exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: tax
differences, employee wages and payouts, interest payments, tax, benefit allocations, legal payments, by the associated commute mix for their office location, the associated average commute distance by
credits and discounts to customers, payments to directors, and acquisition payments.
3 4
43mode of transportation, and the number of days commuting, adjusted for the average number of work days were purchased and retired on behalf of the participating employees, equating to approximately
in a month (21.83 days). 4% of electricity consumption related to working remotely.
■ The commute mix was based on city-level estimates obtained from publicly available census data. ● Sourcing and retirement of RECs consider the guidelines on geography, vintage,
Where city-level estimates were not available or not used,
Keyword: governance
Governance 35
Forward-Looking Statements 36
Appendices
Appendix A: Airbnb Corporate Greenhouse Gas Emissions 38
(2020-2022)
Appendix B: PricewaterhouseCoopers LLP Report of 41
Independent AccountantsEnvironmental Sustainability
We believe addressing climate change is one of the greatest challenges of our generation and
that businesses play a key role in helping to achieve a stable climate. We also believe that striv-
ing for more sustainable operations—and sustainable practices with our Hosts and guests—is
an important tool to help address stakeholder concerns, reduce energy costs, increase business
resiliency, and create a more sustainable company and community.
Highlights of our recent environmental sustainability progress include:
• Airbnb’s corpo
Keyword: governance
• We have a suite of information governance policies, including a Data Protection Policy and an
Information Security Acceptable Use Policy, and Incident Response Plans which support the
swift and coordinated investigation of privacy and security incidents including any appropri-
ate risk mitigations and corrective actions.
• Our cross-functional data privacy and information security teams are led by experienced
privacy and security executives, including our Chief Privacy Officer, Chief Security Officer,
and Director of Information Security, who regularly report to the Audit, Risk and Compliance
Committee of our Board of Directors.
• Employees are required to undergo regular cybersecurity and data privacy and information
security training.
• We underpin our security features through
Keyword: governance
Corporate Governance Guidelines
Our Board of Directors’ Corporate Governance Guidelines set out the Board’s responsibility to
consider the interests of our stakeholders and ensure our business is conducted for the long-
term benefit of the company. Our Board’s Stakeholder Committee meets regularly, and works
with Airbnb executive leadership to assist the Board with its consideration and monitoring of the
interests of our stakeholders.
Executive Compensation
Our executive compensation programs are designed to attract and retain high-caliber leaders
and to align compensation with our stakeholder priorities and company performance:
• We directly link incentive pay and stakeholder priorities, and emphasize equity-based com-
pensation and longer-term delivery. In 2
Keyword: governance
pensation, and other elements of our governance is available in our Proxy Statement and on the
Governance section of our Investor Relations website.
35Forward-Looking Statements
This report release contains “forward-looking” statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements regarding Airbnb’s climate-related
plans, net zero emissions commitments, energy efficiency strategies, and sustainability targets,
goals, commitments, and programs. In some cases, forward-looking statements can be identified
by terms such as “may,” “will,” “should,” “possible,” “expect,” “plan,” “predict,” “forecast,” “could,”
“target,” “believe,” “potential,” “anticipate,” “estimate,” “continue,” “committed to,” “goal,” “seek,”
“aim,” or other similar terms
Keyword: governance
The Board’s Corporate Governance and Nominating Committee oversees
risks associated with our governance policies and practices and is responsible
for ESG reporting.
The Board’s Compensation and Human Capital Committee has oversight
of human capital programs, policies and strategies, including diversity, equity
and inclusion.
The Board's Audit and Finance Committee has oversight over the
measurement and reporting of the company's ESG goals and external
disclosures.
Senior executives are core members of the ESG Council Steering
Committee, which is responsible for developing our strategic framework,
overseeing our ESG management system and providing quarterly briefings to
the Executive Leadership team. Executives are assigned to each materiality
factor, ensuring strategic al
Keyword: governance
Governance system in place, along with ESG Council steering committee and working Goals & KPI disclosures provided annually,
policies for EHS, quality and human rights, groups formed and updated regularly on the Allegion ESG
our ethics program and supplier standards web portal
and publicly available
Governance groups established for Diversity
Equity & Inclusion (DEI), Sourcing, Supplier Downloadable reports available: ESG
Diversity and Incident Response, in addition Summary Report and the SASB-UNSDG
Disclosure of year-over-year change on key
to cross-functional Global Privacy and discussion guide
EHS factors in annual reporting
Cybersecurity Operations teams
Materiality matrix completed, global ESG Semi-annual Board and management review
CDP reportin
Keyword: governance
Environmental goals Social goals Governance goals
By 2030, achieve 25% reduction0 in Socially responsible product quality and Maintain Board oversight of our risk
greenhouse gas (GHG) emissions intensity product safety management system, including information
technology, cybersecurity, privacy and
disruptive technology matters; our ESG system
By 2030, use 100% carbon-free electricity Offer a best-in-class supplier diversity and issues; and the ethics and compliance
program (U.S.) program
Extend the ethics and compliance program to
By 2030, achieve 20% reduction in water World-class employee safety management,
all employees, contingent workforce, suppliers
usage and total waste to landfill in line with National Safety Council principles
and business partners, and resolve allegations
Keyword: governance
Governance Goals & Progress
Directors, leaders, employees, contingent workers,
suppliers and all our business partners and contractors.
Our key goals Among other things, our Code of Conduct includes the
obligation to speak up and protects against retaliation.
Maintain Board oversight of our risk management system,
including information technology (IT), cybersecurity, privacy and
disruptive technology matters; our ESG system and issues; and
the ethics and compliance program
Key policies and reference documents on the Allegion
website:
Extend the ethics and compliance program to all employees,
contingent workforce, suppliers and business partners
§ Corporate Governance Policies
§ Code of Conduct and Business Partner Code of Conduct
Deliver code of cond
Keyword: governance
Chair, Corporate Governance & Compensation Committee Committee Incentive Plan for executive officers. Beginning in 2023, the
Nominating Committee
scorecard factors into executives’ individual performance scores.
Twice a year, ESG is on the Corporate Governance and
Nominating Committee agenda. In addition, throughout the
year, various Board committees receive topic-specific briefings
for matters such as EHS, enterprise risk management, ethics and
compliance, cybersecurity and privacy, compensation and DEI
strategy.
2023 2023
Susan L. Main Nicole Parent Haughey Ellen Rubin
Diversity is valued in all aspects of our business,
including Board diversity. As of September 2023, we have
achieved 60% diversity across gender, racial and ethnic
representationamong our Board of D
Keyword: governance
Allegion proactively engages with shareholders on ESG and other governance items. In response to our engagement
efforts, we have made the following governance improvements:
▪ In 2023, upon retirement of our longstanding board chair, we split the roles of CEO and chair of the Board. John H. Stone
(president & CEO) is a member of the Board, and Kirk Hachigian is its independent chair.
▪ Starting in 2023, we updated our annual incentive plan to include an ESG scorecard for executive officers.
▪ We have refreshed our Board by adding six new directors since 2020, and 60% of Board is diverse.
▪ We continue to update our ESG disclosures, sharing steps taken to support our long-term strategy and commitments.
1199Footnotes
* Data is normalized to hours worked. To the extent actual hours worked are not available for any fu
Keyword: bribe
including extortion and bribery. informal interactions and ongoing discussions.
Corrupt Practices Act for all international employees,
highlighting our zero-tolerance policy toward • C ybersecurity Measures: We continually enhance our
unethical behavior. safeguards to protect against cybersecurity threats and
attacks, implementing comprehensive policies and programs
to ensure the security and integrity of our operations.
American Tower is dedicated to ethical business practices, ensuring long-term
success and positive impact for all our stakeholders.
AMERICAN TOWER | 2023 SUSTAINABILITY EXECUTIVE REPORTLETTER FROM OUR ABOUT OUR APPROACH
13 PRESIDENT AND CEO AMERICAN TOWER TO SUSTAINABILITY ENVIRONMENT SOCIAL GGOOVVEERRNNAANNCCEE ABOUT THIS REPORT
Governance 2023 Highligh
Keyword: corruption
Work against corruption in all its forms, formal customer satisfaction surveys, alongside frequent
Conduct Policy for all employees and the Foreign
including extortion and bribery. informal interactions and ongoing discussions.
Corrupt Practices Act for all international employees,
highlighting our zero-tolerance policy toward • C ybersecurity Measures: We continually enhance our
unethical behavior. safeguards to protect against cybersecurity threats and
attacks, implementing comprehensive policies and programs
to ensure the security and integrity of our operations.
American Tower is dedicated to ethical business practices, ensuring long-term
success and positive impact for all our stakeholders.
AMERICAN TOWER | 2023 SUSTAINABILITY EXECUTIVE REPORTLETTER FROM OUR
Keyword: tax
• Tax and economic contribution
Our infrastructure plays a critical role in supporting the United Nations (UN)
Sustainable Development Goals (SDGs). By facilitating equitable access to
the digital world, our towers and networks are pivotal in advancing education,
healthcare and economic growth, which are essential to achieving these goals.
The telecommunications sector, enhanced by our initiatives, is central to driving
progress across all 17 SDGs, illustrating the vital link between our industry and
global sustainability.
In forging a path toward a sustainable future, American Tower emphasizes
collaboration with stakeholders and the cultivation of partnerships. This cooperative
spirit is essential for addressing complex global challenges and re
Keyword: tax
implementation. It includes leaders from sustainability, tax,
information technology, legal, DEI, public affairs, energy and
platform extensions. Given the Company’s global reach, each Regional Regional Sustainability
Leaders Committees
region’s governance is tailored to provide the adaptability and
flexibility needed to address its local needs. The GSC’s efforts Support the CSO with Drive regional sustainability
sustainability strategy initiatives that are
resulted in the securing of initial and ongoing global support
implementation within aligned with the global
for our commitments to the UN Global Compact (GC) and UN
markets sustainability strategy
Women’s Empowerment Principles (WEPs) and enhanced
global data governance practices related to our material
topics, enabling better progress tracking
Keyword: governance
2 PPRREESSIIDDEENNTT AANNDD CCEEOO AMERICAN TOWER TO SUSTAINABILITY ENVIRONMENT SOCIAL GOVERNANCE ABOUT THIS REPORT
Letter From Our President and CEO
Dear Stakeholders,
As the President and CEO of American Tower, I am systems and increased our energy storage capacity by Looking ahead, our focus remains on leveraging our
privileged to continue our journey toward a more more than 40% to approximately 850 megawatt hours industry-leading position as a driver of sustainable
connected and sustainable world. We as a company (MWh). These milestones are crucial as we continue to solutions that meet the needs of our customers and
are committed to sustainable digital infrastructure, align our operations with global climate targets, proving contribute positively to the planet. With the unwavering
which we consider to be essential for economic resp
Keyword: governance
3 PRESIDENT AND CEO AAMMEERRIICCAANN TTOOWWEERR TO SUSTAINABILITY ENVIRONMENT SOCIAL GOVERNANCE ABOUT THIS REPORT
About American Tower
Our real estate portfolio of over
Founded in 1995, American Tower is one of the largest publicly held 12
224,000 communications sites includes:1
global real estate investment trusts and a leading independent
owner, operator and developer of multitenant communications real
estate. Our global digital infrastructure business serves customers A
U.S. and Canada Europe
through tower sites and other real estate solutions that support
2 ~43,000 ~31,000
connectivity. Our neutral-host model is inherently sustainable, as
it allows multiple customers to lease space for communications
B
equipment on the same physical asset, allowing them to reduce
network infrastructure costs, minimize their environmental impact
A
Keyword: governance
4 PRESIDENT AND CEO AAMMEERRIICCAANN TTOOWWEERR TO SUSTAINABILITY ENVIRONMENT SOCIAL GOVERNANCE ABOUT THIS REPORT
Our Vision: Building a More Connected World
American Tower is committed to Building a More Connected World, enhancing digital
connectivity to meet our customers’ evolving needs sustainably.
With more than 5,600 employees focused on developing and maintaining critical
infrastructure, we are pivotal in promoting responsible connectivity.1 This commitment
supports industry growth and generates long-term value for our stakeholders,
addressing global communication challenges and advancing sustainability.
1. A s of December 31, 2023. AMERICAN TOWER | 2023 SUSTAINABILITY EXECUTIVE REPORTLETTER FROM OUR ABOUT OOUURR AAPPPPRROOAACCHH
5 PRESIDENT AND CEO AMERICAN TOWER TTOO SSUUSSTTAAININAABBILIILTIYTY ENVIRONMENT SOCIAL GOVERNANCE
Keyword: governance
Social and Governance (ESG) pillars, is essential to our business strategy. • Climate change mitigation • Waste management
• Land stewardship • Water management
We are committed to maximizing long-term value for shareholders by serving our
stakeholders—employees, customers, vendors and the communities where we operate.
Social
Each aspect of our sustainability priorities presents an opportunity for shared value
creation, aligning our business objectives with broader collective goals.
Our approach to sustainability is characterized by support and oversight from our Board • Emergency and disaster response • T alent recruitment,
development and retention
of Directors and senior leadership. The sustainability imperative is embedded across all • Occupational health a
Keyword: governance
Governance
The Company has set measurable targets across all
three pillars and strives for alignment with like-minded
• Cybersecurity • Board oversight
global organizations and frameworks, including:
• E thics, regulatory compliance • Stakeholder engagement
and accountability
• Tax and economic contribution
Our infrastructure plays a critical role in supporting the United Nations (UN)
Sustainable Development Goals (SDGs). By facilitating equitable access to
the digital world, our towers and networks are pivotal in advancing education,
healthcare and economic growth, which are essential to achieving these goals.
The telecommunications sector, enhanced by our initiatives, is central to driving
progress across all 17 SDGs, illustrating the vital link be
Keyword: governance
6 PRESIDENT AND CEO AMERICAN TOWER TTOO SSUUSSTTAAININAABBILIILTIYTY ENVIRONMENT SOCIAL GOVERNANCE ABOUT THIS REPORT
The Critical Role Telecommunications Plays
in Enhancing Global Sustainability1
Mobile technology
American Tower plays a crucial significantly boosts
global productivity and
role in advancing the UN
economic growth, with
SDGs by providing essential
studies indicating a
telecommunications infrastructure.
10% increase in mobile
broadband penetration
The mobile industry has seen a notable increase in its SDG impact score
from 33 in 2015 to 53 in the most recent reporting, reflecting significant can increase GDP by
strides in global connectivity and sustainability efforts. The Company’s
up to 2.5%, and mobile
initiatives have been particularly impactful in advancing SDG 9: Industry,
services contributed
Innovation and Infrastr
Keyword: governance
7 PRESIDENT AND CEO AMERICAN TOWER TTOO SSUUSSTTAAININAABBILIILTIYTY ENVIRONMENT SOCIAL GOVERNANCE ABOUT THIS REPORT
Nominating Committee of the Board of Directors
Has direct oversight of sustainability programs and policies
Sustainability Governance
Chief Sustainability Officer
Manages Company-wide sustainability matters and
The Nominating and Corporate Governance Committee Charter
regularly reports to the Nominating Committee
includes oversight and review of the Company’s sustainability
programs, policies and reporting as part of the Board’s
responsibilities. While the Nominating and Corporate Governance
Committee (Nominating Committee) oversees specific
sustainability matters, the entire Board reviews, discusses and
Global Sustainability Global
addresses these issues. We regularly conduct sustainability
Committee Sustainability Team
Keyword: governance
region’s governance is tailored to provide the adaptability and
flexibility needed to address its local needs. The GSC’s efforts Support the CSO with Drive regional sustainability
sustainability strategy initiatives that are
resulted in the securing of initial and ongoing global support
implementation within aligned with the global
for our commitments to the UN Global Compact (GC) and UN
markets sustainability strategy
Women’s Empowerment Principles (WEPs) and enhanced
global data governance practices related to our material
topics, enabling better progress tracking and identification of
improvement opportunities.
AMERICAN TOWER | 2023 SUSTAINABILITY EXECUTIVE REPORTLETTER FROM OUR ABOUT OUR APPROACH
8 PRESIDENT AND CEO AMERICAN TOWER TO SUSTAINABILITY EENNVV
Keyword: governance
IIRROONNMMEENNTT SOCIAL GOVERNANCE ABOUT THIS REPORT
Environment
Aligning With the UN SDGs Our Approach
At American Tower, we are dedicated to minimizing our
environmental impact and operating sustainably.
Our business model, which focuses on developing and leasing neutral-host infrastructure to multiple communications
providers, inherently reduces the telecommunications industry’s overall environmental footprint.
• Shared Infrastructure for Environmental Conservation: • Environmental Assessments and Mitigation:
We reduce land use change and the consumption of Before developing new sites, we conduct thorough
natural resources through our shared infrastructure environmental assessments to identify and implement
model, while also supporting reforestation efforts in appropriat
Keyword: governance
9 PRESIDENT AND CEO AMERICAN TOWER TO SUSTAINABILITY EENNVVIIRROONNMMEENNTT SOCIAL GOVERNANCE ABOUT THIS REPORT
Environment 2023 Highlights
Achieved a nearly 12% ~12% Reached almost 22,000 sites globally with
reduction in combined lithium-ion battery energy storage systems
scope 1 and 2 GHG reduction in and increased our energy storage capacity to
emissions compared scope 1 and 2 approximately 850 MWh
GHG emissions
to our 2019 base year,
while driving strong
organic business growth and reducing overall
Expanded our Green Sites 550+
scope 1 and 2 emissions intensity at our
program by developing over
communications sites by more than 15% since
550 new sites through our new Green Sites
2019, with reductions of approximately 25%
long-term, multi-market
and 24% in our largest emissions portfolios in
partnership with a major customer in
Keyword: governance
10 PRESIDENT AND CEO AMERICAN TOWER TO SUSTAINABILITY ENVIRONMENT SSOOCCIIAALL GOVERNANCE ABOUT THIS REPORT
Social
Aligning With the UN SDGs Our Approach
We recognize the importance of supporting and creating opportunities
for our employees and the communities where we operate.
Our Social pillar encompasses a range of initiatives, including employee development and wellness programs, safety and
security measures, DEI efforts, community initiatives supported by the American Tower Foundation, volunteer activities
and our Digital Communities program, among other philanthropic endeavors. We are proud to generate shared value by
enabling digital access and creating benefits for our business and stakeholders.
• P rofessional Development: We provide extensive • DEI: We foster and cultivate DEI through targeted
professional development
Keyword: governance
11 PRESIDENT AND CEO AMERICAN TOWER TO SUSTAINABILITY ENVIRONMENT SSOOCCIIAALL GOVERNANCE ABOUT THIS REPORT
Social 2023 Highlights
Promoted over 500 500+ Enhanced global policies related to security and Expanded DEI programming for employees
employees, an indication of crisis management, as part of our commitment to the with allyship education sessions, mentorship
the support and development employees promoted security of our people, assets and operations programs, speaker series, and heritage
the Company provides month programs and celebrations
Achieved an impressive 88% 88%
Proudly employed a workforce comprised of response rate in the company- Opened 144 Digital Communities, 144
approximately 30% women in an industry in wide employee engagement response rate in bringing the total to more than
which women continue to be under
Keyword: governance
Governance
Aligning With the UN SDGs Our Approach
We are steadfast in our commitment to conducting business with the
utmost ethical standards, ensuring we are recognized as a partner of
choice for our customers and the communities where we operate.
Our commitment to ethical operations is evident in our daily activities and is reinforced through rigorous training programs,
Aligning With the formal policies and procedures, and clear communications from our senior leadership.
UNGC Principles
• D rive Sustainable Value Creation: We aim to drive long- • Reporting and Accountability: We offer multiple
term value creation through organic growth, disciplined channels for employees and other stakeholders to
PRINCIPLE 1 capital allocation and strategic platfor
Keyword: governance
• Corporate Governance Excellence: We ensure a strong
proclaimed human rights; Board through the Audit Committee.
corporate governance framework that delineates
the roles and responsibilities of our Board, provides • S takeholder Engagement: We maintain strong
PRINCIPLE 2
comprehensive oversight of our strategic initiatives and relationships with our stakeholders through
Make sure that they are not complicit in
operations, and ensures regulatory compliance. comprehensive engagement programs. This includes
human rights abuses; and
conducting employee engagement surveys, participating
• Ethics and Compliance Training: We conduct
PRINCIPLE 10 in industry organizations and administering regular
thorough training on our Code of Ethics and Business
Work against corrup
Keyword: governance
Governance 2023 Highlights
Named as one of: Achieved 58% representation 58%
• N ewsweek’s America’s Most Responsible Companies of women and/or racially or
ethnically diverse individuals of Directors are
• USA TODAY’s America’s Climate Leaders
on our Board of Directors, female and/or racially
• Newsweek’s World’s Most Trustworthy Companies demonstrating our commitment or ethnically diverse1
• U.S. News & World Report’s Best Companies to
to diversity and inclusion at the
Work For
highest organizational levels1
• Sustainalytics’ Top-Rated ESG Companies
Drove improved sustainability support and performance
Conducted international 77%
through the inclusion of sustainability metrics within each
customer satisfaction surveys
executive officer’s annual incen
Keyword: governance
14 PRESIDENT AND CEO AMERICAN TOWER TO SUSTAINABILITY ENVIRONMENT SOCIAL GOVERNANCE AABBOOUUTT TTHHIISS RREEPPOORRTT
About This Report Indices and Supplements
Global Reporting Initiative Content Index
This executive report, along with the associated indices and supplements (collectively referred to Task Force on Climate-related Financial Disclosures Index
as “the Report”), summarizes our sustainability goals and progress for the calendar year 2023. The Sustainability Accounting Standards Board Index
Report provides highlights and should be utilized in combination with the Sustainability portion of Energy and Greenhouse Gas Emissions Data Supplement
our website and other Company reports. U.S. Operations Occupational Health and Safety Supplement
Principles of Reporting and Indices
Reporting Guidelines and Content Reporting
Keyword: bribe
Anti-Corruption and Anti-Bribery 25 Communities 45
Improving Our Business Through Kaizens 11
Training and Certifications 25
AMETEK Internal Awards 12 AMETEK Foundation Impact Focus Areas 46
Human Rights and Supply Chain 26
Our Approach to Sustainability 13 Our Positive Impact on Communities 47
Environment 27
Solutions 14 Appendix 48
Environmental Management 28
Clean Energy Transition 15 SASB Disclosure 49
Environmental Compliance Training and Reporting 29
Resource Efficiency 16 TCFD Disclosure 51
Taking Climate Action 30
Electrification 17 Environmental and Health and Safety Data 55
Reducing Our Operational Impact 32
Aerospace Sustainability 18 About this Report 56
Protecting Biodiversity 34
Advancing Healthcare 19
Elizabeth R. Varet Sustainability Award 35
2023 Sustainab
Keyword: bribe
| Compliance and Ethics | Anti-Corruption and Anti-Bribery
AMETEK’s Executive Office and Board of Directors are committed to AMETEK’s Anti-corruption and the prohibition of the acceptance of kickbacks or bribes is part of
compliance with legal and regulatory requirements. As such, management has our Code of Ethics and Business Conduct.
established internal policies and procedures to aid in monitoring and managing
We conduct an annual anti-corruption training that covers the Foreign Corrupt Practices Act, the
compliance throughout the company.
UK Anti-Bribery Act, and the UK Criminal Finance Act. The trainings are translated into 12 languages,
recorded, and made accessible to all AMETEK employees. New employees, including employees
Ethics and integrity are fundamental values at AMETEK, and we have
Keyword: bribe
The Code also outlines guidelines that forbid accepting kickbacks or bribes.
AMETEK has a separate Code of Ethical Conduct for its CEO and Senior Financial Officers.
AMETEK Hotline
As part of our commitment to doing the right thing for all stakeholders and fostering an
environment of ethical behavior, 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 Ethics
and Business Conduct and are posted in each of the company’s global locations.
Toll-free from the U.S.:
Keyword: bribe
RT-EE-510a.1 Description of policies and practices (1) AMETEK prohibits the acceptance of kickbacks or bribes. Colleagues are prohibited from soliciting or accepting anything
for prevention of: of value in return for taking improper action in the performance of their duties.
(1) corruption and bribery, and
(2) anti-competitive behavior (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.
RT-EE-510a.2 Total amount of monetary losses as a In 2022, AMETEK did not have any material monetary losses as a result of legal proceedings associated with bribery or corruption.
result of legal proceedings associat
Keyword: bribe
with bribery or corruption
RT-EE-510a.3 Total amount of monetary losses as a In 2022, AMETEK did not have any material monetary losses as a result of legal proceedings associated with anti-competitive
result of legal proceedings associated behavior regulations.
with anti-competitive behavior regulations
2023 Sustainability Report 50Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Task Force on Climate-Related Financial Disclosures (TCFD)
Introduction
AMETEK is committed to accelerating the transition to a low-carbon future and supporting the clean energy economy by solving our customers’ most complex challenges with differentiated technology
solutions. To that end, we have prepared this report to disclose our act
Keyword: corruption
Anti-Corruption and Anti-Bribery 25 Communities 45
Improving Our Business Through Kaizens 11
Training and Certifications 25
AMETEK Internal Awards 12 AMETEK Foundation Impact Focus Areas 46
Human Rights and Supply Chain 26
Our Approach to Sustainability 13 Our Positive Impact on Communities 47
Environment 27
Solutions 14 Appendix 48
Environmental Management 28
Clean Energy Transition 15 SASB Disclosure 49
Environmental Compliance Training and Reporting 29
Resource Efficiency 16 TCFD Disclosure 51
Taking Climate Action 30
Electrification 17 Environmental and Health and Safety Data 55
Reducing Our Operational Impact 32
Aerospace Sustainability 18 About this Report 56
Protecting Biodiversity 34
Advancing Healthcare 19
Elizabeth R. Varet Sustainability Award
Keyword: corruption
| Compliance and Ethics | Anti-Corruption and Anti-Bribery
AMETEK’s Executive Office and Board of Directors are committed to AMETEK’s Anti-corruption and the prohibition of the acceptance of kickbacks or bribes is part of
compliance with legal and regulatory requirements. As such, management has our Code of Ethics and Business Conduct.
established internal policies and procedures to aid in monitoring and managing
We conduct an annual anti-corruption training that covers the Foreign Corrupt Practices Act, the
compliance throughout the company.
UK Anti-Bribery Act, and the UK Criminal Finance Act. The trainings are translated into 12 languages,
recorded, and made accessible to all AMETEK employees. New employees, including employees
Ethics and integrity are fundamental values at AME
Keyword: corruption
from acquisitions, are provided with an anti-corruption primer prior to the in-depth training.
policies and procedures to uphold them. We regularly review our policies and procedures
relating to compliance and ethics. The Code of Ethics and Business Conduct specifically
prohibits the use of corporate funds for political advocacy, including campaign contributions
without prior approval of executive management. We do not have a political action committee.
The Code also outlines guidelines that forbid accepting kickbacks or bribes.
AMETEK has a separate Code of Ethical Conduct for its CEO and Senior Financial Officers.
AMETEK Hotline
As part of our commitment to doing the right thing for all stakeholders and fostering an
environment of ethical behavior, the company promotes open communication betw
Keyword: corruption
the code of conduct, conflict of interest, and anti-corruption.
2023 Sustainability Report 25Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Human Rights | Supply Chain and Responsible Sourcing
AMETEK is committed to upholding fundamental human rights. Our Human Rights Policy AMETEK has a Supplier Code of Conduct for our supplier partners that specifies the
is guided by the belief that all people around the world should be treated with dignity, behaviors, practices, and regulations AMETEK expects from all suppliers, with a focus
fairness, and respect. To that end, these expectations are reflected in the AMETEK on ethics, corporate responsibility, and compliance with applicable laws and regulations.
Code of Ethics and Business Conduct.
AMETEK continuously review
Keyword: corruption
(1) corruption and bribery, and
(2) anti-competitive behavior (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.
RT-EE-510a.2 Total amount of monetary losses as a In 2022, AMETEK did not have any material monetary losses as a result of legal proceedings associated with bribery or corruption.
result of legal proceedings associated
with bribery or corruption
RT-EE-510a.3 Total amount of monetary losses as a In 2022, AMETEK did not have any material monetary losses as a result of legal proceedings associated
Keyword: governance
2023 Sustainability ReportIntroduction About AMETEK Solutions Governance Environment People Communities Appendix
| Table of Contents
Introduction 3 Governance 20 People 36
Message from the Chairman and CEO 3 Corporate Governance Structure 21 Diversity and Inclusion 37
Key Sustainability Highlights 5 Board Diversity 22 Safeguarding Human Rights 39
Risk Management 23 Human Capital Management 40
About AMETEK 6 Cybersecurity 23 Employee Benefits and Well-Being 43
Sustainability Governance and Oversight 24 Workplace Health and Safety 44
AMETEK's Shared Purpose, Mission, and Core Values 8
Compliance and Ethics 25
The AMETEK Growth Model and Financial Results 9
Anti-Corruption and Anti-Bribery 25 Communities 45
Improving Our Business Through Kaizens 11
Training and Certifications 25
AMETEK Internal Awards 12 AMETEK Fo
Keyword: governance
2023 Sustainability Report 2Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Message from the Chairman and CEO
At AMETEK, our shared purpose to make a safer, sustainable, and more productive world a reality remains unwavering. We are driven by our mission to design, develop, and manufacture
specialized technology solutions to solve our customers most complex challenges Our diverse global workforce, made up of world-class talent, works diligently to embody our shared
purpose, our mission, and our core values in every interaction with our customers, our vendors, and our communities.
I am immensely proud of AMETEK’s nearly 95-year history as a public company and the positive Additionally, we have further integrated our environmental sustainability efforts into our Operational
Keyword: governance
upholding sound governance, protecting our environment, investing in our people, partnering
our sustainability ambitions. We are continually expanding our employee development, engagement,
with our communities, and driving sustainable product solutions.
and training initiatives to provide opportunities for our colleagues and help ensure we have the talent
in place to support AMETEK’s growth. With a continued focus on advancing diversity and inclusion
Upholding Sound Governance
across the company, the AMETEK Inclusion Council is helping to drive our commitment to fostering
Our commitment to sustainability is underpinned by our core values, which promote transparency, an inclusive and engaged workforce.
accountability, and responsible decision-making across AMETEK. Ad
Keyword: governance
ditionally, AMETEK’s governance
structure, including detailed oversight of compliance and risk management, underpins our distributed Investing in our people also means investing in their safety. In 2022,
operating structure and sustainability efforts. Together, they provide our colleagues with the foundation I am pleased to share that we achieved our lowest lost-time incident
to advance sustainability initiatives across their businesses. Driving sustainability is our responsibility rate on record and this rate is over 80% lower than the lost
as well as an opportunity to drive positive change for our customers, suppliers, partners, local workday industry average. This success is a testament to our
communities, and AMETEK colleagues everywhere. steadfast commitment to safe
Keyword: governance
2023 Sustainability Report 33Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Message from the Chairman and CEO continued
Partnering with Our Communities
Our commitment to creating a sustainable world extends beyond our facilities and into the local
communities where we operate. The AMETEK Foundation supports our employees’ charitable
efforts, helping amplify the impact we can make in our communities. AMETEK’s core values are
at the heart of the AMETEK Foundation and our colleagues put those values into action through
their commitment to giving back.
Driving Sustainable Product Solutions
Our growing portfolio of clean technology and sustainability-related solutions combines our nearly
95 years of industry-leading expertise with our commitment to advancing a low-carbon econom
Keyword: governance
2023 Sustainability Report 44Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Key Sustainability Highlights
Governance
6 3
th +
Named a "Champion of Formalized our Sustainability Named a “3+” company Aligned our disclosures with
Board Diversity" for the Leadership team to manage by 50/50 Women on international sustainability
6th year by the Forum of our sustainability efforts Boards for having three frameworks – the Sustainability
Executive Women for having and embed sustainability or more women on our Accounting Standards Board
30% or more women on our into our Operational Board of Directors. (SASB) and the Task Force
Board of Directors. Excellence initiatives on Climate-Related Financial
throughout the company. Disclosures (TCFD).
Environment
26 11 10
% % %
Reduced Scope 1
Keyword: governance
2023 Sustainability Report 55Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| About AMETEK
AMETEK is a leading global provider
of industrial technology solutions
with nearly 20,000 colleagues at over
170 operating locations and a global
network of sales, service, and support
locations in 30 countries around the
world. Founded in 1930, AMETEK
has been listed on the NYSE for
over 90 years and is headquartered
in Berwyn, Pennsylvania.
AMETEK is dedicated to our mission
to use differentiated technology
solutions to solve our customers’
most complex challenges.
2023 Sustainability Report 6Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| About AMETEK
AMETEK designs, develops, and manufactures differentiated technology solutions to solve our
Keyword: governance
2023 Sustainability Report 7Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| AMETEK's Shared Purpose, Mission, and Core Values
AMETEK remains committed to our shared purpose to make a safer, sustainable, and more productive world a reality and to our mission to use differentiated technology solutions
to solve our customers’ most complex challenges.
At the center of these efforts are our core values, guiding every decision we make as a global organization. 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, and investors, as well as the communities where we operate.
AMETEK’s global scale and business structure allow our colleague
Keyword: governance
YIntroduction About AMETEK Solutions Governance Environment People Communities Appendix
| The AMETEK Growth Model
The AMETEK Growth Model includes our four growth strategies – Operational Excellence, New Product Development, Global and Market
Expansion, and Strategic Acquisitions – along with a disciplined focus on cash generation, capital deployment, and talent development. This
asset-light business model has proven highly successful throughout economic cycles, providing consistent and sustainable growth for our
stakeholders, superior returns on capital, and outstanding total shareholder returns.
Operational Excellence
AMETEK’s cornerstone strategy plays a key role in helping us successfully navigate macroeconomic challenges and business cycles. With a keen focus
on cost and asset mana
Keyword: governance
2023 Sustainability Report 99Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| The AMETEK Growth Model and Financial Results
Our long-term, consistent performance and results reflect the quality of our market-leading businesses, the success of our organic growth initiatives, the proven strength and flexibility
of our Growth Model, and the tremendous efforts of all AMETEK colleagues.
Total Shareholder Return (growth of $100 over 20 Years, as of 6/30/23) Net Sales (in millions)
$3,500
$3,397
3,000
2,500
2,000
13 14 15 16 17 18 19 20 21 22
1,500
1,000
$678
$662
500
0
03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23
AMETEK, Inc S&P 500 Industrials S&P 500
2023 Sustainability Report 10
495,3$
151,6$
EBITDA (in millions)
13 14 15 16 17 18 19 20 21 22
619$
038,1$
Dilut
Keyword: governance
beginning 6/30/2003, including reinvestment of dividends.Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Improving Our Business Through Kaizens
AMETEK employs numerous continuous improvement events, or kaizens, which play a vital role in AMETEK's ongoing profitable
growth. Kaizens are collaborative experiences, bringing teams together to address opportunities, foster innovation, and drive
continuous improvement by goal-setting throughout the organization. Solartron ISA Carbon Capture
and Storage (CCS) Kaizen
Kaizens have become an integral part of our Growth Model and our businesses are seeing Actively driving As a leading global supplier of flow
tremendous benefits as they broaden their use and adoption. AMETEK’s growth kaizens focus measurement solutions, AMETEK
continuous improvement
on areas inclu
Keyword: governance
22002233 SSuussttaaiinnaabbiilliittyy RReeppoorrtt 11Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| AMETEK Internal Awards
Our colleagues are consistently collaborating to impart AMETEK's core values across the company, share best practices, improve operational performance, and build the best possible
solutions for our customers. To recognize these efforts each year, we bestow a series of awards that celebrate and inspire our teams around the world.
Elizabeth R. Varet AMETEK Helmut N. Friedlaender Dr. John H. Lux
Sustainability Award Innovation Award Award Award
This award highlights AMETEK’s focus This award recognizes our This award recognizes the AMETEK This award is presented to the
on sustainable business practices businesses’ efforts to develop and division that best demonstrates AMETEK tea
Keyword: governance
2023 Sustainability Report 12Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Our Approach to Sustainability
AMETEK is committed to creating a sustainable future for our company and all our stakeholders. The key elements of this sustainability approach, as summarized below, are embedded
within AMETEK’s core values and Growth Model.
Driving Sustainable Product Upholding Sound Protecting Our Investing in Our Partnering with Our
Solutions Governance Environment People Communities
Our portfolio of clean technology Our commitment to transparency, We are taking proactive We believe that our people are our We cultivate strong and lasting
solutions supports important accountability, and ethical and steps towards environmental greatest asset. Through strategic relationships with the
Keyword: governance
our customers, we develop values, corporate governance reducing our carbon footprint. employee well-being, we foster economic prosperity. Through
solutions which help reduce structure, compliance measures, From emissions reduction a culture of empowerment, employee volunteerism, financial
carbon emissions, promote and focus on sustainability oversight. initiatives to optimizing resource innovation, and inclusivity, support, and contributions from
renewable energy adoption, consumption, we emphasize driving our collective success the AMETEK Foundation, we
improve efficiency and productivity, environmental protection in and sustainable growth. partner to strengthen the work
and improve healthcare outcomes. every facet of our operations. of non-profit charities around
the world.
2023 Sustainabili
Keyword: governance
ty Report 13Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Solutions
AMETEK’s mission to develop differentiated
technology solutions to solve our customers’ most
complex challenges creates meaningful opportunities
for growth as new applications emerge.
Our portfolio of sustainability solutions includes a
wide range of products and solutions that have a
positive, global environmental impact across a broad
set of diverse end markets, supporting customers
in achieving their sustainability goals and creating
a more sustainable future.
Clean Energy Transition Resource Efficiency Electrification Aerospace Sustainability Advancing Healthcare
• Renewable Power • Emissions Monitoring • Electric Vehicle Solutions • Sustainable Aviation Fuels • Life Sciences Research
Keyword: governance
2023 Sustainability Report 14Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Clean Energy Transition
A more sustainable future means increased use of renewable energy sources like solar, wind, hydropower, and biofuels. The journey to get there requires a range of supporting systems and
infrastructure that all play a part in mitigating the effects of climate change. AMETEK is helping to support renewable energy expansion through a diversified portfolio of solutions designed
to develop, test, monitor, and support a wide range of clean energy solutions.
Renewable Power Generation, On-Site Renewable Clean Energy Research,
Transmission, and Distribution Energy Generation Development, and Production
Supporting efficient generation, Enabling clean, on-site energy generation Advanc
Keyword: governance
22002233 SSuussttaaiinnaabbiilliittyy RReeppoorrtt 1155Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Resource Efficiency
At AMETEK, we recognize the role we play in preserving the environment for future generations and in reducing the impact from operations. To help companies achieve their
sustainability targets and reduce our collective environmental footprint, AMETEK develops a wide range of solutions designed to maximize resource efficiency. Our broad portfolio
of test, measurement, and analytical instruments increases productivity, improves energy efficiency, reduces emissions, and reduces waste generation.
Emissions Monitoring and Controls Energy Efficiency Water Stewardship Waste Management
Detecting, monitoring, and controlling Improving energy efficiency and reducing Addressing water scarc
Keyword: governance
22002233 SSuussttaaiinnaabbiilliittyy RReeppoorrtt 1166Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Electrification
Electrification plays a vital role in decarbonizing many industries through the replacement of fossil-fuel-based technologies with efficient
electric-powered alternatives. Once systems are electrified, they can be powered with low-carbon electricity sourced from renewables,
thereby reducing emissions. AMETEK’s solutions provide the expertise and infrastructure to support the global transition from fossil fuels
to more renewable sources.
EV-Ready Grid Management
Electric Vehicle (EV) Solutions Battery Technology and Infrastructure
Supporting rapid growth in the EV industry. Enhancing battery performance Expanding reliable, resilient, and
and storage capabilities. agile electric vehic