2023 SUSTAINABILITY REPORTINTRODUCTION

The 2023 Terex Sustainability Report

Spotlight on Our Company

9,300
Approximately
9,300 teammembers
worldwide

Diverse andinclusive Boardof Directors: 3
are women and
3 are raciallydiverse

We make a positive impact by providing
innovative solutions, engaging our people,
and operating in a sustainable way.

(as of 9/01/23)

To learn more about our
purpose of helping to
improve the lives of people
around the world, pleasewatch our video.

(as of 12/31/22)$4.4B
Full-year salesof $4.4 billion
increased
14% yearover-year, 20%
on a foreignexchange
neutral basis(as of 12/31/22)

550+

2 South Dakota
sites and 8
Northern Irelandsites operate on
100% renewableenergy(as of 2023)(as of 9/30/23)

Electric andhybrid offerings:  
Approximately
70% of MP
products andGenie machines(as of 12/31/22)

Telematics
hardwarewas active on
approximately
12,600 MP and
63,500 Genie
machines

9 team member
Affinity Groups
with more than
550 participants

70% plug(as of 12/31/22)~33%

of MP 2022
sales derived
from products
used for waste,
recycling andenvironmental
applications

RECOGNIZED FOR SUSTAINABILITY INNOVATION, AND OVERALL EXCELLENCE
Terex Corporation was named to Newsweek’s listof America’s Most Responsible Companies for2023. The list recognizes the top 500 most
responsible companies in the United States.

Genie won the 2023 IAPA (International Awards
for Powered Access) Sustainability Award,
recognizing Genie’s significant contributions tosustainability in the access industry.

In 2023, Terex MP India earned an award
for “Outstanding Work for Sustainable
Development,” presented by India’s Ministerof Road Transport & Highways.

Our Genie Hybrid Z®-45 FE articulating boom lift
was named “Access Equipment of the Year” in2022 by Construction Machinery Middle East.

Genie GS™ Lithium-Ion Scissor Lifts received the2022 “Innovative Iron” Award from Compact
Equipment magazine in North America.
Terex MP was honored with the Bronze Award
from ROSPA, the Royal Society for the Preventionof Accidents, for demonstrating high-quality
health and safety performance in 2022.

Our Genie electric S®-60 DC and hybrid S-60 FE
telescopic boom lifts were awarded “Access
Equipment of the Year” at the 2022 Premios
Potencia Awards in Spain and received the“Editor’s Choice Award” from Rental magazine in
2022 in North America.
The Genie Monterrey factory is certified
LEED Gold in 2023.

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INTRODUCTION

The 2023 Terex Sustainability Report

What Our Team Members Are Saying*“I stop at
jobsites in
my area andlisten tocustomers
brag about
our trucks.
There isnothing moresatisfying
than to hearcustomers
communicate
how muchthey like yourproduct.”
MP Ft. Wayne, US* Testimonials are from our 2023 Engagement Survey.

“What I love about Terex
is the global natureof the Company andworking with colleagues
and customers
across the world, theopportunity to learn
about other cultures,the transparency about
decision making andthe performance of theCompany, hard work andambition are recognized
and rewarded, thefriendly work
environment, and the
hybrid working makes avery positive impact onfamily and personal life.”
Corporate Craigavon, UK“At Terex when they say they have a flat hierarchy, they actuallymean it. Everyone is approachable and helpful. It feels like I am an
asset to the Company and team members are always involved in thediscussion of the organizational growth and benefits.”
Genie Bangalore, India“There are many
learning opportunities
on the job, and you
can constantly
improve yourabilities. Continuous
improvement cangive full play to yourtalents and you
can gain a sense ofaccomplishment.”
Genie Changzhou, China“Terex is a highly ethical, safetyfocused, and honest Company.”
MP Brisbane, Australia“It is rare tosee a team as
unified andwilling to help
each other as
us. We all treat
each otherwith respect
and provide
supportwhereverneeded.”MP Louisville, US

2

INTRODUCTION

The 2023 Terex Sustainability Report

Terex Supports UN Sustainable
Development Goals (SDGs)

Terex supports all 17 SDGs; we have identified 7 SDGs where we have the greatest impact.

INNOVATE
We are committed to designing
products and offering solutions thatenable our customers to operate insafe and sustainable ways.

Terex has positioned itself to make a powerful and positive impact on the environment. We do this throughour steadfast commitment to continual product innovation and responsible environmental stewardship.
Increasing demand for our electric and hybrid equipment is being driven by regulations and jobsite requirements
for cleaner-powered and quieter equipment. By year-end 2022, approximately 70% of Genie and MP products
offered electric and hybrid options. Our Utilities and Aerials product offerings support the restoration, upgrade,and modernization of the electric grid. Our MP product offerings support recycling, reuse, and waste processing,turning waste into useful material, reducing reliance on raw materials, and reducing environmental pollution.
For more information, please refer to the “Product Innovation and Solutions That Improve Sustainability” sectionof the report.

3

INTRODUCTIONENGAGEWe are committed to keeping all
Terex team members safe at workand to an inclusive culture where teammembers are invested in their work,
each other, and their communities.

The 2023 Terex Sustainability Report

We strive to be the safest and best place to work in our industry. As it has for many years, safety continues tobe an absolute way of life at Terex. We are committed to continuous safety improvement and “Zero Harm.” We
believe that our team should be safe at work every day. Our goal is to achieve a 0.2 Lost Time Rate and a 1.0 Total
Recordable Incident Rate by year-end 2024. In 2022, following production disruption and increased customer
demand, we saw an increase in our total recordable and lost time injury rates. As a result, we continue to evaluate
existing health and safety systems, we are focused on the most common drivers of injury in our business, and arereengaging leaders in our health and safety processes.
Team member well-being is just as important. Our Company has had a long-established practice of caring for ourteam and family members, including their physical, emotional, mental, and financial wellness.
For more information, please visit the “Safety at Terex” and “Employee Well-Being” sections of the report.

Our vision is to sustain an inclusive and equitable work environment, where team members feel safe, supported,and valued. Diversity of background and thought is viewed as a path for Terex to remain innovative andcompetitive. We are focused on increasing the representation of women and under-represented groups at Terex.
Here’s how:

• We have set a goal of increasing female representation in leadership to 24%, management to 25%, line roles to20%, and all women to 24% globally by 2030. Since 2019, we have seen a ~3% increase of women in leadership,
a ~2% increase of women in management, a ~1% increase of women in line roles, and a ~1% increase of womenin the Company.

• Our 2030 goals for minority representation in the US are 17% in leadership, 18% in management, and 26% inindirect manufacturing and SG&A. Since 2019, minority representation in leadership has increased by ~6%,
management by ~1%, and ~4% in indirect manufacturing and SG&A.

For more information regarding our commitments, please visit the “Committed to Diversity, Equity & Inclusion”
section of the report.

OPERATESUSTAINABLY
We are committed to implementing
sustainable practices that minimize
negative impacts on the environmentand society.

Terex has committed to a 15% reduction in its GHG emissions and energy intensity by 2024. Both havedecreased on a revenue basis from 2021 to 2022. In 2022, our total Scope 1 and Scope 2 GHG emissions
were reduced by approximately 13.6% compared with 2019, while total energy consumption decreased by
8% during the same period.

In 2023, we shifted the focus of our carbon reduction efforts to where they will have the greatest impact: the 12
Terex locations that account for approximately 80% of our GHG emissions.1 While we are laser-focused on thesesites, our other locations are also contributing to reduced emissions and energy intensity, increased recycling,less waste, lower water consumption, and minimizing other negative impacts on the environment.
For more information, please visit the “Greenhouse Gas Reduction and Energy Conservation,” “Operating from
Renewable Resources,” “Water Conservation at Terex,” “Waste Reduction at Terex,” and “Biodiversity at Terex”
sections of the report.

We prohibit any form of forced labor and are committed to ensuring human rights and decent work conditions.
As set forth in the Terex Supplier Code of Conduct, we expect the same from our suppliers. This year, we havecommitted to conducting a supplier human rights risk assessment so that we can identify and mitigate risks.
For more information, please visit the “Protecting Human Rights” section of the report.
1

In 2022, we developed our new approach using available emissions data from 2021 and our estimation of emissions from our new Genie Monterrey location. In 2023, we implemented our plan.

4

The 2023 Terex Sustainability Report

Table of Contents
Introduction
6
7
8
9

10
12
13

About Our Company

Well Positioned to Benefit from Megatrends
Our Purpose, Mission, and Vision
Terex Way Values

Sustainability Is an Essential Part of Our Business
Strategy, a Message from John Garrison
Sustainability at Terex

Materiality Assessment and Stakeholder Engagement

Environmental Sustainability

15	Operating Our Business in an Environmentally
Friendly Way
15
20
20
21

Greenhouse Gas Reduction and Energy Conservation
Water Conservation at Terex
Waste Reduction at Terex
Biodiversity at Terex

22	Product Innovation and Solutions That Improve
Sustainability

Social Sustainability
34

34

A Strong and Supportive Team
Committed to Safe Work Practices
Safety at Terex

40	Innovative Products That Promote Safe Work
Practices
42

Committed to Diversity, Equity & Inclusion

52

Competitive Compensation and Benefits

48
53

Helping Team Members Reach Their Full Potential
Engaged and Involved in Our Local Communities

Governance58

Responsible, Ethical Leadership Is in the Terex DNA

61

Protecting Human Rights

59
61
62

The Ethics & Compliance Program

Public Policy and Political Contributions
Information and Cybersecurity

64	An Engaged, Diverse, and Independent
Board of Directors
64

Sustainability Governance at Terex

Appendix
67

GRI Standards Index

77

Task Force on Climate-Related Financial Disclosures(TCFD)

72

78
81

Sustainability Accounting Standards Board (SASB)Team Member Demographics
Stakeholder Engagement

5

INTRODUCTION

The 2023 Terex Sustainability Report

About Our Company
Terex is a global
manufacturer of materials
processing machineryand aerial work platforms.
We design, build, andsupport products used inconstruction, maintenance,
manufacturing, energy,
recycling, minerals, andmaterials management
applications.

Certain Terex products and solutions
enable customers to reduce their impact
on the environment, including electricand hybrid offerings that deliver quiet andemission-free performance, products that
support renewable energy, and productsthat aid in the recovery of useful materials
from various types of waste. Our products
are manufactured in North America, Europe,
Australia, and Asia and sold worldwide.
We engage with customers through allstages of the product life cycle, from initial
specification to parts and service support.
We report our business in the following
segments: (i) Materials Processing(“MP”) and (ii) Aerial Work Platforms

VIDEO: MATERIALS PROCESSING(“AWP”). Our MP segment designs,
manufactures, services, and markets
materials processing and specialty
equipment. Our AWP segment designs,
manufactures, services, and markets
aerial work platform equipment, utility
equipment, and telehandlers. We are
excited about the continued expansion of
our environmentally friendly product lines.
Our AWP and MP offerings include electricand hybrid options which reduce carbon
emissions and promote sustainability. Ourleadership in this area is nothing new. We
were the first in our industry to introduce
an all-electric utility truck, and we are notslowing down. We have invested in two

VIDEO: GENIE

companies that specialize in electrification,
enabling our Company to access leading
battery technology and products. In 2022,
approximately 70% of MP products andGenie’s machines offered electric and/or
hybrid options.

of MP products andGenie’s machines
offer electric and/or
hybrid options

VIDEO: UTILITIES6INTRODUCTION

The 2023 Terex Sustainability Report

Well Positioned to Benefit
from Megatrends
Terex is uniquely positioned to capitalize on several global
megatrends that are expected to drive continued growth in
our industry in the coming years. One especially consequential
trend is infrastructure investment. Across the globe, public
and private sectors are making significant infrastructure
investments that are critical to support economic growth andmeet the needs of increasing population and urbanization.
Global annual spending on infrastructure construction projects
is approximately $5 trillion.*
Our AWP and MP segments are well positioned to benefit from this accelerating infrastructure
spending. Our MP Powerscreen® and Finlay® brands command leading positions in global mobile
crushing and screening markets and will benefit from the increasing demand for aggregates.
Terex Utilities offers a comprehensive portfolio of products needed to enhance the electricgrid, and our Genie booms, scissor lifts, and telehandlers are often essential components ofinfrastructure projects. During the past year, investments and projects worldwide have increased
in semiconductor manufacturing, clean energy, and EV batteries. Our Genie business will benefit
from growth in data warehousing and chip manufacturing projects, while Terex Utilities has
industry-leading capabilities in place to support strengthening demand from clean energy-related
electrification initiatives.
In response to the increasing global focus on sustainability, waste disposal and recycling
regulations are becoming more stringent. Our MP brands, including Terex® Ecotec, CBI®, andTerex® Washing Systems, are at the forefront of the market and provide our customers with
innovative recycling solutions.
* https://www.globaldata.com/store/report/infrastructure-construction-market-analysis/

SUSTAINABILITY

7

INTRODUCTION

Our Purpose, Mission, and Vision
At Terex, our Purpose, Mission, Vision, and Terex Way Values
are the foundation upon which our Company is based, andthey influence the way we work.

Our Purpose

To help improve the lives of people around the world

Our Mission

To provide solutions to our machinery and industrial
product customers that yield superior productivity
and return on investment

Our Vision• T eam Members: To be the safest and best place

to work in the industry• C ustomers: To be the most customer-responsive

company in the industry as determined by ourcustomers• F inancial: To be the most profitable company inthe industry as measured by Return on Invested
Capital (ROIC)The 2023 Terex Sustainability Report8

INTRODUCTION

The 2023 Terex Sustainability Report

Terex Way Values

Sustainability has been front and center at Terex for many years. Our Terex Way Values, which embedthe core attributes of sustainability, continue to guide how we conduct business with our stakeholders:from our team members and customers to our shareholders, suppliers, communities, and many others.
Our values drive our unwavering focus on Zero Harm safety, strong governance, diversity, equity & inclusion(DEI), responsible environmental stewardship, and support for the communities where we live and work.
Integrity

We will not sacrifice integrity for profit.

We are transparent in all of our business dealings.

We are accountable to our team members, customers,
and shareholders for achieving our goals while protecting
our reputation and assets.

Respect

We provide a safe and healthy work environment forour team members.
We treat all people with dignity and respect.

We value the differences in people’s thinking,backgrounds and cultures.

We are committed to team member development.

Servant Leadership

We work to serve the needs of our customers, investors andteam members.

We nurture a “chain of support” versus a “chain of command.”We ask what we can do to help.

Courage

We have the personal and professional courage to do theright thing and take risks that may cause us to win as wellas to fail periodically.
We make decisions and take action.

We don’t admonish failure, only the failure to learn.

Improvement

Citizenship

We challenge the status quo and require stretch goals.

We are good stewards of the environment and thecommunities in which we serve.

We search for new and better ways of doing things,
eliminating waste and continually improving.
We work in teams across boundaries.

We’re good global, local and national citizens.

We participate in making the world we live in a better place.

9

INTRODUCTION

The 2023 Terex Sustainability Report

Sustainability Is an Essential
Part of Our Business Strategy
Dear Terex Stakeholders:and opportunities. For example, shareholders

At Terex, we are accountable to our team members,

for success in the emerging circular economy.

customers, and investors for delivering on ourannual and long-term commitments. This applies
to our financial, commercial, and manufacturingperformance. It also entails how we operate,

which means doing so safely, responsibly, and inaccordance with our Terex Way Values. In 2022,

we conducted a Materiality Assessment to learn

from a broad range of our stakeholders about theelements of sustainability that are most important

for Terex. In 2023, this feedback helped us identify

and prioritize the sustainability activities that would
have the greatest impact on our business and ourfrequently ask how Terex is positioning itself

Customers want to know how our products canhelp them work safely, assist in their success,or meet their sustainability commitments.
Prospective team members, navigating acompetitive hiring landscape, are looking to build
a career with an ethical, sustainability-focused
employer that fosters a diverse, equitable, andinclusive culture.

Below are highlights of our progress insustainability:competitive strengths. As the year progressed,

Environmental: Our MP business segment

goals, metrics, and the internal framework needed

line that is helping advance the world’s evolution

we refined our sustainability strategy, aspirational

includes an expanding environmental businessto enhance sustainability at Terex.

to a more sustainable circular economy. In 2023,

Sustainability is an essential part of our “Execute,

MP team with an award for their contribution to

Innovate, Grow” business strategy, reflecting
the longstanding strengths and practicesof the Company. Our stakeholders expect

Terex to operate responsibly and sustainably,providing solutions to real-world challenges

the Minister of Roads in India presented oura more sustainable environment through themachines we produce in that country. AcrossTerex, most of our products are offered in electricand hybrid versions, meeting the business needsof our customers while also supporting their

John L. Garrison, Jr.
Chairman of the Board
President andChief Executive Officer
Terex Corporation

10

INTRODUCTION

sustainability efforts. As of year-end
2022, approximately 70% of all MP and
Genie machines we produce are available
in alternative power versions. With aneye to the future, we have invested inoutside businesses that are developing
next-generation power sources that can
support and accelerate our developmentof new electric and hybrid products. In our
manufacturing operations, we advanced
our efforts by choosing processes that
promote cleaner energy. We are working
across our global footprint to reducecarbon emissions and energy use by
setting and reviewing metrics on a regularcadence. This is done at the business andsenior leadership levels.
Social: We expanded our efforts to ensurethat we cultivate a culture of inclusiveness,where every team member has an

The 2023 Terex Sustainability Reportopportunity to contribute to our success.
Our workforce continues to reflect higher
numbers of women, and we expanded our
DEI activities to leverage the strengthsof our current talent. Our affinity groups
continued to provide team members witha platform to be heard and supported. We
introduced “I Will” Inclusion Statements to
set expectations for behaviors that drive
an inclusive environment and help teammembers put our value of respect into daily
practice. We refreshed our mentorshipprogram to ensure that team members
receive the guidance and coaching
they need to thrive. Our AWP, MP, andCorporate teams demonstrated support
for the community through a variety of
citizenship volunteering and partnershipinitiatives. Our teams hosted social andcultural events to celebrate team members
from other countries who are part of theirworkplace. And we partnered with the NOWGroup, an organization that advocatesfor people with learning difficulties, toprovide an opportunity to qualify for roles inmanufacturing, including at Terex.

important than conducting businessthe right way. And our value of Courageempowers team members to speak up
about safety and other workplace issues orconcerns.

Governance: Terex, from our Board of
Directors and Executive Leadership Teamto our business and supporting functions,practices disciplined and rigorous
governance. As of September 2023,
serving with me on the Board are eight
independent directors. Our Board is highly
engaged, drawing from their collective
and varied expertise to provide guidance
and oversight, and each serves on one ormore of our three Board committees. Our
Ethics & Compliance team provides theframework and tools to our team members
so that they can conduct business ethically,
reinforced by regular training, informationsharing, and a Business Practices Advocate
program. At every level, Terex is guided by
our Terex Way Values — Respect, Integrity,
Improvement, Courage, Citizenship, andServant Leadership. These values arepresent at every stage of a team member’s
career journey, from the job interview toonboarding and performance reviews, andreinforced through recognition programs.
Servant Leadership means that each of
our leaders has an overriding obligation
to support our teams with the tools andresources needed for success. Our valueof Integrity reinforces that no goal is more

I am proud of our Terex team members fortheir commitment to safety, sustainability,
inclusiveness, governance, and othersustainability dimensions and for the
progress that we have made. Our teammembers are proud and honored that Terex
was named by Newsweek and Statista totheir 2023 America’s Most Responsible
Companies list.
I hope you will enjoy reading this report.
For more information on Terex Corporationand our sustainability initiatives, please visit
www.terex.com.
Thank you, and stay healthy and safe,

John L. Garrison, Jr.
Chairman of the Board
President and Chief Executive Officer
Terex Corporation11

INTRODUCTION

The 2023 Terex Sustainability Report

Sustainability at Terex
Our Company Purpose is to help improve the lives of people aroundthe world. We do this by enabling safer work practices through productinnovation, designing resource-efficient solutions, fostering a workplaceculture of inclusion and well-being, and actively reducing our environmental
footprint. Prioritizing sustainability generates long-term value for our
stakeholders. Through innovation and collaboration, our vision remains
forward-looking, and we aim to be a catalyst for change, inspiring others
to build a better world for generations to come.

ASPIRATIONALGOALSSTRATEGICOBJECTIVES

We have 3 strategic objectives and 9 aspirational goals, which are supported
by initiatives, key performance indicators, and metrics.

INNOVATE

ENGAGEOPERATE SUSTAINABLY

We design products and offer solutions that enable ourcustomers to operate in safe and sustainable ways. Our
solutions lessen the demand on our planet’s limited resources
and support the circular economy — by reducing carbon
emissions, increasing waste processing, and advancing thereuse of scarce resources — leading to a better planet, betterbusiness, and better future.

Our objective is Zero Harm, keeping all Terex team members
safe at work. Our inclusive culture makes team members of
all backgrounds feel welcomed and valued, contributing to ateam invested in their work, each other, and their communities.

We implement sustainable practices at our locations thatminimize our impact on the environment because we supporta healthier planet for current and future generations. We
evaluate our supplier and distribution partners on factors that
include their sustainability practices.

• Be a leader in innovating solutions for safer work practices.

• Be the best and safest place to work in the industry and in• Minimize negative impacts on the environment and society• Sustain an environment that is inclusive and equitable for all• Achieve GHG emission reductions across our organization• Be leaders in the communities where we operate.

• Utilize suppliers and distribution partners that are alignedwith our Company’s sustainability commitments.

• Be a leader in providing solutions that enable sustainablegrowth globally.

• Be our customers’ preferred choice for solutions to meettheir sustainability goals.

the communities in which we operate — where everyone iswelcome and inspired to contribute to the work we do.
team members.

by sourcing sustainably, limiting emissions, reducing waste,
and using water responsibly.
aligned with Net Zero.

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INTRODUCTION

The 2023 Terex Sustainability Report

Materiality Assessment and Stakeholder Engagement
The results of our 2022 ESG materiality assessment,* which were based on input from stakeholders**
that included team members, customers, investors, and representatives from a government agency
and a trade association, guided us on the development of our sustainability strategy.

MONITOREXECUTEMAXIMIZEPRIORITIZE

These issues are important tomonitor for developments.

Actively manage for complianceor adherence to best practice asa “license to operate”/tablestakes.
May also provide foundations forstrategic opportunities.

Material issues identified as strategic
opportunities where the company
can maximize positive impact and/or
strategically mitigate or manage tominimize risks.

The most material of the issues;critical to business transformation,and therefore central to an
integrated and credible sustainablestrategy.

� Biodiversity�	
Environmental Management

�	
Operational Environmental�	Product Development,

Systems�	
Noise from Manufacturing� Water Stewardshipand Product Use

� Supplier Diversity

� Community Development

� Responsible Tax

� Fair Labor and Fair Wages

� Public Policy and Advocacy

� Human Rights

Stewardship, Climate Risk,
and Resilience� Waste Management�	
Future of Work and Automation�	
Responsible Procurement

Practices, Including
Environmental and Social
Impacts

� Transparency and Reporting� Stakeholder Engagement
� Toxic Substances in Products

Key

Environment

SocialSupply Chain

Governance� Business Ethics
� Privacy and Data Protection

Products and Customers* For more information about our ESG materiality assessment results and process, refer to the Terex 2022 Sustainability Report.
** For more information on how we engage with stakeholders, refer to page 81 in this report.

Stewardship, and Innovation
� Energy + GHG Emissions
� Circular Economy�	Product Quality and Safety�	Diversity, Equity & Inclusion�	Team Member Health, Safety,

and Well-Being�	Team Member Recruitment,

Engagement, Development,
and Retention

13

The 2023 Terex Sustainability Report

Environmental
Sustainability
In This Section

Operating Our Business in an
Environmentally Friendly Way
Greenhouse Gas Reduction and Energy
Conservation
Water Conservation at Terex
Waste Reduction at Terex
Biodiversity at Terex
Product Innovation and Solutions
That Improve Sustainability

14

ENVIRONMENTAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Operating Our Business in an
Environmentally Friendly Way

We are good stewards of the environment in the communities where we live and where
our products are used. We are implementing sustainable practices at our locations
because we want to contribute to a healthier planet for current and future generations.
As Terex progresses on its environmental sustainability journey, we are focusedon carbon emissions reduction, energy efficiency, waste reduction, efficient water
consumption, and our biodiversity impact.

Greenhouse Gas
Reduction and Energy
Conservation
We aim to achieve a 15% reduction ingreenhouse gas (GHG) emissions intensity
by year-end 2024, using 2019 as thebaseline. GHG emissions are monitoredfrom direct combustion, electricity usage,refrigerants, and vehicle fuel consumption.
Our manufacturing sites are participatingin our GHG reduction campaign andare implementing emission-reducing
processes. All of our emission reductions
are a result of actions that we have

2-3

implemented at our sites as we are notpurchasing carbon credits at this time.
In line with our GHG reduction goal, we
are targeting a 15% decrease in global
energy intensity from the 2019 baselineby year-end 2024. We believe that our
new facilities, upgrades, and process
improvements enhance energy efficiency
and reduce intensity. Our teams are actively
engaged in projects to decrease overall
energy usage and transition to renewableenergy sources. Successful initiatives in
2022 and 2023 include LED lighting andcontrol upgrades, process optimization,
compressed air upgrades, heat recovery,equipment replacements, motor upgrades,and HVAC improvements.

Emissions and energy metrics prior to 2022 have been revised for improved accuracy.

As a result of our efforts, our GHG emission
intensity and energy intensity decreased
on a revenue basis from 2021 to 2022. In
2022, our total Scope 1 and Scope 2 GHG
emissions were reduced by approximately
13.6% compared to 2019.2 Total energy
consumption decreased by 8% during thesame period. We did have a slight increasein absolute GHG emissions and energy
consumption in 2022,3 primarily driven bysignificantly heightened economic activity
and customer demand across our locations
compared with 2021. New businessacquisitions and improved reporting
across the organization also influenced thereporting figures.

SCIENCE BASED TARGETS
Terex is committed to aligningwith the goal of limiting global
warming to 1.5 degrees Celsius
as outlined in The Paris Agreement. To
achieve this, we plan to set Science Based
Targets to reduce greenhouse gas (GHG)
emissions in accordance with the Science
Based Targets initiative (SBTi). Settingthese targets for Terex involves a rigorous
process, reflecting our dedication toenvironmental stewardship and ourcommitment to addressing climatechange. Science Based Targets will
provide a clear and effective path for Terex
to progress toward a low-carbon future
and make a meaningful impact on climatechange mitigation efforts.

14.95%

reduction in Emissions Intensity
since year-end 2022 from our2019 baseline

9.41%

reduction in Energy Intensity
since year-end 2022 from our2019 baseline

15

ENVIRONMENTAL SUSTAINABILITY

The 2023 Terex Sustainability Report

In 2023, we implemented a new approach. At an enterprise level, we are most focused oncarbon and energy reduction efforts where they will have the greatest impact, specificallythe 12 Terex locations (“Tier 1 locations”) that account for approximately 80% of our GHG
emissions.4 Tier 1 locations are required to establish cross-functional Site Sustainability
Committees. These committees are tasked with integrating energy-efficient practices intobusiness processes, identifying their site-specific GHG emission and energy-consuming
contributors, and implementing improvements as appropriate. We aim to maximize
reductions within the overall Terex carbon footprint by concentrating efforts in areas withthe highest potential for impact.

TieredApproachto GHG
Emissions
Reduction

Tier III
Tier II

Tier I

Remaining Terex Locations
8 Locations accounting for
10% of all Terex Greenhouse
Gas Emissions
12 Locations accounting for
80% of all Terex Greenhouse
Gas Emissions

We have not taken our eyes off the rest of the organization. Carbon and energy reduction
initiatives are being actively planned and implemented. Terex locations continue to
conduct energy-related audits, seeking opportunities that will reduce GHG emissions andenergy consumption. We are using energy more efficiently, installing or upgrading to moreenergy-efficient equipment and HVAC systems at manufacturing locations, continuing
the installations of LED lights, and increasing waste heat recovery. We actively promote
low-carbon transport methods, such as supporting the purchase of bicycles and leasing
electric/hybrid Company vehicles, and we are progressing on other opportunities thatencourage our team members to reduce their GHG emissions.

4I n 2022, we developed our new approach based on available emissions data from 2021 and ourestimation of emissions from our new Genie Monterrey location.

SPOTLIGHT

Leading the Reduction of
Our Environmental Footprint

Kelly Crawford, Senior HSE Governance Manager, and Richard Moore,
Sustainability Manager, are leading the efforts to reduce our environmental
footprint throughout our organization, developing the tiered approach in orderto maximize our impact, and supporting all our Terex sites in their sustainability
journey. Examples of their impressive work in 2023 include the implementationof asset registers, the development of a tracking system for energy efficiency
and carbon reduction projects, the implementation of energy and water
monitoring systems, and sharing and supporting other best practices.

16

ENVIRONMENTAL SUSTAINABILITY

Operating from Renewable Resources

To further enhance energy efficiency, Terex utilizes renewable energy technologies.
In 2023, we switched to 100% renewable energy to power our Material Processing plants
at 8 locations in Northern Ireland and at our 2 Utilities plants in South Dakota. Terex has
witnessed a growth in self-generated energy, with solar panels in use at our facilities
in Changzhou, China; Monterrey, Mexico; and Umbertide, Italy, and there are plans in place
for solar panel installations at other Terex sites.

The 2023 Terex Sustainability Report

Consumption of Self-Generated
Non-Fuel Renewable Energy
MWh

784
549

522

2020

2021

2022

Terex Utilities in South
Dakota uses 100%
green energy to powerits facilities

17

ENVIRONMENTAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Emissions Intensity*

Energy Intensity*

Absolute MTCO2e / Million USD Revenue

2019

14.7
12.9

2020

11.5

2021

2022

11.4

Scope 1/ Scope 2

2019

2020

2020

2021

2022

182.0

TargetMWh

24,39728,035

2019

193.9

Total Energy Consumption*

MTCO2e34,178

219.5

214.1

TargetAbsolute GHG Emissions*17,145252.5

19,69730,4932021

19,396

31,197

Electricity / Fuel

13.5

Absolute GJ / Million USD Revenue

163,602

95,085

2022

151,623

152,826

75,43484,692

84,348

2020

2021

2022

139,7822019* The charts above include data that has been externally verified. See page 66 for the external assurance statement. The GHG Emissions Intensity, Energy
Intensity, Absolute Emissions (Scope 1 and Scope 2), and Total Energy Consumption metrics include reported information from 79 Terex sites and do notinclude information from all Terex locations. D ata prior to 2022 has been revised for improved accuracy.

We are targeting a 15%
reduction in GHG emissions
intensity and energy intensity
by 2024 from our 2019 baseline

Scope 3 emissions pose challenges in measurement
and management due to their involvement with activities
and sources beyond our Company’s direct control.
Nevertheless, understanding and addressing Scope 3
emissions are vital for a comprehensive corporate
sustainability approach and reducing a company’s overall
carbon footprint. In 2023, Terex made strides in evaluating
and reporting Scope 3 emissions by assessing the 15
associated Scope 3 categories, each with a Short-,
Medium-, or Long-Term reporting target. Some categories
were found not applicable to Terex, such as Category 13(Downstream Leased Assets), Category 14 (Franchises),and Category 15 (Investments). Currently, we monitor,
track, and report on Scope 3, Category 3 (Fuel- andEnergy-Related Activities Not Included in Scope 1 or
Scope 2). Scope 3, Category 3 encompasses the upstream
emissions associated with purchased fuels, purchased
electricity, and the transmission and distribution losses
relevant to Terex. Our ongoing effort involves assessing theremaining Scope 3 categories to determine their relevancefor our operations.

18

ENVIRONMENTAL SUSTAINABILITYSPOTLIGHT

Terex Genie Mexico
Achieves Gold
Certification forGreen Building

The 2023 Terex Sustainability Report

In 2023, Genie’s newest manufacturing facility
in Monterrey, Mexico, earned the prestigious
Leadership in Energy and Environmental
Design (LEED) Gold certification from the US
Green Buildings Council (USGBC). LEED is
the most widely used green building rating
system in the world and an international symbol of excellence. To
achieve LEED certification, a project must earn points by adhering
to prerequisites and credits that address carbon, energy, water,
waste, transportation, materials, health, and indoor environmental
quality. Buildings that are LEED certified save money, improve

efficiency, and lower carbon emissions, creating healthier places
for people to work. They also are critical to addressing climatechange and meeting sustainability goals. The Terex Genie Mexico
facility achieved LEED certification for implementing practicaland measurable strategies and solutions in areas that included,
but were not limited to, reducing indoor and outdoor water usage
and optimizing energy performance and renewable energy
production — all identified as regional priorities. This achievement
supports Terex’s commitment to helping build a sustainable future.
Congratulations to all those involved in the Monterrey project who
helped make this happen!

19

ENVIRONMENTAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Water Conservation at Terex
We place a strong emphasison conserving water inour operations, even though
our production methods
naturally require low water usage. Our
facilities in India, Italy, Mexico, and China
are especially mindful of the limited
availability of water. To address this, wehave adopted various technologies
and practices aimed at reducing water
consumption, such as the installationof efficient taps. We have implemented
advanced irrigation technology, including
the reactivation of secondary wells on-site
and the collection of rainwater for reuse.
At our Genie plant in Changzhou, China,
we are planning to introduce a systemthat will monitor energy and water usage,
which we anticipate will spur further
conservation efforts. We will continue
to explore other water conservation
opportunities across the Company andare developing a comprehensive water
conservation strategy to promote and track
best practices across all our facilities.

To ensure compliance with water permit
laws, all Terex locations strictly adhere
to local and regional regulations, guided
by the Terex environmental roadmaps
that encompass water management andvarious other environmental aspects.
These roadmaps provide a structured
approach for Terex to reduce hazards,
comply with regulations, and continuously
enhance processes, covering areas suchas air emissions, chemical management,
energy conservation, hazardous waste,groundwater, stormwater, and waste
management.

Waste segregation at our Monterrey,
Mexico manufacturing facility.

Waste Reduction at Terex

Our commitment toenvironmental sustainability
includes focusing on waste
reduction. We recognizethat minimizing waste sent
to landfills is important to achieving ourbroader sustainability goals, especially inthe context of climate change mitigation.
Terex aims to reduce the environmental
impact of waste while also enhancing
resource efficiency.

Terex locations across different regions areembracing waste reduction by launchingsite-specific initiatives. Our MP Hosur, India
facility has introduced on-site recycling ofprocess byproducts. This approach not
only reduces waste but also minimizes
the overall consumption of the product,
supporting a circular economy mindset.
Our Fort Wayne, Indiana, and Umbertide,
Italy sites are proactively managing wood
waste through wood waste crushing, in turn
reducing disposal impact. At MP locationsin Northern Ireland, cardboard is being
recycled. Waste segregation practices
further emphasize responsible handlingacross our sites. By actively engaging inrecycling, reusing, and innovative waste
management practices, we are supportinga more sustainable future.

20

ENVIRONMENTAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Biodiversity at Terex
Terex recognizes the paramountimportance of addressing biodiversity
conservation at its operational facilities.
Our commitment involves not only
minimizing the negative impact of ouroperations on biodiversity, but also
proactively working to enhance theecological value of these sites.
As part of our ongoing environmental
efforts, we plan to develop a comprehensive Biodiversity Action Plan to strengthen
our biodiversity initiatives. This plan will
guide our facilities in assessing theircurrent impact on local biodiversity,
identifying areas for improvement, andimplementing specific measures for
mitigation and enhancement.
Recognizing Terex’s global presence,
we acknowledge that each facility faces
distinct biodiversity challenges. We aim
to conduct site-specific biodiversity
assessments of our Terex locations. These
assessments will offer a detailed analysis
of local flora and fauna, allowing us tocustomize our conservation efforts to eachsite’s unique requirements.

SPOTLIGHT

Combating Climate Change and Supporting Local Communities
Tree planting is vital for combating climate change because trees absorb
greenhouse gases and help stabilize the climate. While not a standalone
solution, it is a powerful and accessible strategy in conjunction with emission
reduction initiatives, thereby contributing to meaningful climate action.
Tree planting initiatives raise awareness about climate change, encouraging
broader climate action and sustainable practices within the local community.
To mark World Earth Day 2023, our Campsie, Northern Ireland site planted
trees in alignment with the new layout of the site’s parking lot. In support of ourongoing outreach to local schools, the site invited a locally based school (children
from its Eco Club) to assist with the tree planting. In 2022, our Umbertide, Italy
site collaborated with the local municipality to regenerate a green area in thecommunity by planting new trees. This initiative aims to enhance air quality andthe overall quality of life for residents in the area.
In 2023, our Genie team in Nuevo Leon, Mexico committed to planting
450 native trees on-site to enhance regional biodiversity. Tree planting canenhance biodiversity by creating new habitats and providing resources tosupport a variety of species. Careful planning, site selection, and ongoing
management are essential to ensure that tree-planting efforts lead to thriving
and diverse ecosystems.

Tree Plantation Project in Campsie, Northern Ireland

21

ENVIRONMENTAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Terex Advance all-electricmini-mixer

Product Innovation and Solutions That Improve Sustainability
Terex designs products and provides
solutions for our customers that ease thedemands on our planet’s limited resources
and support the circular economy —reducing carbon emissions, increasing
waste processing, and advancing
recycling and reuse of scarce resources.

Electrification

Our customers want products that
operate on battery-electric and fuelelectric hybrid options. By year-end 2022,
approximately 70% of MP products andGenie machines offered electric and/or
hybrid options.

Terex is proud to be a leader in electricvehicles (EVs). In 2022, Terex was thefirst-to-market with an all-electricutility bucket truck. We partnered with
Navistar using their International eMVelectric chassis, and Viatec using their
SmartPTO technology, to offer a noiseand emission-free truck. In 2023, Terex
Advance followed suit, introducing a zeroemission mini-concrete mixer truck (using
the same technology) to the market.
As regulations and jobsite needs
for cleaner, quieter equipment have
evolved, Terex has been there, innovating
its equipment in ways that improvesustainability and help customers meettheir business goals. Many Genie liftmodels offer electric or hybrid options
that deliver quieter, reduced, or emissionfree performance, needed for indoor
working environments as well as city
centers and other jobsites with noise andemission restrictions.
In October 2022, Genie introduced alithium-ion battery for its GS slab scissor
lifts. Our lithium-ion battery has an
expected lifespan of approximately 10
years, delivering the benefits of electric
power while reducing one of the biggest
ongoing maintenance requirements
for electric lift owners — battery
replacement. Genie lithium-ion batteries

are purposefully designed for use in
MEWPs, have undergone 2.5 years of
rigorous testing to ensure performanceand reliability, and are certified by
Underwriters Laboratory (UL) against fire,electric shock, and explosion.

22

ENVIRONMENTAL SUSTAINABILITY

Our MP segment offers cranes, crushers,
and screeners that can operate fromelectrical power supply lines, reducing
the use of fuel. MP also offers electric
shredders and material handlers.
Within MP, there are many examples of
how our equipment supports customers
in reducing their carbon emissions.
Powerscreen’s “Pillars of Decarbonisation”
highlights our ongoing commitment toproviding solutions that work toward
greater sustainability, beginning with theintroduction of the concept of mobile
crushing and screening and the additionof conveyors to reduce double handlingof materials, evolving to solutions that
increase fuel efficiency, and looking

The 2023 Terex Sustainability Reportto the future with Powerscreen’s
electrification strategy.
An example of new technology is thePowerscreen Gladiator™ MT1150SR
that debuted this year and is part of arange of wheeled crushing and screening
plants that are easy to operate and move
while being reliable and environmentallyfriendly. The Powerscreen Gladiator™ has
the highly efficient crushing chambers
and screenboxes that Powerscreen isfamed for and is electrically driven using
Powerscreen Hybrid™ technology. This
makes the Powerscreen Gladiator™
an ideal choice in locations with strict
environmental regulations.

POWERSCREEN’S “PILLARS OF DECARBONISATION”

The “Mobile”
Concept

Conveyors

Fuel Efficiency

Electrification

unnecessary
material handling

handling of material•L ess requirement

Design: engine
technologies
and machine
innovations for
reduced fuel usage

models: alternative
power train options•R educes•A bility to recycle

and reuse material
at point of use•R educes double

for wheel loaders• Drive-Train• Telematics:

actionable data formost fuel-efficient
operation•P owerscreen Hybrid•F uture: Eco-Warrior

battery-powered
screener

23

ENVIRONMENTAL SUSTAINABILITYSPOTLIGHT

Machines Powered by Wind Energy
Pictured above is a customer in Ireland using a Finlay jaw and cone crusher thatis powered by an on-site wind turbine. The equipment is set up to automaticallyprioritize consumption of electrical power from the turbine before consuming
it from the grid, if needed. When fully operational, the wind turbine produces
enough electricity to power both machines. When the wind turbine is notoperational, the grid supplies the electricity to power the crushers, allowing theequipment to continue working with zero emissions.

The 2023 Terex Sustainability Report

Fuchs® launched the MHL820 BATTERY+,a new battery-powered material handlerthat features a modular drive system. Its
zero-emissions rechargeable battery packenables customers to operate in either
a semi-stationary mode (with a mains
connection) or independently for up to
two hours at full performance. The machine
can return to its intended location andcontinue working there with a mains supply
while the battery is automatically andquickly recharged.

that has been awarded the equivalentof $8.3 million in funding by the UK
Department for Energy Security and Net
Zero (DESNZ). In total, this funding is partof a $10.5 million initiative to decarbonize
off-road mobile machinery. The projectwill deliver a decarbonized, end-toend demonstration of a Powerscreen
Premiertrak crusher and Chieftain screener,
powered by green hydrogen and e-diesel,
at a working quarry site in Northern Irelandin 2024.

We have defined product roadmaps
to increase penetration of electrified
and alternative energy environmentallyfriendly products. In addition to our own
internal research and development, weare partnering with tech companies andseveral universities to develop lower andno-carbon energy alternatives.

Terex Advance and Cummins also recently
announced their collaboration on the
integration of the Cummins X15H hydrogeninternal combustion engines into the
Terex Advance Commander series ofconcrete mixer trucks. Currently powered
by Cummins diesel engines, the Terex
Advance Commander series will include
a zero-carbon hydrogen fuel option whenseries production of the Cummins X15H
engines begins later this decade.

We are excited about our recently
announced collaboration with CATAGEN,a net-zero technology company, andWrightbus, a leader in transport innovation,
on a research and development projectAwarded$8.3M

in funding by the UK Department
for Energy Security and Net Zero

Overall, we believe that thesedevelopments pave the way for an evengreater change to powering equipmentin the future. Terex has taken the leadon many of these developments within
the industries that we serve, and wewill continue to evolve our approach toalternative, environmentally friendly power
options as technical capabilities advanceand customer demand for these solutions
increases.

24

ENVIRONMENTAL SUSTAINABILITYCIRCULARECONOMYUSE

T I ON

Terex® Recycling Systems and
ZenRobotics® are putting waste back to

N

TEREX RECYCLING SYSTEMS

PR

G

UC
OD

Sustainability is fundamentally linked tothe products produced across the MP
portfolio, which not only offers solutions
to recycle and repurpose waste material,
but also safeguards our planet’s limited
resources.

work. Our recycling systems consist of
feeders, conveyors, screeners, shredders,sorters, and separators that can be used
for a variety of different waste applications:construction and demolition (C&D) waste,commercial and industrial (C&I) waste,
wood waste, alternative fuels and otherapplications such as compost/organics,
municipal solid waste, incinerator bottom
ash, and dry mixed recyclables. With
ZenRobotics’ proprietary AI technology,

RE C Y
CL I

Recycling and the
Circular Economy

The 2023 Terex Sustainability Report

In March 2023, Terex Recycling Systems(TRS) completed an installation at a
UK recycling and waste managementcompany. The installation incorporated
advanced mechanical separation toincrease the customer’s processing
capacity and recover products of ahigher purity than what was previously
achieved, while not adding to manuallabor requirements. The TRS teamworked within a restricted space and theconstraints of fitting the plant inside andaround the customer’s existing building.
The outcome is a highly efficient plant thatis processing skip waste — a mixture of
C&I and C&D waste — to produce metals,
wood, plastic, paper, and cardboard,
diverting this material from landfills.

25

ENVIRONMENTAL SUSTAINABILITY

VIDEO EXTRAS
ZenRobotics Fast Picker

The ZenRobotics Fast
Picker module can be easily
fitted onto new and existingprocessing lines and canprocess up to 80 picks per
minute.

The 2023 Terex Sustainability Reportwaste management facilities can
upgrade their recycling infrastructurewith smart robotic recycling to maketheir operations safer and more efficient,accurate, and profitable.
C&D waste is made up of debris fromconstruction and demolition projects
and generally contains a wide variety ofheavy materials such as brick, concrete,sand, soil, and many others. If correctly
processed, these materials can berecovered and used as secondary
aggregates or fuel or can be recycled.
For example, wood can be used as analternative fuel source, and metals, whichhave a high resale value, can be recycled.
Our recycling systems are designed towithstand the harsh and abrasive natureof construction and demolition waste.
C&I waste arises from manufacturing
and retail operations and generally
consists of light packaging materials,
such as cardboard, paper, and plastic.
Our equipment is designed to process large
volumes of commercial waste efficiently
and offer high recovery andpurity rates.
Wood waste comes froma variety of sources including
construction, demolition, andmanufacturing. It is often separated at
the source but can also arise from sorting
processes of other mixed waste streams.

Our recycling systems are designed toprocess wood waste efficiently.
Waste that is not suitable for recycling canbe used as a substitute for fossil fuels togenerate electricity, usually known as RDF(refuse-derived fuel). Our environmental
equipment can process residual waste
efficiently and produce high-quality
products that can be used as a substitutefor fossil fuels.
Recently, the UK’s largest independent
supplier of integrated waste management
and environmental services optimized theirwaste sorting process to pick higher-value
products and increase efficiency using a
ZenRobotics Fast Picker. By integrating
this piece of equipment into their existingprocesses, the company is now able tosort food-grade plastics, including milkbottles and soft drink bottles, allowing
these valuable materials to achieve higher
market value, and be recycled as foodgrade plastics.

Terex is also active within global waste
markets through Terex Ecotec, CBI,and Fuchs. Fuchs material handlers
feed complex material, such as scrap
steel, forestry waste, and demolition
waste, into downstream equipment,such as our CBI grinders, Terex Ecotec
shredders and trommels, and mobile
crushing and screening equipment fromour Powerscreen, Finlay, and EvoQuip®
brands. Our downstream equipment thensize-reduces and separates the material
into stacks of uniform material that canbe repurposed or recycled. Without theprocessing performed by our Company’sequipment, much of the material being
processed would end up in landfills or
incinerators.

The Cobra 230 Portable Impact Crusher is a machinethat provides class-leading productivity, unmatchedversatility, and excellent fuel efficiency.

26

ENVIRONMENTAL SUSTAINABILITYSPOTLIGHT

Protecting Iron Ore Resources

This photograph is of a Fuchs machine at work, used bya customer in the Netherlands to turn mixed scrap into
high-quality raw materials for new products, protecting
the Earth’s natural reserves of iron ore. In recent years, thecustomer has experienced a strong increase in demand
for sorted raw material and opted for the Fuchs MHL390 F
to aid them in satisfying the demand. This diesel-efficientmachine ensures fast ship loading of material and is usedaround the clock, five days a week.

The 2023 Terex Sustainability Report27

ENVIRONMENTAL SUSTAINABILITY

Terex Ecotec designs and manufactures
equipment for the wood processing,biomass, and recycling industries. Recently,
Europe’s leading producer of circular andlow-emission steel used a Terex Ecotec
TMS 320 Metal Separator to boost its
metal recovery capacity. Primarily designed
for separating metal from compost,
biomass, IBA (Incinerated Bottom Ash), andwaste, Terex Ecotec further developed themachine to make it suitable for the heavy
demands of a solely metal processing

The 2023 Terex Sustainability Reportwaste stream. The machine is processing
over 10 tons of non-ferrous metals per
day — material that would have been sent
to a landfill. The remaining organic material
is being used as recycled fill. Poweredby either an onboard engine with soundattenuated canopy or mains electricalsupply, the machine also provides thecustomer with reduced operating costs,
fuel usage, emissions, and noise levels.
Terex Ecotec and CBI were proud to havebeen granted a Sourcewell contract

for the “Recycling and Repurposing
Equipment with Related Accessories,
Supplies, Technology, and Services” RFP.
This contract will make Terex Ecotec
and CBI equipment available to public
sector agencies, educational institutions,and nonprofit organizations acrossthe United States, which will enable
these organizations to optimize theirwaste management processes, reduce
landfill waste, and contribute to a moresustainable future.

28

ENVIRONMENTAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Sustainable Applicationsin the Aggregates Industry

The mobile aspect of our mobile crushingand screening brands has always
contributed to decreasing the carbon
footprint per ton of material produced.
This is done by reducing unnecessary
material handling involved in haulingand loading material to static plants inaggregate production and allows forrecycling and reuse of material at the pointof use, as in road building projects where
sub-base material is produced on-site.

Additionally, mobile screens are capableof screening and separating a wide variety
of materials for further recycling or reuse.
Our Powerscreen Warrior 1200 screen,for example, is used for cleaning various

landfills in urban centers of India, enabling
future land development.

Historically, waste in India, such as
construction, demolition, and municipal
solid waste, was not segregated at
the source. Now, a single screen canseparate material into three streams while
processing 500-600 tons of waste per day.
Our mobile machine works directly on-site,
eliminating the transportation of material,
thereby reducing the carbon footprint.

29

ENVIRONMENTAL SUSTAINABILITY

Terex Washing Systems provides
sustainable solutions for the minerals
washing industry. Through the combinationof a broad spectrum of specialized
equipment, our systems use water torecover useful materials from waste.
Our water treatment product portfolio
contains various technologies and systems
that convert the resulting dirty water toclean water that can be reused in thewash recovery process. For example, wedeveloped a solution for one customerthat turned waste into two different
recycled sands and three different recycled
aggregate products from several waste
streams. Of the water used during theprocess, 95% is available for reuse.
The Terex Washing System’s VacRecoverplant has an innovative design that

The 2023 Terex Sustainability Reportenables it to process dirt slurry andtransform it into saleable materials. Dirt
slurry is made up of diverse material
compositions, such as sand, rock, or mudthat is ordinarily destined for landfills. An
asphalt and aggregate supplier in Canada
is using our VacRecover plant to handle
diverse material, reclaiming approximately
80% of the waste and transforming it
into saleable materials. By recoveringand salvaging materials that were once
destined for landfills, the VacRecover plantsignificantly reduces the environmental
impact associated with quarry depletionand transportation of materials fromdistant sources.

the area that will use the material generated

In Europe, Terex Washing Systems is
actively supporting urban quarries.
Traditionally, quarries are located outside

new reserves. About 90% of the water usedfrom the quarry. Urban quarries, however,

VIDEO EXTRAS

area (typically, the city) in which the new

Capital City VacRecover Plant

are located within the perimeter of thematerial will be used. Urban quarries reducethe carbon footprint because materials do
not have to be hauled to and from a moredistant quarry. At an urban quarry site, ourTerex Washing Systems use a combinationof 20-30 different process and water

treatment equipment to treat and recycle
waste, reducing the amount of waste

disposed of in landfills. Terex Washing

Systems also reduces the amount of newmaterial taken out of the ground because

the recycled material lessens the need for

during our recycling process is reused, andonly 10% is lost in the aggregate.

Capital City Paving is using aTerex VacRecover Washplant
to recover and reuse materials
that would traditionally end up
in landfills.

30

ENVIRONMENTAL SUSTAINABILITYSPOTLIGHT

Making Quarries More Sustainable
Overburden is sludge-like material found on top of fresh rock at a quarry. Traditionally, overburden
is discarded as waste product because it is difficult to process. Our Terex MDS® equipment has thetechnology to process and recycle overburden, turning it into usable, saleable material.

The 2023 Terex Sustainability Report

31

ENVIRONMENTAL SUSTAINABILITY

Concrete is fundamental to economic
advancement and global growth, andsecond only to water as the mostconsumed global resource. Fostering
efficient and sustainable practices
for concrete production and delivery
is essential, contributing to a moresustainable future for the industry. ProAll®
produces volumetric mixers, which aremixers mounted on a truck or trailer withThe 2023 Terex Sustainability Report

separate compartments for sand,stone, cement, and water. On arrival at a
jobsite, the machine mixes the materials
on the spot to produce the exact
amount of concrete needed. Volumetricmixers reduce waste and associatedcosts by providing exact quantities andby hauling just the amount of concreteneeded at a site.

Alternative Energy

CBI grinders create pulp used to producepellets for wood energy and sort waste
used to power waste-to-energy plants.
Genie lifts and telehandlers are usedin the installation and maintenance of
solar roofs. Without our products, theseapplications would be impractical or far
less efficient for customers to perform.

32

The 2023 Terex Sustainability ReportSocialSustainability
In This Section

A Strong and Supportive Team Committed
to Safe Work Practices
Safety at Terex
Innovative Products That Promote Safe
Work Practices
Committed to Diversity, Equity & Inclusion
Helping Team Members Reach Their Full
Potential
Competitive Compensation and Benefits
Engaged and Involved in Our Local
Communities

33

SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

A Strong and Supportive Team
Committed to Safe Work Practices
Terex attracts, develops, and retains top talent to be part of our team. We have a diverseand highly engaged global workforce, and we strive for an inclusive culture where teammembers of all backgrounds feel welcome and valued. The safety of our team and our
end-users is our number one priority.
In our Zero Harm environment:• Team members look out for each other,raise awareness of hazards they identify,
and correct at-risk situations without
hesitation. (“We don’t walk by.”)• Near-Miss reporting is viewed as apositive. Near-Misses are incidents that
had the potential to cause, but did notactually result in, injury or death. The
issues are discussed openly, resolved
as promptly as possible, and shared aslearning moments.

• Pausing the job is used when needed.

Zero Harm: Our Vision for Safety

At Terex, safety is an absolute way of life. We arecommitted to Zero Harm, and we expect all teammembers to be committed to this goal and to eachother for continuous safety improvement.

• Management team meetings regularly

include discussion of leadership’s
impact on the Terex safety vision and ourprogress toward a strong safety culture.

• Continuous improvement discussions

start with safety, end with safety, and go
beyond compliance.

• Leaders conduct safety observations

on a regular basis. This is viewed as astandard business activity.

• Senior leaders and front-line teammembers have regular, routine, andpositive interactions focused on safety.

Safety at Terex
The Terex Board of Directors oversees ourCompany’s Health Safety and Environment(HSE) Management System. Five times a

year, during our regularly scheduled Board
meetings, the Company reports on teammember health and safety.

John L. Garrison, Jr., our Chairman,

President and Chief Executive Officer,

chairs monthly global meetings with local
management and HSE team members toreview Near-Misses and Lost Time injuries

34

SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

so we can learn from these incidents andprevent them in the future.
We maintain a Global Environment, Healthand Safety Policy and clear standards. All
businesses within Terex are responsiblefor day-to-day risk mitigation, complianceassurance, and HSE culture. Our robust
HSE Management System is the foundationfor our journey to Zero Harm and includes:• Management leadership• Team member involvement• Serious injury and fatality prevention• Compliance management• Safety culture• Risk reduction and improvement plans• Metrics and monitoring• Resources and competency• Problem identification and resolution• Health management

Currently, Terex has a global networkof more than 75 HSE professionals
who support health and safety at oursites. Several times a year, HSE leadersconvene to review trends, assess processeffectiveness, share best practices,and plan the organization’s next steps
in its HSE journey to Zero Harm.
Our HSE program drives accountability
through detailed metrics and datatransparency. Our enterprise-widesystem records most of our HSE data,

75+

Terex has a global
network of morethan 75 HSE
professionals who
support health andsafety at our sites

enabling robust analysis to identify
continuous improvement opportunities.
Key performance indicators (KPIs) suchas injuries, illnesses, Near-Miss events,
counter-measure closures, training
completions, and regulatory activities
are tracked using industry-standard
benchmarks. However, our focus on metrics
does not diminish what is most important:
our team members’ safety at work.
Safety culture is deeply ingrained in ourbusiness, empowering our teams toprioritize safe work practices. We provide
our team members with the tools, training,and systems needed to plan and performtheir work safely. All team members
are expected to pause any job if theyencounter or observe an unsafe condition,
at-risk behavior, or any situation that posesa risk to the team. Our leaders are expected
to foster a culture of safety, ensurethat their teams are equipped for safe
operations, and support pausing a job.

35

SAFETY
SAVESSAVESLIVES LIVESSAFETYFETY SAVES LIVESSAFETY SAVES LIVESFETYSAVESSAVESLIVESLIVESSAFETYSAFETY SAVES LIVESSAVES LIVESThis is how I stay safe on the job.

SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

This is how I staysafe
on thejob.safe on the job.
Thisis how
I stayPreventing Serious Injuries and Fatalities
Through Our Life Saving Behaviors

I protect myself

This is how I stay safe on the job.

againstfalls
Exposures with the potential for serious
injuriesor whenfatalities
working at height.
are categorized, communicated, and investigatedfollowingThis is how I stay safe on the job. FORKLIFT “LINE OF FIRE” SAFETYa unified Company-wide standard. To drive improvement,
At Terex, the HSE program placesI significant
emphasisstand clear
I protect myself
there are 11 SIF Roadmaps in place, specifically designedof thePrevention.
danger zone
on Serious Injury and Fatality (SIF)
To achieve
against falls whento reduce the risk of SIF events and promoteadherence
this, 9 Life Saving Behaviors have frombeenunstable/
identified asworking atheight.
suspendedloads.
to the Life Saving Behaviors. Implementation of these SIF
crucial for preventing the most severe incidents. TheseI standclear
I verifysites
isolation
Roadmaps
andnon-negotiable rules are mandatory
for allteam members
I protectmyself
I standclear is mandatory for all manufacturingofthedangerzone—lock,
tag,
and try—againstfallsdanger
when
is tiedzone
to performance management. Progress is closelyof theto follow and are supported by our Company’s Safety

This is how I stayon thejob.safe on the job.
Thissafe
is how
I stayclear

er zonestable/d loads.

from unstable/ working atfrom
when work involves
height.
unstable/ by the CEO, the Executive Leadershipmonitored
Team, and
Leadership Standard Work, whichsets expectationsforsuspendedloads.
hazardous energy.
suspended loads.

This is how I stay safe onthethe
job.
Board
of Directors.

leaders throughout the organization.

myselfclear
I follow I protectI standwhen zone I protect myself
of falls
the danger
my lifting plan: against

height.
unstable/
No Plan, No Lift. working atfrom
suspended loads.

stay Safety
safeI standonSaves
the
job.
clear
Lives I follow
clear
r zonetable/
oads.

of the danger zone
from unstable/suspended loads.

my lifting plan:
No Plan, No Lift.

against falls whenworking at height.

I verify isolation—lock, tag, andI try—
follow I protect myself
when work
myinvolves
lifting plan: against falls whenhazardous
energy.
No Plan,
No Lift. working at height.

I check I verify isolation

I verify isolation—lock, tag, and try—
when work involves
hazardous energy.

I protect myself
against falls whenworking at height.

I protect myself
against falls whenworking at height.

I verify isolation—lock, tag, and try—
when work involves
Recently,energy.
the MP Health, Safety & Environment teamhazardous

developed and released a “Line of Fire” safety video showing
I obtain authorizationI verify
isolation
the view of a forklift driver. In the video, team members canand validate air quality —lock,tag, andobserve
how atry—
forklift driver’s field of vision is obscured bybefore entering awhenthework
mastinvolvesof the truck and can be further obscured by theconfined space.
hazardous
height ofenergy.
the items that are being transported. The video

obtain authorization I obtain
instructs team members that they should never assume theythat my interlocks and —lock, tag, andI try—
authorization
I verify isolation Iandfollow
have been seen by the forklift operator and are reminded ofvalidate
air
qualityI
protectmyselfof the danger zone guarding work correctly
g plan:andvalidate
air quality—lock,
tag,
and
try—
the Life Saving Behavior “I position myself in a safe zone in
myinvolves
lifting plan:
before entering afalls when and I when workfrom unstable/ against
No Lift.
on my equipment
beforeentering
a equipment.”
when
work
involves
relation to moving
No energy.
Plan, No Lift.
confined space.
atbypassheight. them. hazardous
suspended loads. working
neverconfined space.
hazardous energy.
I check I obtain authorization
I check I verify isolation
ollow
that my interlocks and andI obtain authorization
validate
air quality
thatmyinterlocks
and —lock, tag, and try—
I wearI
follow
plan:
guarding work correctly before
and validate air quality
enteringawork correctly
my seat belt.
my lifting plan: on my equipment and I guarding
when
work
involveso Lift. I protect myself
before entering aagainst falls
I stand clear of the danger
Iconfined
verify isolation
—
lock,
tag,
I
followmyliftingplan:
Iobtainauthorization
space. and I
on my— equipment
No Plan,
No Lift. zoneneverenergy.
at heights.
from unstable/
when work involves hazardous
No Plan, No Lift.
and validate air quality before
bypass them. and tryneverconfined space.
check when working
bypassthem.
suspending loads.
hazardous
energy.
entering a confined space.
I
check
I
obtainauthorization
cks and
I position
myself andisolation
I follow I verify
that
my interlocks
and I obtain authorization
validate
air quality
I wearorrectly
in
a
safe
zone
in
relation
I wearand validate air quality my seat belt.
—lock,
tag,
and
try—
my lifting plan:
guarding
work correctly
beforeenteringant and I
tomovingequipment.
my seat belt.
beforeentering
a
when
work
involvesI
PAUSE
No Plan, No Lift.
on my equipment
confinedspace. and I
sheck
them.
confinedspace.
hazardous energy.
and
ask
for
help
from
my
never bypass them.
I check I position myselfs andobtain authorization supervisor if a condition
I position myself Iand
I
wear
that
my
interlocks
andrectlyvalidate air quality is not safe or I cannot takeI wear
in a safe zone in relation inmya seatsafe belt.
zone in relation before entering aand I guarding work correctly to moving equipment.
actions. If a near my seat belt.
I thesePAUSE
to moving equipment. confined space.
on my equipment and I
them.
miss
occurs,I report
it I PAUSE
and ask for help
from mynever bypass
them.
I
check
and ask for help from my
On
the
road
immediately.
myself that my interlocks and I obtain authorization Itoposition
supervisor
if a condition supervisor if a condition
zero
harm.
myselfI
wear
elationis not safe or I cannot take is not safe or I cannot take
II pause
wearand ask for help
validate
air quality inguarding
work
correctly andcheck thatmy interlocks
I wearmy seat belt.
I position
myselfininrelationa safeaseat
safebelt.
zone
mypment. Iandthese actions. If a nearguarding
work correctlyzone
in relation to moving
fromseatmy supervisor
I to
PAUSE
my
belt. if aon myequipment
and I before entering amovingequipment.
actions. If a near
I thesePAUSE
on my equipment and neverequipment.
condition is not safe ormiss occurs, I report it
and
ask
for
help
from
my
never bypass them. confined space.
missaskoccurs,I reportitbypass them.
I cannot take these actions.
andfor help
from myOntheroad
immediately.
supervisor if a condition If a Near
yself
On
the
road
Miss
occurs,immediately.
zero harm.
supervisor if a condition
I position myself
to zeroharm.
istonot
safe or I cannot takeII wear
lationreportit immediately.
is not safe or I cannot take
in
a
safe
zone
in
relationactions. If a near my seat belt.
ment.
I these
PAUSE
these actions. If a near
to moving equipment.
missoccurs,I report
it I PAUSE
andask
for help
from mymiss occurs, I report it
On the road
immediately.
help from mysupervisor
if a condition andOnask
theforroad

follow

I stand clear

PAUSE
THE JOB

PAUSE

PAUSE
THE JOBTHE JOBPAUSE
THE JOBPAUSE
THE JOB36

SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Keeping the Team Safe Every Day with
the Terex Injury Prevention Behaviors

The Terex Injury Prevention Behaviors serve as a universal

The Injury Prevention Behaviors (IPBs) at Terex are
fundamental to keeping our team members safe. Thesebehaviors have been carefully developed and are basedon the most prevalent risks faced by our workforce,
making them crucial in preventing injuries.

language, facilitating the recognition and discussion of

key factors contributing to injuries within our organization.
Comprehensive training is provided to familiarize teammembers with these essential behaviors. Moreover, ourleaders play a vital role by effectively communicating anddemonstrating the importance of adhering to the IPBs.

How Team Members Prevent Injuries While on the Job
SPOTLIGHT

MP Hosur Surpasses
Safety Milestone
Seek Help for Discomfort

Don’t Use Excessive Force

Careful Material HandlingFirm Foundation

Always Wear Gloves

Follow Standard Work

Know What Moves

Report Near Misses

Keep Hands and Fingers
Clear of Machines

In 2023, MP Hosur surpassed a milestone of 3,000
days with No Lost Time Injuries and has reduced
recordable injuries by 70% since 2016. This
accomplishment reflects the team’s unwaveringcommitment to safety and Zero Harm.

37

SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

SPOTLIGHT

Safety Monthat Terex
April is Safety Month at Terex,
coinciding with the World Day
for Safety and Health at Work,
which is an annual international
campaign by the Geneva-basedInternational Labour Organization(ILO) to promote safe, healthy,
and decent work. This year,
we recommitted to our Safety
Leadership Behaviors andrefocused on elements of oursystems: the people, processes,
and practices we use to improvesafety at Terex.
“This quote sums up safety
for me... ‘Work safely today.
Remember, somebody expects
you home tonight.’”
DeividasQuality Inspector

38

SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Health and Safety Metrics
Lost Time Incident Rate

Total Recordable Incident Rate

# Lost Time Injuries *200k/ Hours

0.80# Recordable Injuries *200k/ Hours
0.90

0.44

0.52

2017

2018

2019

2020

0.61

2.62
2.02
1.51

2021

2022

2024
2021
Target Machinery
Mfg.
Avg. (US)

.025

28.9

28.21

2.80

1.83

26.91

27.9

2021

2022

19.8

1.99

1.00

0.20
2016

# Work Related Fatalities *200k/ Hours

34.01
29.8
2.93

0.58

Work Related Fatality Rate

# Near Miss Reports *200k/ Hours

3.58

0.74
0.54

Near Miss Reporting Rate

2016

2017

2018

2019

2020

2021

2022

2024
2021
Target Machinery
Mfg.
Avg. (US)In 2016, Terex set the long-term goals of reaching a 0.2 Lost Time Injury Rate and a
1.0 Total Recordable Incident Rate by year-end 2024. Our aspirational goal will always
be zero injuries, but the goals set in 2016 represent milestones along our journey toZero Harm. We encourage and empower team members to report Near Misses and haveseen success with this metric, as evidenced by increasing numbers of these reports.
This is a key indicator of increased awareness and engagement in safety initiatives. It isalso a contributor to our overall decrease in recordable injuries.
In 2022, we saw an increase in our total recordable and lost time injury rates. As a result,
we re-evaluated our existing health and safety systems to ensure they meet the safety
needs of the changing workforce, environment, and processes shaped by the aftermathof the pandemic. We have refocused on the most common drivers of injury in ourbusiness and are re-engaging our leaders on our ongoing safety initiatives.

2016

2017

2018

2019

2020

Total Recordable Incident Rate*

44%
25%

Lost Time Injury Rate** 2022 vs. 2016

2016

2017

2018

2019

2020

2021

2022

39

SOCIAL SUSTAINABILITY

Innovative Products
That Promote Safe
Work Practices

The 2023 Terex Sustainability Report

Franna with therunner hook.

Safety for our end-users is Priority One.

Our distributors, customers, and end-users
trust Terex to produce products that help
end-users perform their jobs safely andoperate jobsites more efficiently.

Our Genie products do more than justchange how the job is done — they change
the job itself by providing end-users withsafe ways of working at height. That iswhat we strive for — getting people andmaterials safely to aerial work spaces,

keeping people safe while they complete
their work, and getting them back downsafely. Genie scissor and boom lifts havebecome increasingly common on jobsites

The Genie S-45 HF boom isengineered to “float” on softor delicate surfaces.

around the world, especially with the

adoption of global growth in Aerial Work

Platforms, also known as Mobile Elevating
Work Platforms (MEWPs), as they offer anumber of advantages over ladders andscaffolding systems in terms of safety,

access, and productivity. With platforms
spacious enough to accommodate

We collaborate with customers

The team developed this option toand solve worksite challenges.

is operating in an area of low headroom.

to understand their needs

We then design products andfeatures that address thosechallenges.

workers and their tools, and accessories

An example of understanding

keeping workers safe, Genie equipment

solving worksite challenges isdesigned to increase productivity whilehelps people work safely at height —something Genie has been doing since
its founding nearly 60 years ago.

our customers’ needs andthe runner hook and sheave
option developed by ourFranna® engineering team.

create a higher lift point when the crane

Crane operators can work productively in

restricted situations such as low doorways.
Our Z®-45 SUB (Substation Utility Boom
Lift), a joint project of our Genie andTerex Utilities teams, is another primeexample of a work practice innovationthat resulted from close collaboration
with substation operators, the end-

users of our Utilities product line. In a

substation, operators use very specialized
work practices in areas where there islimited room to maneuver an insulated
utility bucket truck due to its size. The Z-45
SUB is a Genie articulating boom lift upfitted with dielectric protection. It is smaller
and more agile than a utility bucket truck,making users’ work practices safe andeasier for substation operators. In 2023,
the Z-60 SUB was introduced. Based on
a Genie Z-60 FE, the Z-60 SUB is hybridpowered, assisting utilities in their goal ofachieving sustainable fleets.

40

SOCIAL SUSTAINABILITY

Product Quality & Compliance

Our goal is that every machine coming out
of our plants is high in quality and free fromdefects. Zero-Defects is a key elementof the Materials Processing Operating
System. Zero-Defect KPIs are tracked, andcountermeasures are implemented
when required. Quality and safety go
hand-in-hand.

AC

DON’ T

2

Quality Product3

Quality Manufacturing

4

Quality Service, Sales & Support

5

Quality Talent Development

T

DO

N

ZERO
DEFECTSDON’ T PA S S O

KEOur quality standards and practices are
rigorous. All Terex products are designed
and manufactured in compliance with thestandards and regulations applicable tothe product.

Quality EngineeringEP

MA

Terex has a longstanding commitment
to designing, manufacturing, and selling
products that enhance safe work practices.
We continue to develop new products andfeatures, always considering the safetyof the operators who use our equipment
and the communities in which that
equipment is operated.

1

C

’T

Technology through connected assets,in particular telematics, allows Terex toprovide early maintenance detection to
our customers and dealers. By year-end
2022, telematics hardware was active
on approximately 12,600 MP and 63,500
Genie machines, enabling Terex to provide
in-time maintenance support, enhance
uptime performance, and promote enduser safety.

The 2023 Terex Sustainability ReportN

More than two years ago, Genie introduced
its “Quality By Design” brand promise,
which reinforces Genie’s commitment,
dating back nearly 60 years ago, todeliver quality for customers and teammembers. Quality By Design encompasses
all aspects of Genie’s operations and is
integral to the manufacturing process —consistent with the Terex goal of highquality, zero-defect machines.
Terex remains committed to protecting
our customers and product users bypurchasing, designing, manufacturing, andselling safe products in compliance withstandards and regulations for the markets
in which we conduct business. This
commitment necessitates our participation
with industry organizations and standards
development committees, as well as thecontinuous monitoring of regulations

globally to ensure our products remain incompliance. Terex’s compliance includes
such key legislation as:•	The European Union (EU) Registration,

Evaluation, Authorization and Restriction ofChemicals (REACH) Regulation;•	EU Restriction of Hazardous Substances(RoHS) Directive;•	EU Waste Electrical & Electronic

Equipment (WEEE) Directive, Asbestos
Regulations; and•	California’s Safe Drinking Water and Toxic

Enforcement Act (Proposition 65).

41

SOCIAL SUSTAINABILITY

Committed toDiversity, Equity& Inclusion

The 2023 Terex Sustainability Report

Terex is committed to recruiting, engaging,developing, and retaining diversity
at all levels of our global workforce.
We encourage, value, and support teammembers of every race, gender, age,ability, religion, orientation, identity,and experience. We firmly believe thatdiversity of background, thought, andexperience cultivates innovation andbetter decision-making.

We want all our team members to reach
their full potential. Our culture is definedby our Terex Way Values — Integrity,
Respect, Improvement, Servant Leadership,
Courage, and Citizenship. Our values are
the driving force behind our commitment
to an inclusive, supportive, equitable, andsafe workplace.
We know that diversity alone is not
sufficient. We are committed to creating
a culture of inclusion, which starts withthe tangible, intentional actions that all
Terex team members — regardless of
title or tenure — must make to ensure ourteam feels safe, supported, and valued.
Fundamentally, Inclusion starts with “I.”The creative way our Changzhou, China teamincorporated the ‘I Will’ Inclusion statements
at their site.

42

CONNECTIONSSOCIAL SUSTAINABILITY
Introducing Terex Affinity Groups, a new way for Terex team members
to interact, exchange ideas, network, and support one another.

The 2023 Terex Sustainability Report

LGBTQ+PRIDE
VIRTUAL
WORKFORCE

ADAPT*PARENTS &CAREGIVERSSPOTLIGHT

BRIDGE**

TEREX
AFFINITYGROUPS

MULTILINGUALSPEAKERSEARLYTALENT

WOMEN@TEREXMILITARY &VETERANS*Abled & Disabled Allies
Partnering Together* Abled & Disabled Allies
Partnering Together**Building Relationships inDiverse Group Environments** B uilding Relationships inDiverse Group Environments

Diversity, Equity & Inclusion Strategy

Our DEI focus is to ensure
wesustainenvironment
accountability with our “I Will” Inclusion Statements, andTerex wants
to support
youan
in bothcareer and life. If you haveinterest
joining and contributing
to oneof our existing affinitythat is inclusive, safe,
andinequitable
for all teammembers.
creating our DEI Site Roadmaps. The DEI Site Roadmaps
groups, or in starting a new one, please go to the Diversity,
We have built on theseby delivering
unconscious
provide step-by-step guidance for our sites to increase
Equityefforts
and Inclusion
page on the Terex
Intranet. All are welcome!
bias training and developmental webinars, promoting
recruitment, engagement, development, and retention
our Terex Affinity Groups, encouraging Company-wide
for all team members at Terex.

MILITARY-FRIENDLY
Terex is a military-friendly Company. We strive to bring forward and empower the unique, applicable skills and toolsthat our veterans can bring to Terex. In the US, 6.8% of our workforce are self-identified veterans. Our Military &Veterans Affinity Group facilitates a network of team members interested in, or involved with, the military community.
Our members include military veterans, team members serving in the Guard and Reserves, and team members withfriends or family in the military. The mission of this group is to provide Terex’s veteran and military team memberswith a supportive community that encourages professional development.

Focus on Diversity, Equity& Inclusion Training

Gabrielle Tilley, our Senior Director of Global
Inclusion and Culture, has led our continued
efforts to create a more inclusive environment
where every team member feels safe, supported,and valued. In the past several years, Gabrielle
has helped accelerate our efforts in a variety
of significant ways, such as spearheading thecreation of our nine affinity groups, developing
and delivering inclusion training, and creating
a series of webinars to spotlight career
opportunities at Terex. In 2023, Gabrielle traveled
across the globe to deliver in-person training
to more than 500 team members that work in
19 different countries. Thank you, Gabrielle,
for leading the charge to a more supportive
environment for our team members!

43

SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Global Diversity, Equity & Inclusion Strategy*

RECRUIT
Significantly broaden
the talent pool• Expanded the talent pipeline toensure additional focus on female/non-majority talent• Developed relationships with diverse

recruiting agencies• Developed partnerships with local

and national orgs who are committed
to supporting diverse talent• Continued to integrate DEI into

interview training

ENGAGE
Ensure all teammembers are inspired
to work at Terex•  Delivered Fundamentals of DEI Training

to over 500 team members•  Launched Affinity Groups, creatinga safe space for team members tointeract, exchange ideas, network,and grow; currently, there are over
550 team members participating•  Partnered with Health and Safety

to spotlight mental health

DEVELOP
Achieve similar or
greater promotion rates
for under-represented
groupsRetain underrepresented talent•  Launched an enhanced Global• Creation of a Formal Exit Interview•  Hosted development webinars• Completed a comprehensive

Mentorship Program; currently, there areover 390 mentoring partnerships(Self-Advocacy, Individual Development
Plans, Work-Life Balance, Financial
Awareness)•  Created Bias Interrupter Resources

for managers during talent reviews•  Launched “I Will” Inclusion

Statements globally

To sustain an environment that is inclusive, safe, and equitable for all team members*2023 metrics

RETAIN

Questionnaire to further understand andaddress retention challenges
Pay Equity Study•  Established a DEI Inclusion Roadmap

to provide step-by-step guidance forsites on their DEI journey

44

SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Significant Progress on Diversity, Equity & Inclusion Initiatives

In 2022, we added a “DEI Stretch Plan” to the Company’s Management Incentive Bonus
program to help accelerate our DEI journey. Our stretch plan is intended to fully support
all of our DEI objectives: more women in leadership, management, and line roles globally,
and more ethnic diversity in the United States in leadership, management, indirect
manufacturing and sales, and general and administrative (SG&A) roles.
We have seen significant progress in our DEI metrics, and have increased our long-termgoals as follows:

Women in Leadership2013 (Baseline)

2019 Results

2020 Results

2021 Results

2022 Results

2023 Goals

14.40%

16.10%

16.79%

17.4%

18.71%

24.00%

17.53%

17.00%

17.8%

19.36%

25.00%

Women in Management

Women in Line Roles

10.00%

14.01%

13.83%

14.3%

14.88%

20.00%

Women Overall

13.90%

17.74%

17.82%

18.0%

18.59%

24.00%

Ethnic Groups in Leadership

5.41%

6.88%

7.00%

11.52%

17.00%

Ethnic Groups in Management

11.96%

10.42%

10.00%

12.42%

18.00%

Ethnic Groups in Indirect Manufacturing/SG&A

16.45%

19.20%

19.00%

20.44%

26.00%

45

SOCIAL SUSTAINABILITY

Women@Terex

As is typical of the manufacturing industry,
women are often under-represented. Our
Company has a long-standing, vibrant,
global initiative to increase representationof women throughout our workforce.
We expect diverse candidate slates andsupport women through mentoring, training,and development opportunities. We also
use our talent review process to identify
qualified women for their next role(s) within
our organization, including implementing
meaningful development plans.

The 2023 Terex Sustainability Report

International Women’s Day

International Women’s Day is one way Terexcelebrates the achievements of women. In
2023, Terex teams offered 40 interactive
learning events globally. Examples include: orwalk, Connecticut, US: Executive
N
Leadership Team members Amy George,
Julie Beck, and Stacey Babson Kaplan
shared their candid thoughts aboutmaintaining work-life balance as a working
parent.
Olds, Alberta, Canada: Celebrated theoccasion by inviting the Mayor of Olds,
AB, Judy Dahl, to share her experiences,struggles, and achievements over the years
with the group.
Hosur and Bangalore, India: India’s
Women@Terex team held an interactive
lunch, discussion, and team-building
activities.

MP, Jiading, China

MP, Ballymoney, Northern Ireland

Great Britain and Northern Ireland sites
collaborated to organize a webinar that
included discussions on how to create amore gender-balanced world.
Newton, New Hampshire, US: The teamheld a “Chili Cook-Off” taste competition,
proceeds of which were donated to Girls
Inc., a nonprofit organization focused on
empowering young girls and helping themto achieve their full potential.
Multiple Locations, Australia: The teams
discussed equity in the workplace, covering
topics such as objective and perceived
barriers to entry and challenging biases.
They also held a fundraiser for charity.
Oklahoma City, Oklahoma, US: The
team hosted a women’s lunch including
engineering students, followed by a plant
tour and Q&A with the students.

Genie, Monterrey, Mexico

Roosendaal and Benelux, Netherlands:
The teams discussed “What is equity?” andfocused on our “I Will” Inclusion Initiatives.
The teams distributed purple bracelets withmessages to female team members andpresented cacti, a symbol of perseverance
and self-sufficiency.
Jiading, China: The IWD events included
team-building activities.
Bad Schönborn, Germany: Female teammembers enjoyed breakfast with the sitemanagement team, who emphasized theimportance of women as an integral part of
the Fuchs team.
Chartres, France: Women@Terexorganized a viewing of the film Womanof the Century, starring women’s activist
Simone Veil, followed by a discussion of
the movie’s themes related to International
Women’s Day. “I Will” Inclusion posters were
distributed in French.

MP, Hosur, India

46

SOCIAL SUSTAINABILITYSPOTLIGHT

The 2023 Terex Sustainability Report

Inclusion in Action

Strategic Partnership with the
NOW Group in Northern Ireland

Participation in 2023 Pride
Events in Watertown and Omagh

In 2023, Terex became the first manufacturing company
to enter into a strategic partnership with the NOW Groupin Northern Ireland. The NOW Group is an award-winningsocial enterprise, focused on providing employment
support and training for people with learning difficulties
and, more specifically, autism. Through this partnership,
Terex provides training, mentoring, and different
employment opportunities with the aim of supporting an
inclusive and diverse workforce.

Our LGBTQ+ affinity group celebrated Pride during June’s
Pride Month, which commemorates the community,
its history, and its ongoing fight for equal rights andacceptance.

Our team members participated in the Omagh, Northern

Ireland Pride Parade, and in Watertown, South Dakota, US,

our team set up a booth and flew the Pride flag from a Terex
utility truck at the Watertown Pride in the Park event.

Terex Campsie Hosts Innovative
Workwear Design Competition
To challenge gender biases and promote inclusivity, Terex
Campsie, Northern Ireland recently hosted a Female
Workwear Competition, inviting local schools to participate
in designing new uniforms for the female workforce at theirfacility. As part of the ongoing #BreakTheBias campaign,
Terex Campsie actively recruits female assembly fittersto join their production team. The competition aimed
to introduce a new workwear uniform that is not only
compliant with health and safety standards but is also
comfortable, functional, and budget-friendly.
The Female Workwear Competition at Terex Campsie
provided an opportunity for students to showcase theircreative talents. It also underscored Terex’s commitment
to gender equality and diversity in the workplace. Terex
Campsie looks forward to implementing the winningworkwear designs and continuing its commitment tofostering a more inclusive and supportive environment for
female assembly fitters.

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SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Helping Team Members
Reach Their Full Potential

We improved across all elements of the engagement index this year, driven by
improvements in specific areas such as recognition, listening, team member
development, and change management.

Engaged, capable, and highly skilled team members are key to successfully implementing
our Execute, Innovate, Grow business strategy.

TOTAL TEAM MEMBER NPS IMPROVEDFROM +8.7 TO +15.9

TOTAL MANAGER NPS IMPROVEDFROM +37.1 TO +38.5

Nearly 90% of Team Members Responded
to Our Global Engagement Survey

Engagement is key to executing our business strategy and achieving our Company goals.
Consistent with the Terex Way Values of Respect, Servant Leadership, and Improvement,
we conduct an annual Engagement Survey and then act on team member input.
Our 2023 Engagement Survey participation rate was world-class, with 89% of teammembers worldwide participating in the survey. The response rate increased by nearly 6%
from the prior year (84%), indicating that team members believe that their input is valued
and used to drive improvements. Survey metrics included:2022
Engagement Index

78.2%

15.8%

+1.4

I am proud to work for Terex.

80.0%

16.0%

+1.9

14.7%

+1.9

•	Engagement Index• Intent to Stay

I want to continue working at Terex
at least for the next two years.

79.3%•	Manager Net Promoter Score• Safety

My work gives me a feeling of
personal accomplishment.

75.2%•	Team Member Net Promoter Score•	Work Environment•	Supervisor Behavior•	Teamwork•	Professional Development•	Rewards and Recognition• Change Management• Diversity, Equity & Inclusion• Health/Well-Being• Ethics Index• Survey EffectivenessFor several years, Terex has used the Net Promoter Score (NPS)5 in our team member
surveys. The total Terex Team NPS and the total Manager NPS improved over 2022. The
overall increase in global Team Member NPS (“How likely are you to recommend Terex toothers as a place to work?”) reflects increased team member confidence in our future. In
addition, managers continued to demonstrate Servant Leadership and focus on creating
an inclusive work environment, leading to a higher Manager NPS (“How likely are you torecommend your immediate supervisor as someone to work for?”).

5

Favorable

Neutral

16.8%

+0.3

Unfavorable

Consistent with our Zero Harm journey, safety items were among the highest-rated
responses in the 2023 survey. These included:

I AM COMFORTABLEREPORTING
A SAFETY ISSUE

 PS is based on a 0-10 rating scale (0 = not at all likely and 10 = highly likely). NPS is calculated by subtracting the percentage of detractors (ratings of 0-6)
Nfrom the percentage of promoters (ratings of 9 and 10). “Passive” ratings (7 and 8) are excluded from the calculation. NPS scores range from -100 to +100.

I WORK IN A SAFEENVIRONMENTSAFETY PROBLEMSARE ADDRESSEDWHEN THEY OCCUR

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SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Our Early Talent Programs

One of our most improved:

I RECEIVE PRAISE AND
RECOGNITION WHEN I
DO A GOOD JOB

In addition, “My immediate supervisor
treats me with respect and dignity” wasamong the top-rated items, scoring above
the manufacturing benchmark with 88.6%of team members rating this item favorably.
This reflects our commitment to the Terex
Way Value of Respect and is a result of theintentional actions our leadership is taking
to ensure inclusive behaviors.
One of our most improved items over 2022
was “I receive praise and recognition when
I do a good job.” This item has continued
to trend in a positive direction over thelast three years as a result of prioritizing
recognition across our Company and fromour “I Will” Inclusion Statements to maketeam members feel valued by continuously
recognizing their efforts and contributions.
Our global Crowning Achievement program
receives, on average, over 100 nominations
each month for team members acrossroles, levels, and locations. These arefurther amplified by our Chairman Selectand Execute to Win awards.

Finally, all of the DEI survey questions
improved over 2022, which suggests that
our initiatives continue to promote an
inclusive, safe, and equitable organization
for team members of all diversity
dimensions.
We strongly believe that collecting
feedback is only the first step.
Communicating results and driving
actions in response to feedback are themost critical parts of the survey process.
Therefore, all locations have survey actionplans that are reviewed and updated
regularly. In addition to local plans, we also
have identified actions at the Companywide level in response to feedback from ourteam members. For example, we are offeringenhanced development opportunities forteam members and continued flexibility inworking arrangements while supporting
business needs. Our sites also conductperiodic focus groups with team members
to help monitor progress and create an
ongoing feedback loop.

Terex has several Early Talent programs inplace to support individuals who are earlyin their careers, including two corporate
leadership development programs,internship programs, and apprenticeshipprograms. The Terex Finance Leadership
Development Program (FLDP) gives earlytalent the opportunity to improve financeskills, develop leadership skills, and expand
their knowledge of our businesses throughcross-functional and cross-segment
placements. FLDP participants are
selected through a rigorous recruitment
process and move through three one-yearrotations in Corporate, MP, and AWP. They
are supported in their development by amentor, manager, and peer coach while in
the FLDP and are guaranteed a placement
within Terex Finance at the end of their
final rotation. Similarly, our Terex internshipprograms immerse high-potential students
in challenging, real-world projects that help
drive business results. Our strong beliefs ininnovation and continuous improvement,
paired with the diverse and creativemindsets of our students, lead to thedevelopment of our best-in-class productsthat positively impact the lives of people all
around the world. We are committed to thepersonal and professional development of
our students and are proud to encourage
their growth into our leaders of tomorrow.

SPOTLIGHT

Amelia’s
Apprenticeship
In 2023, Amelia
completed an
apprenticeship inbusiness management with Terex.
Watch Amelia’s video to hear her
talk about her work with Terex,
the flexibility she has with herapprenticeship program, and how
she has a mentor who helps her
apply what she is learning in theclass to her day-to-day job.

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SOCIAL SUSTAINABILITY

Employee Well-Being

Terex has a long-established practiceof caring for our team and their family
members, including their physical,
emotional, mental, and financial wellness.
For many years, the Company has provided
a Global Employee Assistance Program(EAP) available to all team and family
members in every country where Terex
operates.
The Global EAP helps ourteam and family members
achieve their personalgoals and work throughissues such as work-life
support, health, well-being,legal, financial, counselingon almost any matter, andcrisis intervention services.
The support provided isfree and confidential.
In addition to the Global EAP, the Company
has provided a physical wellness programin the US since 2007. This program isutilized by almost half of our health plan
members and supports increased use of
preventive care and reduced emergency
room utilization. It also provides programs
and information to help members assess
their health and engage in a variety ofactivities that promote healthy eating,The 2023 Terex Sustainability Report

exercising, and sleeping. A health support
program has been in place for a number ofyears for most of our UK-based team andfamily members. This program supports
access and subsidies for health services
not provided by the National HealthService. Together, the programs in the US
and UK cover 65% of our global workforce.
For financial wellness, a number of services
are provided, including access to subject
matter experts, advisors,and educational andsupport materials fromour retirement programproviders in several
countries, including the US
and UK. Financial education
efforts increased over thelast several years and willcontinue.
During the past year, teammembers across the globe attended live
webinars on a variety of mental, physical,
and financial health topics.
The Company has a governance process
for oversight of benefits provided to ourteam members in virtually every country
and leverages the process to ensure that
support is provided to our team members
everywhere.

SPOTLIGHT

Focusing on
Wellness

For the Roosendaal Team’s Walking
Challenge,10 teams took on thechallenge of walking enough steps
between May and September 2023
to equal the distance between
eight of our European locations(Oud Gastel, South Witham,
Grantham, Bremen, Chartres,Montcada i Reixac, Umbertide, andSchaffhausen), about 2,460 miles or
5,174,477 steps. The challenge hadteam members walking together
at lunch, rain or shine, encouraging
one another to be active.

5M+

steps walked in
Roosendaal Team’s
Walking Challenge

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SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Training

Our Company offers a wide range oftraining programs to support teammembers in their current roles and inachieving advancement opportunities.
Team members are assigned different
training courses based on their positionin the Company. In 2022, more than 7,000
team members completed approximately
40,500 training hours.
Our core curriculum of Terex “Success”
programs is designed for all teammembers — from individual contributors
to front-line supervisors, managers,

and executives. These programs are
grounded in the Terex Way Values and help
participants build key skills that are partof the Terex Success Model. In responseto team member input obtained in our
engagement survey and through focus
groups, we updated the model to include acore set of competencies as well as levelspecific competencies to better focus
development discussions and on-thejob experiences. The competencies areorganized around the framework of Know
Yourself, Know Where You’re Going, Bring
Others with You, and Drive Results.

Final March 06, 2023

Terex Success Model
Our Terex Success Model
serves as a common
language for developing
team members.

Know Where
You’re Going

Know
Yourself
Drive
Results

Bring Otherswith You

Our “Success” programs are deliveredby internal trainers and are designed tohelp participants translate concepts intoon-the-job applications. Our philosophy isthat training is only as good as the extent
to which behavior is changed back on thejob. The content is highly relevant, practical,
and allows plenty of time for discussion
so that participants learn from theexperiences of their peers. We have madesignificant progress in 2023 by conducting
in-person training, including offering a totalof three Leading for Success programs
for approximately 50 senior leaders, andover 260 people managers globally havecompleted Managing for Success or
Supervising for Success. In addition, we
updated and prepared internal trainers todeliver Accelerating for Success (AfS) —a program for individual contributors thatcovers key competencies in the Terex
Success Model. We have conducted
several AfS modules this year, and theprogram will be rolled out broadly in 2024.
We offer voluntary training courses forteam members who are seeking further
development or enhancement of skills.
Most recently and in response to teammember feedback from our annual
Perspectives Survey, Terex has invested
in LinkedIn Learning. With over 20,000
courses in multiple languages as wellas the opportunity to earn credits forcontinuing education, LinkedIn offers ahighly personalized learning experience insupport of professional development. Terex
has also created custom LinkedIn Learning
collections for each of our Terex Success
Model competencies and our Inclusion
Behaviors so that team members can focus
on the areas that are most relevant to theirdevelopment.
We also encourage team members
across levels and roles to participate inour structured Mentoring Program tofurther develop their skills. Both mentors
and mentees gain valuable insights andexperience through their participation in
the program.
Our development philosophy closely aligns
with our value of Improvement. We believethat improvement is a partnership between
managers and team members, andeveryone is responsible for professional
development. As with our value of
Improvement, development does not stop
when we reach a certain age, position, orlevel. It’s a journey. We are proud to offer
a range of tools and resources to support
our team members on this journey. With therecent implementation of our world-classhuman capital management system, we
provide even more tools such as a Career
Hub (which matches skills to internal job
opportunities and suggests networking
connections), mentoring, and self-guided
training in Terex University.

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SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Competitive Compensation and Benefits

To help team members achieve theireducation goals, including GED, associate,undergraduate, and graduate courses,

degrees, and certificate programs, ourCompany sponsors tuition reimbursement
programs in a number of countries,

including Australia, Brazil, Canada, China,

Germany, India, Singapore, the UK, and the
US. Additionally, in the US, a scholarshipprogram is made available to teammembers and their dependent children
to help with the high cost of advanced
programs.

Performance Management

We have a robust Talent Review process
in which we assess talent strengths

and opportunity areas, matching teammembers’ career aspirations with theneeds of the business.

It is important that all team members

understand how their day-to-day work

supports broader organizational goals. It

is also essential that they receive ongoing
feedback on their performance — both

positive and developmental. To enable this,Terex has a performance management
process that includes setting clear
business and professional objectives eachyear, with mid-year calibration, annual
performance reviews, and succession
planning. In 2022, 70% of our workforce(excluding direct manufacturing teammembers) participated in mid-year andend-of-year performance and careerdevelopment reviews. Of this same group,
73% were male and 27% were female.
Both team members and managers
play active roles in the performance
management process, strengthening aculture of accountability that supports
team member development. As part ofour year-end performance review, teammembers are formally evaluated on theachievement of their objectives and theirdemonstration of the Terex Way Values
and Safety Leadership behaviors. This
reinforces the principle that it is not only
“what” we achieve, but “how” we achieve
results that align with our values. Our worldclass human capital management system
supports performance management,along with other key processes across theemployment life cycle.

We offer competitive compensation andcomprehensive benefits to attract, develop,
and retain our talented workforce. Market
studies are conducted regularly to confirm
that team members receive competitivecompensation and are paid according totheir abilities, responsibilities, qualifications,and experience. Additionally, in 2022, Terex
completed a comprehensive pay equity
review based on gender in the US and UK,
and across race and ethnicity in the US.
Our incentive programs are designed toencourage and reinforce desired behaviors
and are linked to Terex business, stock
performance, and the acceleration of our
DEI progress.
We design our benefits and programs
to support the way our team members
live and work. Some benefits are offeredbroadly, such as our Employee Stock
Purchase Plan and our Global Employee
Assistance Program, the latter of which
supports team and family members
facing challenges in their personal lives.
In addition, in virtually every country, we
provide life and/or accident insurance
for the protection of our team members’
families. Where we can, we offer a flexible
work environment, enabling team members
to manage the demands of their personal
and professional lives. Many countries
provide medical and other benefits, which

we may supplement. In countries that do
not provide medical and other benefits,
such as the US, we offer comprehensive
benefits such as medical, dental, vision,
flexible spending, short- and long-term
disability, life insurance, parental leave, and401k participation. We review our benefits
annually to make sure they are competitive,
useful, and affordable for our team andfamily members. Governance processes
are in place to oversee, monitor, protect,and manage risk in our programs, including
our retirement plans.

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SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

Engaged andInvolved in Our Local
Communities

team members to get involved in their

As stated in our Purpose, our products

in a bike race or run for a local charity,

help improve the lives of people around theworld. We help build hospitals, schools, andcritical infrastructure.

One of our key values is Citizenship, andwe embody this value by encouraging our

local communities. This could take many

shapes and forms, but the one constant isthat it happens. Whether supporting STEM
education in middle schools, participating
cleaning up a park, or building a home fora family in need, our team members arealways ready to give back.

In 2023, Terex contributed to these andother nonprofits: American National Red

Cross and its international branches,
American Heart Association, Boys andGirls Club of Stamford, Byzantine Rite
Diocese of Stamford – Ukraine, CAST for
Kids Foundation, Center for Family Justice,
Chicago Scholars Foundation, Dress for
Success, Filling in the Blanks, Friendsof Hope, Habitat for Humanity, Hope for
MVC Kids, Hudson Valley Honor Flight,
Junior Achievement of Fairfield County,
Leukemia and Lymphoma Society, Pro
Bono Partnership Inc., Save the Children,

SoundWaters, Sparsha Trust, St. Anthony’s
High School South Huntington, Stepping
Stones, and the Sterling House Community
Center Inc.
The missions of these and the othersupported organizations align with our
Terex Way Values and provide opportunities
for our team members to volunteer andgive back to the community.

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SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

SPOTLIGHT

Terex Supports Relief
and Rebuilding Efforts

Our Terex Utility trucks operated day and night to restore the power grid.

Our Genie equipment supported the rebuilding and inspection of civil,
commercial, and residential infrastructure.

At Terex, we design products that assist in the rebuilding
efforts for communities impacted by natural disasters.
During and after Hurricane Ian, we partnered withcustomers to deliver the necessary resources to help
rebuild communities and improve the lives of people
impacted by natural disasters. Our utility trucks operated
day and night to restore the power grid. Our MP
environmental equipment supported clean-up activities
by processing biomass, construction, and demolition
waste. Our Genie equipment supported the rebuilding
and inspection of civil, commercial, and residential
infrastructure.
Our equipment in action demonstrates ourCompany Purpose: To help improve the lives of people
around the world.

54

SOCIAL SUSTAINABILITYSPOTLIGHT

The 2023 Terex Sustainability Report

Citizenship in Action

Neal Hanratty Cup Raises
Funds for Charities
Fuchs Females Fearlessly
Conquer 2023 Muddy Angel Run
The Fuchs team took part in the Muddy Angel Run in
Mannheim, Germany. With sheer determination andcamaraderie, our all-female team fearlessly conquered
a 5 km-long obstacle course, while supporting breast
cancer initiatives.

During the summer of 2023, Terex Omagh proudly
hosted the 6th annual Neal Hanratty Memorial
Cup, a thrilling 7-a-side football tournament andcharity fundraiser. The event brought together 24 teams
from Terex sites across Northern Ireland and the Republicof Ireland. With a day filled with football, delicious barbecue,
and entertainment, the event proved to be a resounding
success, raising funds that were split among 4 worthy
causes: Guide Dogs NI, Air Ambulance NI, Marie Curie,
and Aware NI.

Genie Helps Wishes Come True
During the EMEAI and LATAM joint Genie Sales Meetingin The Netherlands earlier in 2023, team members
participated in a unique team-building activity: designing“wishes” for Make-A-Wish International. The ideasthat emerged from the workshop served as powerfulinspiration in designing the wish journeys for twochildren, one who wanted to sleep in his own pirate
ship, and another who loves soccer and wished for theability to play his own video game. The team worked todevelop memorable experiences and, in the process,helped to transform lives and bring joy. For the firstchild’s wish, they “sailed the high seas” using clues tosearch for treasure before the child returned home tofind his bedroom had been transformed into a pirate ship.
During the second child’s wish day, they visited a famous
football museum, where a special surprise awaited —a PlayStation that the child could take home.
The International Wish Workshop demonstrated theincredible value of bringing teams together to foster
creativity, problem-solving, and teamwork while making
a profound impact on children’s lives.

55

SOCIAL SUSTAINABILITY

The 2023 Terex Sustainability Report

SOCIAL SUSTAINABILITY

2022 and 2023 Community
Volunteering Around the WorldThe Genie UK team continued

shoe-prints its annual tradition of donning

festive sweaters to raisemoney for Save the Children. The teamalso participated in a charity walk, whichraised funds for Mind, an organizationthat provides support for individuals
experiencing mental health problems.

By helping our communities, we are
actively participating in making theworld we live in a better place.
Terex Campsie,

mountain Northern

The Terex Services branch
in Watertown, South
Dakota, US helped sisters
at the Mother of God Monasterywith installing a rope on their
flagpole using a bucket truck.

flag

Ireland,sponsored a charity
event to support teammember Ciaran Conway
as he prepared for his
climb up Mount Everestto raise money for
the Multiple Sclerosis
Society.

The Genie Netherlands teamin the largest Dutch
hand-heart participatedvolunteering days, the NL Doetinitiative, and supported the foundation
Just Grow by helping to check and sort
donations the organization had received.

Members of

person-hiking the Terex

Changzhou,
China team and theirfamilies gathered to join
a community hike toraise funds in support ofbuying milk for children
in impoverished areas.

The Terex

hands-holding-heart Fontanafredda,
Italy team raised

Team members from

Terex Norwalk,carrot ourConnecticut, US

office packed food bags
to support Filling in the
Blanks, whose mission is tofight childhood hunger by
providing children in needwith meals on the weekends.

Terex Coalville,

moon England,participated in a
CEO Sleepout, acharitable event thatbrings business leaders
together to make astand against
homelessness.

funds for the Centro di
Riferimento Oncologico(CRO), an Italian oncology
center of excellence locatedin Aviano.

Genie Australia supported the

kit-medical Trails for Change challenge, raising

donations and support to bring used andexcess medical equipment and supplies tocountries in dire need of them.

56

The 2023 Terex Sustainability Report

Governance
In This Section

Responsible, Ethical Leadership Is in the
Terex DNAThe Ethics & Compliance Program
Protecting Human Rights
Public Policy and Political Contributions
Information and Cybersecurity
An Engaged, Diverse, and Independent
Board of Directors
Sustainability Governance at Terex

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GOVERNANCE

The 2023 Terex Sustainability Report

Responsible, Ethical
Leadership Is in the Terex DNA

At Terex, we are committed to creating and maintaining an ethical business culture, basedon the values embodied in the Terex Way; most specifically, with our foundational valueof Integrity, which is part of our DNA. At Terex, it is not enough for an action to be legal; itmust also be ethical and align with our Terex Way Values.
Our reputation is among our mostimportant assets, and every Terex teammember is a guardian of our reputation.
We protect our reputation by making
decisions and taking actions that alignwith the highest ethical standards.

We measure our ethical culture throughour Perspectives Engagement Survey.
In 2023, approximately 86% of our teammembers who participated in our survey
said they do not feel pressure to performtheir jobs in violation of the Terex Codeof Ethics & Conduct, Terex policy, or thelaw. We are pleased that the response

has been positive and stable over theyears. However, we do not rest on ourlaurels. We look for and analyze trends
by business and function and address
them when warranted. Additionally, each
Terex business is tasked with developing
a survey action plan that includes
improvements regarding ethical culture.

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GOVERNANCE

The 2023 Terex Sustainability Report

The Ethics & Compliance Program
Our Terex Code of Ethics & Conduct: Living
Our Values (the “Code”) is a reflectionof what we believe and what we arecommitted to doing as an ethical and lawabiding business. Our Code defines how
we conduct ourselves and sets forth ourcommitment to:•	Avoid conflicts of interest;•	Maintain the confidentiality of information;•	Prohibit corruption and fraud;•	Respect human rights;•	Reduce our carbon emissions;•	Consider the impact on the environment

when making business decisions;•	Ensure compliance with laws;•	Foster a work atmosphere of mutual

respect;•	Use Company assets properly; and•	Observe accounting and control

procedures to ensure accurate recording,dissemination, and reporting of
information.

These are a few examples of the many
commitments that we at Terex make toeach other and to our customers, suppliers,and other stakeholders. Each year, teammembers affirm that they have disclosed all
actual or potential conflicts of interest, havecomplied and will continue to comply with
our Code, and have not and will not commit
fraud. All team members are required tocomplete Code training, either online or inperson.
Our comprehensive Ethics & Compliance
Program grows from our Code and includes
strong anti-corruption, export compliance,
and trade sanctions programs, generaland risk-based compliance training,
regular risk reviews, and strong advocacy
and awareness programs. Where issues
arise, investigations are conducted swiftly,
thoroughly, and fairly. Our Audit Services
team tests compliance controls during
each scheduled audit and, where required,
management reports on remediation
progress until remediation is completed. At
year-end 2022, our sites received a 97%
passing rate on their applicable compliance
controls, which is an improvement from the
93% passing rate received in the prior year.

Business Practices Advocates

In 2009, Terex implemented a Business
Practices Advocates (BPA) program. The
objective of our BPA program is to drive
responsible business practices at the local
level. Our BPAs are advocates, resources,
and facilitators for their colleagues. They
work directly with their local leadership to
identify opportunities to deepen the cultureof compliance. In addition, they are key
liaisons between a local Terex site and theTerex Ethics & Compliance team. It is anhonor to be nominated and appointed asa BPA. Terex relies on our BPAs’ businessexperiences and cultural insights toenhance the Terex Ethics & Compliance
Program and the Company’s reputation for
integrity. BPAs also participate in their local
risk reviews conducted by the Terex Ethics& Compliance team.

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GOVERNANCE

The 2023 Terex Sustainability Report

The Terex Helpline

Terex firmly believes that the best way toresolve a concern or ask a question is toraise it. We offer many ways for anyone to
make their concerns known. One importantavenue that has been in place for nearly
two decades is our Terex Helpline. The
Terex Helpline is available to anyone to
ask a question or report any conduct that
may be unethical, inappropriate, illegal, orotherwise contrary to the Terex Code of
Ethics & Conduct or the Terex Way Values.
Since we have a global workforce, ourTerex Helpline is available in more than 15
different languages and through multiple
avenues: online, via QR Code, or by phone.
We act on every report we receive.
In 2022, we received one allegation ofbribery involving an internal team member.
With the assistance of an external third
party, and after a thorough investigation,
we concluded that there was no evidence
to substantiate the allegation. We did notterminate any contracts with business
partners or others due to violations related
to corruption or bribery as we did notreceive any allegations indicating a concern
or suspicion. Similarly, we are unaware of
any convictions or fines for violations ofanti-corruption laws or bribery during 2022.

Violation of Policy
12%

Bribery and Corruption
2%
Conflict of Interest
11%

Unsafe Working
Conditions
9%

Process
Improvement
14%

Discrimination,
Harassment,
or Bullying
14%

Theft
2%

TEREX HELPLINECASES OPENED IN
2022

Retaliation
5%

Termination
5%

Written Warning
2%
Counseling/
Coaching/
Training
23%

ACTION TAKEN ON
TEREX HELPLINE CASES
CLOSED IN 2022

Revenue
Recognition
5%

Final Warning
7%

Inquiry
5%
Other
21%

Misconduct orInappropriate
Behavior
14%

Substantiated33%

No Action Taken
49%

No
37%

OUTCOME OF TEREXHELPLINE CASES
CLOSED IN 2022

ANONYMOUS
REPORTING FORTEREX HELPLINECASES OPENEDIN 2022
Yes
63%

Unsubstantiated67%60

GOVERNANCE

Protecting Human
Rights
We Prohibit All Formsof Modern Slavery

Standing for human rights is consistent

with our Terex Way Values. We care about,respect, and support the fundamental

The 2023 Terex Sustainability Reportteam members in the US. Approximately
one percent of our team members in
the US are represented by labor unions.
Outside of the US, we enter into collective
agreements in those countries in whichsuch relationships are mandatory or
customary.

Our Suppliers

within our Company or within our supply

We set high standards for our suppliersand expect them to be socially, legally,and ethically responsible. We expect all
suppliers who do business with Terex to
uphold the human rights, labor, healthand safety, environmental, and businessethics practices that are prescribed in
our Supplier Code of Conduct (such as
anti-bribery/anti-corruption, fair businesspractices, wage and labor standards,
prohibitions against fraud and harassment/
discrimination, guidance around conflictsof interest, and data protection compliance)
and in the disclosures listed below:

slavery, servitude, human trafficking, or•	Conflicts Minerals Policy

human rights and freedoms of all. Humanrights are the basis of an equal, fair, andsustainable society. Protecting humanrights is the responsibility of all teammembers.

Our Company has zero tolerance for any

form of slavery, servitude, human trafficking,or child or forced labor (collectively, modern
slavery) within our business or in our supply
chains. We prohibit any form of modern

slavery in our organization. To date, to ourknowledge, there have been no incidents
chain that violate our prohibition againstchild or forced labor. Our Board of Directors
annually reviews and approves ourCompany statement prohibiting modern
slavery.

Collective Bargaining

We recognize the right to freedom of

association. As of December 31, 2022, we
had approximately 9,300 team members

worldwide, including approximately 3,800•	
California Transparency in Supply

Chains Act•	
California Proposition 65•	
EU REACH Regulation•	
Terex Prohibits Modern Slavery Statement

We expect our suppliers to hire employees
who are of legal age, as established by thelaws of their country, and to comply with allapplicable laws and regulations regarding

payment of wages, provision of mandated
benefits, working hours, and break periods.
Suppliers are required to comply with allapplicable anti-discrimination employment
laws and prohibit all types of harassment,
including but not limited to physical, verbal,
psychological, and sexual harassment.
Agreements with our suppliers are
frequently in force for multiple years,
making it difficult to unilaterally impose
new contract terms. However, as we enter
into new or renewal agreements, we areincorporating the terms of our Supplier
Code of Conduct into them.

Public Policy and
Political Contributions
Terex has not contributed to political
campaigns for several years, and nomember of senior management holds a
political position. While our Company has alegitimate interest in participating with andeducating public policy makers, currently
we do so through trade associations. Our
Company policy permits team members toengage in political activities on their own
behalf, on their own time, and with their own
resources.

By year-end 2023, we plan to implement ahuman rights assessment that will allow us
to identify suppliers that may have a higher
rate of risk for violating international humanrights standards and will work to mitigate
those risks.

Conflict Minerals

We have effective systems in place tocomply with conflict minerals reporting
requirements, surveying approximately
800 suppliers, or 92% of our 2022 directmaterial spend. Additionally, any new
potential suppliers that are considered
for future sourcing are evaluated for theirconflict minerals usage and policy.

Our electric utility truck featured outside the New
York Stock Exchange as part of Terex Corporation
Investor Day.

61

GOVERNANCE

Information andCybersecurity
Data Protection and Privacy

Terex respects the privacy of its customers,
business partners, and team members.
Recognizing the need for protection andmanagement of personal information,
we are compliant with applicable dataprotection laws and regulations to ensurethat personal data remains safe, Terex

The 2023 Terex Sustainability Reportbusiness operations are secure, and therights of individuals are respected. To
ensure Company-wide compliance, theTerex Corporation Privacy Policy sets
forth our general practices in connection
with the collection of personal data, and
our Data Protection Policy informs teammembers on how to protect personal data.

Cybersecurity

Our commitment to strong governancepractices includes ensuring that ourcybersecurity practices are aligned withbest practices in the industry. We haveadopted the National Institute of Standards
and Technology (NIST) Cybersecurity
Framework so that our cybersecurity
measures are rigorous, adaptable, andtransparent.
Our global cybersecurity group is tasked
with the development and implementationof information security policies andcontrols. Annually, the Terex Boardof Directors is updated on long-termcybersecurity roadmap progress and theoverall state of cybersecurity. Quarterly
updates on cybersecurity metrics areprovided to the Audit Committee.
We regularly assess our digital
infrastructure, enabling our Company toidentify, prioritize, and effectively manage
risks. Our assessments cover Information
Technology (IT), Operational Technology(OT), and Cloud infrastructure.

62

GOVERNANCE

With respect to protection measures,
we use the concept of defense in depth
and have deployed multiple layers ofcontrols across our operations. Controls
include but are not limited to: multi-factor
authentication, endpoint detection andresponse, sandboxing, web filtering,
network segmentation, vulnerability
scanning, and automated patch
management.
Advanced monitoring tools are deployed
across our IT, OT, and Cloud networks,
ensuring that potential threats aredetected promptly. Our threat detection
capabilities are enhanced by commercial
threat intelligence feeds and third-party
monitoring of the dark web. Our dedicatedcybersecurity team is trained to respondswiftly and effectively to minimize potential
threats. We perform two cyber-incident
tabletop exercises a year, and we update
our incident response plan with lessons
learned.
Newly hired team members are required tocomplete cybersecurity training within 30
days of hire, and current team members
complete cybersecurity training annually.
All cybersecurity training courses are
updated on an annual basis. Additionally,
webinars are hosted by the cybersecurity
team covering new threats and risks. Team
members are “phish-tested” each month,

The 2023 Terex Sustainability Reportand additional training is provided to those
who fail phishing tests.
Terex has policies outlining practices
to mitigate various forms of information
security risk. Acceptable system use
and protection of Company information
are covered in the Code, which requires
annual certification by team members.
These policies are available on our intranet
for team members to access. We arealso implementing training regarding the
emerging risks related to the use of thirdparty messaging applications and artificial
intelligence tools in the business.
We perform monthly internal penetration
tests to identify cyber-risks and validate
internal control effectiveness. Additionally,
we perform an annual test to assess our
preparedness for an advanced cyberattack.
We remain steadfast in our commitment
to cybersecurity, seeing it not merely
as a technical necessity but as anembodiment of our core values. Throughthe combination of our Terex Way Values
and the NIST Framework, we ensure a safer,more secure, and responsible digital future
for all stakeholders.

4 ways that bad guys
try to get your password

and how to fight back!
HOW TO FIGHT IT

HOW IT WORKS
A bad guy takes yourpassword by watching you
type it in or seeing it on thenote that you taped to yourcomputer.

Never post yourpassword on yourcomputer or on a wall inyour office

HOW TO FIGHT IT

HOW IT WORKS
Bad guys use a phishingattack or another scam to
get you, or anyone withaccess to, your password tojust hand it over to them.

Don’t let others
watch you log in to
your computer

SHOULDERSURFING

Never give yourpassword out
Only click on trusted
links

SOCIALENGINEERINGHOW IT WORKSHOW TO FIGHT IT
Use passwords
that are at least 12
characters

Bad guys use special
software to guesspotential passwords until
they get a match to yours.

Mix letters,
numbers, andspecial characters

BRUTE FORCEATTACKHOW TO FIGHT IT

HOW IT WORKS
Bad guys use information
about you to crack yourpassword with a brute force
attack or by guessing yourpassword reset questions.

Don’t use recovery
answers someone canfind on social media

DATA
MINING

Don’t use words fromyour social media
profiles as passwords

Have a Question or Concern?
+1866-Ethicsp, +1866-493-1856, +1877-584-8488
Or www.ethicspoint.com. Confidential. 24/7

Our Second Quarter 2023 poster distributed throughout the Terex organization on
preventing cyber-fraud.

63

GOVERNANCE

The 2023 Terex Sustainability Report

An Engaged, Diverse,
and Independent
Board of Directors
The Terex Board of Directors is committed
to ethical conduct and good corporate
governance. Our Board oversees thestrategic direction of our Company,

promotes the long-term interests of ourshareholders, and drives management
accountability.

As of September 2023, our Board iscomprised of John L. Garrison, Jr. and 8

Dataprotection andprivacy

No poisonpills

Clawback
provisions

Effective
lead director
structure

We are proud of the diversity of our Board.
Of our 9 directors, 33% are women and
33% are racially diverse.
Diversity is an integral part of our Board
recruiting strategy. Our skill-mapping

Regularindependent
director executive
sessions

GOVERNANCEHIGHLIGHTS

Business
Practice
Advocates(BPA)

independent directors. Mr. Garrison, Terex
Chief Executive Officer and President, isalso Chairman of the Board. David Sachs is
the Lead Director. Directors are selected toserve on our Board based on their integrity,
diversity, experience, sound judgment
in areas relevant to the Company’sbusinesses, and willingness to commit thetime required to the Board.

Comprehensive
Code of Ethics &Conduct
Thoroughdirector onboarding
process

Annual Board/
Audit,
compliance, committee selfevaluations
ESG andcybersecurity
oversight

process identifies opportunities to ensure

aspects of sustainability, both as a full
Board and in committee meetings.

that our directors are diverse in their skills
and experiences in industry, operations,John Garrison leads sustainability at Terex.
In 2022, we appointed Stacey Babson
Kaplan as Senior Vice President, Chief
Sustainability & Compliance Officer. Ms.
Babson Kaplan collaborates with the restof the Terex Executive Leadership teamand others within Terex and liaises closelywith the Terex Board of Directors on theexecution of the Company’s sustainability
strategy, including measuring andmonitoring progress.

financial, international, and other attributes
such as demographic dimensions.

Sustainability
Governance at Terex
Our Board of Directors oversees

sustainability, including risks, opportunities,
and how sustainability informs andinfluences our Company’s strategy.

The Board is updated regularly on many

WHAT WE DO
Link substantial portion of total executive
compensation directly to performance
Include DEI objectives in our annual incentive
compensation plan
Engage with stockholders on executive
compensation matters each year
Target compensation at market median forcomparable positions
Maintain minimum vesting requirements fortime-based equity awards
Conduct an annual say-on-pay vote

33% ofdirectors
are raciallydiverse

8/9 directors are
independent

DIVERSEAND
EXPERIENCED
BOARD

Diversified mix of
director tenure

33% ofdirectors
are women

64GOVERNANCE

The 2023 Terex Sustainability Report

Board of Directors

John L.
Garrison, Jr.

Chairman & Chief
Executive Officer

Paula H.J.
Cholmondeley

Donald DeFosset

Thomas Hansen

Sandie O’Connor

Christopher Rossi

Andra RushDavid Sachs

Seun Salami

Simon A. Meester

Stacey Babson
KaplanAmy J. George

Scott J. Posner

Aroon Sehgal

Randy S.
Williamson

Executive Leadership TeamJohn L.
Garrison, Jr.

Chairman & Chief
Executive Officer

Julie A. Beck

SVP & Chief
Financial Officer

Kieran Hegarty
President,
Terex Materials
Processing

President, AerialWork Platforms

SVP, Chief
Sustainability &Compliance Officer

SVP & Chief Human
Resources Officer

SVP, GeneralCounsel &Secretary

Senior Vice
President, Chief
Digital Officer

SVP, Corporate
Development &Chief Strategy
Officer65

GOVERNANCE

The 2023 Terex Sustainability Report

Terex Board of Directors
Strategic Oversight
Audit Committee
Chaired by Director
Paula Cholmondeley

Compensation and
Human Capital Committee
Chaired by Director Don DeFosset• Information Security Disclosures• Diversity, Equity & Inclusion• C ontrols and procedures to support the• Executive Succession Planning• A ccuracy of reported ESG metrics

accuracy and consistency of ESG disclosures• Management Development

Governance, Nominating,and Corporate Responsibility Committee
Chaired by Lead Director David Sachs
ESG Governance• Assist the Board and the Compensation and
Human Capital Committee with providing
oversight to the Company’s general approachand strategy for addressing ESG mattersrelevant to the Company (the “ESG Strategy”)• Provide oversight, guidance and perspective(with the Compensation and Human CapitalCommittee) to management regarding theCompany’s initiatives, processes, policies, anddisclosures pertaining to ESG matters within
the ESG Strategy

Safety• Review, monitor, and assess team member
health and safety as well as product safety
and regulations
Environment• Review, monitor, and assess theenvironmental impact of the Company’s
operations
Governance• Board governance, including Board
composition and skills• Ethics & Compliance oversightExternal Assurance

Our Company engaged EcoAct, an independent carbon management company,
to verify our year-end 2022 Scope 1 and Scope 2 GHG emissions. Based on thedata and information provided by our Company, EcoAct issued its opinion thatthe following GHG emissions totals are fairly stated and free from material error:
Terex Carbon
Emissions Sources

2022 Emissions(tCO2e)Scope 1 Emissions:

31,197

Scope 2 Emissions (location-based):

19,396

Total tCO2e Scope 1 and 2 (location-based):

50,593

THANK YOU
Thank you for reading our 2023
Sustainability Report. If you have any
questions or would like additional
information, please contact Stacey Babson
Kaplan, Senior Vice President, Chief
Sustainability & Compliance Officer, at
Stacey.BabsonKaplan@terex.com.

66

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The 2023 Terex Sustainability Report

Appendix

GRI STANDARDS INDEX (FULL YEAR ENDING DECEMBER 31, 2022)

Disclosure

Location and Information

Disclosure

Location and Information

2-1 Organizational details

Terex Corporation is a publicly traded
company listed on the New York Stock
Exchange. Terex’s headquarters are locatedin Norwalk, Connecticut, US. For a list ofother locations, refer to our Annual Reporton Form 10-K for the year ended
December 31, 2022.

2-12 Role of the highest governance body inoverseeing the management of impacts

See pages 64-66 of the 2023 Sustainability
Report.

2-13 Delegation of responsibility for managing
impacts

The Terex Board of Directors is the highest
governance body for Terex Corporation. The
Board delegates responsibility for managing
the organization’s impacts on the economy,
environment, and people to the Chief Executive
Officer of the Company and the Executive
Leadership Team. Five times a year, during
regularly scheduled Board meetings, theExecutive Leadership Team reports to theBoard with respect to the management of
the organization’s impacts on the economy,
environment, and people.

2-14 Role of the highest governance body insustainability reporting

See pages 64-66 of the 2023 Sustainability
Report.

2-2 Entities included in the organization’ssustainability reporting

Refer to our Annual Report on Form 10-K forthe year ended December 31, 2022.

2-3 Reporting period, frequency, and contact
point

Terex reports annually in the 4th quarter.

2-4 Restatements of information

No restatements have been required.

2-5 External assurance

See page 66 of the 2023 Sustainability Report.

2-6 Activities, value chain, and other business
relationships

Refer to our Annual Report on Form 10-K forthe year ended December 31, 2022.

2-15 Conflicts of interest

Refer to our 2023 Annual Stockholder Meeting
and Proxy Statement.

2-7 Employees

Refer to our Annual Report on Form 10-K forthe year ended December 31, 2022.

2-16 Communication of critical concerns

See pages 59-60 and 64-66 of the 2023
Sustainability Report.

2-8 Workers who are not employees

Refer to our Annual Report on Form 10-K forthe year ended December 31, 2022.

2-17 Collective knowledge of the highest
governance body

Refer to our 2023 Annual Stockholder Meeting
and Proxy Statement.

2-9 Governance structure and composition

Refer to our 2023 Annual Stockholder Meeting
and Proxy Statement.

2-18 Evaluation of the performance of thehighest governance body

Refer to our 2023 Annual Stockholder Meeting
and Proxy Statement.

2-10 Nomination and selection of the highest
governance body

Refer to our 2023 Annual Stockholder Meeting
and Proxy Statement.

2-19 Remuneration policies

Refer to our 2023 Annual Stockholder Meeting
and Proxy Statement.

2-11 Chair of the highest governance body

Refer to our 2023 Annual Stockholder Meeting
and Proxy Statement.

2-20 Process to determine remuneration

Refer to our 2023 Annual Stockholder Meeting
and Proxy Statement.

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The 2023 Terex Sustainability Report

Disclosure

Location and Information

Disclosure

Location and Information

2-21 Annual total compensation ratio

Refer to our 2023 Annual Meeting and Proxy
Statement.

202-1 Ratios of standard entry-level wage by
gender compared to local minimum wage

This information is either not available or is not
publicly disclosed by Terex.

2-22 Statement on sustainable development
strategy

See pages 12-13 of the 2023 Sustainability
Report.

202-2 Proportion of senior management hiredfrom the local community

2-23 Policy commitments

See page 61 of the 2023 Sustainability Report.

All members of senior management employedby the Company have the legal right to resideindefinitely in the same geographic market as
the operation.

2-24 Embedding policy commitments

See pages 61 and 64-66 of the 2023
Sustainability Report.

203-1 Infrastructure investments and services
supported

2-25 Processes to remediate negative impacts

See pages 59-60 of the 2023 Sustainability
Report and the Terex Code of Ethics & Conduct.

Except as otherwise indicated in the 2023
Sustainability Report, this information is either
not available or is not publicly disclosed by Terex.

203-2 Significant indirect economic impacts

Refer to our Annual Report on Form 10-K forthe year ended December 31, 2022.

2-26 Mechanisms for seeking advice andraising concerns

See the Terex Code of Ethics & Conduct.

204-1 Proportion of spending on local suppliersThis information is either not available or is not
publicly disclosed by Terex.

2-27 Compliance with laws and regulations

See the Terex Code of Ethics & Conduct.

See page 59 of the 2023 Sustainability Report.

2-28 Membership associations

See page 61 of the 2023 Sustainability Report.

205-1 Operations assessed for risks related tocorruption

2-29 Approach to stakeholder engagement

See pages 13 and 81 of the 2023 Sustainability
Report.

205-2 Communication and training about anticorruption policies and procedures

See page 59 of the 2023 Sustainability Report.

2-30 Collective bargaining agreements

See page 61 of the 2023 Sustainability Report.

205-3 Confirmed incidents of corruption andactions taken

See page 60 of the 2023 Sustainability Report.

3-1 Process to determine material topics

See page 13 of the 2023 Sustainability Report.

3-2 List of material topics

See page 13 of the 2023 Sustainability Report.

206-1 Legal actions for anti-competitive
behavior, anti-trust, and monopoly practices

Refer to our Annual Report on Form 10-K forthe year ended December 31, 2022.

3-3 Management of material topics

See page 12 of the 2023 Sustainability Report.

207-1 Approach to tax

Refer to our Annual Report on Form 10-K forthe year ended December 31, 2022.

201-1 Direct economic value generated anddistributed

Refer to our Annual Report on Form 10-K forthe year ended December 31, 2022.

207-2 Tax governance, control, and risk
management

Refer to our Annual Report on Form 10-K forthe year ended December 31, 2022.

201-2 Financial implications and other risks andopportunities due to climate change

Refer to our '21, '22, and '23 CDP responses.

207-3 Stakeholder engagement andmanagement of concerns related to tax

201-3 Defined benefit plan obligations andother retirement plans

Refer to our Annual Report on Form 10-K forthe year ended December 31, 2022.

Terex complies with applicable tax laws,
cooperates with tax authorities, and advocatesthrough trade associations on matters relating
to tax policy.

201-4 Financial assistance received fromgovernment

This information is either not available or is not
publicly disclosed by Terex.

207-4 Country-by-country reporting

While Terex does not publicly disclose thisinformation, Terex complies with all applicable
tax laws, including payment of taxes in thejurisdictions where it is required by law to do so.

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The 2023 Terex Sustainability Report

Disclosure

Location and Information

Disclosure

Location and Information

301-1 Materials used by weight or volume

This information is either not available or is not
publicly disclosed by Terex.

304-2 Significant impacts of activities, products
and services on biodiversity

This information is either not available or is not
publicly disclosed by Terex.

301-2 Recycled input materials used

This information is either not available or is not
publicly disclosed by Terex.

304-3 Habitats protected or restored

See page 21 of the 2023 Sustainability Report.

301-3 Reclaimed products and their packaging
materials

This information is either not available or is not
publicly disclosed by Terex.

304-4 IUCN Red List species and national
conservation list species with habitats in areas
affected by operations

This information is either not available or is not
publicly disclosed by Terex.

302-1 Energy consumption within theorganization

See pages 15-18 of the 2023 Sustainability
Report and refer to our '21, '22, and '23 CDP
responses.

305-1 Direct (Scope 1) GHG emissions

See page 18 of the 2023 Sustainability Reportand refer to our '21, '22, and '23 CDP responses.

302-2 Energy consumption outside of theorganization

This information is either not available or is not
publicly disclosed by Terex.

305-2 Energy indirect (Scope 2) GHG emissions

See page 18 of the 2023 Sustainability Reportand refer to our '21, '22, and '23 CDP responses.

302-3 Energy intensity

See pages 15-18 of the 2023 Sustainability
Report and refer to our '21, '22, and '23 CDP
responses.

305-3 Other indirect (Scope 3) GHG emissions

Refer to our '23 CDP response.

305-4 GHG emissions intensity

See page 18 of the 2023 Sustainability Reportand refer to our '21, '22, and '23 CDP responses.

302-4 Reduction of energy consumption

See pages 15-18 of the 2023 Sustainability
Report and refer to our '21, '22, and '23 CDP
responses.

305-5 Reduction of GHG Emissions

See page 18 of the 2023 Sustainability Reportand refer to our '21, '22, and '23 CDP responses.

302-5 Reductions in energy requirements ofproducts and services

See pages 22-32 of our 2023 Sustainability
Report.

305-6 Emissions of ozone-depleting
substances (ODS)

This information is either not available or is not
publicly disclosed by Terex.

303-1 Interactions with water as a sharedresource

See page 20 of the 2023 Sustainability Report.

305-7 Nitrogen oxides (NOx), sulfur oxides(SOx), and other significant air emissions

This information is either not available or is not
publicly disclosed by Terex.

303-2 Management of water discharge-related
impacts

See page 20 of the 2023 Sustainability Report.

306-1 Waste generation and significant wasterelated impacts

This information is either not available or is not
publicly disclosed by Terex.

303-3 Water withdrawal

This information is either not available or is not
publicly disclosed by Terex.

306-2 Management of significant waste-related
impacts

This information is either not available or is not
publicly disclosed by Terex.

303-4 Water discharge

This information is either not available or is not
publicly disclosed by Terex.

306-3 Waste generated

This information is either not available or is not
publicly disclosed by Terex.

303-5 Water consumption

This information is either not available or is not
publicly disclosed by Terex.

306-4 Waste diverted from disposal

This information is either not available or is not
publicly disclosed by Terex.

304-1 Operational sites owned, leased,managed in, or adjacent to, protected areas
and areas of high biodiversity value outside
protected areas

This information is either not available or is not
publicly disclosed by Terex.

306-5 Waste directed to disposal

This information is either not available or is not
publicly disclosed by Terex.

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Disclosure

Location and Information

Disclosure

Location and Information

308-1 New suppliers that were screened using
environmental criteria

This information is either not available or is not
publicly disclosed by Terex.

403-5 Worker training on occupational healthand safety

See pages 34-37 of the 2023 Sustainability
Report.

308-2 Negative environmental impacts in the
supply chain and actions taken

This information is either not available or is not
publicly disclosed by Terex.

403-6 Promotion of worker healthSee pages 34-37, 50, and 52 of the 2023
Sustainability Report.

401-1 New employee hires and employee
turnoverSee page 80 of the Sustainability Report.

See pages 34-37 of the 2023 Sustainability
Report.

401-2 Benefits provided to full-time employeesthat are not provided to temporary or part-time
employees

Benefits are provided to team members inaccordance with applicable laws and summary
plan descriptions. Benefits vary from country
to country and may vary within a country. See
pages 50 and 52 of the 2023 Sustainability
Report.

403-7 Prevention and mitigation ofoccupational health and safety impacts directly
linked by business relationships
403-8 Workers covered by an occupational
health and safety management system

See pages 34-37 of the 2023 Sustainability
Report.

403-9 Work-related injuries

See page 39 of the 2023 Sustainability Report.

403-10 Work-related ill health

In 2022, we recorded two illnesses with bothbeing repetitive motion/cumulative trauma
in nature. The top 5 exposures are: noise
exposure (all production and service areas);musculoskeletal disorders (all tasks that are
repetitive or out of safe work zone); weld fumes/
respirable dust (welding, cutting, and grinding);
carbon monoxide (testing equipment); andvibration (tools and equipment).

404-1 Average hours of training per year per
employee

See page 51 of the 2023 Sustainability Report.

404-2 Programs for upgrading employee skills
and transition assistance programs

See pages 51-52 of the 2023 Sustainability
Report.

404-3 Percentage of employees receiving
regular performance and career development
reviews

See page 52 of the 2023 Sustainability Report.

405-1 Diversity of governance bodies andemployees

See pages 45, 64-65, and 78-80 of the 2023
Sustainability Report.

405-2 Ratio of basic salary and remuneration of
women to men

See page 52 of the 2023 Sustainability Report.

406-1 Incidents of discrimination andcorrective actions taken

From time to time, we do receive allegations of
discrimination. When we do, we investigate theallegations thoroughly and fairly and implement
corrective actions as appropriate. See page 60of the 2023 Sustainability Report.

401-3 Parental leave

Terex does not track parental leave data for our
global population of team members. We comply
with all applicable laws with respect to parental
leave, including taking leave and returning towork to the same or comparable positions.

402-1 Minimum notice periods regarding
operational changes

Terex provides reasonable notice ofsignificant operational changes to teammembers and their representatives, as wellas to appropriate government authorities,
taking into consideration the nature of thecircumstances leading up to the organizationalchanges. We do not have one standard
notification period across the organizationand notice may vary depending uponcircumstances, national or local legislation, or
collective bargaining or trade agreement.

403-1 Occupational health and safety
management system

See pages 34-35 of the 2023 Sustainability
Report.

403-2 Hazard identification, risk assessment,
and incident investigation

See pages 34-39 of the 2023 Sustainability
Report.

403-3 Occupational health services

See pages 35, 50, and 52 of the 2023
Sustainability Report.

403-4 Worker participation, consultation, andcommunication on occupational health andsafetySee pages 50 and 61 of the 2023 Sustainability
Report.

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Disclosure

Location and Information

Disclosure

Location and Information

407-1 Operations and suppliers in which theright to freedom of association and collective
bargaining may be at risk

Terex recognizes and has not violated its
workers’ rights to exercise freedom of
association and collective bargaining. To
date, we are not aware of suppliers that haveviolated their workers’ rights to exercise
freedom of association or collective bargaining.
By year-end 2023, Terex plans to conduct ahuman rights assessment of its suppliers andwill develop mitigation plans to address any
concerns or risks. See page 61 of the 2023
Sustainability Report.

413-1 Operations with local community
engagement, impact assessments, anddevelopment programs

See pages 12-13 of the 2023 Sustainability
Report.

413-2 Operations with significant actualand potential negative impacts on local
communities

This information is either not available or is not
publicly disclosed by Terex.

414-1 New suppliers that were screened usingsocial criteria

See page 61 of the 2023 Sustainability Report.
Additionally, by year-end 2023, Terex plans
to conduct a human rights assessment of its
suppliers and will develop mitigation plans toaddress any concerns or risks.

414-2 Negative social impacts in the supply
chain and actions taken

See page 61 of the 2023 Sustainability Report.
Additionally, by year-end 2023, Terex plans
to conduct a human rights assessment of its
suppliers and will develop mitigation plans toaddress any concerns or risks.

415-1 Political contributions

See page 61 of the 2023 Sustainability Report.

416-1 Assessment of the health and safety
impacts of product and service categories

See page 41 of the 2023 Sustainability Report.

416-2 Incidents of non-compliance concerning
the health and safety impacts of products andservices

This information is either not available or is not
publicly disclosed by Terex.

417-1 Requirements for product and service
information and labeling

Terex complies with all applicable product andservice information and labeling requirements.

417-2 Incidents of non-compliance concerning
product and service information and labelingThis information is either not available or is not
publicly disclosed by Terex.

417-3 Incidents of non-compliance concerningmarketing communications

Terex uses fair and responsible marketing
practices, communicating transparently about
its brands, products, and services. Terex isunaware of any incidents of non-compliancewith its marketing communications.

418-1 Substantiated complaints concerning
breaches of customer privacy and losses ofcustomer data

Terex does not have any substantiatedcomplaints concerning breaches of customer
privacy.

408-1 Operations and suppliers at significant
risk for incidents of child labor409-1 Operations and suppliers at significant
risk for incidents of forced or compulsory labor

Terex complies with all applicable laws
regarding minimum age of employment anddoes not have any incidents of child labor oryoung workers exposed to hazardous work. To
date, we are not aware of suppliers employing
child labor or exposing young workers tohazardous work. By year-end 2023, Terex plans
to conduct a human rights assessment of its
suppliers and will develop mitigation plans toaddress any concerns or risks. See page 61 of
the 2023 Sustainability Report.
Terex prohibits any forced or compulsory
labor and has had no incidents of forced orcompulsory labor at our Terex facilities. To date,
we are not aware of suppliers that use forced
or compulsory labor. By year-end 2023, Terex
plans to conduct a human rights assessmentof its suppliers and will develop mitigation plansto address any concerns or risks. See page 61of the 2023 Sustainability Report.

410-1 Security personnel trained in humanrights policies or procedures

Under circumstances where Terex might
employ security personnel, such personnel
would receive training on the Company’s
human rights policies. Terex does not train
security personnel employed directly or
through third parties on human rights policies
and procedures.

411-1 Incidents of violations involving rights ofindigenous peoples

Terex does not have any identified incidents
of violations involving the rights of indigenous
peoples.

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The 2023 Terex Sustainability Report

SUSTAINABILITY ACCOUNTING STANDARDS BOARD (SASB)
Table 1. Sustainability Disclosure Topics & Accounting Metrics for Industrial Machinery and Goods – Full year ending December 31, 2022

Topic

Accounting Metric

Unit of Measure

Response/Comment

SASB CodeEnergy Management

Total Energy Consumed

Gigajoules (GJ)

856,784

RT-IG-130.a.1

Percentage of Grid Electricity

%

35.45

Percentage of Renewable Energy

%

12.08

Total Recordable Incident Rate (TRIR)

Rate

1.99

Fatality Rate

Number0

Near Miss Frequency Rate (NMFR)

Rate

27.9

Sales-weighted fleet fuel efficiency formedium- and heavy-duty vehicles

Gallons per 1000 ton-miles

We continue to invest in thedevelopment of products thatgenerate lower emissions.

Sales-weighted fuel efficiency for
non-road equipment

Gallons per hour

Sales-weighted fuel efficiency
for stationary generators

Watts per gallon

Sales-weighted emissions of:Grams per kilowatt-hour

Employee Health & Safety

Fuel Economy &Emissions in Use-phase(1) nitrogen oxides (NOx) and(2) particulate matters (PM) fora. marine diesel engines,

b. locomotive diesel engines,c. on-road medium- and heavyduty engines, andd. other non-road diesel engines

Given the diversity of our products,
we do not calculate sales-weighted
fuel efficiency or emissions in thismanner.

RT-IG-320a.1

RT-IG-410a.1

RT-IG-410a.2

RT-IG-410a.3

RT-IG-410a.4

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The 2023 Terex Sustainability Report

Topic

Accounting Metric

Unit of Measure

Response/Comment

SASB CodeMaterials Sourcing

Description of the Managementof Risks Associated with the Useof Critical Materials

Discussion and Analysis

Terex is exposed to supply chain
risks when critical materials are usedin our products. To mitigate theserisks, Terex expects that all suppliers
adhere to The Terex Corporation
Supplier Code of Conduct. The
Supplier Code of Conduct conveys
our expectations for sustainability
performance, including:

RT-IG-440a.1• Protecting both the environment

and employees through safe work
practices;• Adhering to all applicable laws andregulations; and,• Combating human trafficking and

not engaging or supporting forced,
compulsory, or child labor.

A core value at Terex is our Zero
Harm Safety Culture. We extend
that value to our supply base by
expecting suppliers to:• Commit to the safety and health oftheir employees;• Conform to all applicable healthand safety laws and regulations
and applicable industry codes; and,• Maintain an active program toenforce and monitor compliancewith health and safety
requirements.

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The 2023 Terex Sustainability Report

Topic

Accounting Metric

Unit of Measure

Response/Comment

SASB CodeMaterials Sourcing (cont.)

Description of the Managementof Risks Associated with the Useof Critical Materials

Discussion and Analysis

From a labor perspective, Terex
suppliers are expected to adhere to
the following standards:

RT-IG-440a.1• Supplier will ensure that its

employees work in compliancewith all applicable wage and hourlaws and industry standards;• Supplier will not use child laboror any form of slave, forced,
or compulsory labor, including
involuntary prison labor;• Supplier will comply with allapplicable anti-discrimination
employment laws and will provide
a workplace free from harassment;and• Supplier will not subject workers

to inhumane treatment such as
sexual harassment, bullying, or
corporal punishment.

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APPENDIX

The 2023 Terex Sustainability Report

Topic

Accounting Metric

Unit of Measure

Response/Comment

SASB CodeMaterials Sourcing (cont.)

Description of the Managementof Risks Associated with the Useof Critical Materials

Discussion and Analysis

We expect our suppliers to comply
with our conflict minerals reporting
rules, including:

RT-IG-440a.1• Completing Terex’s annual Conflict

Minerals survey;• Identifying 3TG products—

tungsten, tantalum, tin, and gold,
considered conflict minerals under
US law— that they sell to Terex
and the smelter that provided theoriginal 3TG material. (Terex’s direct
suppliers may have to require
successive upstream suppliers
to complete Terex’s Conflict
Minerals survey until the smelter is
identified);• Agreeing to cooperate with Terex inconnection with any due diligencethat Terex chooses to performwith respect to country-of-origin
inquiries; and• Providing reasonable proof of due

diligence when Terex deems it
necessary to support the countryof-origin certification provided by
the supplier to Terex.

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The 2023 Terex Sustainability Report

Topic

Accounting Metric

Unit of Measure

Response/Comment

SASB CodeMaterials Sourcing (cont.)

Description of the Managementof Risks Associated with the Useof Critical Materials

Discussion and Analysis

Terex completes an extensive
screening process for new suppliers,
including the completion of a
Request for Information (RFI) thatdetails the controls and practices
the supplier follows to ensurecompliance in Environmental, Healthand Safety, Conflict Minerals, andother Compliance areas. Our risk
assessment and due diligenceprocess also includes supplier onsite visits where appropriate.

RT-IG-440a.1

Terex services and restores Terexand other industrial company
equipment and parts back tooriginal working condition. We
do not disclose revenue as it iscompetitive information.

RT-IG-440b.1

In all cases, Terex reserves theright to verify, through an audit orotherwise, the supplier’s compliancewith our standards.

Remanufacturing Design & Services

Revenue from Remanufactured
Products and Remanufacturing
Services

Discussion*The information in the table above is based on the best available data at time of publication. The energy management information includes metrics that have been externally verified.
The metrics are from 79 Terex sites and not the entirety of all Terex locations. The data and metrics are not prepared in accordance with generally accepted accounting principles (GAAP).

Table 2. Activity Metrics - Full year ending December 31, 2022
Activity Metric

Unit of Measure

Response/Comment

SASB Code

Number of Units Produced by Product Category

NumberWe do not disclose units produced as it iscompetitive information.

RT-IG-000.A

Number of Employees

Number~9,300RT-IG-000.B*The information in the table above is based on the best available data at time of publication and is subject to change. The
data and metrics are non-audited and not prepared in accordance with generally accepted accounting principles (GAAP).

76

APPENDIX

The 2023 Terex Sustainability ReportTASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES (TCFD)
Core Elements

Disclosure

Governance

Our Board of Directors oversees sustainability, including risks, opportunities, and how sustainability informs and influences our Company’s strategy. Our Board is
updated five times annually on sustainability matters, including climate-related impacts.

John L. Garrison, Jr., Terex Chairman, President and Chief Executive Officer, leads sustainability at Terex. In 2022, we appointed Stacey Babson Kaplan as SeniorVice President, Chief Sustainability & Compliance Officer. Ms. Babson Kaplan collaborates with the rest of the Terex Executive Leadership team and others within
Terex and liaises closely with the Terex Board of Directors on the execution of the Company’s sustainability strategy, including measuring and monitoring progress.
Strategy

We have a sustainability strategy in place that includes reducing negative impacts on the environment. We are focused on carbon emissions reductions, energy
efficiency, waste reduction, efficient water consumption, and our biodiversity impact.

Our Executive Leadership Team meets regularly to discuss risks and opportunities, which would include climate risk as applicable. To date, we have not determinedthat climate risk is material to the Company; however, we continue to monitor climate risk and the financial and strategic implications.
Risk Management

Our risk management processes will align with identified environmental risks and opportunities that are relevant to our stakeholders. We are currently evaluating ouralignment with TCFD and have completed a gap analysis.

Metrics and Targets

We are targeting a 15% reduction in GHG emissions intensity by 2024. Similarly, our global energy intensity conservation goal is a 15% reduction from our 2019baseline by 2024. We disclose Scope 1 and Scope 2 emissions and are working on our Scope 3 emissions. We are also planning to establish near- and long-term
SBT targets.

*The information in the table above is based on the best available data at time of publication. The environmental metrics include information from 79 Terex sites andnot the entirety of all Terex locations. The data and metrics are non-audited and not prepared in accordance with generally accepted accounting principles (GAAP).

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The 2023 Terex Sustainability Report

TEAM MEMBER DEMOGRAPHICS
2022 Diversity Data for US Team Members*

Number of Team Members
Race/Ethnicity
Not Hispanic or Latino
Job Categories

Hispanic or Latino

Male
NativeHawaiianor PacificIslanderOverall
TotalsFemaleAsian

AmericanIndian or
AlaskanNativeTwo or
More
Races

White

Black orAfricanAmericanNativeHawaiianor PacificIslanderAsian

AmericanIndian or
AlaskanNativeTwo or
More
Races

Male

FemaleWhite

Black orAfricanAmerican

0

0

22

0

0

0

0

0

5

0

0

0

0

0

27

First / Mid Level
Officials and Managers

21

3

362

5

4

12

1

7

83

4

0

9

0

3

514

Professionals

13

8

240

11

0

19

3

10

105

6

0

10

1

3

429

Technicians

8

1

82

3

0

9

0

2

7

1

0

0

0

1

114

Sales Workers

6

0

79

6

0

2

2

0

17

2

0

1

0

0

115

Administrative Support
Workers

22

17

172

13

0

10

2

7

150

16

0

10

2

3

424

Craft Workers

39

1

308

12

2

4

3

8

14

0

0

0

0

1

392

Operatives

266

66

886

67

13

226

14

44

153

2

4

43

2

8

1,794

Laborers and Helpers

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Service Workers

0

0

2

0

0

0

0

0

0

0

0

0

0

0

2

Total

375

96

2,153

117

19

282

25

78

534

31

4

73

5

19

3,811

Prior Year Total

334

78

2,166

122

16

312

25

75

491

28

3

67

4

21

3,742

Executive / Sr. Level
Officials and Managers*Data is as of December 18-December 31, 2022.

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The 2023 Terex Sustainability Report

Gender Demographics(Company-wide as of year-end 2022)

Geographic Demographics

Ten Countries with the Highest Percentage
of Terex Team Members

Age Demographics(Company-wide as of year-end 2022)(as of year-end 2022)

Canada 1%

Ireland 1%

Mexico 4%

Australia 4%

Age not
provided
6%

Germany 4%
Women
19%

Younger than 30
17%

India 6%
US 42%

Italy 6%

Older than 50
26%

China 7%
Men
81%

Ages 30–50
51%
UK 25%

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The 2023 Terex Sustainability Report

New Hire Demographics
Team Members
Joining theOrganization in 2022
Total

Turnover Demographics
Number of
New Hires

New Hire
Rate

2654

29%

Team Members
Leaving Employment
in 2022
Total

Number ofTeam Members
Leaving

Turnover
Rate

1838

20%

By Age GroupBy Age Group
Under 30

965

61%

Under 30

595

38%

30-50

1145

24%

30-50

845

18%

50+

346

14%

50+

359

15%

Not Provided

198

38%

Not Provided

39

7%

By Region

By Region
APAC

250

27%

APAC

172

19%

China

109

17%

China

96

15%

EMEAR

777

23%

EMEAR

516

15%

North & South America

1518

35%

North & South America

1054

24%

GenderGender
Male

2105

28%

Male

1507

20%

Female549

32%

Female

331

19%

80

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The 2023 Terex Sustainability Report

STAKEHOLDER ENGAGEMENT
How we engage with
Stakeholders

Team
Members

Customers

ESG Materiality Assessmentx

Annual Engagement SurveyxEarnings CallsxInternal Events, Town Halls &Webinarsx

Trainingxx

Annual Meeting

x

x

x

x

x

x

x

x

x

x

Trade Association Meetings,
Conferences, and Exhibitions
Terex Helpline System

Government& NGOsIndustry

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

x

Volunteeringxx

Sponsorships
Company Websites

Communities

x

External Meetings
Site Visits

Suppliersx

Say on Pay Meetings
Social Media and News
EventsInvestors

x
x

x

x
x

x

x

81

APPENDIXABOUT THIS REPORT
Unless specifically stated otherwise, the metrics in this report cover Terex Corporation’s performance in 2022. This report, which speaks only as of its date, is not comprehensive
and for that reason, this report should be read in conjunction with our 2022 Annual Report on Form 10-K and our 2023 Proxy Statement, which can be found at Terex.com. The
goals and projects described in this report are aspirational; as such, no guarantees or promises are made that these goals and projects will be met or successfully executed.
Except as otherwise indicated, data, statistics, and metrics included in this report are non-audited and not prepared in accordance with generally accepted accounting principles(GAAP). In some cases, environmental data reported includes metrics from 79 Terex sites and not the entirety of all Terex locations. Certain information in this report includes
forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities
Litigation Reform Act of 1995), including statements regarding our Sustainability goals and strategies. In addition, when included in this report, the words “may,” “expects,”“should,” “intends,” “anticipates,” “believes,” “plans,” “projects,” “estimates,” “will,” and the negatives thereof and analogous or similar expressions are intended to identify forwardlooking statements. However, the absence of these words does not mean that the statement is not forward-looking. We have based these forward-looking statements on current
expectations and projections about future events. These statements are not guarantees of future performance. Such statements are inherently subject to a variety of risks anduncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements. More information on risks, uncertainties and otherpotential factors that could affect our business and performance is included in our filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysisof Financial Condition and Results of Operations” sections of our most recently filed periodic reports on Form 10-K, Form 10-Q, and subsequent filings. The forward-looking
statements in our report are made as of the date first published, unless otherwise indicated and except as required by law, we undertake no obligation to update these forwardlooking statements as a result of new information or to reflect subsequent events or circumstances.

The 2023 Terex Sustainability Report82terex.com©2023 Terex Corporation