... ...

CEO LETTER

...

MESSAGE
FROM OUR CEO

At Lincoln Electric, our purpose is to operate by a higher standard to build a better world. Since 1895, we have measured our success by consistently innovating solutions that deliver value to customers and continuously improving our operations. We believe the long-term drivers of our success generate superior value and align with our stakeholders’ environmental, social, and governance priorities. Our story is rooted in history, but our operations continue to grow and evolve.

In 2021, we expanded the oversight and governance of our sustainability initiatives by adding a new leadership position: the VP, Environmental, Health, Safety & Sustainability. This new position oversees sustainability initiatives and reporting and engages three new committees: our Executive Leadership Sustainability Committee, our Product Sustainability Committee, and our ESG Disclosure Committee. We are pleased to present our stakeholders with our first printable sustainability report, aligned with SASB to enhance our disclosures.

To measure our progress, we set a series of robust, purposeful sustainability goals influenced by ESG trends and our aim to operate responsibly. These include:

  • Addressing climate change through emissions, energy, water, and waste reductions.
  • Responding to and providing innovative solutions to the low carbon economy transition.
  • Focusing on hiring and developing a diverse workforce that reflects the communities in which we operate.

At Lincoln Electric, we aim to nurture an engaged, high-performance culture led by The Golden Rule, ethics, and integrity. Our employees are foundational to our success, and we strive to be the “employer of choice” in our industry through industry-leading employee development and engagement initiatives. Our Higher Standard

2025 Strategy reflects our focus on employee development and integrates sustainability into four strategic business areas.

In the last year, we have made significant strides in achieving these goals. Notably, our product stewardship investments have advanced our operating, product, and package designs to reduce our carbon footprint and support our customers’ safety and waste management goals. We are also creating new solutions to support the electrification of the transportation sector and enable the fabricators responsible for the transition to renewable energy. Each example, and many more, exemplify our partnerships with customers to help build a better world.

We are proud of our progress and are focused on advancing our sustainability journey as we achieve our 2025 goals. I encourage you to learn more about our values, culture, policies, and initiatives that define our global organization, long-term success, and sustainability journey.

... CHRIS MAPES
Chairman, President & CEO