Managing ESG
In support of the United Nations 2030 Agenda for Sustainable Development, and as part of our 2025 Higher Standard Strategy, we integrate sustainability into our operations, product, and community engagement initiatives. The table below illustrates how our efforts align with the UN Sustainable Development Goals (SDGs):
| 2025 Higher Standard Strategy Goals | UN SDG |
|---|---|
| Customer Focus | |
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Invest in our network of 40 international Application Resource Center (ARC™) locations, which provide an interactive educational and collaborative space to showcase Lincoln Electric's unique solutions and application expertise to help customers drive greater operational excellence in their fabrication processes. |
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| Solutions & Value | |
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Invest in new solutions and engineering expertise to support the infrastructure and energy end markets — like our ElevateTM SLi Battery Powered Welder for use when away from traditional energy sources, our Flex LaseTM handheld laser welding solution and our VelionTM EV charging systems. Maintain a leading new product Vitality Index score, which is a measure of our innovation and commercial success — calculated as the percentage of annual sales from new products (excluding custom solutions) launched within the last five years. |
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| Employee Development & Engagement | |
| Lincoln Electric's workforce is a global mosaic with many cultures, subcultures, religions, lifestyles and languages. Embrace cultural and thought diversity by enhancing our Talent Development strategy. |
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| Introduce career development opportunities by offering an industry-leading tuition reimbursement program with a $5,250 annual student loan forgiveness option (U.S. only). |
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| Continue to support local communities through philanthropy, led by grants, scholarships and a U.S. matching program provided by the Lincoln Electric Foundation, as well as in-kind gifts provided by Lincoln Electric businesses globally. Our Foundation giving themes focus on alleviating poverty and illness, promoting access to education with emphasis on STEM, and supporting health and human services. |
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| Operational Excellence | |
| Prioritize the health and safety of our workforce and communities by reaching a 52% reduction in safety incidents by 2025 (vs. 2018 baseline). |  |
| Reduce our energy intensity — the total amount of energy consumed per labor hour worked — by 16% by 2025 (vs. 2018 baseline). |  |
| Making significant waste reductions across our operations and achieve a recycling rate of 80% and a landfill avoidance rate of 97% by 2025. |  |