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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.

... CHRIS MAPES
Chairman, President & CEO

2025 HIGHER STANDARD STRATEGY GOALS
SUSTAINABILITY HIGHLIGHTS


SAFETY

2025 Goal: 52% Reduction in
Total Recordable Case Rate (TRCR)

19% REDUCTION (2021 vs 2018)

GHG EMISSIONS

2025 Goal: 10% Reduction in
Scope 1 and 2 GHG emissions

18% REDUCTION (2021 vs 2018)

ENERGY INTENSITY

2025 Goal: 16%
Reduction

7% INCREASE (2021 vs 2018)

RECYCLING

2025 Goal: 80% Rate

75% in 2021

LANDFILL AVOIDANCE

2025 Goal: 97% Rate

96% in 2021

WATER USAGE

2025 Goal: 14% Reduction

21% REDUCTION (2021 vs 2018)

OVERSIGHT & ALIGNMENT
MANAGING ESG

Our Board of Directors recognizes the importance of aligning our goals, including those related to sustainability, with the interests of our key stakeholders. Accordingly, the Board’s oversight responsibility for Environmental, Social, and Governance (ESG) matters is reflected in our Governance Guidelines. The Board’s oversight role includes reviewing our progress towards our long-term safety and sustainability metrics and our other sustainability initiatives. We also have safety and sustainability goals incorporated into the annual performance goals of the CEO and other executives.

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