2022 Sustainability Report

Moving andimproving
the world
WabtecCorp.com

Letter fromthe CEO

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Wabtec2022 Sustainability Report

This document contains forward-looking statements, which concern future circumstances and results and other statements that are not historical facts. Forward-looking statements
are sometimes identified by the words “believe,” “commit,” “continue,” “could,” “endeavor,” “estimate,” “expect,” “goals,” “may,” “potential,” “predict,” “seek,” “target,” “will,” or other similarwords or expressions. These forward-looking statements are based on current expectations and reflect assumptions about future market conditions, operations and results.
Accordingly, forward-looking statements are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Factors that could cause actual results todiffer materially from such plans, estimates or expectations include, among others, (1) Wabtec’s ability to implement its business plans, productivity improvements, and cost control
objectives, including with respect to strategic ESG initiatives and goals; (2) changes in the legal and regulatory environment, including environmental, health and safety regulations,and taxes and tariffs; (3) changes in general economic, political, and/or industry specific conditions, including increases in competition, changes in freight or passenger rail trafficand customer demand, advances in technology, and changes in governmental policies relating to ESG issues; (4) acquisition and investment-related risks, including risks associatedwith past acquisitions and our increased presence in emerging markets; (5) ability to attract, hire and retain key personnel in line with our strategic ESG priorities; (6) changes in the
expected timing of projects or initiatives related to our ESG goals; (7) increases in manufacturing and compliance costs, including additional costs related to the implementation of
ESG initiatives; (8) the effects and costs of actions by third parties, including government agencies; (9) changes in market consensus as to what attributes are required for a particular
project to be considered “green”, “environmentally friendly”, “social”, or “sustainable”; (10) negative perceptions among investors regarding the suitability of our determinations ofeligible green projects, dissatisfaction with our compliance with this Green Finance Framework or controversies involving the environmental, social or sustainability impact of ourbusiness or industry; (11) potential disruptions, instability, and volatility in global markets from the imposition of economic sanctions on Russia resulting from the invasion of Ukraine;(12) cybersecurity and data protection risks; and (13) other risk factors as detailed from time to time in Wabtec’s reports filed with the Securities and Exchange Commission (SEC),
including Wabtec’s annual report on Form 10-K and other filings made with the SEC.
The foregoing list of important factors is not exclusive. Any forward-looking statements speak only as of the date of this green finance framework. Wabtec does not undertake any
obligation to update any forward-looking statements, whether as a result of new information or developments, changes in the assumptions on which they were based, future events orotherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
Information in this document should not be considered as part of, and is not incorporated by reference into, any registration statement, prospectus, offering memorandum or otherfinancing related document.

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MOVING AND IMPROVING THE WORLD

Table of Contents
Letter from the CEO

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Sustainability Strategy

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Our Sustainability Strategy

Empowering People & Communities

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2021 Highlights
Employee Resource Groups

United Nations Global Compact

Commitment to Diversity, Equity & Inclusion
Best Places to Work

Prioritization and Management of ESG Issues

Workforce Diversity Training
Best Places to Work

Innovating with Purpose

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Caring for Our Communities: Ukraine Conflict

2021 Highlights
Commitment to Sustainable Products

Creating Safe Environments

Stories of Progress

Responsible Operations
2021 Highligts
Our Commitment to Climate Action
Our Approach to Energy and GHG Reduction
Water Reduction
Supplier Standards
Supplier Diversity

Accelerating Careers in India

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Setting Environmental, Health, andSafety Standards
Compliance Assurance
Risk Reduction
Learning & Development

Corporate Governance

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Environmental, Social, and Governance (ESG) Criteria
Risk Management Approach
Ethics and Compliance

ESG Data & Goals

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Progress Toward Wabtec Targets
Visit WabtecCorp.com/Sustainability to read stories
about how Wabtec is driving a more sustainable future.

Corporate GHG Inventory
Sustainability Accounting Standards Board Metrics

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2022 SUSTAINABILITY REPORT

Letter from Rafael Santana,President & CEO
At Wabtec, we create solutions that move and improve the world. Living
up to that challenge demands constant breakthroughs that facilitate theproductivity, growth, and efficiency needed to usher in a better and moresustainable future for all.

At Wabtec, we remaincommitted to be partof the solution andto slow the speed of
global climate change
by taking action within
our own operations
and bringing products
to market that drive
sustainable value forour customers.”
Rafael Santana
President & CEO

Our greatest strength at Wabtec has always been
our ability to continuously transform our company
to deliver game-changing innovations andsolutions to our customers and the world.
To do this the right way, we are committed to astrong environmental, social, and governanceframework that ensures not only our own longterm success, but also leads our industry andstakeholders to a cleaner, safer, and more inclusive
sustainable transportation future.
2021 was a strong but challenging year. Even as
we made great progress recovering from a global
pandemic, we faced continued economic andgeopolitical instability, supply chain disruptions,increased metal and commodity costs, labor
shortages, and serious climate volatility, coupled
by a rail industry just emerging from a multi-yearrecession. We are reminded that the world is filledwith complexity.
Yet, for us at Wabtec, the high stakes and necessityof our mission have never been clearer. And
we know that the path to a more sustainabletransportation future is a multi-pronged
acceleration of sustainable efforts across every
facet of the rail and industrial landscape.
We start with a simple premise. Rail is the cleanest,
most efficient, safest mode of moving both freightand people on land. Current trends point to freightand passenger rail activity more than doubling by
2050.1 If we can live up to our boldest aspirations,
we can help lead the world to a zero-emission rail
future – built on advanced battery electric andhydrogen solutions – that avoids over 300 million
tons of carbon dioxide (CO2) a year.
However, there is no single solution to bring abouta clean energy economy. What the world needsfrom us is the immediate deployment and scalingof the technologies that exist to improve energy
and operational efficiency, reduce emissions, andenhance safety, while we continue to push thebounds of sustainable innovation.
At Wabtec, we use our strengths to accelerate ourenvironmental, social, and corporate governance(ESG) actions to better serve our employees,
customers, communities and shareholders inmore sustainable ways. Moments of uncertainty
are opportunities to do things better. And, efficientinternal operations only get us so far. In the last two
years we have significantly stepped up investment
to increase the use of alternative, low-carbon
fuels and technologies for the freight and transit
sectors, while also developing transformative digitalsolutions and cutting-edge physical modernizations.
1International Energy Agency, “The Future of Rail: Opportunities for energy
and the environment”, 2019, www.iea.org/reports/the-future-of-rail

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Our FLXdrive™ battery electric technology – acritical step toward a zero-emission locomotive
future – emerged from successful pilot tests
in 2021 and is already seeing purchase orders
across the world, from Rio Tinto, Roy Hill, andUnion Pacific. This first-of-its kind technology
promises to significantly reduce fuel consumption
and greenhouse gas (GHG) emissions. And, thefurther adoption of our low-emitting USEPA Tier-4
locomotives continue to help reduce emissions forour customers.
To deliberately combat the undeniable realityof climate change, we apply the same ingenuity
to existing rail infrastructure, layered on withadvanced digital technologies. Through ourconstantly expanding suite of digital solutions,
we continue to get closer to our goal of a more
efficient and lower carbon rail system.
Another important dimension of our sustainability
efforts is ensuring that we support a circular
economy by extending the useful life of our
products and reducing waste in our operations. To
address this, we’ve made significant investments
in our remanufacturing and modernization
programs to reduce end-of-life material in our
products. These “modernized” locomotives
also have the parallel benefit of being more fuelefficient due to technology upgrades, resulting in

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fewer emissions. In 2021, we remanufactured our
1000th locomotive, and we continue to expand thiscapability to customers around the globe.
To drive change at the speed we need, we mustensure we hold ourselves accountable at alllevels within Wabtec. That’s why it is so criticalfor us to have transparent ESG reporting aligned
to established disclosure frameworks, such as
the Sustainability Accounting Standards Board(SASB). We also have our Scope 1 and 2 GHG
emissions and water consumption data verified
by a third party.
In addition, Wabtec recently joined the United
Nations (UN) Global Compact, agreeing with andabiding by the organization’s core principles. Ourparticipation in this initiative highlights how ourcompany values respect for human rights, upholds
fair, non-discriminatory labor practices, promotes
greater environmental responsibility, operates withintegrity, and works against corruption.
There is always more that we must do. From
improving our own energy and resource efficiency
to enhancing the retention and development of ourown people, we have plenty of room for continuous
improvement.
Demonstrating our commitment to constantly
evolve our ESG goals, we are aligning our GHG

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Wabtec2022 Sustainability Report2021

reduction strategy for our facilities and operations
with climate science. Specifically, we are
introducing a near-term absolute GHG reduction
goal to reduce our Scope 1 and 2 emissions by
50% by 2030, from a baseline of 2019. This target isaligned with the Paris Agreement goals of limiting
the effect of global warming to a 1.5°C rise in the
Earth’s average temperature. We will also disclose
our complete Scope 3 emissions in 2023 and in
2024 will set near-term targets that align with thegoals of the Paris Agreement for those Scope 3
categories that are material to Wabtec.
At Wabtec, we remain committed to be part ofthe solution and to slow the speed of global
climate change by taking action within our own
operations and bringing products to market thatdrive sustainable value for our customers. While
the journey to a fully decarbonized transportation
future will take time, I am confident in the strengthof Wabtec’s innovation, global scale, and, mostimportantly, our people. And, I know we will leadour industry forward, not by waiting for the future,but creating it.

Rafael Santana
President & CEO

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Sustainability
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SUSTAINABILITY STRATEGYOur Sustainability Strategy
OUR MISSIONSUSTAINABILITY VISIONSUSTAINABILITY PRINCIPLES

Performance that drives
progress. We createtransportation solutions
that move and improve
the world.

Wabtec is committed tosustainable value creation. Our
strategy is to contribute to abetter, more sustainable world
through our unique business
offerings, leading technologies,
and sustainable businesspractices. These help us capitalize
on market opportunities andreduce safety and environmental
risks, while creating value for ourcustomers, employees, and otherstakeholders.

Innovating with Purpose
We are committed to developing
responsible and sustainable productsthat minimize the impact on the planet.
Driving Responsible Operations
We are committed to providing safe work
environments and products that enableproductive and efficient use of resources.
Empowering People and Communities
We are committed to driving an inclusive
culture grounded in integrity, committed
to the development of and investmentin the communities where our teams live
and work.

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SUSTAINABILITY STRATEGY

Prioritization and Management of ESG Issues
Beginning in 2020, Wabtec formally prioritized
ESG issues through an ESG Materiality
Assessment.2 Our ESG Materiality Assessment
helped us identify the areas of our businesswhere we could enable the most meaningful
impact for our customers, communities, andthe world. Through this process, we developed
a comprehensive analysis of our enterprisestrategies; risks assessments and anticipatedfuture plans; Wabtec leadership insights; and theperspectives of our key stakeholders across thevalue chain (employees, customers, shareholders,
suppliers and business partners, industry
associations, and others). Focus areas were thenranked on the following criteria: likelihood of risks
and opportunities to materialize, potential impact
on Wabtec’s business, awareness level with ourbusiness stakeholders, and the degree to which
Wabtec can affect meaningful change.

Following our initial identification, the highest
priority issues were selected based on alignment
with key external ESG standards, frameworks,
and disclosures used by the Sustainability
Accounting Standards Board (SASB), theresource transformation sector, and the industrial
machinery and goods industry. Focus areas werealso prioritized against our stated commitments
to the UN SDGs and Wabtec’s overlapping 2030
Sustainability Goals.
“Materiality” refers to the list of sustainability topics, including
economic, social, and environmental issues, about which
Wabtec communicates because they have the highest relative
priority for our stakeholders in furtherance of Wabtec’s
sustainability goals. It should not be confused with materiality
for financial reporting or regulatory purposes.

2

Our 2021 ESG Materiality Assessment identified
the areas on the following page as having thehighest relative priority to Wabtec and external
stakeholders, aligned with our overall sustainability
strategy and action plans.
These focus areas establish key dimensions of
our sustainability strategy, and we hold ourselves
accountable to achieving quantifiable results
against each area. In 2021, we saw positive
momentum in our sustainability journey, andwe continue to analyze and update these topics
periodically as the ESG landscape and ourbusiness continues to evolve. We are committed todemonstrating responsiveness to our employees,
shareholders, and communities where we operate,
as we strive for continuous improvement.

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Sustainability
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Material Topic

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Definition

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Wabtec2022 Sustainability Report

2021 Results• 20% reduction in Greenhouse Gas Intensity
Greenhouse
Gas (GHG)
Emissions

Reducing GHG emissions across Wabtec’s value chain andhelping Wabtec partners across their value chain reduce GHG
emissions. This includes reducing major sources of indirectemissions during the procurement and processing of raw
materials, during manufacturing and the operation of our facilities,
and during product distribution and end use.

Energy &Renewables

Supporting policies and organizational partners that contributeto the renewable energy transition and the efficient use of natural
resources. Contributing to the success of the energy transition
by improving the energy efficiency of Wabtec’s products andoperations. Integrating renewables into Wabtec’s products andoperations and enabling the adoption of new and emerging
renewable energy and resource management solutions.

Innovation &Technology

Capitalizing on opportunities related to new productadvancements and innovations that include the adoptionof emerging technology to help address key societal andtransportation sector challenges. Developing a resilient businessmodel capable of meeting societal expectations for continuous
improvement.

Business
Ethics& Compliance

Upholding ethics and integrity in Wabtec’s business by ensuringtransparency in financial practices. Complying with applicablenational and local laws and regulations by promoting practices
and policies that encourage reporting instances of noncompliance and by implementing corrective actions that prevent
recurrence. Preventing bribery, corruption, and anti-competitive
behavior. Promoting ethics and compliance throughout Wabtec’svalue chain, especially among suppliers.

Data Privacy &Cybersecurity

Investing in cybersecurity measures and adapting to businessrisks presented by technology and digitization. Protecting
Wabtec’s proprietary information and intellectual property.
Ensuring the responsible management and use of data, including
data from customers, employees, and suppliers. Protecting datacollected by Wabtec products.

• Innovating with
Purpose• Driving Responsible
Operations• Innovating with
Purpose• Driving Responsible
Operations(tons/$millions in sales) vs. 2019 baseline• 23,000+ Wabtec locomotives globally traveled over 1.8
billion miles and helped our end-customers eliminate
over 138 million metric tons of GHG emissions bychoosing rail over truck transportation. That’s theequivalent of removing over 30 million cars from theroads or planting 160 million acres of trees• 14% reduction on energy intensity (MJ/$sales) from 2019
• Generated 1,233,000 kWh of electricity through on-site
solar installations• 22.3% of revenue from eco-efficient product portfolio• Innovating with
Purpose• Empowering People
and Communities(an increase from our 2019 baseline of 20%)

• Exceeded our goal of 25,000 parts produced by 3D
printers by 2025 (ahead of schedule)• Successfully piloted the FLXdrive™, our battery electric
locomotive, achieving more than 11% fuel savings foran entire train• Audited approximately 20% suppliers in high-risk• Driving Responsible
Operations• Empowering People
and Communities• Innovating with
Purposecountries, with suppliers implementing corrective
actions• 10 cases per 1,000 employees investigated throughSpeak Up, Wabtec!, our confidential program for
employees to identify potential policy or complianceissues (12 cases per 1,000 is a benchmark from Navex,
our third-party administrator). Corrective action taken
for all confirmed allegations• Continuing to evaluate risks presented by emerging
technology and adopt measures to help protect
Wabtec systems and data belonging to Wabtec,
customers, employees and suppliers

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SUSTAINABILITY STRATEGY

United Nations Global Compact
Wabtec recently joined the United Nations (UN) Global Compact,which is an initiative that promotes universal sustainability principles.
With participation in this program, we demonstrate
our existing and ongoing commitment to thesevalues, as evidenced by our corporate policies
and goals. Wabtec will continue to include the UN

Global Compact principles as part of our strategy,
culture, and operations and engage in collaborative
projects that advance the UN Sustainable
Development Goals.

UN Global Compact 10 Principles
HUMAN RIGHTS

How the Ten Principles and SDGs Relate

1.Businesses should support and respect theprotection of internationally proclaimed humanrights; and2.make sure that they are not complicit in humanrights abuses.

LABOR

3. Businesses should uphold the freedom of
association and the effective recognition of
the right to collective bargaining;
4. the elimination of all forms of forced andcompulsory labor;
5. the effective abolition of child labor; and6. the elimination of discrimination in respectof employment and occupation.

ENVIRONMENT

7.Businesses should support a precautionary
approach to environmental challenges;
8. undertake initiatives to promote greater
environmental responsibility; and9.encourage the development and diffusion ofenvironmentally friendly technologies.

ANTI-CORRUPTION

10. Businesses should work against corruption in
all its forms, including extortion and bribery.

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INNOVATING WITH PURPOSE

2021 Highlights
In 2021, our fleet of 23,000+ locomotives globally
traveled over 1.8 billion miles and helped our endcustomers eliminate over 138 million metric tonsof GHG emissions by choosing rail over truck
transportation. That’s the equivalent of removing over
30 million cars from the roads or planting 160 million
acres of trees.
Celebrated the 1000th Wabtec remanufactured
locomotive at plants in Pennsylvania, Texas, and Brazil,
breathing new life into old trains .
Partnered with key customers such as Union Pacific and
BNSF on biofuels testing and piloting our FLXdrive™
battery-electric locomotive.

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INNOVATING WITH PURPOSE

Commitment to Sustainable Products
For over 150 years, Wabtec has looked for ways tomake a positive impact on people and the planet.
At the heart of this mission is a desire to accelerate
our efforts across all areas of ESG to better serve
our employees, customers, communities, andshareholders in more sustainable ways. Ensuring
we’re constantly pushing ourselves to create evenmore sustainable products and services, across ourentire portfolio, is a huge priority.
We are committed to developing responsible
and sustainable products that reduce our impact
on the planet. In 2021, roughly 22% of Wabtec’s
net sales were derived from the company’s ecofriendly product portfolio. We continue to invest ininnovation with ~6-7% technology spend per year
(as a % of sales).
In line with the UN SDGs, and in support of theclean energy transition, we’re leading the drive
toward a more utilized, efficient, and low-carbon
rail network. This includes applying digitaltechnologies to optimize the rail network, deliveringa rail ecosystem that uses less fuel and generates
fewer emissions, utilizing alternate fuel sources
for freight locomotives, and continuing to meet thesustainable transportation needs of growing cities
around the world through our Shift to Green efforts.
Our FLXDriveTM battery-electric locomotive will
enable emission reductions for our customers.
Our partnerships studying the impact of biodiesel
and renewable diesel will allow increased adoptionof these sustainable fuels. We have introduced
Green Air refrigerant to help lower the GHG impactof HVAC systems. Our transit braking products
produce much lower particulate matter and thesystems are designed to be 95% recyclable. And
our digital solutions provide optimization that can
reduce energy consumption and enable increased
capacity, allowing more freight to shift fromtrucking to lower-impact rail.
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INNOVATING WITH PURPOSE

Stories of Progress
FLXdrive™
Our next-generation equipment and digitalsolutions to increase fuel efficiency and decrease
emissions are the centerpiece of our efforts.
Alternative clean energy technologies are crucial
in the fight to reduce GHG emissions. Wabtec is
helping customers reduce their carbon footprints
through the development of low-emitting
locomotives like our Tier 4 and battery-electric
locomotives and our FLXdrive™. Throughout thepilot in 2021, FLXdrive™ successfully reduced
overall fuel consumption by more than 11% acrossthe train consist. This is equivalent to more than
6,200 gallons of fuel saved and approximately 65
metric tons of CO2 emissions reduced.
And the FLXdrive™ is already poised to help
railways around the world reduce GHG emissions.
In January 2021, Wabtec and Rio Tinto announced
the purchase of four FLXdrive™ battery-powered
locomotives, to support sustainable mining

operations in the Pilbara region of Western
Australia to help contribute to Rio Tinto’splanned 50% reduction in Scope 1 and 2 GHG
emissions by 2030. The FLXdrive™ batteryelectric locomotives are anticipated to reduce thecompany’s fuel costs and emissions in double
digit percentages per train.
Additional FLXdrive™ customers include Roy Hill,
which is upgrading their current fleet with thepurchase of Wabtec’s newest, 7 megawatt-hour(MWh) FLXdrive™ battery-electric locomotive
to assist in their mission to bring more efficientsolutions to the mining and rail industries inAustralia. And at the end of 2021, CN (Canadian
National), Wabtec, and Pennsylvania’s
Department of Environmental Protection
partnered to bring the FLXdrive™ locomotive toCN’s railway, as part of a plan to accelerate North
America’s most efficient railways toward a low- to
zero-emission locomotive future.

In January, 2022, Union Pacific announced
the purchase of 10 FLXdrive™ battery-electric
shunter locomotives from Wabtec, which marks
the largest investment in battery technology by
a North American railroad. The approximately
2.7-MWh locomotives are each powered solely
by 7,300 battery cells, providing Union Pacificwith a zero-emission solution for its yard
operations. The 10 FLXdrives™ will enable therailroad to eliminate over 4,000 metric tons of
CO2 emissions annually from its rail yards, theequivalent of removing over 800 cars from thehighway each year. The new locomotives will be
manufactured in the U.S. with the first units being
delivered to Union Pacific within the next year.

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Leading in Alternative Fuels
In addition to investing in advanced technologies
like battery-electric locomotives, we are helping
our customers explore low-carbon fuels fortheir existing assets. Alternative clean energy
technologies and the use of alternative fuels likebiodiesel, renewable diesel, and hydrogen are
critical levers to reduce environmental impact.
Biofuels are domestically produced, clean-burning,
renewable substitutes for petroleum diesel.
Wabtec is partnering with Union Pacific Railroad
to use a higher biodiesel blend in Wabtec
locomotives used by the railroad. This new
collaboration will play a large role in Union
Pacific’s aims to increase the percentage of lowcarbon fuels consumed to 10% of its total diesel
consumption by 2025 and 20% by 2030. This ispart of a larger effort to help Union Pacific meetits science-based target to reduce GHG emissions
26% by 2030 and reach its ultimate goal of net-zeroemissions by 2050. In the second quarter of 2022,

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Union Pacific began testing B20 biodiesel and R80
renewable diesel on trains powered by Wabtec
FDL engines operating in California. As testing
progresses, we anticipate that higher percentagesof biofuels will be used.
We also partnered with BNSF Railway on a new
biofuel project aimed at quantifying the impactof alternative fuels on emissions, durability, andperformance in Wabtec locomotives. The project
started in 2022 and is intended to demonstrate
the performance of biodiesel (B20) and renewablediesel (R80) in revenue service on Wabtec Tier
3 and Tier 4 Evolution Series locomotives in
California between Barstow and Los Angeles.

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New Locomotive Model Introduced in Brazil
At Wabtec, our climate strategy is based ona pragmatic and multi-faceted approach to
reducing our impact on the world’s climate.
This includes developing advanced low-carbon
freight and transit technologies. To build amore sustainable future, every step of thedecarbonization journey counts.
As part of this effort, in early 2022, we proudly
announced the introduction of a new Wabtec
diesel-electric locomotive model to Brazil’s freightrail market. Culminating an eight-year partnershipwith operators, the new ES44ACi locomotives–supplied to major networks like Suzano, MRS, andRumo–will help improve Brazil’s heavy-haul rail
network and drive sustainability. The new ES44ACi
locomotives will provide greater energy efficiency
and lower emissions compared to predecessors,
while simultaneously lowering operating costs
over the locomotive’s lifecycle.

BNSF is pleased to partner with Wabtec to test higher
percentage blends of biodiesel and renewable diesel.
Rail is already the most carbon-efficient mode ofland freight transport, and the use of these lower
carbon fuels is another means for BNSF to reduce its
emissions and help meet its carbon reduction goal.
Wabtec continues to be a good innovation partner
for us – last year, we piloted the first battery-electric
freight locomotive in North America.”
John Lovenburg
Vice President, Environment & Sustainability, BNSF
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Remanufacturing
Wabtec aims to support the circular economy
by keeping our products in circulation throughprocesses that reduce waste, extend the lifeof equipment, and increase fuel efficiency
driving emissions reductions and cost savingsfor our customers.
To chart a path to a more sustainable transportation
future, Wabtec is helping customers get the mostout of their existing locomotives, railcars, andinfrastructure investments. While transformative
new innovations are critical, optimizing existing
resources is how you scale your impact.
Remanufacturing efforts help extend the useful lifeof our products to enhance resource efficiency. To
do so, Wabtec formulates processes that reduce
waste, extend the life of equipment, increase fuelefficiency and customer savings, and result inemissions reductions. Our focus lies on returning
end-of-life components, engines, and freight andpassenger locomotives to same-as-new condition.

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Today, remanufacturing annually brings
approximately 333 million pounds of end-of-lifematerial back to global remanufacturing facilities.
With 79% being reused or remanufactured and
20% being recycled, that leaves less than one
percent waste. When Wabtec takes apart trains formodernization purposes, 50% of the steel in each
locomotive is reused in one form or another during
the remanufacturing process. In fact, since 2015,
Wabtec’s three manufacturing facilities focusedon modernizations have reused more than 100,000
tons of steel in the remanufacturing process.

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50%of the steel ineach locomotive isreused during theremanufacturing

Another important dimension of our locomotive
modernization program is GHG emissions
reductions achieved by bringing new life to aging
locomotives. Modernizations could lead to morethan a 15% improvement in fuel efficiency, whileproviding more than a 40% increase in reliability, an
increase in haulage ability greater than 50%, and areduction in maintenance and repair expenses.

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Leading in Modernizations
In August 2021, we completed our 1,000th
remanufactured locomotive at plants in Fort Worth,
Texas, Erie, Pennsylvania, and Contagem, Brazil
since the modernization program began in 2015.
The milestone unit went to Norfolk Southern,
who has received more than 500 remanufactured
locomotives from Wabtec. These 1990s-vintage
4,000hp locomotives are rebuilt into 4,400hp A.C.
traction units.

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The modernized locomotives will benefit from
improved performance and increased reliability
with new features including an upgraded engine,new electrical cabinets, a new design highefficiency radiator and radiator cab, an upgraded
control system to remove obsolescence, and A.C.
traction with individual axle control.

When the units have been remanufactured, A.C.
traction, improvements in truck design, and new
standardized control systems allow Norfolk
Southern to carry out trips using two rebuilt units
when it would have required three older models toachieve the same task.
While U.S. modernizations are a vital aspectof our decarbonization efforts, sustainability
efforts demand global action. In June of 2022, werecently announced an agreement to modernize
locomotives for Fortescue Metals Group, which
is our very first delivery of Wabtec’s modernizedlocomotives for an Australian customer.

Modernizations can lead to>15% improved fuel efficiency>40% increase in reliability>50% increase in haulage ability
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Digital Solutions
While the global rail industry is the most costeffective and energy-efficient mode of transport,
there is still much more we can do to improve fuelefficiency and reduce emissions. This becomes
imperative when passenger and freight demands
are expected to more than double by 2050.
Our global rail system and logistics network is
an incredibly complex system, that functions
across many different nodes working in harmony
to move goods and people to safely, efficiently,
and sustainably. The path forward must be
through greater connection of the physical anddigital rail logistic network, to create a more
automated system.
At Wabtec, we have a suite of digital technologies
and solutions that are helping us make great
strides toward optimizing the rail network and train
performance. Our Trip Optimizer™ smart cruise

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control system, which can be added to existing
locomotives, helps improve fuel usage and reduces
emissions. It is currently installed on 11,000
locomotives globally, saving more than 350 million
gallons of diesel annually. The current rate of fuelsavings translates to a reduction in CO2 equivalent(CO2e) emissions by more than 3.5 million metrictons per year, the equivalent of taking more than
750,000 cars off the road for a year.
In 2021, we enhanced and expanded the reach of
Trip Optimizer™ and other technologies designed
to create a safer and more efficient freight rail
network. Our LOCOTROL® Distributed Power
System helps increase throughput and reduce
operating costs on longer and heavier trains.
Positive Train Control (PTC), now on every mainline locomotive in the U.S., is a foundational
technology for delivering a safer, more utilized,
and automated rail network. Our network
solutions, from Movement Planner to PrecisionCorporate
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Dispatch, help railroads handle the complexityof busy rail networks, using movement planningand automation to improve network velocity andreduce dwell time.
Brought together, these digital solutions can
all help our customers achieve significant fuelsavings and carbon reductions. Wabtec’s portfolio
of digital products enable an increase in rail
capacity as well, allowing additional freight tomove more efficiently by rail versus truck. In theUS, rail capacity could increase by 50% without
laying additional track.
Now that we have developed establishedplatforms, we are beginning to digitally connect
these pillar technologies to help our customers
achieve their goals for increased productivity,
efficiency, capacity, utilization, and safety, which
provide critical levers in our mission to reduce
GHG emissions.

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Founding Member of ERJUIn 2021, Wabtec officially joined Europe’s Rail
Joint Undertaking (ERJU) as a founding member.
A follow-up to the Shift2Rail initiative, ERJU isa partnership between Europe’s major railway
stakeholders that aims to create a more modern
and sustainable European railway system.
The EU recently decided to provide funding topartnerships to speed up the transition towards agreen, climate neutral, and digital Europe acrossall sectors. This is an investment that the industrial
and economic partners in various sectors will
match or exceed. This combined contribution is

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expected to mobilize additional investments, andcreate long-term positive impact on employment,
the environment, and society.
ERJU will invest €1.2 billion in six flagship areasof the rail industry, including: autonomous trains,improved network management, and freightdevelopment. Our vision is that this partnershipwill accelerate the development and deployment
of innovative technologies, especially those related
to digital and automation. This investment could
ultimately lead to a radical transformation of therail system and the actualization of the European
Green Deal objectives.

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This is an importantmilestone for the entire
European railway
ecosystem and all Wabtec
teams are proud to be partof this program. Wabtec
has a strong presence inEurope, with nearly 9000
employees. We file patents
and develop high-tech
products every day here.
As such we believe that we
can help the attractivenessof rail in Europe andcontribute to the European
target of CO2 emission
reduction.”
Paolo PaglieroGroup Vice President, Engineering,
Wabtec Transit

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Transit Solutions
Addressing climate change demands finding
ways to make passenger transit more sustainable
and efficient. The transportation sector today
accounts for a significant portion of the world’s
carbon emissions, meaning enhanced efforts
here are critical to climate progress. Passenger
transit by rail is safer and more efficient thantravel by car, so should be embraced as a criticalsolution to move our growing population andreduce GHG emissions.
Wabtec is uniquely positioned to provide
sustainable solutions, with one of the world’s
largest portfolios of sustainable products forpassenger rail transportation. Operating across
15 separate product lines–including brakes,
doors, air conditioning, couplers, and passenger
information systems–each of these technologies
and products help generate significant savings fortransit authorities, while pushing systems toward
a more sustainable future. Our suite of solutions
helps transit operators around the world not only
reduce their carbon footprint, but also reduce
pollutants and drive greater energy efficiency.
2021 saw our Transit team at Wabtec leading atransformation across the segment, improving
project execution, productivity, and cost actions
around the globe. In partnership with Île-deFrance Mobilités and Régie Autonome desTransports Parisiens, which operates both theParis metro and suburban line, we worked todevelop Green Friction Materials, which can
reduce particulate emissions from braking by
up to 90%. After an initial pilot, 2021 saw the
deployment of two trains with low-emissions
brake linings that will operate on one of Europe’s
busiest lines.

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Wabtec2022 Sustainability Report

We also continued to see progress with theadaptation of our new brake control products,
Metroflexx and Regioflexx, which help reduceweight on trains to improve performance and lower
emissions. These products are designed to be up
to 95% recyclable after the end of their useful life.
Green Air refrigerant, which provides a much lower
global warming potential compared to traditional
refrigerants, is another sustainable productreceiving strong interest from the transit market.
Today, 30% of the world’s transit fleet is 30 years
or older and 50% of trains in operation are morethan 20 years old. Similar to our approach tofreight rail locomotive modernization, we arecommitted to bringing our new technologies andsolutions to help improve existing passenger rail
infrastructure.
We are pushing for the next frontier ofsustainability by building on our market-leading
strengths in charging and electrification
capabilities to bring sustainable solutions to
the passenger transit landscape. Applying ouradvanced pantograph and power collection
capabilities to other modes of transport, we
enable ferries and shore power solutions tooperate without the use of diesel engines.

Metroflexx and Regioflexx are
recyclable after the end of their%useful life of up to95

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Partnership with Deutsche Bahn
In May of 2022, Wabtec and Deutsche Bahn
(DB) signed an agreement to optimize themaintenance and operation of Wabtec equipment
on board DB trains. This agreement builds upon
our longstanding partnership and helps bothcompanies drive meaningful progress against our
respective sustainable transportation goals.
Together, we have established a joint Steering
Committee for various projects that will enhance
the lifecycle of Wabtec equipment installed on DB
trains. The committee will mainly focus on door
systems, HVAC, and brakes. The collaboration
extends to the entire development cycle including
design, testing, and implementation of productimprovements. We also plan on leveraging
the partnership to pilot future cutting-edge
technologies.

By combining our expertise, data, and people, wewill significantly extend the lifespan of Wabtec
equipment on board Deutsche Bahn trains. The
innovations that arise from this collaboration will
advance a sustainable future for Deutsche Bahn
and the transit industry as a whole.”
Lilian Leroux
President, Wabtec Transit

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Driving
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Wabtec2022 Sustainability ReportRESPONSIBLE OPERATIONS

2021 Highlights
At Wabtec, we think of sustainability in aholistic way. While our ultimate goal is tolead the way on creating a zero-emissions
rail future, we are deeply invested in creating
positive impact across our operations, fromreducing waste generation to increasing water
use efficiency to developing a sustainable andresilient infrastructure that supports economic
development and human well-being.

ADDRESSING CLIMATE CHANGE
43.6

metric tons/$million net
sales

2019

35.0

metric tons/$million net
sales
2021

20 CO2e/$million net sales%

greenhouse gas emissions intensity
Scope 1 and 2 GHG emissions only.
Reductions normalized per annual net sales.

0.58

MJ/$
net sales

2019

0.50

MJ/$
net sales

2021

14% Megajoules/$ net sales
energy intensity

Reductions normalized per annual net sales.

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Wabtec2022 Sustainability ReportRESPONSIBLE OPERATIONSOur Commitment to Climate
We recognize the importance of slowing global warming by limiting the Earth’s
temperature increase to less than 1.5°C. We are setting a new, absolute GHG
goal to reduce our Scope 1 and 2 emissions by 50% by 2030, as compared toour 2019 baseline. By aligning Wabtec’s near-term GHG emissions reduction
goal with climate science and the Paris Agreement, we are demonstrating ourcommitment to continuous improvement along our ESG journey.
Climate change is an urgent global priority,and Wabtec is committed to driving innovationand technology to accelerate the world’s clean
energy transition. This includes taking strong
actions internally and leading by example toreduce our own environmental footprint, reduce
GHG emissions, improve energy and resource
efficiency, and protect water-scarce areas. These
actions are part of the Company’s long-standing
commitment to environmental stewardship.
In 2021, we made excellent progress toward ouroperational GHG and energy targets, achieving
a 20% reduction in GHG intensity and a 14%
reduction in energy intensity since 2019. But, weare not content to rest on that accomplishment. In
this Report, we are introducing an absolute GHG
goal that is aligned with climate science and theParis Agreement’s ambition to limit the effectof global warming to an average temperature
increase of 1.5°C.3 Our new goal is a 50% absolute
reduction in Scope 1 and 2 emissions by 2030,
from a baseline year of 2019. In next our next

Sustainability Report, we plan to begin reportingon our progress towards that goal, whichmeasures absolute GHG using a market-basedvalue for Scope 2. The new target will replace ourexisting GHG and energy intensity goals.
Understanding the impact of Wabtec’s entire
value chain is important as well. In 2022, we
worked with S&P Global to conduct our firstassessment of Scope 3 GHG emissions acrossall 15 measurable categories. The purpose ofthis initial assessment was to identify gaps
in data availability and to determine the mostappropriate methodologies for the GHG emissions
estimates within each of the categories. We
are in the process of addressing the gaps indata, refining the analysis, and improving themethodologies. Similar to our approach to Scope
1 and 2 emissions, we strive to ensure that our
GHG emissions data and goals are meaningful,measurable, and verifiable, reflecting the carbon
footprint of our true value chain. We will disclose
our complete Scope 3 emissions in 2023 andin 2024 plan to set targets that align with thegoals of the Paris Agreement for those Scope 3
categories that are material to Wabtec.

365

thousandmetric tons
CO2e

182

thousandmetric tons
CO2e

2019

2030

50 Target for absolute
GHG emissions%

This goal was developed with support from S&P Global and represents an absolute
reduction of more than 4.2% per year compared to the baseline year 2019.

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Wabtec2022 Sustainability ReportRESPONSIBLE OPERATIONSOur Approach to Energy and GHG Reduction
Climate change is an urgent global priority, and Wabtec is committed to driving
innovation and technology to accelerate the world’s clean energy transition.
In order to drive action toward our climate
metrics, we focus on reducing energy
consumption in our operations first. Our approachis tailored toward the type and size of operation.
For smaller facilities, best practice guidelines areprovided around energy conservation. Sites canuse these checklists to identify and implement
actions with a priority to eliminate energy usage(such as turning off equipment). And when energy
use cannot be eliminated, the actions are focusedon using energy efficiently.
At larger Wabtec manufacturing sites, we conduct
third-party energy audits, as well as treasurehunts—lean workouts (kaizens), focused on
eliminating energy waste. These kaizens areundertaken with the lean manufacturing principleof “use only what you need when you need it.”
Teams of site employees from different functions
get together to identify wasted energy, coming
up with unique ways to only use the energy weneed for our manufacturing operations. Solutions
range from adding automatic shut-off controls toprocess equipment to providing a properly sized,
efficient energy infrastructure such as an air
compressor with the power matched to the actualload requirement.
A great example of this effort in action is at
our locomotive manufacturing plant in Erie,Pennsylvania. A large, centralized boiler provides
steam for both comfort heating and some limited
process uses. In the summer months, comfort
heating is not required, so a plan was developedand implemented to shut down the system whenno process usage is required, such as duringholidays and some weekends. In addition, it isinefficient to operate the centralized steam system
for the small amount of process usage during
those warmer months, so the site team evaluatedalternative process heating systems and otherprocess changes to avoid centralized steam
usage. These solutions have been funded for
implementation and will allow for the large boilers
to be shut down for the summer months, saving
more than 7,500 metric tons of CO2e each year.

Some of our Wabtec facilities have taken an extra
step by implementing a more structured approachto energy conservation and becoming certified to
the International Organization for Standardization(ISO) energy management standard, ISO 50001.
Following this framework requires the site to havean energy efficiency policy, commitment fromsite leadership, and a site team that uses data
to measure progress, regularly reviewing andworking on continuous improvement. We have six
facilities currently certified, and we are planningto expand to additional locations in the future.

Witten, Recklinghausen,
and Leipzig, Germany
Camisano, Italy

Hosur and Baddi,
India

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Water Reduction
Our target for water usage in Wabtec operations
is a 30% reduction in consumption by 2030 froma 2019 baseline. The sites included in this goal
are those in water scarce regions, quantified by
the World Resources Institute’s Aqueduct tool as“High” or “Extremely High” regarding the physicalrisk of water stress. In 2021, we had aslight (0.8%) reduction in water consumption atthese facilities. While we implemented somewater reuse projects, such as at our facility in
Hosur, India, further progress toward our watertarget will require additional effort around water
optimization. This will be a focus area in the next
few years.

RESPONSIBLE OPERATIONS

Supplier Standards
As a leading global provider of equipment, systems, digitalsolutions, and value-added services across freight rail, transit,
mining, industrial, and marine sectors, we are committed tousing our scale to ensure we’re acting responsibly globally.
This includes ensuring that we responsibly source the raw
materials, parts, and components we use for our products.
At Wabtec, we are guided by our Supplier Codeof Conduct, which ensures that we take asustainable approach to procurement, including
the sourcing of our raw materials, parts, andcomponents. We work with over 40,000 direct
and indirect suppliers and contractors acrossthe globe, all held to the same rigorous set ofenvironmental, health, safety, labor, humanrights, security, and privacy standards. We also
are committed to reducing major sources ofindirect greenhouse gas emissions during the
procurement and processing of raw materials we
use across our entire business.
Another element of our sustainability strategy
is our investment in eco-efficient and circular
economy-adapted products, production
technologies, and processes. We are particularly
proud of our robust remanufacturing program,which sees 50% of steel from each locomotive
being reused during the modernization process.
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Supplier Diversity
Working with more than 40,000 direct andindirect suppliers around the globe has given us
an incredible opportunity to live by our values
and commitment to diversity. This includes the
chance to partner with businesses owned byminorities, women, veterans, members of the
LGBTQ+ community, and disabled persons, aswell as small-business enterprises. In 2023, weare implementing a new supplier management
application to achieve greater visibility globally for
all our business groups and to enable an increase
in representation of these diverse suppliers.

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Wabtec2022 Sustainability Report

Our culture is based on a celebration of diversity
and meritocracy, underscored by a strong senseof integrity–traits that often go hand-in-hand.
That means we never compromise our standards,
and every supplier we work with has been
selected due to the high-quality products andservices they offer.
While we are proud of our wide array of diverse
suppliers, there is more we can do to be evenmore inclusive. We continue to actively focus
on increasing supplier diversity within our
procurement teams, including considering how
sourcing the next generation of technology canfurther our efforts.

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EMPOWERING PEOPLE AND COMMUNITIES

2021 Highlights

International Women’s Day #ChooseToChallenge
Celebration featured a variety of keynote speakers
and global programs. The events focused on
powerful conversations about accelerating gender
parity, and to commemorate the cultural, andsocioeconomic achievements of women.
PRIDE month hosted by the PRIDE ERG featured
guest speaker Una Nowling, who spoke about
Crossing the Gender Divide in STEM: Insight andexperience from a Transgender Engineer. This
discussion shared findings and personal stories fromher journey across the gender divide in STEM.
Black History month, hosted by the African Heritage
Forum ERG, facilitated transparent discussions
regarding race relations, COVID, and the power of thevote to empower communities.
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EMPOWERING PEOPLE AND COMMUNITIESCommitment to Diversity, Equity & Inclusion (DE&I)
Our global employees are the bedrock of our success. We are committed to creating a diverse and inclusive
workforce built on the foundation that all employees treat each other with respect and dignity, and thateveryone feels safe bringing their authentic selves to work every day.
To tackle the world’s greatest transportation
challenges, one thing is certain: our continued
success is only possible when our employees
bring together the diversity of their backgrounds,
perspectives, experiences, and cultures todevelop truly innovative solutions and reflect
the incredible diversity of customers andstakeholders we serve around the globe.
Ensuring this happens demands effective andcommitted leadership. In 2020, we launched our
executive-led Diversity and Inclusion Council tooversee global diversity and inclusion policies
and initiatives, with a focus on increasing therepresentation of women globally and of peopleof color in the U.S. Our Board of Directors is also
a key partner in helping prioritize, support, andinvest in diversity, inclusion, and equity efforts.
In 2022, we are excited to have created theposition of Global Diversity & Inclusion Leader.
This role represents our commitment topromoting diversity and fostering an inclusive
workplace that attracts, develops, and retains
diverse talent. The experienced leader filling
this position will create the foundation forsustainable progress.
At Wabtec, we know that transforming ourcompany requires embracing a culture ofaccountability and continuous improvement. A
key component of that is transparently measuring
our progress against our biggest DE&I targets andregularly sharing this information with our internaland external stakeholders.
In 2021, while we saw progress towards manyof our core 2030 targets, macro trends in theworkplace during the last two years of COVID-19
presented challenges as well. Despite thosechallenges, our focus on accountability andcommunity has started to produce results. There
are some areas where we plan to place greater
focus over the next few years, including Peopleof Color in the U.S. Our intention is to make
impactful and sustainable changes, throughour recruiting processes, diversity and inclusion
training, and cultural programs.
2019
Baseline

2021

2030
Goal

People of Color AcrossTotal U.S. Workforce

25.5%

23.8%

30%

People of Color Across
U.S. Salaried Workforce

19.4%

19.6%

25%

Females Across Global
Workforce

15.7%

16.7%

20%

Females AcrossSalaried Workforce

17.8%

19.0%

25%

DEI Focus Area

The data shared in this chart is representative of Wabtec’s workforce as ofDecember 31, 2021. All percentages have been rounded to the nearest tenth.

Workforce Diversity Training
Creating a true culture of inclusion is one of ourbiggest priorities. Training and education are at
the heart of these efforts, which is why we invest
so heavily in diversity training for all employees,
including specialized training for our people leaders.
Building on the strength of our partnership with
MindGym, a leading psychology-based training
and development company, we’ve continued torefine our company-wide DE&I training by focusing
on behaviors that lead to inclusivity. This training
was coupled with tools and resources for leaders
at Wabtec to help make diversity and inclusion alasting conversation. And we’ve seen widespread
adoption of this program across our company
with more than 5,000 salaried Wabtec employees
participating in this training globally, a 17%
increase since our 2021 Sustainability Report.
Wabtec recently celebrated our
second year in a row of being
recognized on the Human Rights
Campaign Foundation’s 2022
Corporate Equality Index (CEI),
the foremost benchmarking
survey and report measuringcorporate policies and practices
related to LGBTQ+ workplace
equality in the U.S. The fullreport is available online at www.
hrc.org/cei.

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EMPOWERING PEOPLE AND COMMUNITIESEmployee Resource Groups
At Wabtec, we create leading-edge transportation solutions that move and improve the world. Diversity
and inclusion are key pillars in our ability to deliver on this mission and change the face of our industry.
With the help and leadership of our seven global
Employee Resource Groups (ERGs) that are led
and managed by Wabtec employees, we are
fostering a workplace where employees treat
each other with respect and dignity, diverse
perspectives are sought and encouraged, andeveryone feels safe bringing their authentic selves
to work. In doing so, we aim to retain and attract
diverse talent, grow our team through leadershipdevelopment opportunities, invest in thecommunities in which we operate, and advance a
culture of belonging.

African Heritage Forum: This forum
was founded on the principle ofcommunity and attracting, promoting,and developing talent of African
heritage across our global workforce.

Pride Forum: This forum was createdto support employees who identify
as part of the lesbian, gay, bisexual,
transgender, queer, asexual, intersex
community, and their allies.

Asian Pacific Forum: This forum wascreated to support Wabtec’s Asianand Pacific Islander employees andoffers global education, mentoring,and networking opportunities to growleadership abilities.

Veterans Forum: This forum wasestablished to create a communityof veterans, as well as support andencourage the career development
and growth of all members.

Led and managed by our employees locally,
these groups play an active role in personal andprofessional development across all phases of aperson’s career, provide a forum to build strong
relationships and allies through networking, as
well as create a medium for sharing, learning,and supporting one another to become bettercolleagues and leaders. The groups holdnetworking events with Company leadership,
manage formal mentoring programs, andsponsored career training geared specificallytoward their members.

Hispanic / Latino Forum: This forum
was established to create an inclusive
environment where Hispanics / Latinos
can thrive and become a catalyst
for promoting Hispanic heritage andshowcasing Hispanic talent.

Women of Wabtec: This forum wascreated to promote the importance ofgender diversity across all levels of
the organization through education,industry best practice sharing, andadvocate development.

MyAbilities Forum: This forum iscommitted to providing support andresources that enable people withdisabilities, their families, and allies toconnect and thrive.

Wabtec’s Employee Resource Groups – open to
all employees – play a big role in amplifying these
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EMPOWERING PEOPLE AND COMMUNITIESBest Places to WorkTo help our people reach their full potential, we mustensure we’re providing robust growth opportunities,
supported by a recognized culture of trust and inclusion.
To lead the transportation industry toward amore sustainable future, we need a strong
global workforce that has the right skills, in theright places, to achieve our strategic objectives.
In a year where competition for top talent has
become increasingly fierce, efforts to prioritize
targeted recruitment, retention, development, andpromotion have become even more important.
That’s why we are so proud to receive external
recognition of our status as an employer of choice,as well as our efforts to nurture our people withrobust learning and development opportunities.
In November 2021, the Wabtec India Technology
and Engineering Center (WITEC) based in
Bengaluru and Hyderabad received Great Place
to Work® certification. Since 1992, Great Place toWork® has been the global authority on workplacecultures, identifying exceptional locations where
employees and organizations thrive together.
This recent award, in the words of Rakesh Jain,
Vice President, Digital Electronics & Site Leader

for WITEC, is a tremendous recognition of our,“great culture, employee engagement and career
progression opportunities that we continuously
create and improve for our employees.”
2021 also saw us receiving another large
recognition in India. Our locomotive plant in
Marhowrah, Bihar, was celebrated for the Best
Skill Development Program at the Tata Instituteof Social Science (TISS)-Leapvault CLO Awards
India. Here, all factory-floor employees were
provided with innovative decision-making toolsthat enabled the sharing of responsibilities andhelped drive continuous improvement in safety,
quality, delivery, maintenance, and engagement.
The results speak for themselves: we saw a 31%
improvement in the skill level of employees since
the plant began operations in 2018. This effort
led to increased customer satisfaction, expandedfacility capabilities, and enhanced employee
career growth.

This recent award is a tremendous recognition ofour, great culture, employee engagement and career
progression opportunities that we continuously
create and improve for our employees.”
Rakesh Jain
Vice President, Digital Electronics & Site Leader for WITEC

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EMPOWERING PEOPLE AND COMMUNITIES

Accelerating Careers in India
Wabtec is expanding its collaboration with the Foundation for Excellence (FFE) to provide 240 economicallychallenged and academically bright students with Engineering Education Scholarships.
The program “Accelerating Careers” builds upon
the success of a previous partnership involving
students in need studying at more than 100
colleges across India. “Success in business starts
with people and cultivating the next generationof thinkers, doers, and innovators,” said Sujatha
Narayan, Senior Vice President and Region Leader,
Wabtec India. “This partnership provides bright,
economically challenged students the financial
support to reach their full potential and position
themselves for successful careers.”
This initiative falls under Wabtec’s “Caring for Our
Communities” program, which is committed tomaking a meaningful, sustainable impact in thecommunities where employees live and work.
In addition to the scholarships, the program will
provide students with opportunities to learn,develop and grow through internship programs,
projects, and Corporate Social Responsibility
activities and facility tours. “The transportationindustry is vast and innovating rapidly. This
program allows FFE scholars to get handson experience and contribute to the industry
on projects that matter,” added Sudha Kidao,
Managing Trustee, Foundation for Excellence
India Trust.

“Wabtec, through the Caring for Our Communities
program, has been working with various partners
near our factory locations and in states we
operate for several years,” said Narayan “Thisprogram has successfully contributed to theprofessional development of students from 21
states at engineering colleges across India forover three years.”‘Accelerating Careers’
has successfully
contributed to theprofessional developmentof students from 21
states at engineeringcolleges across India
for over three years.”
Sujatha Narayan
Senior Vice President andRegion Leader, Wabtec India

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EMPOWERING PEOPLE AND COMMUNITIESCaring for Our Communities: Ukraine Conflict
Wabtec has long worked to meaningfully impact the communities inwhich we live and work, especially during moments of great crisis.
For more than 150 years, Wabtec has strived toconnect communities and businesses to eachother and to the world. Fundamental to thiscommitment is ensuring the health, safety, andviability of those communities and businesses.
The conflict in Ukraine represents one of the mostsignificant humanitarian crises since World War
II. The UN estimates that more than 1.5 million
civilians have fled the fighting in Ukraine. In thistime of tremendous need, our thoughts are withthe people of Ukraine, Wabtec’s employees in theregion, and their family and friends.

Wabtec Foundation committed $100,000 to
support Ukrainian refugee relief efforts. Split
evenly between the International Rescue
Committee (IRC) and World Central Kitchen, thefunds will go on to support the growing number ofcivilians leaving Ukraine.

for the 30 EVO locomotives operating in Ukraine.
Locomotives have been a lifeline to the millions
of people fleeing the country and they are criticalin transporting essential humanitarian supplies tothe Ukrainian people.

Our Wabtec team in Poland supported our
Ukrainian employees that are currently based in
the Czech Republic, assisting with evacuation of
their families from the Poland/Ukraine border. In
addition, the Services Poland team has taken on
the responsibility of providing service support

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CREATING SAFE ENVIRONMENTS

Setting Environmental, Health, and Safety Standards
At Wabtec, our commitment to environmental, health and safety (EHS) is at the heart of our core values.
The well-being of our employees, the communities where we operate, and our customers and theircustomers depends on it.
Putting people first is how we do businessat Wabtec. And we endeavor to continuously
improve and foster a culture that proactively
reduces risks and hazards in our operations,protects the environment, ensures regulatorycompliance, and encourages learning anddevelopment.
To ensure operational accountability for EHS
across all levels of Wabtec, we use standard
metrics (both lagging and leading indicators)
and structured management reviews to trackand measure EHS performance across all ouroperational sites. Each site is also responsiblefor developing a risk reduction plan to drive siteor project-level actions related to risk reduction,
employee engagement, and continuous EHS
improvement. Monthly EHS operating reviews
with the Executive Vice President for Global
Operations are conducted to review operationalrisks at the enterprise-level, develop strategic
initiatives, and communicate key performanceindicators to senior management.
In 2021, we continued our progress toward bestin-class safety performance. Compared to our2019 baseline, the Total Recordable Injury Rate of
0.93 for 2021 represents a 14% reduction.4 While
this is strong progress towards our 2030 goal of
reducing injuries by 30%, as compared to our 2019baseline, we continue to strive to eliminate all
workplace hazards, risks, and injuries.

As we continue our journey to EHS excellence at
Wabtec, we plan to strengthen our focus on three
key areas: compliance assurance, risk reduction,and learning and development.

14% reductionof the Total Recordable Injury
Rate in 2021 vs. 2019 baseline
Compliance Assurance
In 2021, we updated our Safe Environments
Policy, deepening our compliance commitments
in all areas of EHS. We also comprehensively
deployed the EHS component of our Wabtec
Management System – the “EHS WMS” – which
provides a standard set of expectations for
all global manufacturing and services sites.
The EHS WMS encompasses: EHS leadershipand accountability; regulatory applicability
review; and risk assessment; as well as safety,
workplace exposure, and environmental defenses.
Operational sites assign owners to each element
to ensure that site-level risks are effectively
assessed, and processes are implemented toaddress those risks.

Number of OSHA recordable injury and illness cases YTD, based on 100 employees working 200,000 hours annually. This data includes all Wabtec employees andcontingent/temporary workers under direct Wabtec supervision. Contractors/vendors are not included.

Following the EHS WMS deployment, all of
our sites around the world are now focusedon enhancing programmatic elements of risk
assessment, emergency planning, and response,and safety defenses. To ensure effective andconsistent implementation of the EHS WMS at
our operational sites, our Corporate EHS teamis facilitating training and best practice sharing
across all sites, as well as auditing and validating
at least one element of the EHS WMS at 20% of
the sites.
Wabtec also implements a series of standards,
procedures, and tools to ensure our operationalsites comply with all applicable EHS laws
and regulations, satisfy our corporate
expectations, and continuously improve sitelevel EHS performance. These cover: machinesafety, electrical safety, lockout/tagout,
lifting operations, and air, water and waste
management.

Risk Reduction
At Wabtec, our focus is on proactive risk
reduction in our operations. We conduct Incident
Review sessions at least monthly with our site
Operations and EHS teams to review common
incidents, discuss corrective actions, and share
best practices. Corrective actions from every
incident are evaluated against a Strength of4

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Risk Reduction in Action
Defense Matrix tool and scoring system thatemphasizes robust controls such as hazard
elimination and engineering solutions overadministrative, oversight, or cultural defenses. In
2021, we refreshed our Incident Review process toensure clear and consistent timelines for incident
reporting, management, and escalation by
Wabtec’s operational sites. We also establisheda standard template for our Safety Bulletins toensure incident learnings and corrective actions
are easily communicated across Wabtec.
Through our refreshed incident learning efforts,
our Operations and EHS teams are partnering toeliminate and reduce hazards and risks within
Wabtec’s operations, which is fundamental to
improved EHS performance.

Salem, VA
Wabtec’s facility in Salem, Virginia madenumerous improvements in its Machine
Shop over the past few years. Following
a thorough risk assessment of its
machines, the site replaced and updated
many of its hand-operated processes
such as mills, drill presses, rotarymills, and tappers. Today, the site uses
a variety of enclosed CNC machinesthat are safer and more efficient than
the site’s previous manual operations.
In total, these safety improvements
eliminated the potential for hands being
in harm’s way – removing over 1,750
hours of exposure per year.

Erie, PAIn 2015, Wabtec’s manufacturing facility in
Erie, Pennsylvania launched the first Ergo
Cup competition to reduce ergonomic
injuries, share solutions and ideas, drive
positive culture change, and recognize
the contributions of our employees.
This quarterly competition provides anopportunity for ergonomic teams toshare projects across the organization.
Going seven years strong, Ergo Cup isoften recognized as a “business bestpractice.” In 2022, the team took Ergo
Cup to the next level by going global withparticipation from sites in China, Brazil,
Mexico, and beyond. Projects are scoredbased on innovation, simplicity, costsavings, reduction of ergonomic risk, andtransferability of the solution.

From left to right: Ergo Cup winners from the Erie Pipe Deburr Team, Mark Murray, Bob Joyce, Don Graham, Tom Bemiss, Doug Larsen,
and Dick Vanucci. This team designed an air-vise to hold parts instead of holding them by hand and introduced a new deburring tool that
reduced a two-step process to just one

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Learning & Development
We strive to create a learning culture across allareas of our business and believe that continuous
improvement and operational accountability for
EHS are critical dimensions of how we work.
In 2021, Wabtec launched an EHS Operations
Leadership training course aimed at building the
EHS toolkits of General Managers (GM) and Plant
Leaders to empower them as critical stewardsof our EHS culture. The course instills Wabtec’s
EHS expectations of its Operational Leaders byproviding an awareness of EHS impacts and legal
and compliance responsibilities, practical tips
for achieving and maintaining EHS excellence,and ideas for cultivating a positive culture andengaging employees to take ownership for EHS.
In 2021, 146 operations leaders from 26
countries participated in the EHS Operations
Leadership course.
In 2022, we continue to deepen our learning
culture around EHS issues. In addition to hosting
Virtual Learning Exchanges on emerging EHS
topics, we are extending learning opportunities
to our front-line supervisors with courses on
hazard identification and risk mitigation, EHS
responsibilities and expectations, and effective
communication. We are planning to train morethan 500 front-line supervisors across Wabtec.

146 operations leaders from26 countries participated in the
EHS Operations Leadership course
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CORPORATE GOVERNANCE

Oversight of Environmental, Social, and Governance(ESG) Criteria
When it comes to sustainability, a robust corporate governance framework creates value forstakeholders and builds trust in the company.
At Wabtec, we are committed to doing our partto create a more sustainable, prosperous, andequitable world. By developing the transformativetechnology needed to lead the clean energy
transition in transportation and evolving ourown internal operations, we can simultaneously
capitalize on market opportunities, positively
impact the environment and communities
where we live and work, and generate long-termvalue for our customers, employees, and otherstakeholders.

To succeed, we need strong internal governanceand a robust Environmental, Social, andGovernance (ESG) framework. This starts
with our Board of Directors, who oversee theexecution of the company’s ESG strategy aspart of their oversight of Wabtec’s overallbusiness. The Board, under the leadership of theNominating and Governance Committee and its
ESG Subcommittee, oversees our sustainability
strategy and execution against our ESG goals;
reviews climate-related risks and opportunities;
enhances enterprise risk strategy andmanagement systems; addresses Environmental,
Health, and Safety (EHS) matters; and shapes
public policy and advocacy efforts.
Internally, the Wabtec Sustainability Task Forcemeets quarterly to advance the company’ssustainability strategy. This team is comprisedof leaders across all functions and businesssegments, including EHS, Operations,
Engineering, Finance, Sourcing, Legal, andHuman Resources. They are responsible for
implementing actions within those functions that
support Wabtec’s ESG framework and strategy.

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CORPORATE GOVERNANCE

Risk Management Approach
While risk is an inherent part of conducting global business, 2021 saw a predominance of factors
ranging from economic and geopolitical instability, price inflation, supply chain issues, and theongoing COVID-19 pandemic.
At Wabtec, however, our position as the leading
global provider of equipment, systems, digitalsolutions, and value-added services for the freight
and transit rail sectors means that preparation
and resilience is critical to how we do businessand confront these events when they arise.
Our Board of Directors, primarily led by the Audit
Committee, is responsible for overseeing andmonitoring the material risks facing the Company.
At the heart of these risk management efforts is
our Enterprise Risk Management (ERM) process,which is our primary vehicle for assessing andmanaging operational, strategic, financial, andcompliance risk. Guarding against ESG risks
is a critical risk area evaluated as part of thisprocess. Following a comprehensive and rigorous
risk review across Wabtec’s business units, ourmanagement teams review this information,and identifies the controls needed to respond toand mitigate those risks through an annual ERM
report. This report and the status of the mitigation
measures therein are reviewed with the full Boardof Directors twice a year.

Climate Risks
Climate change is an undeniable reality, and the
reduction of GHG emissions is an urgent shortand long-term priority. That’s why Wabtec istaking meaningful and deliberate steps to reduce
its environmental footprint and help others reduce
their impact on the environment.

While macro-economic and political trends create
uncertainty, we remain committed to enabling
the transition to a zero-emissions transportation
future – and, we believe that our efforts create astrong competitive differentiator for our businessstrategy. Given that some short-, medium-, andlong-term risks related to global climate change
may have potential implications for Wabtec’s
business, we added climate change as a risk
category in our annual ERM process in 2021.
In the short-term, Wabtec and the global rail
network is vulnerable to the effects of climatechange, including rising temperatures and more
frequent fires, earthquakes, floods, tornadoes,
hurricanes, or dangerous weather conditions.
Disruptions from these conditions have thepotential to interrupt global rail service. Long-termclimate change conditions and disruptions also
have the potential to impact Wabtec’s business.
Climate change could subject Wabtec to further
regulation that affects our operations. The
potential challenges posed by evolving climatechange policy and prospective regulations areheavily dependent on the nature and degreeof such regulations and the extent to which it
applies to our industry. Although uncertain, thesedevelopments could increase costs or reducethe demand for Wabtec products. In addition,
our manufacturing and service operations
typically result in emissions of greenhouse gases.
Likewise, emissions arise from midstream anddownstream operations, including the operationsof our locomotives and other products. Finally,
although beyond the control of the company, theuse of fuels and related products by Wabtec’s
customers also results in greenhouse gas
emissions that may be regulated. International
agreements, domestic legislation, and regulatory
measures to limit greenhouse gas emissions
are currently in various phases of discussion or
implementation. While we are carefully monitoringthese developments, at this time, we cannot
predict the ultimate impact of climate change andclimate change legislation on our operations or
our products.
Notwithstanding these potential risks andchallenges, we are energized by the opportunities
presented for Wabtec’s innovative products andservices to lead the world to a zero-emissions
transportation future. We remain confident in
our ability to deliver the pragmatic and visionary
technologies that our customers need to address
climate change.

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CORPORATE GOVERNANCE

Ethics and Compliance
At Wabtec, we’re always searching for new ways
to operate more responsibly and safely as wedeliver on our mission to move and improve theworld. In order to build a more sustainable future,
we must take significant measures to ensure ourbusiness practices reflect our commitment to thehighest environmental, social, and governancestandards. We pride ourselves on having aculture of integrity, safety, and accountability for
employees, suppliers, and the communities where
we live and work.

To further our ongoing commitment tocompliance, integrity and fairness, Wabtec
launched a new Code of Business Conduct andEthics (“Code of Conduct”) in 2020, which applies
to all employees and contingent workers. The
Code of Conduct is the foundation of our Global
Compliance Program. Employees are required tocomply with applicable laws and regulations inevery jurisdiction in which Wabtec does businessand to act fairly in their dealings with customers,
suppliers, other partners, and each other.

Wabtec’s Code of Conduct and Business Ethics Core Policies➔A cceptable Use Policy➔ Human Rights Policy➔ Record Retention Policy➔A nti-Bribery, Anti-Corruption,
Anti-Money Laundering Policy➔ Independent Third-Party
Due Diligence Procedure➔ Safe Environments Policy➔ Complying with Antitrust
and Competition Laws

➔ Information Security Policy➔ S tatement of Policy with Respect
to Related Party Transactions➔ Insider Trading➔ Supplier Code of Conduct➔ Intellectual Property Policy➔ Trade Compliance Policy➔ Conflicts of Interest Policy➔ Employee Handbook➔ Employee Privacy➔ IT Data & Analytics Data Usage42

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At Wabtec, we believe that it is not just our
responsibility, but our obligation to do the rightthings. Our compliance and responsible businesspractices are guided by the following set ofprinciples:

1. Voice of Integrity: Speak Up, Wabtec
Open reporting without fear of retaliation is acornerstone of Wabtec’s commitment to integrity
and is one of the best indicators of employee
engagement on compliance expectations.
In 2021, 75% of concern raisers at Wabtec
identified themselves, demonstrating trust in thereporting system. All concerns are investigated,and corrective actions are implemented for all
confirmed allegations.

2. Sustainable Procurement
Our Supplier Code of Conduct is the foundation of
our approach to sustainable procurement. Wabtec’s
business units use standard terms and conditions
for suppliers that incorporate Wabtec’s Supplier
Code of Conduct, setting specific expectations
regarding suppliers’ compliance with laws andregulations linked to environmental, health,safety, labor, human rights, security, and privacy.
We also regularly audit suppliers in high-riskcountries. In 2021, Wabtec audited approximately
21% of suppliers in high-risk countries. Given thecomplexity and demands of the current moment,
we are constantly mitigating against emerging risks.
In 2021, we introduced a new Supply Chain Risk
Management tool to enhance our understanding ofrisks to our supply chain and use those findings tolessen the impact of disruptions, drive operational
efficiencies, and accelerate integration synergies.
We received a “Program of the Year” award from
Riskmethods for the successful rollout and impactof our Supply Chain Risk Management program.

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Wabtec2022 Sustainability Report

3. Modern Slavery/Human Rights

5. Cybersecurity Framework

Issued in 2020, Wabtec’s Human Rights Policy
outlines our commitment to respecting humanrights wherever we operate and requires our
suppliers and other business partners to do thesame. The Policy prohibits any form of forced,
involuntary, or child labor in our operations andincludes specific commitments to continuously
identify, prevent, and mitigate any adverse impactsof our activities. Wabtec evaluates the risks ofhuman rights violations and modern slavery
within its direct operations and supply chain. In
2021, Wabtec published its Modern Slavery and
Human Rights Statement detailing our approachto managing these risks in the procurement ofgoods and services. We are committed to working
with our suppliers to eradicate modern slavery
in our supply chain and continue to measure ourprogram’s effectiveness.

Cybersecurity and data protection are importantconsiderations in the design and productionof Wabtec products, projects, and services.
To address risks related to cybersecurity andprivacy, Wabtec seeks to leverage industry
cybersecurity practices that have been developedby organizations such as the National Instituteof Standards and Technology (NIST) and theInternational Standardization Organization (ISO).
Wabtec also maintains SOC 1 Type 2 certification
for select digital products, as well as cyber liability
insurance coverage in amounts sufficient for ourlevel of risk.

4. Engaging Industry Stakeholders
As a member of both Railsponsible (an industry
initiative focused on improving supply chain
sustainability) and the Responsible Minerals
Initiative (a program that advocates for theelimination of conflict minerals in products),
Wabtec frequently engages and collaborates
with industry leaders and suppliers in the pursuitof a more sustainable and ethical future. We
also participate on the Sustainable Transport
Committee of UNIFE (Union des Industries
Ferroviaires Européennes, or European RailSupply Industry Association) and collaborate on
sustainability policies relevant to areas of theEuropean Green Deal.

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ESG Data & Goals
Wabtec is committed to publicly reporting on ESG topics, discussing theopportunities and challenges we encounter as we work to enhance performanceand conduct business in the most responsible manner possible. The reporting
process not only helps us manage and measure our progress, but also to engage
with both internal and external stakeholders around the world. The following
illustrates our progress to date.
Focus Area

Baseline (’19 YE)

2021‘21 v ‘192030 Goal

Measurements & Perspective

INNOVATING WITH PURPOSE
Wabtec’s eco-efficiency portfolio is measured by net sales fromproducts, systems and digital technologies related to energy
efficiency, environmental, and resource efficiency.
Increase net sales driven
by Wabtec’s eco-efficiency
portfolio

20% share of net
sales

22.3% share of
net sales

12%30% share of
net sales

Increase end-of-lifematerial that is recycled,reused, or remanufactured

296 million
pounds of endof-life material isrecycled, reused, orremanufactured

333 million
pounds of end-oflife material
is recycled,reused, orremanufactured

13%

by 10%

Eco efficient products are defined as meeting at least one of thefollowing criteria:• >90% recyclable• Improving resource efficiency and/or emissions
reductions by >5%• Extending a product life by at least five years

End-of-life material is returned to Wabtec and then recycled,reused, or remanufactured.

>>>

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Continued

Focus Area

Baseline (’19 YE)

2021‘21 v ‘192030 Goal

Measurements & Perspective

RESPONSIBLE OPERATIONS-20%

by 30%

Greenhouse gas emissions intensity is calculated as normalized
metric tons of Scope 1 and 2 emissions in CO2 equivalents
per million-dollar net sales. The calculation methodology was
based on the Corporate Accounting and Reporting Standard
and Scope 2 Guidance of the Greenhouse Gas Protocol of theWorld Resource Institute (WRI) and of the World BusinessCouncil for Sustainable Development (WBCSD).

Reduce greenhouse gas
emissions43.6 metric tons ofCO2e per milliondollar net sales

35.0 metrictons of CO2e per
million-dollar net
sales

Reduce energy use

0.58 Megajoules per
dollar net sales

0.50 Megajoules
per dollar net
sales

-14%

by 30%

Energy intensity is calculated as normalized Megajoules (Higher
Heating Value) of energy (purchased electricity and other fuels)
use per dollar of net sales.

Reduce water consumption
in areas of water scarcity

43.9 million gallons
of water

43.6 million
gallons of water-0.7%

by 30%~20 of Wabtec’s current manufacturing facilities are located inareas with greater than 80% water scarcity, as defined by theWorld Resource Institute.

Reduce workplace injury
and illness rate

1.08

0.93

-14%

by 30%

The workplace injury and illness rate is calculated for every
200,000 hours worked by all employees and contingent/temporary workers.

-7%t o 30% of U.S.
workforce

EMPOWERING PEOPLE AND COMMUNITIES

Increase the representationof people of color in salaried
workforce in the U.S.

Increase representationof females in the global
salaried workforce.

25.5% of U.S.
workforce arepeople of color;

23.8% of U.S.
workforce arepeople of color;

19.4% of salaried
employees arepeople of color.

19.6% of salaried
employees arepeople of color.

15.7% of global
workforce is female;
17.8% of the salaried
workforce is female.

16.7% of global
workforce isfemale;19.0% ofthe salaried
workforce isfemale.

1%6%7%t o 25% ofsalaried
workforce

globalworkforceto 20%
representation

Creating a true culture of inclusion is one of our biggest priorities.
Training and education are at the heart of these efforts, which is
why we invest heavily in diversity training for all employees including
specialized training for our people leaders. Our intention is to make
impactful and sustainable changes through this training, as well as
through our recruiting processes and cultural programs.

salaried
workforce
representation
to 25%

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ESG DATA & GOALS

Corporate GHG Inventory
The Wabtec GHG inventory follows the GHG Protocol and has
undergone third-party verification by Bureau Veritas.
The inventory is complete, with all sources
included on an operational control basis. Fuelcombustion GHGs are calculated using emission
factors provided by the Intergovernmental
Panel on Climate Change (IPCC) report “2006
IPCC Guidelines for National Greenhouse Gas
Inventories”. Global warming potentials for gases
were taken from the IPCC Fifth Assessment(AR5). Location-based Scope 2 calculations usedemission factors from the following sources:
Environmental Protection Agency eGrid (for eachregion of the United States), Environment Canada(for each Canadian province), International Energy
Agency (national averages for all other countries).
Market-based emissions calculations used utility-

specific emission factors where available andresidual mix emission factors for Europe sourced
from Association of Issuing Bodies (AIB).

2021 Absolute GHG Data
Scope 1

136,504 metric tons CO2e

Scope 2
Location-based

136,918 metric tons CO2e

Scope 2Market-based

101,873 metric tons CO2e

Bureau Veritas
Bureau Veritas UK Ltd (‘Bureau Veritas’)
was engaged by Wabtec to provide thirdparty verification of our Scope 1 and 2
GHG emissions data, as well as water
consumption data in water-scarce areas, forthe period from January 1 to December 31,
2021. Bureau Veritas performed this Limited
Assurance Engagement in accordance with
the International Standard on Assurance
Engagements (ISAE) 3000 Revised Edition.
Visit our website to view the GHG AssuranceStatement and the Water Consumption
Assurance Statement.

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Governance

ESG Data& Goals

Wabtec2022 Sustainability Report

ESG DATA & GOALS

Sustainability Accounting Standards Board (SASB) Metrics
Designation: Industrial Machinery and Goods.
The SASB Standards, now a part of the IFRSFoundation, are a set of standards that guides thedisclosure of financially material and decision-

SASB Topic
EnergyManagement

Accounting Metricuseful sustainability information to investor.
The table below maps Wabtec’s disclosures
to the Industrial Machinery and Goods (RT-IG)
Sustainability Accounting Standards for calendar
year 2021.

Category(1) Total energy consumed(2) Percentage grid electricity

Unit of Measure

Code

Gigajoules (GJ)
Quantitative(3) Percentage renewable

Percentage (%)

RT-IG-130a.1

Percentage (%)

Data

Reference Location(1) 3,908,922 GJ

For more information on
the topic, please refer to thesection on Our Approach toEnergy and GHG Reductions.

(2) 36%(3) 0.4%(1) 0.93

Employee Health& Safety

Fuel Economy& Emissions
in Use-phase

(2) 0

(1) T
 otal recordable incident
rate (TRIR)(3) C urrently, NMFR is calculated based onreports from a limited subset of Wabtec’s
operational sites, so it is omitted from thisindex. Wabtec is working to strengthen
near miss reporting in its electronic
EHS management system by increased
awareness of this strong leading indicator.

For more information on
the topic, please refer to thesection on Creating Safe
Environments.

Quantitative

Rate

RT-IG-320a.1

Sales-weighted fleet fuelefficiency for medium- andheavy-duty vehicles

Quantitative

Gallons per
1,000 ton-miles

RT-IG-410a.1

Sales-weighted fuel efficiency
for non-road equipment

Quantitative

Gallons per hour

RT-IG-410a.2 63 gallons per hour

Sales-weighted fuelefficiency for stationary
generators

Quantitative

Watts per gallon

Not applicable as Wabtec had no sales of stationary engines in 2021.
RT-IG-410a.3 For more details on our product portfolio, please refer to our 2021 Annual
Report, pages 4-6.

(2) Fatality rate(3) N ear miss frequency rate
(NMFR)

Sales-weighted emissions of:(1) nitrogen oxides (NOx) and(2) particulate matter (PM) for:(a) marine diesel engines,(b) locomotive diesel
engines,(c) on-road medium- andheavy-duty engines, and(d) other non-road diesel
enginesQuantitative

Grams perkilowatt-hour

RT-IG-410a.4

Not applicable as Wabtec manufactures non-road equipment. Wabtec had
no sales of medium- and heavy-duty vehicles in 2021. For more details on our
product portfolio, please refer to 2021 Annual Report, pages 4-6.

(1)(a) 0.8 g/kWh(1)(b) 5.2 g/kWh(2)(a) 0.01 g/kWh(2)(b) 0.05 g/kWh
Metrics on sales-weighted emissions of NOx and
PM of (c) on-road medium- & heavy-duty enginesand (d) other non-road diesel engines are omitted
due to lack of applicability to Wabtec.

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Letter fromthe CEO

Sustainability
StrategyInnovatingwith Purpose

Responsible
Operations

Creating Safe
Environments

Empowering People& Communities

Corporate
Governance

ESG Data& Goals

Wabtec2022 Sustainability Report

Continued
SASB Topic

Materials
Sourcing

Accounting Metric

Description of the managementof risks associated with the useof critical materials

Remanufacturing Revenue from remanufactured
Designproducts and remanufacturing& Services
services

Activity Metric

Activity Metric

Number of units produced byproduct category

Number of employees

Category

Discussion
and analysis

Quantitative

Quantitative

Quantitative

Unit of Measure

Code

N/A

Wabtec manufactures a wide range of productsthat contain certain critical materials such as
tantalum and tungsten, but Wabtec does notpurchase ore or unrefined materials directly fromsuppliers. We rely upon third-party suppliers,
including certain single-sourced suppliers, forvarious components for our products. In theevent of a shortage or discontinuation of certain
raw materials or key inputs, we may experiencechallenges in sourcing some of our components
For more information on our
to meet our production requirements. Over therisks associated with raw
last year, supply chain disruptions have caused
materials, please refer to our
RT-IG-440a.1 component and chip shortages, resulting in an
2021 Annual Report, page
adverse effect on the timing of the Company’s
20 and our Conflict Minerals
revenue generation. In addition, escalation
Report.
of cost of such minerals as well as disputes
with significant suppliers, including disputes
regarding pricing or performance, could
adversely affect our ability to supply products
to our customers and could materially andadversely affect our product sales, financial
condition, and results of operations. Wabtec
actively focuses on increasing supplier diversity
and, where possible, Wabtec implements a multisource strategy.

Reporting currency

NumberNumber

Data

Reference Location

RT-IG-440b.1

US $2,430 M(revenue from Wabtec Freight Services)

For more informationon our remanufacturing,please refer to the section
Innovating with Purpose:
Remanufacturing.

RT-IG-000.A

1,381(engines and power generating equipment)

For more information on
our business segments andproducts, please refer to our2021 Annual Report, page 4-6.

25,000(as of 12/31/2021 and excluding
contingent workers)

For more information on our
approach to talent attraction,
retention, and engagement,
please refer to the section
on Empowering People andCommunities and our 2021
Annual Report, page 12.

RT-IG-000.B

49

Wabtec Corporation
30 Isabella Street
Pittsburgh, PA 15212
USA© 2022 by Wabtec Corporation. All rights reserved.

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