A Word from the CEO

Sustainable development is critical in protecting environmental, social and economic health and vitality and ensuring the long-term success of our company. A sustainable mindset helps us make the right decisions for our customers, employees, suppliers, shareholders, and the communities in which we operate.

Dear Stakeholders,

I am pleased to present our Corporate Responsibility Report for 2024, a testament to our unwavering commitment to sustainable growth. Our responsible business practices benefit all stakeholders—including shareholders, employees, customers, partners, and the communities we serve.

Fifteen years ago, we launched our GreenMT Corporate Program, which continues to drive our sustainability efforts and has become a core aspect of our operations. I am proud of the numerous ways in which our engaged teams and individuals are advancing sustainability throughout the organization, and their commitment to our GreenMT goals is crucial to our success.

In 2024, we once again achieved our targets for 100-percent renewable electricity sourcing and carbon-neutral operations and made another leap toward our 2025 zero-waste-to-landfill goal. We increased the adoption of electric vehicles in our fleet, though we needed to adjust our 2030 target for the share of electric vehicles due to challenges in various markets. Our Business Units have made strides in incorporating sustainability into both new and existing products, including objectives related to sustainable packaging and the transition from print to digital for manuals and other product documents. Our supply chain organization has also enhanced supplier engagement and transparency to meet new regulatory requirements.

A highlight of this year has been the focus on employee engagement and corporate culture. This has resulted in recognition through several employer awards and a historic low in voluntary attrition rates across the Company.

I am excited to share more details of our achievements and ongoing commitments in this report. As we navigate the complexities of the business environment, we remain dedicated to continuous improvement, striving to create a positive and lasting impact for a healthier, more sustainable tomorrow.

Sincerely,

Patrick K. Kaltenbach 
President and Chief Executive Officer 

April 2025