exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: governance
22002233 SSuussttaaiinnaabbiilliittyy RReeppoorrtt 1177Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Aerospace Sustainability
Understanding the need to reduce aviation-related emissions, leading consortiums within the global aviation industry have committed to achieving net-zero emissions by 2050. To support
the industry's decarbonzation efforts, AMETEK's aerospace businesses are pioneering the next generation of sustainable aviation solutions that will drive a more efficient, low-carbon future
for air transportation.
Sustainable Aviation Fuels Fuel Efficiency Maintenance, Repair, and Overhaul (MRO)
Enhancing aircraft efficiency and reducing Advancing aerospace sustainability through Ensuring aircraft longevity and improved
overall carbon footprint through the optimized design capabilities, precis
Keyword: governance
22002233 SSuussttaaiinnaabbiilliittyy RReeppoorrtt 1188Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Advancing Healthcare
Technology-driven innovations are leading to significant improvements in health and wellness through access to data, digital health solutions and advanced laboratory capabilities.
As a leading healthcare technology provider, AMETEK is improving medical outcomes through a wide range of products and our supporting technical expertise.
Life Sciences Research Advanced Medical Equipment Critical Communications
Developing technologies that support Driving advancements in medical Improving access to data and secure
life sciences research, advanced equipment that help enable positive information-sharing to get patients and
laboratory equipment, data analysis healthcare outcomes. doctor
Keyword: governance
22002233 SSuussttaaiinnaabbiilliittyy RReeppoorrtt 1199Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Governance
At AMETEK, we believe that
sound corporate governance
is key to enabling responsible
decision-making, accountability
and public trust.
AMETEK’s Corporate Governance
Guidelines outline the various policies
and procedures that ensure the
highest level of governance by
our Board of Directors.
2023 Sustainability Report 20Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Corporate Governance Structure
Our Board of Directors is made up of nine members, including three women, with a diverse set of backgrounds and skill sets. We prioritize
transparency and accountability by ensuring that our Board consists of an independent majority. Our Board members are
Keyword: governance
carefully selected Corporate Governance Highlights
and evaluated to ensure that they bring a diverse range of perspectives and expertise to the table. The Board holds four regularly scheduled
meetings each year with special meetings held as necessary.
• All directors are independent with the
exception of the Chairman and CEO.
• Regular executive sessions of
independent directors.
• Lead independent director chairs meetings
of the independent directors and is a liaison
between the independent directors and the
Chairman and CEO.
• Independent, experienced committee chairs.
• Proxy access for director nominations for a single
shareholder or a group of up to 20 shareholders
owning at least 3% of our common stock for at
least three years.
• All Audit Committee members have financial
Keyword: governance
Audit Committee Compensation Committee Corporate Governance/ • Executive compensation is benchmarked annually
Nominating Committee (GNC) by a third party and does not promote excessive
Has sole authority to retain and evaluate Establishes compensation arrangements risk-taking.
our independent auditors. Oversees various and incentive goals for key employees. Evaluates, recommends, selects,
• Annual Board self-evaluation process.
aspects related to auditing and financial Reviews and monitors management and oversees the Board of Directors
• All stockholders have equal voting rights.
reporting, and to risk generally. development and succession plans. and Committees. Additionally, the GNC
Periodically reviews compensation oversees management’s sustainability
Additional details on the Board and its Commi
Keyword: governance
of non-employee directors. efforts, our Corporate Governance
can be found in our 2023 Annual Proxy Statement
Guidelines, and our Code of Ethics and at investors.ametek.com.
and Business Conduct.
2023 Sustainability Report 21Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Board Diversity
We are committed to diversity across AMETEK, including for our Board of Directors. We Board Diversity Awards
have been recognized by numerous organizations, including 50/50 Women on Boards and
the Forum of Executive Women, for our Board diversity. We are pleased to have welcomed
two new members to our Board of Directors in 2022 — Dean Seavers and Suzanne Stefany. 50/50 Women on Boards™ named
AMETEK a “3+” company for having three
or more women on its Board of Directors.
Dean i
Keyword: governance
expertise in finance and governance
AMETEK as a "Champion of Board
and a focus on sustainability initiatives. Diversity" for the 6th year. Founded in
1977, The Forum of Executive Women is a
Dean Seavers Suzanne Stefany
membership organization of more than 600
women of significant influence across the
Greater Philadelphia region.
Board Demographics
Tenure (years) Diversity (gender) Diversity (race/ethnicity)
11%
33% 22% 33%
67%
45% 89%
< 4 Yrs. 5-10 Yrs. 10+ Yrs. Male Female Non-Diverse Diverse
2023 Sustainability Report 2222Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Risk Management | Cybersecurity
AMETEK’s Audit Committee has primary responsibility for risk management oversight, while AMETEK’s cybersecurity risk management practi
Keyword: governance
22002233 SSuussttaaiinnaabbiilliittyy RReeppoorrtt 23Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Sustainability Governance and Oversight
AMETEK’s governance and risk management structure provides oversight of Sustainability Oversight
environmental and climate-related risks and opportunities, ensuring accountability
and progress. With sustainability oversight at the Board level combined with a
cross-functional team managing sustainability strategy implementation, we
Board of Directors
ensure comprehensive governance and integration of sustainable practices
Oversight of overall risk, with an emphasis on strategic risk
into our operations.
AMETEK places a strong emphasis on sustainability in our operations and decision-making
processes. We have established a dual approach with Board-level oversig
Keyword: governance
Audit Compensation Corporate Governance/
Committee Committee Nominating Committee
Our Corporate Governance/Nominating Committee oversees sustainability-related matters.
Oversight of risk Oversight of Oversight of governance and
The Committee ensures that our business practices align with our values and comply with
management, including compensation-related management’s environmental
relevant regulations and guidelines. This Committee has primary responsibility for overseeing cybersecurity matters and social efforts
environmental and climate-related risks for the company and reports regularly to the full
Board of Directors.
AMETEK’s Sustainability Leadership Team manages and implements our sustainability
strategies, monitors regulatory changes, and collaborates with our businesse
Keyword: governance
For additional details on AMETEK’s approach to climate-related governance sustainability strategy
and risk management, see AMETEK's TCFD Disclosure starting on page 51.
2023 Sustainability Report 24Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| 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 th
Keyword: governance
See the Corporate Governance section of our specific training related to various risks associated with the business.
website for a comprehensive list of policies.
All employees who interact with vendors or customers, or who have access to financial records,
are required to annually certify their training and compliance with key AMETEK policies including
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 beli
Keyword: governance
2023 Sustainability Report 2266Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Environment
At AMETEK, we recognize the
positive impact we can make on
society and are committed to helping
create a sustainable future. We focus
on ensuring that our businesses
operate responsibly to minimize their
environmental impact and reduce our
overall environmental footprint.
2023 Sustainability Report 27Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Environmental Management
AMETEK is committed to reducing our environmental footprint and helping create a sustainable future. Our businesses are implementing a variety of initiatives to help reduce our overall
environmental impact. As an organization, we have established a greenhouse gas (GHG) emissions
Keyword: governance
2023 Sustainability Report 222888Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Environmental Compliance Training and Reporting
At each manufacturing location, employees undergo regular training on various environmental, health, and safety topics that are relevant to their specific site operations. The training
covers a wide range of areas including chemical safety, hazardous waste management, emergency response, and personal protective equipment, among others. By providing comprehensive
training, we aim to ensure that our employees are knowledgeable about potential hazards and are equipped with the necessary skills to prevent accidents and incidents from occurring.
To facilitate effective communication regarding environmental, health, and safety topics, we hold
quarterly meet
Keyword: governance
22002233 SSuussttaaiinnaabbiilliittyy RReeppoorrtt 29Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Taking Climate Action
Climate Goals and Strategy
We recognize the importance of addressing
We are committed to reducing our carbon footprint and have set a goal to reduce
climate change and are taking significant
our combined Scope 1 and Scope 2 greenhouse gas emissions by 40%, normalized
to sales, by 2035, from a 2019 baseline.
steps to achieve our GHG reduction goal.
Our Approach to Decarbonizing Our Operations:
Efficiency and Strategic Renewable Electrifying New and Emerging
Optimization Energy Procurement Our Operations Technologies
As part of our broader approach to We are increasing the amount of electricity Another key driver further helping We are investing in clean technology
Operational E
Keyword: governance
22002233 SSuussttaaiinnaabbiilliittyy RReeppoorrtt 3300Introduction About AMETEK Solutions Governance Environment People Communities Appendix
Greenhouse Gas (GHG) Inventory Progress on GHG Emissions Scope 3 Emissions
Intensity Target
AMETEK’s GHG inventory covers emissions As part of our commitment to continuous
from all sites under operational control. We have made significant progress improvement in sustainability, we are working
Scope 1 and 2 emissions are calculated towards our GHG reduction goal. In 2022, towards addressing Scope 3 emissions. While
in accordance with the Greenhouse Gas our combined Scope 1 and 2 market-based we do not currently report on Scope 3, we
Protocol developed by the World Resources emissions were 101,800 metric tons (MT) recognize the importance of these emissions.
Institute (WRI) and the World Business of CO
Keyword: governance
* Combined Scope 1 and Scope 2 greenhouse gas emissions, normalized to salesIntroduction About AMETEK Solutions Governance Environment People Communities Appendix
| Reducing Our Operational Impact
Energy Management Energy Efficiency Initiatives
We are committed to reducing the
environmental impact of our operations.
Our comprehensive energy management
approach combines Operational Excellence
and strategic sourcing of renewable
electricity. These complementary strategies
Investing in On-Site Improving Our Expanding Our Electric
work in tandem to reduce our environmental
Renewable Energy Generation Energy Efficiency Vehicle Fleet and Infrastructure
impact and drive significant progress towards
sustainability objectives.
Our total energy use in 2022 was 352.3m kilowatt
An important part of our efforts We have various initiatives underway Over the past two years,
Keyword: governance
2023 Sustainability Report 32Introduction About AMETEK Solutions Governance Environment People Communities Appendix
Waste Management
Over the past two years, we implemented various initiatives aimed at reducing waste
and improving our recycling efforts. These include our Operational Excellence program,
which focuses on reducing waste throughout our operations, with a particular focus
on hazardous waste management and reduction. We have also increased employee
awareness and improved waste separation and sorting so that all waste is handled and
disposed of properly through our corporate EHS Environmental Management System
governance process.
To further improve our waste management processes, we continually monitor our operations to
identify areas for improvement and explore new initiatives. Our facilities are requir
Keyword: governance
2023 Sustainability Report 33Introduction About AMETEK Solutions Governance Environment People Communities Appendix
Water Management
At AMETEK, we are dedicated to implementing sustainable water management practices.
While our manufacturing processes do not utilize large volumes of water, we understand
Xeriscaping Our Land
the importance of monitoring and reporting our water usage data regularly to identify
areas for improvement and minimize consumption.
AMETEK Brookfield’s headquarters in
Middleborough, MA, is driving down water usage
We have implemented several initiatives aimed at reducing water withdrawal and improving
and improving its overall environmental footprint
the efficiency of water use. Our plant engagement includes upgrading fixtures, using low-flow
through smart landscaping designs. In recent years
Keyword: governance
22002233 SSuussttaaiinnaabbiilliittyy RReeppoorrtt 34Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Elizabeth R. Varet Sustainability Award
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
Recent Award Winners
company’s best environmental sustainability projects and promotes healthy competition
in driving sustainability improvements.
AMETEK AEM won the 2021 award for The Sustainability Team at AMETEK
its Vacuum Evaporation of Hazardous Engineered Interconnect and Packaging
Waste Effluent. By addressing effluent, or (EIP) won the 2022 award by employing
wastewater, that could potentially flow into various methods including benchmarking
The award is named after Elizabeth R. Vare
Keyword: governance
governance, so this award is a very fitting tribute to her legacy.
communities depend on. The team at AEM highlighted an opportunity at its Sealtron
installed a closed-loop evaporation and plant. Sealtron now recycles wastewater
Projects eligible for the award must achieve improvements in one or more of the following
reverse osmosis system to reuse effluent. treatment sludge, thereby diverting over
areas: energy efficiency, carbon emissions reduction, waste management improvements,
This project resulted in a $2.6 million cost 12,000 pounds of sludge from going
such as hazardous waste reduction, scrap reduction, and waste reuse or recycling, and water
avoidance to dispose of the hazardous into a landfill each year. Another area
conservation. Projects
Keyword: governance
2023 Sustainability Report 35Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| People
As a global organization, AMETEK
has seen firsthand that the innovation
needed to solve our customers’
biggest challenges can only come
from employees who are fully
engaged and committed, and
who have diverse perspectives
and backgrounds.
2023 Sustainability Report 36Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Diversity and Inclusion
Building an Inclusive Culture AMETEK recognizes
that sustainable
We understand the importance of developing a diverse and inclusive culture where
everyone feels comfortable sharing their thoughts, ideas, and perspectives. Diverse and
growth relies on
inclusive behavior drives innovation, growth, and greater opportunit
Keyword: governance
Introduction About AMETEK Solutions Governance Environment People Communities Appendix
Strengthening Workforce Diversity
We believe that diversity and inclusion are critical for our continued growth, and seek to advance diversity in our workforce. Our approach to diversity and inclusion spans the entire employment
lifecycle, which includes talent acquisition, learning and development, and retention and engagement.
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Keyword: governance
employee lifecycle.Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Safeguarding Human Rights
Human Rights Policy
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 reflected in the AMETEK Code of Ethics and Business Conduct. Two key areas that guide our
Human Rights Policy are Human Trafficking and Child Labor, and Anti-Discrimination.
Human Trafficking and Child Labor
AMETEK is committed to ensuring our operations and supply chain are free of slavery and human
trafficking. As stated in our Salient Human Rights Issues statement, suppli
Keyword: governance
2023 Sustainability Report 3399Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Human Capital Management
Our Board regularly receives updates and presentations on key topics, including
sustainability, compliance, diversity and inclusion, and employee development and
succession. Our executive management team reviews the key talent across our company
and assesses the adequacy of talent to meet business challenges and future growth needs.
We understand that our colleagues are our greatest asset and focus on treating all employees
with 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.
| Talent and Development
Talent Acquisition
Keyword: governance
2023 Sustainability Report 40Introduction About AMETEK Solutions Governance Environment People Communities Appendix
Employee Development Programs
AMETEK has designed programs to develop and prepare our employees for future leadership roles. The following programs are accessible to employees globally.
AMETEK University Financial Management Program (FMP) / Leadership Development Program Other programs include Finance for
Engineering Management Program (EMP) and Third-Party Assessments Non-Financial Managers, Apprenticeship
This program allows business managers and
and Internship Program, Global Mentoring
employees nominated by their leadership These programs offer recent graduates from AMETEK partners with one of the world’s
Program, Third Party Executive Coaching,
teams to learn about AMETEK’s history, various fina
Keyword: governance
2A0M23E STuEstKain Uabniliitvy eRrespoitryt 4411Introduction About AMETEK Solutions Governance Environment People Communities Appendix
Retention and Engagement
We strive to create a culture of inclusion and belonging where everyone feels valued
and supported. We recognize the importance of retaining diverse talent and fostering
an environment that encourages engagement and growth for all employees.
We are committed to providing equal opportunities and fair treatment to all individuals, regardless
of their background or identity, and promoting a workplace where everyone can thrive and achieve
their full potential. Our efforts in retention and engagement reflect this commitment. By listening to
our employees and incorporating their feedback, we have implemented policies and programs that
support diversity and inclusion, including ment
Keyword: governance
22002233 SSuussttaaiinnaabbiilliittyy RReeppoorrtt 42Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Employee Benefits and Well-Being
AMETEK focuses on the overall well-being of our employees by providing a comprehensive range of competitive non-compensation benefits tailored to support them in various aspects of
their lives. These benefits may vary by country, business unit, and work location.
Comprehensive Medical Coverage Retirement Savings
Our healthcare package includes healthcare, dental, vision, short-term AMETEK contributes to employee retirement savings through statutory
disability, and long-term disability coverage. It ensures that employees and and supplemental programs which vary by country. AMETEK also provides
their families have access to medical services and financial protection in
Keyword: governance
2023 Sustainability Report 43Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Workplace Health and Safety
AMETEK takes the health and safety of our employees very seriously. Our ultimate goal is
zero accidents in the workplace. Every member of our leadership team is responsible for
enforcing health and safety standards.
126 AMETEK sites experienced
Our safety focus enables a sustainable workforce for today and the future. We are very pleased with
our results and improvements, both overall and as benchmarked against industry standards. Our
zero lost time incidents in 2022.
Lost Workday Incident Rate has steadily decreased over the years. 2022 was our lowest lost-time
incident rate on record and is over 80% below the industry average. We continue to maintain
an excellent track
Keyword: governance
2023 Sustainability Report 4444Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Communities
Established in 1960, the AMETEK
Foundation is AMETEK's charitable
giving arm. It empowers our
employees to make a positive
impact in their local communities
through their volunteerism and
financial contributions to help
make the world a better place.
Through the AMETEK Foundation
and our colleagues' worldwide
efforts, we aim to drive a greater
purpose for our company and
improve the communities in
which we work and live.
The AMETEK Foundation supported
non-profit Learn Fresh’s Math Hoops
event, where AMETEK Vision Research
demonstrated its Phantom high-speed
cameras to students.
2023 Sustainability Report 45Introduction About AMETEK Solutions Governance Environment People Communities Ap
Keyword: governance
2023 Sustainability Report 46Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Our Positive Impact on Communities
Throughout AMETEK's history, we’ve committed to making the world a better place through the products we innovate and the communities we serve.
For these stories and
This dedication to making a positive impact is ingrained in our DNA, and it is our people who bring the AMETEK Foundation's mission to life. From
many more, please see
donating to food pantries and fundraising for life-saving research, to volunteering to maintain nature preserves, to ensuring more diversity in the next
the Our Stories section
generation of STEM innovators, the AMETEK Foundation empowers our businesses and colleagues to support over 150 charitable organizations around
of our website.
th
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Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Appendix
2023 Sustainability Report 48Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Sustainability Accounting Standards Board (SASB) Disclosure
Introduction
The SASB Standards identify industry-specific sustainability risks and opportunities and provide associated metrics that can be used to measure, manage, and communicate sustainability performance in
a consistent, comparable, and reliable way. We have consolidated the SASB disclosure topics that are relevant to our business in this SASB report to make it easier for our stakeholders to access our financially
relevant sustainability information. AMETEK has utilized the industry-specific sustainability acc
Keyword: governance
2023 Sustainability Report 49Introduction About AMETEK Solutions Governance Environment People Communities Appendix
DISCLOSURE TOPIC continued SASB CODE METRIC AMETEK RESPONSE
PRODUCT LIFECYCLE MANAGEMENT
RT-EE-410a.1 Percentage of products by revenue that AMETEK’s supply agreements require that material purchased by AMETEK will not contain any substances included on the RoHS
contain IEC 62474 declarable substances 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, Not applicable. At this time, ENERGY STAR® criteria have limited applicability given our business-to-business focus.
that meet ENERGY STAR® criteria
RT-EE-410a.3 Revenue from renewable energy-related Currently, AMETEK does not
Keyword: governance
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 actions around climate governance, strategy, risk management, and metrics and targets in line with the recommendations of the TCFD.
We plan to update this report in the future as we make progress and new information becomes available.
GOVERNANCE
Disclose the organization’s governance around climate-related risks and opportunities.
a) Describe the Board’s oversight of I
Keyword: governance
climate-related risks and opportunities. 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 climate-related activities.
AMETEK and our Board of Directors are committed to legal, regulatory, and environmental compliance. To support this framework, management has developed a robust set of internal policies and
procedures, which are made available to all employees to help monitor and manage compliance across our enterprise.
b) Describe management’s role in assessing Our Enterprise Risk Management (ERM) Committee, composed of senior executives, including the Chairman and Chief Executive Officer, the Chief Financial Officer, the Chief Administrative Officer, and
and managing climate-related risks and the Group Presidents, reviews our enterprise risks. The Committee
Keyword: governance
other things, strategic, operational, human capital, SEC reporting, compliance, cyber, reputational, and sustainability and environmental, social, and governance, including climate-related risks. The ERM
process includes evaluation of the time frame which the enterprise risk may impact. For example, the team considers both current and future impacts of natural 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 process manages business opportunities, including climate-related opportunities.
STRATEGY
Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is mater
Keyword: governance
opportunities the organization has identified 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,
over the short, medium, and long term. but are not limited to:
∙ Business Continuity Planning ∙ Environmental and Climate-Related Risk ∙ Pandemic Risk
∙ Country Concentration Risk ∙ Geopolitical Risk ∙ Product and Technology Risk
∙ Cybersecurity ∙ Global Sourcing and Supply Chain Risk ∙ Natural Disaster Response
∙ Talent
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. Our ERM Committee performs a
robust risk management review of enterprise risks, utilizing a weighted quantitative tool focusing on probability, time to impact, severity, and management effectiveness to
Keyword: governance
2023 Sustainability Report 51Introduction About AMETEK Solutions Governance Environment People Communities Appendix
STRATEGY continued
Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material.
TYPE CLIMATE-RELATED RISKS AMETEK RESPONSE
Transition Risks Policy and Legal We do not forecast that enhanced emissions-reporting obligations and potentially mandated reductions and decarbonization requirements will have a
∙ Enhanced emissions-reporting obligations material impact on our company. While the timing and magnitude of climate-related regulatory drivers vary across the geographies in which we operate,
∙ Mandates on and regulation of existing our approach to managing climate-related tran
Keyword: governance
2023 Sustainability Report 52Introduction About AMETEK Solutions Governance Environment People Communities Appendix
STRATEGY continued
Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material.
b) Describe the impact of climate-related risks and Our strategic planning process, which includes robust financial planning, is implemented within each AMETEK business. This comprehensive process evaluates market attractiveness and our
opportunities on the organization’s businesses, competitive positioning across our niche markets. Climate-related risks and opportunities are addressed through this strategy planning process and are integrated in our acquisition candidate process.
strategy and fina
Keyword: governance
operational, financial, human capital, and compliance. The Governance/Nominating Committee of AMETEK’s Board of Directors has primary responsibility for overseeing environmental and climate-related
risks for the company.
b) Describe the organization’s processes for 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
managing climate-related risks. 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 eva
Keyword: governance
2023 Sustainability Report 53Introduction About AMETEK Solutions Governance Environment People Communities Appendix
METRICS AND TARGETS
Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material.
a) Disclose the metrics used by the AMETEK tracks the following metrics relevant to climate-related risks and opportunities:
organization to assess climate-related
risks and opportunities in line with its Topic 2019 2020 2021 2022
strategy and risk management process.
GHG Emissions (Metric Tons COe) Total Scope 1* 28.4k 25.6k 26.8k 27.0k
2
Total Scope 2 (Location-Based) 92.6k 81.4k 77.9k 76.9k
Total Scope 2 (Market-Based) 98.5k 84.5k 81.4k 74.8k
Total Scope 1 and 2 (Location-Based) 121.0k 107.0k 104.7k 103.9k
Total Scope 1 and 2 (Market-Ba
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2023 Sustainability Report 54Introduction About AMETEK Solutions Governance Environment People Communities Appendix
| Environmental Data | Health and Safety Data
Topic 2019 2020 2021 2022 Health and Safety 2019 2020 2021 2022
GHG Emissions (Metric Tons COe) Fatalities
2
Total Scope 1* 28.4k 25.6k 26.8k 27.0k Employees 0 0 0 0
Total Scope 2 (Location-Based) 92.6k 81.4k 77.9k 76.9k Contractors 0 0 0 0
Total Scope 2 (Market-Based) 98.5k 84.5k 81.4k 74.8k Lost Workday Incident Rates 0.29 0.20 0.20 0.19
Total Scope 1 and 2 (Location-Based) 121.0k 107.0k 104.7k 103.9k
Total Scope 1 and 2 (Market-Based) 126.9k 110.1k 108.2k 101.8k
Energy (Kilowatt Hours)
Total Energy Usage 362.6m 338.8m 346.5m 352.3m
From Renewable Sources 20.2m 18.5m 18.9m 27.8m
From Non-Renewable Sources 342.4m 320.3m 327.6m 324.5m
Electricity (Kilowat
Keyword: bribe
the Foreign Corrupt Practices Act (FCPA) and anti-bribery laws. Ethics- and compliance-related matters are important to American Tower
customers, employees, regulators and stockholders.
While FCPA and anti-bribery compliance are the responsibility of all Company employees, and are covered under our Code of Conduct,
ultimate responsibility for this topic resides with the American Tower legal and HR teams, either at the corporate or market level. Reports of
potential or perceived noncompliance or misconduct can be made by reaching out to our Ethics Committee, local HR department, management
or local legal department, or by using a third-party-administered confidential website or hotlines. Bribery and corruption risks are also
identified and assessed using our established enterprise risk management
Keyword: corruption
The American Tower material topic “Ethics, Regulatory Compliance and Accountability” corresponds to the GRI Standards “205: Anti-corruption” and “206: Anti-competitive
Behavior.”
GRI 3: Material Topics 2021
3-3 Management of material topics It is a foundational value for American Tower to operate in an ethical and legally compliant manner. American Tower follows the provisions of
the Foreign Corrupt Practices Act (FCPA) and anti-bribery laws. Ethics- and compliance-related matters are important to American Tower
customers, employees, regulators and stockholders.
While FCPA and anti-bribery compliance are the responsibility of all Company employees, and are covered under our Code of Conduct,
ultimate responsibility for this topic resides with the American Tower legal and HR teams, either at the corporate or market level. Reports of
potential or perceived noncompliance or miscon
Keyword: corruption
or local legal department, or by using a third-party-administered confidential website or hotlines. Bribery and corruption risks are also
identified and assessed using our established enterprise risk management framework.
At the heart of our ethics and integrity program is our comprehensive Code of Conduct, which covers a wide range of topics related to
responsible operations, including a safe work environment, accurate and complete record-keeping, conflicts of interest, integrity in the
marketplace, data privacy and security, and policies against retaliation.
Our integrity and compliance policies:
• Anti-Harassment and Anti-Discrimination Policy
• Anti-Insider Trading Policy
• Business Travel and Entertainment Policy
• Code of Ethics and Business Conduct Policy
• Communications Policy
• Confidentiality Agreement
• Electronic Communication Policy
• Global Huma
Keyword: corruption
GRI 205: Anti-corruption 2016
205-1 Operations assessed for risks All markets are assessed for risks related to corruption before entering the market and then on an ongoing basis as part of the Company’s
related to corruption annual fraud risk assessment process. The results and identified risks are presented to the Audit Committee, along with the planned internal
audits that address those risks.
205-2 Communication and training Our commitment to ethical, high-quality operations is reflected in our governance practices, starting with the actions of our Board and
about anti- corruption policies leadership, cascading through all levels of the organization and permeating across all markets. All employees are introduced to the Code of
and procedures Conduct upon hire
Keyword: tax
leaders from sustainability, tax, information technology, legal, diversity, equity and inclusion (DEI), public affairs, energy and
platform extensions. The GSC’s efforts resulted in the securing of initial and ongoing global support for our commitments to the
United Nations Global Compact (UNGC) and the United Nations Women’s Empowerment Principles (UN WEPs), and enhanced
global data governance practices related to our material topics, enabling better progress tracking and identification of
improvement opportunities.
2-15 Conflicts of interest The Nominating Committee reviews and approves all related party transactions for potential conflicts of interest and will
prohibit such a transaction if it determines it to be inconsistent with the interests of the Company and its s
Keyword: tax
• Tax and economic contribution
3-3 Management of material See the topic-specific disclosures below.
topics
American Tower | 2023 Sustainability ReportTopic-Specific Disclosures
Environment
Climate Change Mitigation
The American Tower material topic “Climate Change Mitigation” corresponds to the GRI Standards “302: Energy” and “305: Emissions.”
GRI 3: Material Topics 2021
3-3 Management of material At American Tower, we are committed to reducing our environmental impact through strategic initiatives aimed at lowering energy
topics consumption and associated greenhouse gas (GHG) emissions. Our approach is focused on 1) improving energy efficiency, 2)
procuring and deploying renewable energy, and 3) implementing advanced energy storage solutions.
Keyword: tax
carbon taxes. Our total number of LIBs is now more than 80,000 at almost 22,000 sites, with approximately 850 MWh of capacity.
Transition to Cleaner Fuel Options
We are progressing in our transition away from traditional diesel by adopting cleaner alternatives. For instance, in Kenya, we
substituted 30% of our diesel fuel with a 20% biodiesel blend in 2023, following a successful proof of concept that yielded an
approximately 16% reduction in GHG emissions compared to traditional diesel. This initiative is crucial for ensuring nearly 100%
uptime at our communications sites, which often rely on generators due to unreliable electric grid infrastructure. Using biodiesel not
only helps reduce our GHG emissions in the short term but also aligns with our ong
Keyword: tax
Tax and Economic Contribution
The American Tower material topic “Tax and Economic Contribution” corresponds to the GRI Standard “201: Economic Performance.”
GRI 3: Material Topics 2021
3-3 Management of material topics The members of the American Tower senior leadership team, who are overseen by the Board, are the most senior policymakers in the
organization, and they set the tone and business priorities for the Company, including its financial goals and strategies. Financial goals are
monitored on an ongoing basis by all levels of management in the organization through financial performance goals, quarterly targets, and
annual revenue and profitability goals. Financial results are released on a quarterly basis through earnings releases.
As a
Keyword: tax
responsible corporate citizen, we understand the importance of paying our taxes fairly and transparently across the global company. We
comply with the tax requirements in every jurisdiction we operate in and ensure oversight and governance of tax matters through rigorous
internal review procedures, including oversight by the Audit Committee.
GRI 201: Economic Performance 2016
201-1 Direct economic value Mobile connectivity serves as a crucial platform for economic development and life-enhancing services, providing billions of people with
generated and distributed access to digital information and transforming industries worldwide. At American Tower, we play a significant role in enabling mobile
connectivity and the positive contribution it makes to local and national economies. We are focused on continuing to enhance
Keyword: tax
alignment with our public policy goals. The Board also regularly reviews our participation in trade associations and other tax-exempt
organizations that engage in lobbying to determine whether our involvement is consistent with the Company’s business objectives.
American Tower | 2023 Sustainability Report
Keyword: governance
2-9 Governance structure See the GRI disclosure related to Board Oversight, the Task Force on Climate-related Financial Disclosures Index and the
and composition American Tower Corporate Governance webpage.
2-10 Nomination and We are committed to ensuring our Board is composed of Directors who bring a wealth of leadership experience, diverse
selection of the highest viewpoints, knowledge and skills that benefit our Company and stockholders. See the Corporate Governance section in the 2024
governance body Proxy Statement for more information on the criteria used for nominating and selecting Board members.
2-11 Chair of the highest Pamela D. A. Reeve is our Independent Chairperson of the Board and holds no senior executive roles. See the Corporate
governan
Keyword: governance
ce body Governance section in the 2024 Proxy Statement.
2-12 Role of the highest See the GRI disclosure related to Board Oversight and the Corporate Governance section in the 2024 Proxy Statement.
governance body in
overseeing the
management of impacts
2-13 Delegation of Our Board and management regularly work together to drive forward our initiatives. See the Corporate Governance and the
responsibility for Compensation and Other Information Concerning Directors and Officers sections in the 2024 Proxy Statement.
managing impacts
2-14 Role of the highest The Nominating and Corporate Governance Committee’s (Nominating Committee) charter includes direct oversight of our
governance body in sustainability programs, policies and reporting.
sustainability reporting
Keyword: governance
global data governance practices related to our material topics, enabling better progress tracking and identification of
improvement opportunities.
2-15 Conflicts of interest The Nominating Committee reviews and approves all related party transactions for potential conflicts of interest and will
prohibit such a transaction if it determines it to be inconsistent with the interests of the Company and its stockholders. See the
Corporate Governance section in the 2024 Proxy Statement.
2-16 Communication of See the GRI disclosure related to Ethics, Regulatory Compliance and Accountability.
critical concerns
2-17 Collective knowledge of See the Corporate Governance section in the 2024 Proxy Statement.
highest governance body
American Tower | 2023 Sustainability Report
Keyword: governance
performance of the three standing committees. See the GRI disclosure related to Board Oversight and the Corporate Governance section in the
highest governance body 2024 Proxy Statement.
2-19 Remuneration policies See the Corporate Governance and the Compensation and Other Information Concerning Directors and Officers sections in the
2024 Proxy Statement.
2-20 Process to determine See the Corporate Governance and the Compensation and Other Information Concerning Directors and Officers sections in the
remuneration 2024 Proxy Statement.
2-21 Annual total The ratio of annual compensation for our CEO to our median employee is 329 to 1. See the Compensation and Other Information
compensation ratio Concerning Directors and Officers section in the 2024 Proxy Statement.
2-22 Statement on See the Letter From Our President and CEO and Our Approach to Sustainability section
Keyword: governance
negative impacts Safety and Physical Security and the American Tower Corporate Governance webpage for additional information on grievance
mechanisms.
2-26 Mechanisms for seeking See the GRI disclosures related to Stakeholder Engagement and Ethics, Regulatory Compliance and Accountability and the
advice and raising American Tower Corporate Governance webpage for additional information on grievance mechanisms.
concerns
2-27 Compliance with laws In 2023, there were no significant fines or nonmonetary sanctions for noncompliance with laws and/or regulations.
and regulations
2-28 Membership See the American Tower Public Policy webpage for a listing of our memberships.
associations
2-29 Approach to stakeholder See the GRI disclosure related to Stakeholder Engagement and the Corporate Governance section in the 2024 Proxy Statement.
en
Keyword: governance
our three pillars of Environment, Social and Governance.
3-2 List of material topics • Climate change mitigation
• Land stewardship
• Waste management
• Water management
• Emergency and disaster response
• Occupational health and safety
• DEI
• Physical security
• Talent recruitment, development and retention
• Community engagement and philanthropy
• Reliable and inclusive connectivity
• Cybersecurity
• Ethics, regulatory compliance and accountability
• Board oversight
• Stakeholder engagement
• Tax and economic contribution
3-3 Management of material See the topic-specific disclosures below.
topics
American Tower | 2023 Sustainability ReportTopic-Specific Disclosures
Environment
Climate Change Mitigation
The American Tower material topic “Climate Change Mitigation” corresponds to the GRI Stand
Keyword: governance
405-1 Diversity of governance bodies In early 2022, American Tower adopted the UN WEPs as part of our goal to promote gender equality and women’s empowerment in the
and employees workplace and community, and we have facilitated several partnerships, programs and initiatives to enhance opportunities for women leaders.
For example, our global employee resource group, Women & Allies of American Tower Climb Higher (WAATCH), aims to cultivate an
environment that supports and empowers women on their career journeys at American Tower through mentorship, professional development
and social connection.
American Tower is proud to have made progress on the development and promotion of women in our workforce. In 2023, approximately 30% of
our workforce identified as women; however