across our business, we 
have identified numerous opportunities for emissions 
reduction initiatives. We will continue to drive 
emissions intensity improvements across all parts of 
our business, seeking greater efficiency and lower-
carbon alternatives for our business operations. 
	
A Green House Gas (“GHG”) assessment is an 
essential tool in the monitoring and reduction of our 
climate change impact as it allows reduction targets 
to be set and action plans formulated.  Below is a 
table that outlines the emissions that were captured 
for HPS’s 2022 reporting year. 
	
Within 
our 
internal 
operations, 
energy 
consumption is tracked, and opportunities identified 
to increase our use of clean power and adopt 
strategies to reduce consumption. When we work 
externally with our customers, we strongly believe 
that through our innovative products, our customers 
are able to take meaningful steps toward the 
achievement of their own sustainability goals.
	
Hammond strives to achieve an optimal balance 
between protection of the environment and the 
commitment to create economic prosperity for 
shareholders, employees and the communities in 
which we operate.
Fig 3. Stacked pie chart showing consumption 
by scope and category for total HPS emissions.
Fig 4. Facility breakdown of HPS total 
consumption by tCO2e.
Natural
Gas
Electricity
SCOPE 3
SCOPE 1
SCOPE 2
Water Supply
Cars
Trucks
Vans
Water Treatment
Recycled Waste
Landfill Waste
Guelph, 1460
Aberfoyle, 115
Walkerton, 141
 Baraboo, 349
Mesta, 74.6
Compton, 121
Reno, 41.2
Granby 409
Monterrey 1, 996
Monterrey 2, 787
LATAM, 506
Hyderabad, 959

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Hammond Power Solutions
As a responsible manufacturer, we recognize the 
importance of balancing economic growth with 
environmental stewardship and social responsibility. 
We have taken a comprehensive approach to 
activating ESG principles throughout our business, 
and this includes implementing best practices to 
minimize our impact on the environment. 	
	
While water is not used in our manufacturing 
process, it is a still a resource that we consume 
for amenities, drinking and landscaping and is a 
resource we monitor where possible. In 2022, we 
consumed a total of 16,957 m3 globally.
	
Waste reduction and management across all 
operations is an integral part of our business. We 
continuously strive to minimize the overall amount 
of waste we generate and to reduce the amount 
we send to landfill. Our waste strategy begins with 
avoiding the generation of waste where possible. 
Where this is not possible, we work to reduce, reuse, 
and recycle waste. Hammond has implemented a 
program to recycle materials such as copper, steel, 
and aluminum, and we have established partnerships 
with suppliers that share our commitment to 
sustainability to ensure our recycling efforts are 
effective. We have also implemented several waste 
reduction measures focused on reducing packaging 
waste, 
reusing 
materials, 
and 
implementing 
recycling programs for both office waste as well as 
waste materials created during our manufacturing 
processes. In 2022, our landfill waste was 480 
tonnes and our recycled waste was 1,570 tonnes. 
This creates a diversion ratio of 77% for total 2022 
waste when including landfill, recycling, and scrap 
metal. When scrap metal is not included in the ratio 
the diversion ratio drops to 62%. Both are shown 
since scrap metal can largely skew the data because 
of its weight.
Environmental Stewardship & Circular Economy 
Environment (con’t)
2022 Annual Waste Management (t)
Fig 5. Annual Waste Management for 2022 showing the amount and types of recycled material and 
landfill waste.
0
200
600
800
1000
1200
1400
Recycling
Garbage
Garbage               Mixed Recycling               Cardboard               Scrap Metal               Wood               E-Waste
400
1600
1800

11 
ESG Report  2022
Hammond Power Solutions is constantly seeking 
out new ways to reduce our environmental footprint. 
And while we use new clean technologies and 
processes, our design and manufacturing of product 
solutions for our customers is inherently aligned 
with our commitment to reduce the environmental 
impact of our operations. As we meet the needs of 
our customers through the design of high efficiency 
transformers with limited no-load losses, this has the 
beneficial effects of reduced energy consumption 
and lower carbon emissions. One key factor of 
our products is that they have a greater than 86% 
recyclability, which helps encourage our partners 
to properly recycle our products at end of life. 
To help promote recycling, we provide our customers 
with information on how to dispose and recycle our 
products at the nearest facility to them.
	
Hammond is proud to have instituted a “Green 
Team” globally to implement operational changes 
and projects at the local level to improve the 
efficiency of resource use (gas, electricity, water) 
while identifying and implementing community 
impact initiatives, including but not limited to 
environmental campaigns such as tree planting and 
river walk clean-ups. There have also been local 
Green Committees initiated at our facilities similar to 
the team at our Granby plant to oversee the successful 
execution of our environmental programs, including 
our Outdoor Garden. Utilizing reclaimed materials 
from our production process, we have developed a 
sustainable approach to growing vegetables which 
are distributed amongst our team members. Any 
surplus harvest is thoughtfully donated to local 
shelters to support the broader community. We are 
committed to promoting and contributing to the 
betterment of the communities we serve.   
Fig 6a. Recycled garden beds created at the 
Granby facility.
Fig 6b. Tree planting, India

12
Hammond Power Solutions
The health and safety of our people and partners 
are core elements of our culture at Hammond Power 
Solutions. Electrical manufacturers are governed 
by stringent health and safety protections, subject 
to active monitoring with regular and transparent 
reporting. As part of this, Hammond has implemented 
extensive policies, proactive procedures, and an 
Emergency Response Plan (“ERP”) designed to 
protect our people and local communities, along 
with the environment. Hammond’s ERP is designed 
to provide a rapid and effective response to any level 
of potential emergency. 
Hammond Power Solutions provides an education-
based safety program that tracks, investigates, and 
strives for constant improvement across all facets 
of our operations. All operational employees must 
be trained on emergency response protocols, and 
we have established incident command structures 
to ensure that our emergency management process 
is effective. In addition, all employees are required 
to participate in emergency response drills on an 
annual basis. 
Health & Safety
Social
Social responsibility is another important focus area for us. We believe in creating a healthy and safe 
workspace where all employees are treated well and given the opportunity to succeed.  We support our local 
communities through charitable donations, volunteering and partnerships with local organizations.
The people at Hammond Power Solutions represent 
one of our key success factors.  Our team is comprised 
of qualified and highly technical professionals who 
not only comply with Hammond’s internal code 
of conduct and policies but are also held to a high 
standard of ethics and self-regulation. As such, we 
strive to create an empowered culture where our 
people can thrive as individuals and collectively 
contribute to the long-term success of our business. 
	
A few of our employee-centric initiatives include:
•	 Professional development support, including 
ongoing training, networking and assisting in 
the pursuit and maintenance of professional 
designations (we invest on average 1.5% of salary 
to the HPS Learning Centre and have set the goal 
that by 2026, 50% of our open positions will be 
filled by internal people).
•	 Adoption of advanced software and technologies 
designed to help employees perform their work 
efficiently.
•	 Providing employees with flex days, flexible 
remote working options, volunteering hours and 
in some facilities, flexible personal and health care 
spending accounts.
Employee Wellness

13 
ESG Report  2022
•	 Enabling employees to participate in Hammond’s 
stock option plan which strengthens the team 
engagement while further aligning their interests 
with shareholders. 
•	 Hammond-sponsored and organized social events. 
•	 Annual and Bi-annual employee engagement 
surveys, which has allowed Hammond to create 
employee specific programs, action plans and 
performance tracking; and 
•	 Collaborating with local colleges and universities 
to promote the hiring of summer students and the 
next generation of innovative employees.
	
Succession planning is another key part 
of ensuring leadership continuity and growth 
throughout the organization. As Hammond has 
continued to evolve, our Board has been increasingly 
focused on our internal human capital planning and 
leadership development practices. Our corporate 
leadership including our Board, strongly believes that 
these are essential components that can ultimately 
support our long-term sustainability. 
	
Family has always been important to Hammond 
which is why we provide scholarships to employee’s 
children. Providing educational opportunities for 
our employees’ children helps alleviate the financial 
burden of higher education and contributes to the 
success of future generations. We have found this 
benefit has helped us to attract top talent and has 
improved employee morale and loyalty.
	
Bringing our people together with social 
events allows for collaboration and developing 
lifelong relationships. We have several social events 
throughout the year that focus on getting people 
together for some good old-fashioned fun!  At these 
events, we take the opportunity also to remember 
those vulnerable in the community that need 
our help whether it is our financial contributions 
to organizations such as Habitat for Humanity, 
addressing food insecurity through significant 
fund raising and donations to Food banks or Toys 
for Tots and Giving Tree to provide a meaningful 
holiday for children. In 2022, Hammond held a “Staff 
Appreciation Day” publicly acknowledging the 
contribution and dedication of our people across all 
Hammond facilities.  
Fig 7. Giving tree donations at the Guelph location.

14
Hammond Power Solutions
Hammond Power Solutions is proud to be an 
active and trusted member within the communities 
where we live and operate. We prioritize ongoing 
engagement with a wide range of stakeholders 
including our customers, employees, suppliers, 
investors, regulators and local communities. We seek 
to hear their concerns and promote collaborative 
working relationships. Throughout our operational 
lifecycle, we strive to engage stakeholders and 
interested parties in open dialogue, sharing 
information transparently, and ensuring that we 
achieve consensus around solutions. Hammond 
is committed to working with internal and external 
stakeholders to resolve concerns or answer questions 
that may arise through our continued interactions. 
We have implemented several initiatives to promote 
stakeholder engagement. This includes regular 
communication through a variety of channels such 
as customer surveys, employee surveys, townhalls, 
supplier 
meetings 
and 
community 
outreach 
programs.
	
Hammond Power Solutions aims to provide 
meaningful economic contributions to its local 
communities. It actively recruits employees and 
external contractors from the local community and 
relies on local businesses for services, with the goal 
of uplifting local economies. Our team believes that 
we represent the community, and the community 
represents us.
Stakeholder Engagement 
Social (con’t)

15 
ESG Report  2022
Hammond Power Solutions is committed to building 
a diverse, equitable and inclusive workplace where 
everyone is valued and respected. We recognize that 
diversity is a key driver of innovation and growth, 
and we are dedicated to creating an environment 
where employees from all backgrounds can thrive. 
Hammond has implemented initiatives to promote 
diversity, equity, and inclusion (“DEI”) including 
training and education and hiring and promoting 
practices that prioritize these values.  Hammond 
tracks and reports on its efforts to promote DEI 
throughout its employee locations and seeks 
feedback from employees and stakeholders to 
continuously improve its initiatives. Hammond holds 
DEI events throughout the year including celebrating 
women on International Women’s Day.
Diversity Equity & Inclusion
Fig 8, 9 and 10. International Women’s Day celebrations at the Hyderabad, Monterrey and Guelph  
locations.

16
Hammond Power Solutions
Sound corporate governance builds trust with 
our stakeholders and is core to the success of our 
business. Our actions are guided by our values 
and supported by a clear governance framework 
that ensures proper oversight and accountability. 
This understanding informs the way we operate 
and provides Hammond Power Solutions with a 
framework that allows us to pursue our business 
objectives while respecting the interests of our 
stakeholders.
	
Our Board of Directors provide oversight 
and assessment of our ethics and compliance 
programs as part of our governance frameworks. 
HPS Management report its progress to the board 
on a regular basis.  Management and the board of 
directors clearly communicate and promote ethics 
and value through compliance to our governance 
frameworks.  In addition to background checks 
conducted, new employees are trained, and are 
required to read, understand and acknowledge 
our Code of Conduct along with Company Policies 
and Standard Procedures and Instructions “SPI’s” 
that are relevant to their role. Internal and external 
audits are conducted to ensure these practices are 
followed in accordance with our ISO 9001 quality 
management system.	
	
We are committed to our governance frameworks 
that ensure transparency, objectivity and fairness of 
the management of our company and earn the trust of 
our stakeholders everywhere we operate. Hammond 
has always focused on virtuous governance and the 
social impact of our operations. 
	
Hammond Power Solutions knows that risk 
management, 
including 
emergency 
response 
programs, is critical for our business. It supports our 
efforts to ensure compliance with regulations and, 
most importantly, helps to protect our employees 
and the environment against possible hazards.
Good Governance 
Governance
Good governance is the foundation of Hammond Power Solution’s ESG program. We are committed to 
upholding the highest ethical standards in our business practices, and we hold ourselves accountable to our 
stakeholders. We have established policies and procedures to ensure compliance with applicable laws and 
regulations, as well as best practices in corporate governance. And we take meaningful steps to ensure that 
we source our materials and components from supply partners who share our commitment to sustainability.

17 
ESG Report  2022
We believe that we must be mindful of not just our 
own actions, but also the actions of those we choose 
to partner with. To promote alignment between 
Hammond and our business partners, we have 
integrated sustainability considerations directly 
into our contractor selection and procurement 
management practices. Not only are we increasing 
the 
value 
to 
our 
business 
and 
generating 
mutual efficiencies with competitive businesses 
and suppliers, but we are also addressing the 
environmental and social effects of our procurement 
decisions. The sustainability focus within our 
supply chain processes and partnerships supports 
Hammond’s purpose and demonstrates leadership 
in environmental and social governance.
Supply Chain Management 
Hammond Power Solutions manufactures a wide 
range of Active Harmonic Filter (“AHF”) products. 
AHF products are used to mitigate the negative 
effects of harmonics in power systems, such as 
overheating of equipment, power quality issues, 
and increased energy consumption. Hammond’s 
AHF products are designed to analyze and filter out 
harmonics from the electrical system, resulting in a 
cleaner, more efficient electrical system. Our AHF 
products are known for their reliability, efficiency 
and ease of use. They can help reduce energy  
costs, improve power quality and extend the life of 
electrical equipment. 
	
HPS has 90% of our low voltage and medium 
voltage units that comply with the Department of 
Energy (“DOE”) and Natural Resources Canada 
(“NRCan”) efficiency standards. Approximately 70% 
of annual shipments in North America meet these 
stringent requirements (typically requiring 98+% 
efficiency). The remainder of our shipments are 
either exempt from these standards, are driven by 
customer specifications (in some cases exceeding 
DOE/NRCAN efficiencies) or it is not economically 
feasible for the industry to provide units with higher 
efficiency (i.e. small control transformers, etc.). 
We strive to provide our customers with an energy 
efficient product to produce fewer GHG emissions, 
consume less energy from the grid and allow 
our customers to make a more environmentally 
responsible choice.  Hammond has invested millions 
of dollars in the past decade to ensure we can 
offer the market the best high-efficiency designs 
at a competitive price.  To help illustrate both the 
environmental and economic beneifts of retrofitting 
older, less efficient  transformers, Hammond offers an 
on-line “Transformer Efficiency Payback Calculator”. 
	
Hammond is committed to financial stability and 
a long history of service through its commitment 
to entrepreneurial thinking. Positive economic 
performance is a vital element of our success. 
We measure our economic performance through 
sustainable profitability, the efficiency of our 
business operations, and our ability to innovate. 
Building a positive culture that encourages creative 
thinking, innovation, and collaboration drives how 
we make decisions and where we focus our talent 
for maximum positive impact.
Innovation & Service

18
Hammond Power Solutions
Environment
1. Emissions & Energy Management
2022
Framework
All Energy Scope 1 and Scope 2 
emissions measured in 2022
1. 91% (electricity + natural gas); 
2. 53% electricity; 
3. 0% renewable
RT-EE-130a.1
Gross global Scope 1 emissions, 
percentage covered under 
   1.   Total energy consumed
   2.  Percentage grid electricity
   3.  Percentage renewables
1. 55% 
2. 0%
3. 0%
RT-EE-130a.1
Discuss your approach to supply of 
lower-carbon and/or alternative energy
Currently, we are researching the 
impact and feasibility of using 
renewable energy sources at each 
facility. We are tracking current 
consumption and identifying 
areas where consumption can be 
reduced to produce less carbon 
emissions. LED lighting, motion 
sensor lights, as well as holding 
managers accountable for monthly 
consumption tracking.
GRI
Discuss your initiatives and progress 
toward improving energy efficiency and 
consuming less energy
LED lighting, holding managers 
accountable for monthly 
consumption tracking.
GRI
Number of customers served in markets 
subject to renewable portfolio standards 
(RPS) 
2678
IF-EU-110a.4
Air emissions of the following pollutants: 
1.	 NOx (excluding N2O)
2.	 SOx
3.	 particulate matter (PM10)
4.	 lead (Pb)
5.	 mercury (Hg); percentage of each in 
or near areas of dense population
1. 3.082 t/yr
2. 0.018 t/yr
3. 0.234 t/yr
4. 0.000 t/yr
5. 0.000 t/yr
These numbers are global for all 
facilities.
IF-EU-120a.1
 
ESG Performance Data Table

19 
ESG Report  2022
Environment
2. Environmental Stewardship &  
    Circular Economy
2022
Framework
Report the composition of waste 
diverted from disposal
Scrap metal (Al, Cu, Steel); plastic; 
cardboard; wood; paper; e-waste
GRI
Disclose the actions, including 
circulatory measures taken to 
prevent waste generation within your 
organization
Removed single use coffee cups 
for free coffee and provided 
employees with reusable tumblers, 
e-waste separated and donated 
to ERA (Electronic Recycling 
Association) to be repaired and 
reused for those needing electric 
equipment. Recycling of office 
paper products and other
recyclable material.
GRI
Number and aggregate quantity of 
reportable spills, quantity recovered
1 spill
GRI
Describe the inputs, activities and 
outputs that lead or could lead to waste 
related impacts
A significant amount of raw
material comes from a virgin
source. Though scrap is recycled,
and our products are 87+%
recyclable, we could improve
using materials whose source
could be re-processed or recycled.
Efforts to reduce waste material 
are underway such as the reuse 
of excess nomex material in our 
production process where feasible.
GRI

20
Hammond Power Solutions
Social
3. Health & Safety
2022
Framework
Total recordable incident rate (TRIR) and 
(2) fatality rate for 
     (a) direct employees and 
     (b) contract employees 
Contract TRIR and severity rate: 0
Direct TRIR site average: 2.9
Direct severity rate average: 30.9 
RT-EE-130a.1
Percentage of HPS employees that have 
completed safety training
100% 
GRI
Describe management systems used to 
integrate a culture of safety throughout 
the value chain and project lifecycle 
OHS programs focus on 
compliance while safety systems 
focus on managing hazards 
throughout all levels of the 
organization.
Our HPS Safety Policy reflects 
our serious commitment to Health 
and Safety and shows that safety 
performance is compatible with 
sustained business performance.
GRI
 
ESG Performance Data Table (con’t)

21 
ESG Report  2022
Social
3. Health & Safety (con’t)
2022
Framework
Plan Do Check Act (PDCA) is the cornerstone of  
our H&S Culture:  Every step and system is  
planned, checked for compatibility, refined, and  
then implemented.
Our Metrics measured are:
1.	  Frequency of incident
2.	  Severity of incident
3.	  First Aids and indicated trends
4.	  WSIB statistics as measured against local and  
     industry standards
5.  H&S Training compliance 
Policies in place:
•  Workplace & Safety Rules of Conduct
•  Contractor Health & Safety Policy
•  Health & Safety Communication Procedures
•  Electrical Safety
•  Health & Safety Enforcement & Discipline
•  Health & Safety Policy Statement
•  Health & Safety Responsibilities
•  Business Continuity Response Plan
•  Pandemic and viral Pandemic risk mitigating cleaning  
   and disinfecting plan
RT-EE-130a.1
Description of Emergency 
Preparedness and 
Response Plan (ERP)
As an ISO certified employer, we have a quality 
management system that provides clearly documented 
Standard Practice Instructions (SPI’s) that all our 
employees are aware of, acknowledge and are trained in 
procedures on a regular basis.  Our SPI on emergency 
preparedness and response was created to establish, 
maintain and communicate an Emergency Response 
Plan. This plan is to provide guidance and information 
to employees and emergency responders during an 
emergency situation. The objective is to avoid or minimize 
the effect on employees, the environment and the 
business. This plan provides general procedures to be 
followed during any emergency. Separate procedures are 
written for the following specific emergencies: 
GRI
 
•	 Evacuation 
•	 Fire/Explosion 
•	 Medical 
•	 Spills
•	 Bomb Threats 
•	 Electrical Power  
   Failure 
•	 Natural Disasters  
   (weather related) 
•	 Suspicious Packages

22
Hammond Power Solutions
Social
34. Employee Wellness
2022
Framework
Number of employees during the 
reporting period
1500
GRI
Number of employee turnover during 
the reporting period
237
GRI
What is HPS’s budget for annual training 
per employee
Average of 1.5% of base salary 
globally
GRI
Describe the communication channels 
that HPS use to engage its employees 
(e.g., intranet, newsletter, townhall, 
surveys)
Global intranet; town halls; 
monthly/quarterly team updates; 
Microsoft Teams channels; 
surveys; newsletters; contests; 
internal promotional events
GRI
Describe the type and scope of 
programs implemented and assistance 
provided to upgrade employee skills
Tuition reimbursement program; 
employee-paid professional 
dues/memberships; leadership 
development tracks; on the job 
skills training and skills upgrading, 
and project management 
certification for individuals that are 
accountable for capital and other 
large scale projects.
GRI
Report the percentage of senior 
management at significant locations of 
operation that are hired from the local 
community
90% - estimation, no reporting at 
this time
GRI
 
ESG Performance Data Table (con’t)

23 
ESG Report  2022
Social
4. Employee Wellness (con’t)
2022
Framework
Describe your employee 
benefit plan(s) and other 
retirement plan(s).
In keeping with our culture and our philosophy, HPS 
provides total rewards opportunities which compare 
favourably with the community, the industry and the 
markets we serve and which are administered under a 
sound and business like administration structure.  
•	  Further, it is the company’s objective to pay  
    each individual employee at a compensation     
    level which reflects performance of their  
    assigned responsibility.
•	  To ensure ongoing sustainability, we regularly    
    monitor our benefit plans ensuring we continue to  
    provide relevant and valued benefit offering for our   
    people that is market competitive and fiscally  
    responsible.
•	  Aligned with our values, ensuring the safety and  
    well-being of our employees, we ensure minimum  
    standard of benefit offering and care that ensures  
    employees maintain an adequate level of financial  
    support for both the employee or their family in times  
    where they are not able to do so.
 •	 At minimum, we will ensure all employees have    
    the following benefits available at all locations /   
    sites:
     °  Life Insurance at a rate of 1 x their base  
         annual wages
     °  Short Term Disability at a rate no less than  
         662/3% of regular wages/salary
     °  Long Term Disability at a rate no less than  
        50% of regular wages / salary
     °  Hospitalization at minimum ward coverage.
     °  A retirement vehicle that provides for a  
        pension above established poverty levels.
     °  An Employee & Family Assistance Program  
        (EFAP) that provides for counselling support in  
        times of crisis.
     °  All other benefit coverages will be aligned  
        with local market practices (health, dental, vision).
RT-EE-130a.1

24
Hammond Power Solutions
ESG Performance Data Table (con’t)
Social
4. Employee Wellness 
(con’t)
2022
Framework
Describe the employee 
contribution program  
•   Pension contributions 
•   Offering a Tax free savings account through  
    our pension partners (TFSA – Canada)
•   Offering our employees to take part in the  
    employee stock ownership plan (ESOP – Canada)
•   401K contributions (U.S.)
•   Provident fund contribution (India)
•   Retirement Funds Administration (Mexico)
GRI
Describe HR benefits and 
membership subsidies
HPS paid for designations that are required or enhance 
industry and role specific credentials of an employee 
including professional memberships
GRI
Describe the proactive mental 
health benefits
In 2022 two of our facilities had a psychological safety 
assessment done, in 2023 our remaining facilities will 
be completed.
•  Employee & Family Assistance Program (EFAP)  
    through Workplace Options
•  Certain wellness and mental health expenses  
    reimbursed through personal spending and health  
    reimbursement accounts 
GRI

25 
ESG Report  2022
Social
4. Employee Wellness 
(con’t)
2022
Framework
Describe the key elements 
of your approach to training 
and development of your 
workforce
Leadership development; skills training; compliance 
training (forklift, first aid, confined spaces, etc.); 
competency training.
We believe in continuous learning and have established 
an HPS Learning Centre for Professional and Personal 
Development for our employees as well as a Technical 
HPS Academy for our employees and customers.
The HPS Learning Centre provides leadership 
development tracks along with opportunities to 
enhance skills; ensuring compliance in topics such as 
forklift training, health and safety, first aid, confined 
spaces, etc.  In addition, training in competency and 
proficiency is provided to all employees.  For individuals 
pursuing professional certification, we provide 
reimbursement of professional dues and memberships 
as well as required courses to maintain professional 
accreditation.  For those interested in pursuing  
higher education, we also have a tuition  
reimbursement program.
GRI
Describe the types of 
employee training 
(e.g., health and safety 
training)
HPS mission, vision, values; Corporate Policies/ 
Standard Practice Instructions; Orientation & On 
boarding; Ethics & Compliance Training; H&S training; 
Leadership Development; Tuition Reimbursement; 
Quality training; Technical training; soft skills training
GRI

26
Hammond Power Solutions
ESG Performance Data Table (con’t)
Social
5. Stakeholder Engagement
2022
Framework
Number of communities in 
which HPS has operations 
(Number)
11
GRI
Percentage of communities 
in which HPS has provided 
financial support and / or 
volunteering time
85%
GRI
Number of employees that 
have volunteered  
81 volunteers, 491 volunteer hours
GRI

27 
ESG Report  2022
Social
6. Diversity
2022
Framework
Provide breakdown of 
workforce composition data 
by gender 
Female: 22.9%
Male: 76.39%
Other: 0.01%
GRI
Describe any Diversity and 
Inclusion policies and support 
Zero tolerance discrimination policy, diversity, equity 
and inclusion policy that outlines: 
•	 Promotion of diversity and inclusion within our teams
•	 The principle to seek, respect, value and leverage  
   diversity of thought and ideas
•	 Hold ourselves accountable to share in the  
   responsibility for inclusiveness
•	 Visibility of inclusiveness in management decisions  
   and behaviour
•	 That all of our relationships are based on mutual  
    respect and growth
•	 Respectful communication and cooperation among  
   all employees.
•	 Teamwork and employee participation, permitting  
    the representation of all groups and employee  
   perspectives.
•	 Employer and employee contributions to the  
   communities we serve to promote a greater  
   understanding and respect for diversity.
Accommodation statement on external job postings; 
and women in leadership positions are reported within 
our Management Information Circular.
GRI
Describe your strategies 
program and procedures 
aimed at providing 
employment opportunities to 
residents or nationals of host 
countries
We welcome and encourage applicants from our local
communities through local recruitment and job  
posting practices.
GRI
Describe how you promote 
workforce diversity and 
inclusion and  
non-discrimination
Workplace rules and disciplinary measures;  
workplace violence and harassment prevention 
program and compliance training; annual workforce 
demographics report.

28
Hammond Power Solutions
ESG Performance Data Table (con’t)
Governance
7. Good Governance
2022
Framework
Describe the processes and 
frequency by which the board 
and/or board committees 
(e.g., audit, risk, or other 
committees) are informed 
about ESG related issues.)
The Board is informed of certain ESG elements on a 
minimum quarterly or on an ad-hoc basis as required.  
The development of an ESG report will help to formalize 
communication to the board of a broader range of 
material ESG components.
GRI
Describe the Board structure 
including Committees, 
meeting frequency and 
independence
All board members are independent with the exception 
of Bill Hammond.  The board meets six times per year. 
The board committees consist of a Compensation and 
Human Resources Committee, an Audit Committee and 
a Governance Committee.  All chairs and vice-chairs 
are independent. The audit committee meets quarterly, 
the Compensation and HR committee meets annually, 
and the Governance committee meets three times per 
year.
GRI
Describe how your employees 
acknowledge governance 
policies (e.g., do employees 
have to sign off annually)?
Employees read and sign during their orientation (Code 
of Conduct)
GRI
Description of the 
management system for 
prevention of corruption and 
bribery throughout the value 
chain
• The management system in place includes
  monitoring questionable or improper payments, and
  prohibiting of any corruptive or behaviour of
  accepting or participating in bribery
• Signed contracts with internal audit of
  manufacturing locations

29 
ESG Report  2022
Governance
7. Good Governance (con’t)
2022
Framework
Percentage of employees that 
acknowledged: 
•   Code of Conduct  
   (Percentage)
•   Health & Safety Policy  
   (Percentage)
100%
GRI
Total amount of monetary 
losses as a result of legal 
proceedings associated with 
bribery or corruption
$0
RT-EE-510a.2
Total amount of monetary 
losses as a result of legal 
proceedings associated with 
anticompetitive behaviour 
regulations
$0
RT-EE-510a.2
Describe how this 
acknowledgement is done: 
(describe)
•   Do employees have to read  
   the policies, or just sign off?
•   Employees are required to read and acknowledge  
    applicable SPI’s related to their job (standard  
    practice instruction).
•   Employees read and ackowledge policies in multiple  
    formats that is appropriate for the nature of their  
    work upon onboarding or when a policy is amended  
    or a new policy is introduced.
GRI
Description of policies and 
practices for prevention of:
1.	 bribery and corruption in  
    the project bidding  
    processes
2.	 anti-competitive behaviour  
    in the project bidding  
   processes
•   In our company Code of Conduct there is no   
    tolerance for bribery public or private of any kind.  
    Any competitive information collected must be  
    done legally.
•   In our supplier code of conduct suppliers must abide  
    by all anti-corruption laws that prohibit all corrupt  
    acts to retain or obtain business.
RT-EE-510a.1

30
Hammond Power Solutions
ESG Performance Data Table (con’t)
Governance
7. Good Governance (con’t)
2022
Framework
Description of ESG oversight 
(ESG/HS&E Committee
Executive Team – oversees the corporate sustainability 
committee, approves budgets for necessary projects.
Corporate Sustainability Committee – this is a 
corporate based initiative with members from each 
business function to address needed sustainability 
measures and communication on each function’s 
sustainability goals.
Green Team – responsible for data entry and 
facilitating projects for increasing sustainability 
performance at each facility at local level based on 
trends seen in collected data.
Joint Health and Safety Committee (JHSC) – Many of
our facilities have JHSC’s in place comprised of worker 
and employer representatives that are committed to
improving health and safety conditions.
GRI
Description of Board 
Committees
Audit Committee
•  Internal control assurance
•  Oversee external audits and financial disclosures
•  Review Quarterly business and financial reports
•  Monitor Whistleblower reporting
Compensation and HR Committee
•  Develop compensation philosophy and policies
•  Oversight of Board and Executive Compensation
 Governance Committee
•  Corporate Governance procedures
•  Development of Work Plan
•  Board recruitment, renewal, and diversity
•  Board and Director evaluation
•  Review health and safety reporting  
•  Board education
GRI
Description of governance 
policies
Our Code of Conduct outlines that the way we do 
business must abide by the law, treat all stakeholders 
with respect
GRI

31 
ESG Report  2022
Governance
7. Good Governance (con’t)
2022
Framework
Description of Board 
procedures
The board develops an annual work plan and 
schedules meetings to accomplish the goals laid out 
for the year. Board meetings are conducted using 
formal procedures to ensure information is provided in 
timely way, relevant decisions made are recorded in the 
minutes, and that the Board’s time and skills are used 
as productively as possible.
GRI
Number of Independent 
Directors/Committee chairs
6
GRI
8. Supply Chain 
Management
2022
Framework
Describe how you ensure 
suppliers comply with legal 
standards and uphold ethical 
social and environmental 
standards
•  CMRT data collection from applicable  
   material suppliers
•  ISO compliance or equal
•  On-site supplier visits/tours
•  Signed contracts with the right to audit  
    manufacturing locations
GRI
Report the percentage of new 
suppliers that were screened 
using ESG criteria
Estimate: 15% -  tracking through CMRT 
GRI
Describe how you 
communicate your 
expectations to your suppliers
•  Directly in the terms and conditions on each  
   purchase order and supplier code of conduct
•  New contracts have ESG wording added  
   to the content
GRI
8. Supply Chain 
Management
2022
Framework
Number of recalls issued; 
total units recalled
0; 0
RT-EE-250a.1
Total amount of monetary 
losses as a result of legal 
proceedings associated with 
product safety
$0
RT-EE-250a.2

32
Hammond Power Solutions
Canada 
Hammond Power Solutions Inc.
Corporate Head Office
595 Southgate Drive
Guelph, Ontario  N1G 3W6
15 Industrial Road
Walkerton, Ontario  N0G 2V0
10 Tawse Place
Guelph, Ontario  N1H 6H9
Delta Transformers Inc.
795 Industriel Boul.
Granby, Quebec  J2G 9A1
3850 place de Java
Suite 200
Brossard, Québec J4Y 0C4
India 
Hammond Power Solutions  
Private Limited 
Plot No.6A, Phase-1, IDA Pashamylaram, 
Patancheru Mandal, Sangreddy District, 
Telangana, India 502307
Italy 
Hammond Power Solutions S.p.A.
Via Amedeo Avogadro 26
10121 Torino, Italy
at R & P Legal
Mexico 
Hammond Power Solutions S.A.  
de C.V. 
Ave. Avante #810
Parque Industrial Guadalupe
Guadalupe, Nuevo Leon, C.P. 67190
Monterrey, Mexico
Ave. Avante #900
Parque Industrial Guadalupe
Guadalupe, Nuevo Leon, C.P. 67190
Monterrey, Mexico
Mexico 
Hammond Power Solutions Latin 
America S. de R.L. de C.V.
Ave. Avante #840 
Parque Industrial Guadalupe 
Guadalupe, Nuevo León, México 
C.P. 67190 
 
United States 
Hammond Power Solutions, Inc.
1100 Lake Street
Baraboo, Wisconsin  53913
17715 Susana Road
Compton, California  90224
6550 Longley Lane, Suite 135
Reno, Nevada 89511
Mesta Electronics, Inc.
11020 Parker Drive, 
North Huntington, Pennsylvania 15642
HPS Offices, Manufacturing Facilities  
and Warehouse Locations

33 
ESG Report  2022
Corporate Officers and
Directors
William G. Hammond *
Chairman of the Board and
Chief Executive Officer
Richard C. Vollering
Corporate Secretary and  
Chief Financial Officer
Grant C. Robinson *+
Director
David J. FitzGibbon *+
Director
Dahra Granovsky *+
Director
Fred M. Jaques *+
Director
Anne Marie Turnbull *+
Director
David M. Wood *+
Director
*	Corporate Governance Committee 
+	Audit and Compensation Committee
Stock Exchange Listing
Toronto Stock Exchange (TSX)
Trading Symbol: HPS.A
Registrar and Transfer Agent
Computershare Investor Share  
    Services Inc.
100 University Avenue
Toronto, Ontario  
Canada M5J 2Y1
Auditors
KPMG LLP 
120 Victoria Street South,
Kitchener, ON N2G 0E1
 
 
 
 
Legal Representation
Dentons Canada LLP
77 King Street West, Suite 400
Toronto Dominion Centre
Toronto, Ontario  M5K 0A1 
 
Banking Institution
JP Morgan Chase
Bank N.A. 66 Wellington Street West,  
Suite 4500
Toronto, Ontario M5K 1E7 
Investor Relations
Contact:	 David Feick,  
Investor Relations
Phone:	
519.822.2441 x453
Email:	
ir@hammondpowersolutions.com
Corporate Information

H A M M O N D P O W E R S O L U T I O N S . C O M