Table of Contents
Message to Our Stakeholders										

3AMETEK Overview											

5Our Core												

7Our Strategy												

15Our People												

19Our Solutions												

26AMETEK SASB Profile Report										

35AMETEK TCFD Disclosure										

37About This Report											41

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Message to Our Stakeholders
AMETEK remains focused on creating a sustainable futurefor our stakeholders. We are proud of the important steps
we have taken to further our sustainability efforts. I am
pleased to share in this report additional information on oursustainability initiatives, the progress we have made, andthe commitments we are making to create a better future
for all of our stakeholders.
In 2020, we celebrated our 90th anniversary of

AMETEK faced unprecedented challenges brought

being listed on the New York Stock Exchange (NYSE).

on by the COVID-19 pandemic. In this report, we

It was a celebration of our long history and thehighlight our efforts to help ensure the safety andsustainable nature of our company. As we highlighted

well-being of our employees while also supportingin our first Sustainability Report published in 2019,

our global customers with essential solutions that

AMETEK’s success is driven by Our Core, Our

helped battle COVID-19 and save lives.

Strategy, Our People, Our Solutions, and ourcommitment to doing the right thing in all facets of ourI remain inspired by our employees’ dedication tobusiness. This year’s report provides further detail

AMETEK’s mission of solving our customers’ moston each of these areas. We also provide examples ofcomplex challenges with differentiatedhow AMETEK’s solutions support our customers’

technology solutions. Our teams’ perseverance

sustainability initiatives by reducing emissions, energy

allowed us to manage the downturn exceptionallyconsumption, and waste.

well and emerge in an even stronger position
to deliver future sustainable growth. This successspeaks to the strength and flexibility of the AMETEKDavid A. Zapico
Chairman of the Board andChief Executive Officer

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Growth Model.

As a result of the pandemic, we accelerated ourhigher levels of employee engagement. We

investments in AMETEK’s digital transformation, allowing

strengthened our focus on social responsibility by

us to efficiently support and interact with our customers

expanding our volunteer efforts and increasing ourand suppliers. We also continued our investments incontributions through the AMETEK Foundation, ourthe research, development, and engineering of advanced

company’s charitable giving arm, to support thetechnology solutions that play a critical role incommunities where we operate.

addressing some of the most important issues that
impact our daily lives.

We took steps to reduce our carbon footprint andbegan disclosing environmental data including scope 1

As an example, AMETEK Gatan’s K3 camera was theand scope 2 emissions data, energy consumption, water

first to capture the structural image of the COVID-19

usage, and waste output. In 2020, we reduced ourcoronavirus spike protein, which provided key data for

absolute, combined scope 1 and scope 2 emissions

the development of vaccines and therapeutics.

and energy usage each by 13%. To continue thismomentum, we have set an ambitious goal to reduce ourThis past year also served as a powerful reminder

greenhouse gas emissions, which is detailed later inthat our core values — Ethics and Integrity, Respect

this report. Additionally, we developed the Elizabeth R.

for the Individual, Diversity and Inclusion,

Varet Sustainability Award to recognize our businesses’

Teamwork, and Social Responsibility — remain theefforts to reduce their environmental impact.

most critical components of our sustainability efforts. We
are taking important steps to expand and further these

To better manage AMETEK’s sustainability initiatives,

core values. In particular, we are pleased to highlight in

we created a cross-functional team to accelerate

this report the results of our diversity hiring andprogress and identify projects that will help us achieve

development initiatives.

our sustainability goals. We have aligned our disclosure
efforts with the Sustainability Accounting Standards

AMETEK also enhanced its commitment to diversity

Board (SASB) and the Task Force on Climate-Related

and inclusion by establishing the African American and

Financial Disclosures (TCFD) frameworks, which are

Women’s Business councils, which are driving

provided at the end of this report and on our website.
Together, we at AMETEK are making the world a better
place for our customers, employees, investors,
suppliers and the communities where we operate. We
believe our sustainability story is a growth story andappreciate the opportunity to share this important next
step in that journey.

David A. Zapico
Chairman of the Board and Chief Executive Officer

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Operational Excellence
New Product Development
Global and Market Expansion
Strategic Acquisitions

STRATEGRUYO

AMETEK Overview

AMETEK’s Mission: Solving our customers’
most complex challenges with differentiatedtechnology solutions

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A M E T E K

O V E R V I E WDiversity and Inclusion
Environmentally Conscious
Community-Focused
Ethical Business Practices

PO

Safety First
Talent Development

LU

Compliance andRisk Management OversightPE

stakeholders backed by Our Core, Our Strategy, Our People, and Our Solutions.





O

of being listed on the NYSE. Since 1930, AMETEK has delivered strong, sustainable growth for its

Sound Governance

L

E

S

solve some of the world’s most complex challenges. In 2020, AMETEK celebrated its 90th anniversary

Strong Values

OUR

AMETEK is a leading global provider of electronic instruments and electromechanical devices that

TIO N SOUR CORE

OURTechnology Innovation
Differentiated Products
Strong Customer Relationships
Supply Chain Flexibility
Socially Responsible Processes

S A L E S

B Y

R E G I O N

AMETEK is a market-leading provider of differentiated technology
solutions serving a broad set of customers in diverse end markets including
medical, aerospace and defense, research, automation, power generation,
semiconductor, energy, and food and beverage.

AMETEK’s businesses are leaders in the niche markets

While our businesses serve many different end

they serve, due to their deep domain expertise andmarkets, they strategically focus on market segments

differentiated technology.

and applications with attractive, secular growth
characteristics.
 U.S. ( 51% )AMETEK is truly a global organization with approximately
18,500 employees across more than 150 operating

To capitalize on these important secular growth trends,

locations in 31 countries. Our diverse, high-performing

AMETEK invests heavily in the research, development, andemployees provide our global customer base withengineering of our next-generation products and solutions.

differentiated technology solutions.

Our deep expertise across the niche markets we serve
allows us to develop differentiated technologies that

We operate mostly assembly operations with a focus on

support our customers’ unique requirements. In 2021,

final assembly and testing. AMETEK’s businesses

we expect to spend more than $300 million on research,

partner with a broad, global network of suppliers todevelopment, and engineering (RD&E), which issource components and materials.

approximately 5.5% of AMETEK sales. Our vitality index,

 Europe ( 23% ) Asia ( 21% ) Americas ( 5% )K E Y

FA C T S&

F I G U R E S

which reflects sales from new products introduced overthe last three years, is nearly 25% of sales, highlighting
the sustainable nature of our product portfolio.

S E C U L A R

Providing Mission-Critical
Solutions to theMedical & Healthcare
Fields

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Automation &Manufacturing

S U S TA I N A B I L I T YAdvancing Cutting-Edge
Research &Development

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Supporting Next-Generation
Aerospace & Defense
Platforms

A M E T E K

O V E R V I E W

S U P P O R T I N G

Extending Limits in
Test, Measurement &Detection

O U R

G R O W T H

Ensuring Efficient & Reliable
Energy Production &SupplyGlobal Headquarters:

Operating Locations:

Brands:Berwyn, PA, USA

150+

175+

First Year Listed on NYSE:Countries with Operations:

Acquisitions since 2000:

1930

31

89

Global Employees:

Annualized Sales:

18,500$5.5 Billion

Our Core
Our Core is the backbone of our long-term,
sustainable growth and success. We combine a strong
set of values with sound corporate governance andrigorous oversight of compliance and risk management.
These characteristics continue to drive our ongoingsustainability efforts.

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AMETEK’s Core Values
AMETEK’s core values are ingrained across our company and are aligned with the
distributed nature of our business model. They are based on doing what is right for our
employees, customers, suppliers, investors, and the communities where we operate.
AMETEK’s global scale and business structure allow our colleagues to pursue avariety of meaningful opportunities to help further their industry knowledge and advancewithin the company. The diversity of our workforce encourages team-oriented
collaboration and the sharing of new ideas and perspectives to help drive innovation.

Ethics and Integrity:

Diversity and Inclusion:

Teamwork:

Social Responsibility:

Acting with the highest ethical standards is core to
who we are. We have built this reputation by developing
relationships based on trust and transparency; providing
outstanding products and solutions that meet or exceed
our customers’ expectations; reliably partnering with
suppliers; providing growth opportunities for colleagues;delivering outstanding returns for shareholders; andsupporting our communities through charitable donationsand volunteerism.

We believe that diversity and inclusion are critical for ourcontinued growth and success and that the best ideas
come from diverse groups of people working together. We
continuously strive to create a more diverse and inclusive
workplace. Our approach to diversity and inclusion spansthe entire employment lifecycle, which includes talentacquisition, learning and development, and retention andengagement. This approach is further detailed in the Our
People section.

Our success is born from our collaborative spirit.
Together, our teams deliver market-leading products
through collaboration and sharing of best practices andideas. Our high-performance teams provide a competitiveedge that allows us to succeed in the markets we serve.

As a global organization, we recognize the positive
impact we can make on society. We focus on ensuringthat our businesses operate responsibly to minimize
their environmental impact. We provide solutions that
support our customers’ sustainability initiatives byreducing emissions, energy use, and waste. We partnerwith our suppliers and work to ensure they are operating
responsibly. Also, through the AMETEK Foundation,
we support charitable organizations that serve thecommunities where we operate. These efforts are further
highlighted in the Our People section.



Respect for the Individual:
At AMETEK, we understand that our colleagues are
our greatest asset and focus on treating all employeeswith respect, which includes providing a safe work
environment, creating a culture where employees feel
comfortable sharing their ideas and perspectives,and offering advancement and development opportunities.
We are constantly looking for ways to further enhance
our employees’ experience and offer opportunities
for employees to share their ideas for how to implement
meaningful change within the company.

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CORE VALUESAMETEK’s sustainability
efforts are underpinned
by a well-defined set ofcore values.

COVID-19 Response
The COVID-19 pandemic continues totest all our colleagues – both personallyand professionally. At the onset of thepandemic, we took immediate actions to
support the safety and well-being of ouremployees. We implemented ourpandemic response plan, which provides
a framework for our businesses to follow
in managing their local facilities. Each
AMETEK location established a sitespecific response plan consistent withlocal health and safety guidelines. We
continue to adapt the pandemic response
plan and safety measures at each facility
as the pandemic evolves.

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AMETEK Advanced Motion Solutions (AMS), atemperature measurement solutions, AMETEK

global leader in precision motion control, isLand developed the VIRALERT 3, a non-providing important solutions to a broad range ofcontact temperature measurement solution usedcustomers helping in the fight against the virus.

to rapidly detect elevated skin temperature.

Providers of ventilators, oxygen concentrators,

The VIRALERT 3, an easy-to-use and highly

and laboratory diagnostic equipment are relying

accurate temperature solution, is being used at

on AMS’s solutions to provide the criticalentry points of offices, warehouses, hospitals,

technology necessary to help these businesses

schools, and recreational facilities to checkfight COVID-19.

for fever – a potential sign of the virus. Given the
product’s ability to complete accurate temperaturescreenings at scale, the VIRALERT 3 is playing
a role in reopening key facilities around the world.

These measures were
established to keep ourteams as safe as possible
while delivering essential
products and solutions
to our customers – manyof whom are delivering
critical solutions for thefight against the pandemic.

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As a leading manufacturer of non-contact

AMETEK Gatan is a leading manufacturer of
instrumentation and software used to enhance andextend the operation and performance of electron
microscopes. In early 2020, Gatan’s technology
enabled scientists to create the first structural imageof the COVID-19 coronavirus, providing criticalinformation that helped lead to the developmentof vaccines and treatments.

O U R

C O R ECOVID-19 Response
Given global travel restrictions, our businesses quickly
worked to implement new and innovative ways to engage
with customers around the world. We adapted our businesspractices through the use of technology. Our businesses
adapted to the new landscape through virtual trade shows,augmented reality product demonstrations and service
support, and enhanced digital marketing initiatives.

We also expanded our internal communications given the shift to a remote work
environment as a result of the pandemic. One new tool we introduced was the AMETEKInsight Podcast, a new internal communications channel. This podcast, hosted by
our Chairman and Chief Executive Officer, touches on various topics and issues affecting
the company.
We also recognized the need to address some of the unique challenges brought onby the pandemic that impacted the communities where we operate. To this end,
the AMETEK Foundation made contributions to various charitable organizations aroundthe globe, providing food and essentials to those affected by the virus. These efforts
are further described in the Our People section of this report.

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Governance
At AMETEK, we hold ourselves to the highest standards when it comes to governanceand ethics. Our unwavering commitment to doing what is right for all our stakeholders
guides us in every decision. Through each level of our organization, we employ policies
to govern our actions and foster an atmosphere for ethical decision-making.
Over the last 90 years, AMETEK has developed a global reputation for trust and integrity.
We are determined to enhance that reputation as we continue to deliver long-term,
sustainable growth. To do so, we have instituted various policies, including our Code of
Ethics and Business Conduct.

The Forum of Executive Women: AMETEK has been named
a Champion of Board Diversity by The Forum of Executive
Women for seven consecutive years. Founded in 1977, The
Forum of Executive Women is a membership organization of
more than 500 women of significant influence across theGreater Philadelphia region.

Board Structure
AMETEK’s Board of Directors and its Committees play an integral role in the company’s sustainability by providing
oversight of governance, risk management, and strategy development. With a diverse set of backgrounds and expertise,each member is highly qualified and a leader in their respective field.
The Board is currently comprised of eight directors including three women. Seven of our eight Board members are independent directors as defined by the NYSE.
The Board’s Audit, Compensation, and Corporate Governance/Nominating Committees each consist entirely of independent directors. Director nominations are made50/50 Women on Boards: 50/50 Women on Boards™ named
AMETEK a “3+” company for having three or more women on
its Board of Directors. 50/50 Women on Boards is the leading
global education and advocacy campaign driving the movement
toward diverse, gender-balanced corporate boards.

by the Corporate Governance/Nominating Committee.

12%

62.5%

37.5%

88%

25%

25%
50%

 Male |  Female

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 < 5yrs. |  5-10 yrs. |  10+ yrs.

We are proud to beconsistently recognizedfor our diverse Boardof Directors.

Women’s Forum of New York: AMETEK was recognized by
the Women’s Forum of New York for the gender diversity of
its Board of Directors. The Women’s Forum of New York is thepremier organization of women leaders representing the highest
levels of achievement across all professional sectors andspheres of influence and is committed to honoring those whoare accelerating change.

Board Structure

Our corporate governance highlights:

AMETEK’s Corporate Governance Guidelines outline
the various policies and procedures that ensure the»

All directors are independent other than our Chairman
and CEO.

»

We have a lead independent director to chair meetingsof the independent directors and act as a liaison
between the independent directors and our Chairman
and CEO.

highest level of governance for our Board of Directors.
The Corporate Governance/Nominating Committee
oversees the process for the annual evaluation of the full
Board and each of the Board’s Committees. The
evaluation process takes into account the feedback from»the directors on relevant topics. The Corporate

The Board holds regular executive sessions of its
independent directors.

Governance/Nominating Committee reviews the results»of the annual evaluations with the Board for further
review and discussion.

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A majority vote is required for the election of directors
in uncontested elections.
Proxy access is permitted for a shareholder or agroup of up to 20 shareholders owning at least 3% of
our common stock for at least three years to submit
director nominees.
All members of our Audit Committee are consideredfinancial experts.
We have robust stock ownership guidelines for our
Board and senior management.

compliance. To this end, a robust set of internal policies and procedures have been implemented and are available
to all of AMETEK’s colleagues to help monitor and manage compliance across the company.
AMETEK’s Audit Committee has primary responsibility for overseeing risk management, while our entire Board andeach of its Committees play an active role in risk management activities.
Internally, AMETEK employs an Enterprise Risk Management (ERM) Committee made up of functional experts
and senior business leaders. This Committee is focused on anticipating, identifying, prioritizing, managing
and mitigating various risks facing the company. Enterprise risk includes any significant event or circumstancethat could impact the achievement of our business objectives including strategic, operational, human capital,
reporting, compliance, environmental, and reputational risks.
The primary responsibility of the ERM Committee is to ensure that sound policies, procedures and practices
are in place for the enterprise-wide management of the company’s material risks. As a result, the ERM Committee
plays a critical role in helping drive AMETEK’s success and sustainability.
Today, AMETEK’s risk management focus areas include, but are not limited to, the following:
Business Continuity Planning
Country Concentration Risk»

Cybersecurity»

Environmental and Climate-Related Risk»

Geopolitical Risk»

Global Sourcing and Supply Chain Risk»

Pandemics

Additional details on the Board, its Committees, and»Product and Technology Risk

their functions can be found in our 2021 Annual Proxy»

Response to Natural Disasters

Executive compensation is benchmarked annually
by a third party and is designed in a manner to notpromote excessive risk-taking.
The Board undertakes an annual self-evaluation process.

Statement. Committee charters can also be found atinvestors.ametek.com.

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Additionally, these leadership groups are responsible for ensuring proper legal, regulatory, and environmental

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Assessing and mitigating risk is a key responsibility of AMETEK’s executive
leadership team and the Board of Directors.

»»

The roles and responsibilitiesof our Board and its
Committees are crucial to
AMETEK’s success.

We have independent, experienced committee
chairpersons.

Compliance and Risk Management

AMETEK’s ERM Committee
meets each quarter and is
responsible for reporting theresults of their activities to
the Audit Committee quarterly
and the broader Board of
Directors annually.

Environmental and Climate-Related Governance and Risk Management
AMETEK’s governance and risk management structure provides oversight of environmental andclimate-related risks and opportunities. Our decentralized businesses share our overarching commitment to
reduce their environmental impact and make a better tomorrow.

From the way we manufacture and deliver our products to how we interact with our customers and suppliers, our teams are expected to meetor surpass applicable environmental, health and safety laws and regulations. Simultaneously, we strive to continuously improve the efficiency of
our operations by minimizing the use of hazardous materials and reducing harmful emissions and waste.
Together, AMETEK’s Board of Directors and senior management work to plan for, address, and mitigate environmental and climate-relatedrisks to our business. Environmental, social and governance (ESG) oversight, including climate-related initiatives, are managed internallyat AMETEK by a cross-functional committee including representatives from our Legal, Environmental Health and Safety, Human Resources, andInvestor Relations functions. This committee meets regularly with our Chairman and Chief Executive Officer and Chief Administrative Officer
to review progress on our ESG initiatives.
We work closely with our businesses to gather and report on relevant environmental data including scope 1 and scope 2 emissions, energy
consumption and waste, and water usage. This committee also works with our business teams to identify and implement programs tohelp reduce our carbon footprint. Lastly, this committee is responsible for reporting our progress on key ESG initiatives to our employees,
shareholders, and third-party rating firms.
AMETEK’s Governance/Nominating Committee has primary responsibility for overseeing environmental and climate-related risks forthe company, and reports regularly to the full Board of Directors. For additional detail on AMETEK’s approach to climate-related
governance and risk management, see AMETEK TCFD Disclosure starting on page 37.

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Political Advocacy, Corruption and Bribery

Training and Annual Certifications

As part of AMETEK’s commitment to its core value of Ethics and Integrity,
the company has adopted strict policies and procedures.

AMETEK employees, including its senior management team, are required toundertake specific training related to various risks associated with the business.
All employees who interact with vendors or customers, or who have access tofinancial records, are required to annually certify their training and compliancewith key AMETEK policies including the code of conduct, conflict of interest,
and anti-corruption.

As reflected in our Code of Conduct Policy, AMETEK does not allow the use of corporate funds for the purposeof political advocacy, including campaign contributions.
Additionally, we have outlined guidelines in our Code of Conduct Policy that prohibit the acceptance of kickbacks
or bribes. AMETEK colleagues agree to never solicit or accept anything of value in return for taking improper
action in the performance of their duties. Further, the company has adopted a separate Code of Ethical Conduct

Additionally, we employ mandatory cybersecurity training for all of AMETEK’s employees with email access. Thisfor its Chief Executive and Senior Financial Officers to hold its leadership to even higher levels of ethicaltraining includes critical information on how employees can protect themselves against email scams and help minimize

standards, given their significant roles and financial responsibilities.

cybersecurity risks. All the employees of the businesses we acquire undergo the same cybersecurity training
following acquisition. AMETEK financial professionals receive additional training on business email compromise, given
their access to key banking and financial information.
Our annual anti-corruption training includes detailed information on the Foreign Corrupt Practices Act, the UK
Anti-Bribery Act, and the UK Criminal Finance Act. This training is delivered through webinars led by our International

AMETEK Hotline

Trade and Sanctions Counsel. All training is translated into 12 languages, recorded, and made accessible to
AMETEK employees, so they can review the material as needed. We also provide an anti-corruption primer for new
employees and an anti-corruption training for acquisitions to ensure they understand AMETEK’s business practices andcode of conduct.

As part of our commitment to doing the right thing for all stakeholders and fostering an environment of ethicalbehavior, the company promotes open communication between AMETEK colleagues, their managers, and senior
management. We encourage employees to report any concerns regarding conduct, policy violations, financial
matters, safety issues, or other topics directly to their managers, Human Resources, or anonymously through the
AMETEK Hotline. The AMETEK Hotline channels are communicated to every employee through the Code of
Conduct and are posted in each of the company’s global locations.

Toll-free from the U.S.: ( 800 ) 461-9330*

or www.ametekhotline.com*For specific country phone numbers outside the U.S., please visit the above website.

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Our Strategy
Our Strategy, embodied in the AMETEK Growth Model, has proven successful, leading to strong,sustained growth and increased value for all of AMETEK’s stakeholders.

The AMETEK Growth Model integrates the four growth strategies ofOperational Excellence, New Product Development, Global and Market
Expansion, and Strategic Acquisitions with a focus on cash flow
generation and disciplined capital deployment. Attracting, retaining, anddeveloping talent is critical to this model, as our employees are responsible
for successfully driving these strategies.

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products to serve our customers in multiple geographic locations. We also have sales and service centers of

The AMETEK Growth Model is designed so that each strategic
element reinforces the others to create greater impact and drive
long-term sustainable growth.

excellence worldwide that allow our businesses to showcase their latest technologies. These centers serve as
hubs to reach new customers and provide quicker access for the servicing of our products.
AMETEK’s sourcing capabilities are a core competency that add significant value to our businesses. Our global
supply chain allows us to remain flexible and adapt to changing economic conditions, strengthening our ability todevelop and deliver innovative solutions. This advantage is proving invaluable as the pandemic is causing

This can be seen through our asset-light business model and strong operational execution, which allow our businesses

disruptions in the global supply chain. During this challenging time, AMETEK is effectively navigating sourcing

to generate tremendous cash flow. This cash flow supports the company’s capital deployment strategy focused on

obstacles and delivering on commitments.

value-enhancing acquisitions, which ultimately drives sustainable, compounding growth and strong shareholder returns.
Strong, sustainable cash flows also allow us to continue to reinvest back into our businesses through New Product

The AMETEK Growth Model is led by our Executive Office, which consists of seven executives with an average

Development and Global and Market Expansion strategies.

of 27 years of experience with the company. AMETEK relies on seasoned operating executives to manage andgrow our niche, distributed businesses. These leaders and their teams provide strong domain expertise managing

As a global corporation, it is imperative that we provide our customers with support around the world. With operational

global businesses. AMETEK has a robust leadership development process to help ensure we are developing our

campuses in Mexico, China, Serbia, the Czech Republic, and Malaysia, we efficiently manufacture our highly differentiatedfuture leaders to drive our growth.

$1,100$1,000TOTAL RETURN TO SHAREHOLDERS$1,047

$900
$800
$700
$600
$500
$400

$563

AMETEK’s robust leadership development$461

process focuses on developing futurebusiness leaders by offering development
opportunities and nurturing our employees$300

for leadership roles within the organization.

$200
$100
$0

One key example of this is AMETEK’s Business
Unit Manager Development Program, a multi-year
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training and development plan to develop future
leaders to take on business unit manager roles.
This program includes structured training as wellas hands-on participation in key aspects of the

The chart compares the performance of $100 invested in AMETEK, Inc., against the S&P 500 and S&P Industrials on 06/30/2006, including reinvestment of dividends.
The 15-year compound annual growth rate for AMETEK’s total return to shareholders is 17%.

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AMETEK Growth Model.

Enabling Growth Through Kaizens
Kaizen, derived from the Japanese words “kai” and “zen” meaning“continuous improvement,” is a key internal process that helps drive AMETEK’s
sustainable growth and which helps support our sustainability initiatives.
Our businesses continuously conduct operational and growth Kaizen events
to streamline current workflows, improve operational processes, and drivestronger levels of growth.

STRATEGIC ASSESSMENT

The cross-functional team identifies where
the business stands, assessing its strengths,
weaknesses, opportunities, and threats.

The team outlines improvement objectives,
key deliverables, participants, and timelines.

STRETCH TARGET

The team uncovers what the business wants
to achieve. These targets are significant improvement
drivers that require differing views.

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SUSTAINMENT

The group implements the action plan, checks on the
progress of growth initiatives, and identifies ways
to sustain the work needed to accomplish the goals.

KAIZEN EVENT

DEFINITION OF CHARTER

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Through Growth Kaizens, we aim to identify opportunities
to accelerate growth through our new product development
and global and market expansion strategies. This continuous
improvement practice makes AMETEK a more sustainable
company as we push our businesses to resist stagnation andcomplacency. Growth Kaizen focus areas include new productdevelopment, distribution channels, and global expansion
into new markets.

S T R AT E G YThis collaborative experience brings the team together
for an intensive, multi-day working session to generateand start executing on a plan to achieve establishedstretch targets.

PRE-WORK

Prior to the Kaizen, each team member works
through their assigned research and due diligence.
This step is key to ensuring the event is a success.

$1,850$2,098The AMETEK Growth Model is backed by our foundational belief in theimportance of protecting the environment through how we operate
our facilities, the products we provide our customers, and the support
we provide to our local communities.

~~$4,540

Sustainability and Climate Strategy$73

Sustainability is an integral aspect of the core values that guide the way we do business.
Underlying AMETEK’s core values is an ongoing commitment to serve as environmental stewards and protect
the environment for future generations. This is also reflected in AMETEK’s approach to corporate governance09

and oversight of compliance and risk management.

10

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20

09

10

Net Sales

Additionally, because of AMETEK’s distributed operating structure, business leaders are responsible for

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( in millions )* YTD through 10/20/21

of AMETEK’s environmental targets. This structure allows each business to drive initiatives that support theirmost important business strategies. Each business has formed an Environmental Health and Safety teamand waste, as well as electrical and water usage, while improving overall operational efficiency. Each businessregularly tracks and measures the progress of these initiatives, which are reported to leadership.

$1,207$1,324

to provide oversight and ongoing support for the business’s efforts, which are centered around reducing energy

Across AMETEK, our businesses are also committed to developing innovative products and solutions to help
reduce carbon emissions, increase the use and adoption of renewable energy, and address the impacts ofclimate change. We have ongoing discussions about the environmental impact of our businesses and areas forIn this report, we provide disclosures aligned with the SASB and TCFD frameworks, which are provided on
pages 35 and 37 respectively, to better communicate ESG performance. We also are establishing a greenhousegas (GHG) emission reduction goal to reduce our combined scope 1 and 2 emissions by 40%, normalized tosales, by 2035, from a 2019 baseline.

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09

$332

sustainable and safe.

$428

improvement. Our leadership team is committed to ensuring environmental considerations are a criticalcomponent of interactions with our businesses and suppliers and that our manufacturing processes are

21*

Capital Deployed on Acquisitions( in millions )measuring, managing, and working to reduce the environmental impact of their operations in support

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EBITDAFree Cash Flow

( in millions )( in millions )

17

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Our People
At AMETEK, we are committed to the health, safety, andwell-being of our employees. Built on our strong foundation of
ethical business practices, this commitment extends to
all AMETEK colleagues around the world, their families, andthose in the communities where we live and work. At AMETEK,
we recognize that our employees are the driving force behind
our sustainable future.

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Diversity and Inclusion

Human Rights Policies

We understand the importance of developing a diverse and inclusive culture where everyone feels comfortable sharing their thoughts,
ideas, and perspectives. Diverse and inclusive behavior drives innovation, growth, and greater opportunities for all employees.

Along with creating a diverse and inclusive culture, AMETEK
is committed to upholding fundamental human rights. Our
Human Rights Policy is guided by the belief that all people
around the world should be treated with dignity, fairness
and respect. To that end, these expectations are reflectedin the AMETEK Code of Ethics and Business Conduct.

While we are encouraged by our progress, we continue to look for opportunities to improve diversity and inclusion across our company.
Our hiring practices are geared toward identifying the most diverse set of candidates for open positions. Our training and development
programs are focused on providing meaningful opportunities for personal and professional development. Our Business Councils seek
to foster conversation and strengthen representation at all levels of the organization. And our charitable arm, the AMETEK Foundation,
provides wide-ranging support to non-profit and educational organizations focused on increasing the representation of women andminorities in STEM-related fields.

(as of 06/30/21)
35%

AMETEK Management Diversity* %(as of 06/30/21)

34%

AMETEK Diversity*30%

 Non-diverse |  Diverse

17

Nearly 50% of all new hires from2017 through 2020 were diverse.

* Diverse is defined as female employees worldwide plus U.S.
male diverse employees. Female employees are 31% of total
AMETEK employees.

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Human Trafficking and Child LaborAMETEK is committed to ensuring our operations and supply
chain are free of slavery and human trafficking. As statedin our Salient Human Rights issues statement, suppliers
agree that their products and services comply with allapplicable laws. Additionally, suppliers are required to certifythat all materials incorporated into their products are sourced,
processed and manufactured in compliance with humantrafficking and slavery laws in the countries in which they
operate. AMETEK is opposed to child labor and is committed
to complying with all applicable laws.

Anti-Discrimination

27%

41%
25%

59%

Two of the key areas that guide our Human Rights Policy
include:20

21

Over 70% of all new entrants into
AMETEK’s Management Incentive
Plan from 2017 through 2020
were diverse.
* Diverse Management includes female employees worldwide
plus U.S. male diverse employees who are part of AMETEK’s
Management Incentive Plan

AMETEK’s Human Rights Policy strives to assure equal
employment and advancement opportunities for all qualified
people. We maintain appropriate standards of conduct inthe workplace and are sensitive to the concerns of our diverse
group of colleagues. Employment discrimination based on
gender, race, disability, national origin, religion, age or sexual
orientation is prohibited. We recognize that even where antidiscrimination laws exist, the gender wage gap andunderrepresentation of women and minority groups in theworkforce have proven to be persistent social problems.
We communicate AMETEK’s approach to diversity, inclusion,and other workplace-related human rights through training
and the activities of our business councils.

AMETEK has designed programs to develop and prepare our employees for
future leadership roles, which include:

Human Capital Management
AMETEK recognizes that our people are critical to the sustainablegrowth of our company. We are focused on continuing to attract, retainand develop world-class talent by offering competitive compensation
packages, strong growth and development opportunities, and highly
competitive non-compensation benefits.

AMETEK University
This program allows business managers andemployees nominated by their leadershipteams to learn about AMETEK’s history, culture, Growth
Model, and operating methods, all in a dynamic
environment that encourages collaborative learning.

AMETEK provides benefits to help create a culture of health and well-being for our employees. These benefits
include, but are not limited to, retirement plans, group insurance benefits and life insurance. These benefits

Leadership Development Programand Third-Party Assessments
AMETEK partners with one of the world’s preeminent
leadership development organizations to provide our future
leaders with a week-long immersive leadership training
experience. AMETEK also utilizes third-party leadershipassessment tools to provide managers with valuable insights
to help develop future leaders.

also include a company-funded employee assistance program (EAP) for all global employees, which provides
free expert mental health support for employees, and an integrated wellness program available in the U.S.
This wellness program focuses on the mental, financial and physical health of employees and their families
through assessments and programs.
Additionally, key AMETEK managers participate in our Management Incentive Plan. The plan includes ashort-term component that provides an opportunity to receive an annual cash award based on performanceagainst company and individual goals; an element of this program is performance against diversity hiring
goals. There is also a long-term component that provides an opportunity to receive AMETEK equity awards.
The program is designed to align individual goals of the management team with that of the company andits shareholders.

Financial Management Program (FMP)

Engineering Development Program (EDP)

This program offers recent finance and accounting graduatesa three-year, immersive experience in which they develop
leadership skills through rotational field assignments, classroom
training, and networking events. Successful completionof the FMP prepares them for future leadership roles within
AMETEK’s finance organization.

AMETEK annually recruits graduates from various
disciplines including electrical, mechanical,
material science, and aerospace engineering. Participantsrotate to different AMETEK businesses each year toreceive broad, varied experiences.

Apprenticeship and Internship Programs

Tuition Reimbursement

AMETEK offers college-aged students and young
professionals the opportunity to participate inpaid apprenticeship and/or internship programs to gain
hands-on experience and learn more about the company’s
culture and operations.

AMETEK offers tuition reimbursement up to a specified value
per semester for employees pursuing an advanced degree
or certification that will enhance their performance in their role atthe organization. Employees’ reimbursement is directly
correlated to performance in the designated classes orcertification programs.

To support the development of these future leaders, we have a robust leadership development program. We
have also designed programs to develop and prepare our employees for future leadership roles. These
programs include an internet-based training tool, leadership development programs and AMETEK University.

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We are very pleased with our results and improvements,
both overall and as benchmarked against industry
standards. Our safety focus enables a sustainable

Health and Safety

workforce for today and the future.

AMETEK’s EHS Policy Statement

AMETEK’s Environmental Health and Safety (EHS)»

Meet or surpass the requirements of
EHS laws and regulations wherever we
do business around the world.

»

Educate, empower, and expect all ourcolleagues to behave in ways that protect
the environment and make health andsafety a priority.

»

Continuously strive to improve theefficiency of our operations to minimize
both the use of materials and thegeneration of waste.

»

Operate our facilities in a responsible
and cooperative fashion in the communities
where they reside.

»

Continuously improve our EHS systems.

function is responsible for the programs, policies, and

AMETEK takes the health and safetyof our employees very seriously.
Our ultimate goal is zero accidents
in the workplace. Every memberof our leadership team is responsible
for enforcing health and safety
standards.

procedures that help protect both our colleagues
and the people in the communities we serve. The EHS
team is comprised of leaders within our corporate
office and facility managers at each of our operatingsites. Key EHS focus areas are tracked, monitored
and reported to management monthly. Additionally, we
conduct regular facility audits to ensure compliance andto identify additional opportunities for safety improvements and environmental process improvements.
Due to COVID-19 travel restrictions, we used various
tools including virtual EHS assessments, hybrid audits,
and when possible, on-site assessments to ensure

Lost Workday Incident Ratethe safety and well-being of our colleagues and a high( per 100 workers, per year )1.08

level of compliance. As a result, there were no significant

0.90

Industry Average

incidents in 2020.

Supplier Code of Conduct

Our sites have remained operational during the

AMETEK has a Supplier Code of Conduct for our

pandemic with the highest safeguards in place. For
example, our facility in Subotica, Serbia was recognized
for its safety efforts by the Directorate for Safety and
Health and was the first company in Subotica that or-

supplier partners that specifies the behaviors, practices,and regulations AMETEK expects from all suppliers,
with a focus on ethics, corporate responsibility, andcompliance with applicable laws and regulations.

ganized a COVID-19 vaccination program for employees.

AMETEK has processes in place to ensure suppliers

Along with these impressive performance metrics, atthese criteria.

are constantly monitored and evaluated against

a higher-level, AMETEK’s EHS Policy Statement guides
all our work.

0.20

AMETEK

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sites experienced zero lost time incidents in 2020.

In the past five years, the AMETEK Foundation has
supported approximately 220 organizations including
the United Way, Black Girls Code, the Juvenile Diabetes
Research Foundation, and Science Explorers, providing
our employees with the opportunity to support theFoundation, Inc.

organizations that matter most to them. The AMETEKCOVID-19 and the
AMETEK Foundation

Foundation also partners with many colleges anduniversities to provide scholarships and grants to help
support diverse engineering students.

Social Responsibility is one of AMETEK’s

We also recently launched our #AMETEKCares

core values. The AMETEK Foundation, AMETEK’s

campaign to be better stewards in our communities

charitable giving arm, has been serving

through volunteering efforts. As a result, AMETEK’s

communities supported by our employees forbusinesses and corporate offices have volunteered

the last 60 years and empowering employees

to make their communities better places to live andto make a positive impact in their local

work. For example, prior to COVID-19, our corporate

communities through their volunteerism, talent,

office in Berwyn, Pennsylvania, held an in-person

and financial contributions.

#AMETEKCares event at Cradles to Crayons
Philadelphia, which provides everyday essentials to

Through the AMETEK Foundation and our colleagues’

the more than 70,000 children living in poverty in theworldwide volunteer efforts, we support local, national,

region. Our volunteers also donated additional clothes,and global organizations in the areas where we dodiapers and toys to help during the holiday season.

business. Specifically, we support programs focusedon health and welfare; civil and social service; arts andculture; and education, with an emphasis on reading
and writing as well as science, technology, engineering,and math (STEM) for underserved students.

60 years ofcaring

The AMETEK Foundation
also supported various worldwide
non-profit organizations thatprovide direct COVID-19 relief inthe communities they serve.
The organizations supported through these efforts include,
but are not limited to:

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Indian Red Cross Society (IRCS): In response to the
COVID-19 crisis, IRCS is providing food, essentials, and
PPE in Bangalore, India, where AMETEK has a significant
operating presence.

supports 55 food banks across Mexico. The AMETEKFoundation is contributing to the BAMX food bank based in
Reynosa, Mexico, where the company has a significant
operating presence.

COVID-19 Fund, led by the Philadelphia Foundation and theUnited Way, to provide funding to non-profit organizations
serving at-risk populations including seniors, people withdisabilities, and those experiencing homelessness who weredisproportionately impacted by the pandemic.

Cradles to Crayons Philadelphia: Partnering withRed Cross of Serbia: In the city of Subotica, where

social service providers across the Philadelphia region,
Cradles to Crayons provides everyday essential items tochildren living in poverty and suffering from homelessness.
Through its recently established Emergency Essentials
Fund, the organization is providing diapers, hygiene items
and activity packs for children affected by the COVID-19
pandemic.

AMETEK has a manufacturing facility, the Red Cross of
Serbia operates a public kitchen, providing meals to thosein need. The kitchen is one of the largest of its kind in
Serbia, serving hundreds of families, with increased efforts
due to the pandemic.

Relief provides personal protective equipment (PPE) andessential medical items to healthcare workers in the U.S. andaround the world. Direct Relief’s mission is to improve thehealth and lives of people affected by poverty or emergencies,
without regardto politics, religion, or ability to pay.

2 0 2 1in the U.S., Feeding America serves a network of 200 foodbanks and 60,000 food pantries and meal programs acrossthe country.

PHL COVID-19 Fund: AMETEK supported the PHL
Bancos de Alimentos de Mexico (BAMX): BAMX

Direct Relief: As a humanitarian aid organization, Direct

2 3

Feeding America: As the largest hunger-relief organization

Vision to Learn: AMETEK provided surplus masks, gloves
and hand sanitizer to Vision to Learn, a long-time partner of the
AMETEK Foundation. These critical supplies allowed theorganization to continue its operations with the Philadelphia
Eagles Eye Mobile to provide free eye exams and prescription
glasses to children in need throughout the Philadelphia
region near AMETEK’s headquarters.

Sustainability Initiatives

AMETEK’s Environmental Data

AMETEK is continuously focused on reducing our environmental footprint andhelping create a sustainable future. In the past several years, we have
implemented a variety of initiatives to help our businesses reduce their scope 1
and scope 2 greenhouse gas (GHG) emissions. We have also taken steps toreduce our use of energy and water, as well as our waste output.

Topic

2019 Data / Response

2020 Data / Response

Total Scope 1 GHG Emissions*

31.4k

24.3k

Total Scope 2 GHG Emissions

95.0k

85.7k

126.4k

110.0k

380.0m331.6mFrom Renewable Sources

23.0m

20.6m

From Non-Renewable Sources

357.0m311.0m240.0m215.0m100%

100%

172.8m168.4m

601.7k

285.0kEmissions (Metric Tons CO2 e)

Even during the pandemic, our facilities continued to focus on operational efficiency and reduced our energy and wateruse. Our total energy usage in 2020 was 331.6 million kilowatt hours (kWh) and combined scope 1 and 2 emissions were110,000 metric tons (Mt). Through various source reduction efforts, we reduced our energy consumption by 48 million
kWh, a 13% reduction versus 2019 levels, and our absolute, combined scope 1 and 2 GHG emissions by approximately
16,400 Mt, a 13% reduction versus 2019 levels.

Total Scope 1 and 2 GHG Emissions

Energy (Kilowatt Hours )Total Energy Usage

Additionally, our manufacturing processes do not utilize large volumes of water, so we continued to see reductionsin this area. In 2020, we consumed approximately 168.4 million gallons of water, a reduction of 4.4 million gallons from2019 levels.
In 2020, we also initiated a data collection process to track the volume of hazardous waste, recycled hazardous waste,
and total recyclables such as plastic, paper and cardboard generated by our manufacturing sites. We continuously
strive to reduce waste volume and improve our recycling efforts through our various Operational Excellence initiatives.

Total Electrical Usage
Percent from the Grid

We also ensure our wastes are properly handled and disposed of through our corporate governance process.

Water (Gallons)

Along with monitoring our overarching environmental impact, we are setting ESG goals in 2021 to drive action on our

Total Water Usage

ESG initiatives. We have established a goal to reduce our combined scope 1 and scope 2 greenhouse gas emissions by

Fleet (Gallons)

40%, normalized to sales, by 2035, from a 2019 baseline.

Total Fleet Fuel Consumption* Consumption from fuel used at our facilities and by our fleet.

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Hazardous Waste (Mt)

Recycled Hazardous Waste (Mt)

Total Recycled Materials (Mt)

1,103.7

121.8

3,490.2

To highlight the importance and impact of our sustainability efforts, AMETEK
created the Elizabeth R. Varet Sustainability Award. This award helps
bring visibility to the company’s best environmental sustainability projects
and promote healthy competition in driving sustainability improvements.

The award was named after Elizabeth R. Varet, who retired from AMETEK’s Board of Directors in 2021 following
34 years of service. Ms. Varet was a key influence on the core values that guide our efforts in the areas of						

social responsibility, corporate philanthropy, stewardship, and governance, so thisaward is a very fitting tribute to her legacy.

			Projects eligible for the award must achieve improvements in one or more				of the following areas: energy efficiency, carbon emission reduction, waste				

management improvements, scrap reduction, and waste reuse or				recycling. Projects are evaluated on significant and measurable				

improvements regarding environmental impact, such as pollution

				

prevented, implementation of renewable energy sources, or a				

reduction in energy, waste, or water.

In the award’s inaugural year, we had two winners.

The second winner was AMETEK’s Programmable

The first was Micro-Poise, a business unit inPower business based in San Diego, CA.

Streetsboro, OH. Their cross-functional team

Programmable Power worked closely with theirimplemented a 4R sustainability initiative using thebuilding owner to install a 973-panel photovoltaic

Reduce, Reuse, Recycle and Recover model.

system on the facility’s rooftop. The renewable

Its focus was to measure and make immediate

system, which came online in January of 2020,

improvements in energy conservation and waste

provides a portion of the facilities energy supply,

reduction. The team implemented a number ofresulting in lower energy costs and emissions.

projects such as LED lighting replacement, highefficiency HVAC system installations, and improved
building insulation to reduce their total energy usage
and carbon emissions.

Elizabeth R. Varet

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Our Solutions
For more than 90 years, AMETEK has invested in innovativetechnologies to solve our customers’ most complex challenges.
Through our research, development and engineering efforts—
along with strategic acquisitions — our portfolio of differentiatedproducts and solutions has grown significantly. Many of theseproducts and solutions are creating a more sustainable future bysupporting environmentally focused applications across a diverse
set of markets.
From solutions aimed at improving health care outcomes toelectric vehicle testing instrumentation and embedded computing
systems used in renewable energy production, AMETEK
partners with customers to develop sustainable solutions withspecialized technology. In this section, we highlight some of
AMETEK’s products that help in the effort to improve the qualityof life and the environment.

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Improving Patient Outcomes
Rauland’s Responder® solutions allow hospitals and other
health care facilities to create and optimize their workflows andcritical communications. These connected solutions support
improved efficiency and higher levels of safety and satisfaction
for patients and staff, which has become increasingly importantdue to the influx of hospital patients throughout the pandemic.
The Responder series helps nurses and hospital staff monitor
patient behavior and automates the regular check-in
process with patients. This process, coupled with Rauland’scommunication technology, promotes fall prevention because
the ease of the system makes patients more apt to contact
their caretakers rather than trying to move on their own.
Additionally, Rauland’s bedside applications are connected tothe hospital’s nurse call system, so staff know when a patientis trying to leave their bed and can directly and immediately
communicate with the patient while care providers are on
their way.

Responder from Rauland

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S O L U T I O N SEnabling Wind Farm PowerThe decarbonization of power generation is a critical issue
facing society. Offshore wind is quickly becoming a morecost-viable renewable energy source, thanks largely to highvoltage direct-current (HVDC) transmission systems. Thesesystems provide a long-term solution for power transmission
by connecting power grids across long distances. For
example, many large offshore wind farms transmit power toland via HVDC transmission systems, where the power isthen converted back to AC power, ultimately supplying
electric grids.
However, the technology that powers HVDC systems requires
precise, real-time data control to safely regulate and transfer
energy with minimal losses. To achieve its renewable energy
goals, one of the world’s largest wind farms, located off thecoast of the U.K., is using an embedded computing solution
from Abaco Systems as part of its HVDC solution. This
embedded computing card plays a critical role in thetransmission process as it helps provide real-time controlof the farm’s wind power. Through this wind farm, Abaco
will help fully power more than one million homes for decades
to come.

Embedded computing card from Abaco Systems

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Ensuring Electric Vehicle Safety
Over the last several years, global demand for electric vehicles (EVs) has grown significantly as eco-conscious consumers
want to power their vehicles through renewable energy. EVs employ cutting-edge electrical and electronic technologies
to manage every aspect of performance and safety. However, these systems can both generate and become susceptible toelectrical disturbances, causing operating issues. For instance, EV manufacturers utilize high-voltage systems to power the
car’s drivetrain and other internal processes, like safety, comfort, and convenience features. This power system can generatesignificant electrical interference during the vehicle’s activity, like accelerating, braking, or cruising.
To prevent these interferences and ensure the safety of passengers, manufacturers utilize AMETEK Compliance Test Solutions(CTS) instrumentation to generate electrical disturbances in order to test for weaknesses in voltage components and systems.
AMETEK CTS has launched two new products to perform these internationally mandated tests - PowerWave and RippleNX,
which enable manufacturers to ensure proper performance in EV’s before they go to market.
Looking ahead, with the emergence of self-driving cars, AMETEK CTS anticipates that enhanced safety standards will
require new test and measurement instrumentation to precisely generate and test electrical disturbances. AMETEK CTS is
poised to play an important role in helping manufacturers produce the safest experience possible for EV and self-driving
vehicle consumers.

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PowerWave from AMETEK’s
Compliance Test Solutions

Reducing Greenhouse Gas Emissions
Reducing emissions of greenhouse gases and other harmful
pollutants is a growing priority for power producers,hydrocarbon processing plants, and many other industries.
Operators want to improve the efficiency of these processes
to be more ecologically responsible while meeting heightened
environmental regulations focused on reducing emissions.
AMETEK Process Instruments provides gas analysis
solutions that allow end users to improve process efficiency,
measure and reduce pollutants, and enhance the manufacturingof high-purity products. The WDG-V combustion analyzer
measures oxygen, combustibles and methane to optimize
processes and reduce emissions to help customers achieve
their sustainability targets. In addition, the 9900 Gas Analyzer ispart of a suite of Continuous Emission Monitoring (CEM)
analyzers that provide real-time measurements to support
cleaner operations, reduced emissions, and regulatorycompliance.

WDG-V Combustion Analyzer
from AMETEKProcess Instruments

9900 Gas Analyzer fromAMETEK Process Instruments

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S O L U T I O N SEnabling Improved Aerospace
Fuel Efficiency
Recent environmental regulations and sustainability
commitments have pushed aircraft manufacturers to
implement standards that deliver more fuel efficiency andlower carbon emissions. One of the most important ways
to achieve this goal is through enhanced engine performance,
which, among other systems, has contributed to improved
fuel consumption of more than 70% since the inception of thejet engine.
AMETEK Sensors and Fluid Management Systems (SFMS)
has been a key innovator in this market by manufacturing avariety of engine and aircraft sensors that help the aircraft
industry pursue more optimal engine performance. The SFMS
Exhaust Gas Temperature (EGT) thermocouple is often
used as a basis for regulating engine performance and has alarge impact on fuel burned during operation.
SFMS designed the EGT thermocouple to adapt to theengine’s ever-increasing exhaust gas temperatures, which
can exceed 2,000°F. With superior functionality andaccuracy, the SFMS EGT thermocouple is a directcontributor to engine life extension and operational efficiency,
which saves fuel and reduces carbon emissions.

EGT thermocouple from AMETEK’s Sensors and Fluid
Management Systems

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Protecting Our Water Systems
To ensure the safety of our water systems, including theproper treatment of wastewater, it is vital to detect traceelements during the treatment process. AMETEK SPECTRO’s
SPECTROGREEN inductively coupled plasma opticalemission spectrometer (ICP-OES) is widely used to analyze
water and wastewater for harmful trace elements or
chemicals. SPECTROGREEN provides ultra-reliable, accurate
analyses of elements not only in water and wastewater,
but in soil as well.
SPECTROGREEN also analyzes biofuels in the biomass-tofuels process and, increasingly is used in the reclamationof critical components from waste, such as recovery andrecycling of phosphate from sewage, as well as from othereffluents. This product is one of many solutions from AMETEKSPECTRO that help support important sustainability initiatives
and allow our customers to achieve their sustainability
targets and lessen their environmental impact.

SPECTROGREEN from SPECTRO

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Advancing the Understandingof Climate Change
Proactively understanding climate change is one of the major
challenges of our time. Highly advanced microanalytical
instruments, such as Secondary Ion Mass Spectrometers(SIMS) from AMETEK CAMECA, provide scientists with
important answers. One such CAMECA instrument, the
NanoSIMS, has been key to a wealth of environmental studies
carried out by marine microbiologists, soil scientists,botanists, and paleoclimatologists.
Researchers at the University of Gothenburg in Sweden are
currently investigating the effects of changing winterconditions in the sub-Arctic. The NanoSIMS allows them totrack life-sustaining elements, such as nitrogen, to provide
insights into the impact of climate change. CAMECA also
provides high-end characterization instruments used in suchareas as medical and life sciences and recently worked
with Harvard University researchers to investigate thedynamic state of living tissue.

NanoSIMS 50L from CAMECA

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S O L U T I O N SHelping Monitor and Reduce
Air Pollutants
To properly monitor air quality in both metropolitan andcommercial environments, municipalities and businesses
continuously monitor hazardous air pollutants to ensure thesafety of residents and employees, respectively. Many of them
rely on AMETEK MOCON’s Baseline gas monitoring analyzers,
which collect information by measuring select greenhousegases, low-level toxic compounds, and hazardous air pollutants
such as benzene and volatile organic compounds (VOCs).
These analyzers detect trace levels of harmful pollutants, manyof which are not normally measurable outside of a lab. The
Baseline analyzers are used in ambient air stations aroundmetropolitan areas as well as in fence-line monitoring systems
at industrial and hazardous waste sites.
The data provided by Baseline analyzers ensures that emissions
do not exceed EPA or local government permissible limits,and that unknown tank leaks, which could be harmful to theenvironment and air quality, do not go undetected. With thisdata, customers can take immediate action to reduce air
pollution and prevent further leaks, providing clean, safe air
conditions for those nearby.

Baseline 9100 Gas Chromatograph from MOCON

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AMETEK SASB Profile Report
Introduction
SASB CODEThe SASB Standards identify industry-specific ESG

ACTIVITY METRICAMETEK RESPONSE

risks and opportunities and provide associated metrics
that can be used to measure, manage and communicate
ESG performance in a consistent, comparable andE N E R G Y

M A N A G E M E N T

RT-EE-130a.1

reliable way. We have consolidated the SASB disclosure
topics that are relevant to our business in this SASB
Profile Report to make it easier for our stakeholders to(1) Total energy consumed

Energy Data

(2) Percentage grid electricity(1) Total energy consumed(3) Percentage renewable(2) Percentage grid electricity

2019

2020

1,368,0000 GJ (380.0m kWh)

1,193,760 GJ (331.6m kWh)(3) Percentage renewableaccess our financially relevant ESG information.

100%

100%

9.58% (23.0m kWh)

9.62% (20.6m kWh)Our energy consumption data can be found in our Environmental Data and is collected from manufacturing,sales and service support facilities globally. AMETEK has financial and operational control over these facilities.

AMETEK has utilized the industry-specific sustainability
accounting standards contained within the SASB
Electrical & Electronic Equipment Standard (RT-H A Z A R D O U S

EE Version 2018-10), which is in line with SASB’s

RT-EE-150a.1

W A S T E

M A N A G E M E N T

Amount of hazardous waste generated, percentage recycledclassification of AMETEK via its Sustainable Industry
Classification System® (SICS®). Disclosure topics
include Energy Management; Hazardous Waste
Management; Materials Sourcing; and Business Ethics.
RT-EE-150a.2

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1,103.7

Percentage recycled (%)

11%

Number and aggregate quantity of reportable spills, quantity
recovered

In 2020, AMETEK had no reportable spills.

S A F E T Y

RT-EE-250a.1

Number of recalls issued, total units recalled

None.

RT-EE-250a.2

Total amount of monetary losses as a result of legal proceedings
associated with product safety

In 2020, AMETEK had no monetary losses as a result of legal proceedings associated with product safety.

P R O D U C T

2 0 2 1

2020

Total waste (Mt)

AMETEK monitors our hazardous waste disposal through waste manifests. Additionally, all facilities areencouraged to have good waste management practices and required to have appropriate licenses and permits.
AMETEK ensures compliance with local, state and federal regulations through audits.

Management; Product Safety; Product Lifecycle

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Hazardous Waste

L I F E C Y C L E

M A N A G E M E N T

RT-EE-410a.1

Percentage of products by revenue that contain IEC 62474
declarable substances

AMETEK’s supply agreements require that material purchased by AMETEK will not contain any substances
included on the RoHS or REACH lists. However, AMETEK does not specifically track IEC 62474 declarable
substances in the products it purchases.

RT-EE-410a.2

Percentage of eligible products, by revenue, that meet ENERGYSTAR® criteria

Not applicable. At this time, ENERGY STAR® criteria has limited applicability given our business-to-businessfocus.

RT-EE-410a.3

Revenue from renewable energy-related and energy efficiencyrelated products

At this time, AMETEK does not track the revenue from renewable energy-related and energy efficiency-related
products.

S A S BP R O F I L E

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AMETEK SASB Profile Report ( page 2)
SASB CODE

M AT E R I A L S
RT-EE-440a.1

ACTIVITY METRICAMETEK RESPONSES O U R C I N G
Description of the management of risks associated with the useof critical materials

AMETEK continuously evaluates critical material risks in our supply chain and integrates information from theevaluation into our business continuity plans. We work to balance costs and risks related to the changing
market and supply. Most critical material used has second sources available. If material is single-sourced, we
utilize mitigation plans for the continuity of supply. This is accomplished through our 1) Strategic Supply Chain
organization which constantly monitors market availability and geopolitical concerns, 2) our stocking strategies
for material that is deemed ‘at risk’, and 3) efforts to qualify multiple sources for material whenever possible. In all
situations, we implement appropriate risk mitigation efforts for the availability of material supply.
AMETEK follows its Supplier Code of Conduct, which sets clear expectations related to employment standards,
worker safety, environmental compliance, ethical business conduct and material compliance. The Supplier Codeof Conduct is standard in all our purchase agreements.
Additional information can be found in our Overview of Environmental, Health & Safety Management Programs
and our Conflict Minerals report.

B U S I N E S S
RT-EE-510a.1

E T H I C S
Description of policies and practices for prevention of:(1) corruption and bribery, and(2) anti-competitive behavior(1) AMETEK prohibits the acceptance of kickbacks or bribes. Colleagues are prohibited from soliciting or
accepting anything of value in return for taking improper action in the performance of their duties.
(2) AMETEK is committed to fair and open competition in the markets it serves around the world. All AMETEK
colleagues are expected to comply with the antitrust/competition laws of the countries in which AMETEK does
business.
Additional information can be found in our Code of Ethics and Business Conduct.

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RT-EE-510a.2

Total amount of monetary losses as a result of legal proceedings
associated with bribery or corruption

In 2020, AMETEK did not have any monetary losses as a result of legal proceedings associated with bribery or
corruption.

RT-EE-510a.3

Total amount of monetary losses as a result of legal proceedings
associated with anti-competitive behavior regulations

In 2020, AMETEK did not have any monetary losses as a result of legal proceedings associated with anticompetitive behavior regulations.

S A S BP R O F I L E

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AMETEK TCFD Disclosure
Introduction

G O V E R N A N C E

AMETEK is committed to accelerating the transition toa low-carbon future and supporting the clean energy

Disclose the organization’s governance around climate-related risks and opportunities.
a) Describe the Board’s oversightof climate-related risks andopportunities.

economy by solving our customers’ most complex
challenges with differentiated technology solutions.
To that end, we have prepared this report to disclose

In accordance with NYSE rules and AMETEK’s Audit Committee’s charter, our Audit Committee has primary responsibility for overseeing overall risk management
for AMETEK. Our sustainability initiatives, including oversight of climate risks and opportunities, are overseen by the Governance/Nominating Committee. The full
Board receives regular reports from the Audit Committee and the Governance/Nominating Committee regarding risk management activities, including climaterelated activities.
AMETEK and our Board of Directors are committed to legal, regulatory and environmental compliance. To support this framework, management has developed arobust set of internal policies and procedures, which are made available to all employees to help monitor and manage compliance across our enterprise.

our actions around climate governance, strategy, risk
management, and metrics and targets in line with therecommendations of the Task Force on Climate-related
Financial Disclosures (TCFD). By taking this approach,b) Describe management’s role inassessing and managing climaterelated risks and opportunities.

we aim to show how we are positioning AMETEK tosupport the goal of the Paris Agreement on climatechange to limit the increase in global temperature to
below 2°C above preindustrial levels by the end of the
century. This is our first TCFD-aligned report, and weplan to update it in the future as we make progress andnew information becomes available.

Our ERM Committee, composed of senior executives, including the Chairman and Chief Executive Officer, the Chief Financial Officer, the Chief Administrative
Officer, and the Group Presidents, reviews our enterprise risks. The Committee has an annual process that determines the most important enterprise risks basedon severity, likelihood and ability to mitigate, and in turn develops action plans to address the risks. Enterprise risks include any significant event or circumstancethat could impact the achievement of our business objectives. These risks include, among other things, strategic, operational, human capital, SEC reporting,compliance, reputational, and environmental, social, and governance (“ESG”), including climate-related risks. For example, the team considers the impact ofnatural disasters and resource shortages on AMETEK’s facilities (i.e., severe weather effects and water availability). The ERM Committee’s findings are presented
to the Audit Committee on a quarterly basis and to the full Board of Directors annually. Management’s strategic planning growth process manages business
opportunities, including climate-related opportunities.

S T R AT E G Y
Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning.
a) Describe the climate-related risks
and opportunities the organization
has identified over the short,medium, and long term.

AMETEK’s ERM Committee ensures sound policies, procedures and practices are in place for the enterprise-wide management of the company’s significant risks
over the short, medium, and long term. The Committee is responsible for reporting results of these activities to the Board of Directors, its Audit Committee, and
its Governance/Nominating Committee. Risk management focus areas include, but are not limited to:• Business Continuity Planning• Country Concentration Risk
• Cybersecurity• Environmental and Climate-Related Risk
• Geopolitical Risk
• Global Sourcing and Supply Chain Risk
• Pandemics• Product and Technology Risk
• Response to Natural Disasters
AMETEK identifies short-, medium- and long-term time horizons for climate-related risk and opportunity planning as 0-1 year, 1-5 years, and 5-10 years,
respectively. We have analyzed the impact that climate change may have on our business over these time horizons and identified the climate-related risks
and opportunities most likely to affect our global operations. At this time, we do not believe that climate-related risks are material to our operations, given our
distributed business model, the location and diversity of our manufacturing facilities, and our risk mitigation efforts.
Growth opportunities are identified in our strategic planning process, which includes new product development. Our new product development process focuses
on developing innovative products and solutions to help solve our customers’ most complex challenges, including reducing carbon emissions, increasing the use
and adoption of renewable energy, and addressing the impacts of climate change. Our product portfolio encompasses products with a short-, medium- or longterm life cycle, including products addressing the impacts of climate change, as highlighted in the Our Solutions section of this Report.

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AMETEK TCFD Disclosure ( page 2)
TYPE

CLIMATE-RELATED RISKSAMETEK RESPONSE

Policy and Legal• Enhanced emissionsreporting obligations• Mandates on and regulationof existing products andservices

We do not forecast that enhanced emissions-reporting obligations will havea material impact on our company. While we understand that the timing andmagnitude of climate-related regulatory drivers vary across the geographies inwhich we operate, our approach to managing climate-related transition risks is
consistent across our global operations.

TYPE

CLIMATE-RELATED OPPORTUNITIESAMETEK RESPONSE

Resource
Efficiency• Use of more efficient
production and distribution
processes

Kaizen is a key internal process that helps drive AMETEK’s sustainable growth.
We are applying this concept to drive more efficient production and distribution
processes which will have a positive impact on our carbon footprint as well as ouroperating costs.

EnergySource• Shift toward decentralizedenergy generation

The current shift toward decentralized energy generation plays into AMETEK’s
current strategy of supporting distributed energy production and supply. Should
the shift occur more rapidly, we may recognize additional sales of our existing
distributed energy products.

Products
andServices• Development and/or
expansion of low emission
goods and services

We are actively expanding our lines of products and services that help support
renewable energy, emissions monitoring, and carbon reduction applications.
Increased demand for these products resulting from a faster transition to a lowcarbon economy could drive revenue growth. For more information, see the Our
Solutions section of this Report.

Markets• Access to new markets

AMETEK is well-positioned to address changing market conditions resulting fromclimate change. Given our product development focus, we are able to address
new market opportunities as they emerge.

Resilience• Resource substitutes/
diversification

While our reach is far, with over 150 operating locations in 31 countries, we arean asset-light manufacturing organization and not capital-intensive. As such,our business model has a built-in resilience to changing climate. Additionally, we
operate a diversified supply chain which increases reliability and the ability tooperate under changing conditions.

Technology• Substitution of existingproducts and services withlower emissions options
Transition
Risks

We believe that changes in technology will not outpace our ability to respond tothem. Our products and services already support the transition to a low-carbon
economy, and we can address changing demand to deliver more renewableenergy technologies to our customers as the need arises.

Market• Changing customer behavior• Increased cost of raw
materials

We stay ahead of changing customer behavior by partnering with customers
to develop sustainable solutions that meet their specific needs. Supply chain
disruptions are not likely to have a material long-term impact either, as ourglobal supply chain allows us to remain flexible and adapt to changing economic
conditions, including raw material costs. Our technically differentiated productportfolio allows us to adjust pricing to offset the increased costs of raw materials.

Reputation• Increased stakeholder
concern or negative
stakeholder feedback

Stakeholders are increasingly focused on climate-related matters. We arecommitted to addressing long-term climate-related risks and reducing our climate
impact. We are pleased to publish this inaugural TCFD report, and we plan tocontinue to provide our stakeholders with our climate strategy through TCFDaligned disclosures in the future.

Acute• Increased severity of extreme
weather events such as
cyclones and floods
Physical
Risks

While we may experience a loss in productivity or working days due to extreme
weather, AMETEK has developed robust continuity plans to safeguard ourfacilities and employees against significant impacts. In the event we experiencean extreme weather event, the distributed nature of our footprint, our robust
contingency plans, and insurance programs should allow us to mitigate material
financial loss.

Chronic• Rising mean temperatures• Rising sea levels

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R E P O R T

Currently, chronic physical changes to the climate are unlikely to pose a material
impact to AMETEK in the long term as the majority of our operations are locatedin regions that are not flood-prone, or water- or temperature-stressed. As we add
new manufacturing facilities, we will re-evaluate future risk from these factors.

/

A M E T E K

T C F DD I S C L O S U R E

AMETEK TCFD Disclosure ( page 3 )S T R AT E G Y( C O N T I N U E D )b) Describe the impact of climaterelated risks and opportunities
on the organization’s businesses,
strategy and financial planning.

Our strategic planning process, which includes robust financial planning, is implemented within each AMETEK business. This comprehensive process evaluatesmarket attractiveness and our competitive positioning across our niche markets. Climate-related risks and opportunities are addressed through this strategy
planning process. As an example, through our research, development and engineering efforts — along with strategic acquisitions — we are growing our portfolio
of differentiated products and solutions to support the transition to a low-carbon future. Additionally, our ERM process provides oversight of climate-related risk
and is integrated with our strategic planning process. For more information, see the Our Solutions section of this Report.

c) Describe the resilience of theorganization’s strategy, taking into
consideration different climaterelated scenarios, including a 2°C
or lower scenario.

As this is our inaugural TCFD report, we took a limited approach to assessing business resiliency under different climate scenarios. We qualitatively addressed
the differing impacts of two scenarios, one in which the world transitions rapidly to a low-carbon economy and one in which business continues as usual. Given
that our time horizon for strategic planning only spans ten years, physical risks from climate change are largely locked in as the amount of future global warming
due to past emissions should not vary significantly over this timeframe. As such, the change in impact of the two scenarios on our identified climate risks andopportunities is not expected to be significant. In terms of transition risks, under a low-carbon economy scenario, the stricter regulations on greenhouse gas
emissions and energy management over the next decade should drive AMETEK to increase investment in R&D on low-carbon energy-related opportunities, look
for additional efficiency upgrades to our facilities, and further diversify our energy mix beyond what would be expected under a business-as-usual scenario. Aspart of our ERM process, we constantly evaluate changing regulations and policies in the jurisdictions in which we operate and can adjust our climate strategy asneeded. We plan to engage in a more detailed, quantitative scenario analysis in the future to gain a better understanding of the impact on our identified climaterelated risks and opportunities.

M A N A G I N G

C L I M AT E

C H A N G E

R I S K

Disclose how the organization identifies, assesses, and manages climate-related risks.
a) Describe the organization’s
processes for identifying andassessing climate-related risks.

AMETEK has given our ERM committee the task of identifying and assessing enterprise risks, including climate-related risks. This committee, which meetsquarterly, is composed of senior executives, including the Chairman and Chief Executive Officer, the Chief Financial Officer, the Chief Administrative Officer,
and the Group Presidents. The committee has a comprehensive approach to anticipate, identify, prioritize and manage climate-related risks to our organization.
Climate-related risks are evaluated on whether they could impact the achievement of our business objectives, including strategic, operational, financial, humancapital and compliance. The Governance/Nominating Committee of AMETEK’s Board of Directors has primary responsibility for overseeing environmental andclimate-related risks for the company.

b) Describe the organization’s
processes for managing climaterelated risks.

As described above, AMETEK has given our ERM committee the task of identifying and assessing enterprise risks, including climate-related risks. This
committee, which meets quarterly, is composed of senior executives, including the Chairman and Chief Executive Officer, the Chief Financial Officer, the Chief
Administrative Officer, and the Group Presidents. The committee has a comprehensive approach to anticipate, identify, prioritize and manage climate-related risks
to our organization. Climate-related risks are evaluated on whether they could impact the achievement of our business objectives, including strategic, operational,
financial, human capital and compliance. AMETEK’s Environmental, Health and Safety (EHS) Department monitors and manages enterprise-wide environmental
compliance, including climate-related processes, through policies and procedures, and reports periodically to the ERM committee.
Additionally, because of AMETEK’s distributed operating structure, business leaders are responsible for measuring, managing, and working to reduce theenvironmental impact of their operations in support of AMETEK’s environmental targets. This structure allows each business to drive initiatives that support
their most important business strategies. Each business has formed an Environmental Health and Safety team to provide oversight and ongoing support for thebusiness’ efforts, which are centered around reducing energy and waste, as well as electrical and water usage while improving overall operational efficiency. Eachbusiness regularly tracks and measures the progress of these initiatives, which are reported to leadership.

c) Describe how processes for
identifying, assessing andmanaging climate-related risks areintegrated into the organization’s
overall risk management.

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As described above, AMETEK has given our ERM committee the task of identifying and assessing enterprise risks, including climate-related risks. Our EHS
Management programs align with many of the ISO 14001 and 18001 (or 45001) principles and reflect our commitment to conducting business in a safe andenvironmentally responsible and sustainable manner. These programs meet or exceed compliance with applicable laws and regulations to promote continuous
improvement in our operations. All facilities worldwide work towards consistent goals, applying the same metrics and identifying and sharing best practices. Key
performance indicators are reported to our management team and senior business leaders on a monthly basis.

AMETEK TCFD Disclosure ( page 4 )M E T R I C S

A N DTA R G E T S

Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities.
a) Disclose the metrics used by theorganization to assess climaterelated risks and opportunities
in line with its strategy and risk
management process.

AMETEK tracks the following metrics relevant to climate-related risks and opportunities:
GREENHOUSE GAS (GHG) EMISSIONS (Mt CO2e)
Total Scope 1 GHG Emissions*
Total Scope 2 GHG Emissions
ENERGY (kWh)Total Energy Usage
From renewable sources
From non-renewable sources
Total Electrical Usage
Percent from the grid
WATER (gallons)
Total Water UsageTOTAL FLEET FUEL CONSUMPTION (gallons)
Total Fleet Consumption
WASTE (Mt)2020 Hazardous Waste
Percent Hazardous Waste Recycled

2019
31.4k
95.0k
2019
380.0m23.0m
357.0m240.0m100%
2019172.8m2019
601.7k

2020
24.3k
85.7k
2020
331.6m20.6m
311.0m215.0m100%
2020
168.4m2020
285.0k2020
1,103.7
11%*Consumption from fuel used at our facilities and by our fleet.

b) Disclose Scope 1, Scope 2 and, if
appropriate, Scope 3 greenhousegas (GHG) emissions and therelated risks.

AMETEK discloses the following emissions data:
EMISSIONS TYPE

2019

2020

Total Scope 1 GHG Emissions (Mt CO2e)

31.4k

24.3k

Total Scope 2 GHG Emissions (Mt CO2e)

95.0k

85.7k

We will consider evaluating our Scope 3 emissions in the future.
c) Describe the targets used by theorganization to manage climaterelated risks and opportunities andperformance against targets.

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We have established a goal to reduce our combined Scope 1 and Scope 2 GHG emissions by 40%, normalized to sales, by 2035, from a 2019 baseline.

About This Report»

Forward-Looking Information: Statements in this report related to future events, such as AMETEK’s expected business andfinancial performance, are “forward-looking statements.” Forward-looking statements are subject to various factors anduncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include risks
related to COVID-19 and its potential impact on AMETEK’s operations, supply chain, and demand across key end markets;
AMETEK’s ability to consummate and successfully integrate future acquisitions; risks with international sales and operations
including supply chain disruptions; AMETEK’s ability to successfully develop new products, open new facilities or transfer productlines; the price and availability of raw materials; compliance with government regulations including environmental regulations;changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity andfinancing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and otherfactors that may affect our future results is contained in AMETEK’s filings with the U.S. Securities and Exchange Commission
including its most recent reports on Forms 10-K, 10-Q, and 8-K. AMETEK disclaims any intention or obligation to update or revise
any forward-looking statements.

»

This report is dated as of October 20, 2021, and unless otherwise noted, the information in this report is as of October 20, 2021.
All financial information in this report is limited to continuing operations and is reported in U.S. dollars.

»

Uncertainties are inherent in collecting data from a wide range of facilities and operations in a global company such as AMETEK.
The data included in this report (other than audited financial data) are good faith-estimates and have not been externally audited.
This report has been reviewed by AMETEK’s Audit Services group.

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Corporate Office
AMETEK, Inc.
1100 Cassatt Road
Berwyn, PA 19312-1177 U.S.A.
www.ametek.com

Investor Relations
investor.relations@ametek.com
investors.ametek.com/information-request© 2021 by AMETEK, Inc.
All rights reserved.
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