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Acting as a steward for our environment and natural resources is critical to our company. As we solve critical challenges for our customers, we are also committed to improving the environmental impact of our own operations.

Hubbell's Environmental Goals

30%

reduction

in Scope 1 and 2
emissions by 2030*

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EMISSIONS

25%

reduction

in water usage
by 2030*

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WATER

30%

reduction

in hazardous waste
by 2030*

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WASTE

*Goals are compared to a 2022 baseline.
Hubbell Sustainability Impact Program

Sustainability Impact Program

To help us achieve our goals, we established a Sustainability Impact Program. This program allocates capital to Hubbell facilities for site-specific projects that enhance the environmental performance of our business operations.

Climate Change Risks & Opportunities

We focus on trying to manage the climate-related risks and opportunities of our business for our stakeholders and the planet in the near and long term.

Physical Risks

As part of response planning for natural disasters and severe weather, we evaluate the physical risks posed by climate change for our facilities and operations. To address these risks, we have established business continuity plans to protect our employees, properties, and assets from disruptions that may result from the physical impacts of climate change, such as increased incidence and severity of storms. These plans help us prepare for possible catastrophic events and support timely recovery of business operations to ensure we continuously deliver products and solutions to our customers.

Transitional Risks

Throughout the year, we focus on proactively managing transitional risks, which can have a financial, legal, and reputational impact on our business and operations. We regularly monitor the evolving conditions of the legal, regulatory, technology, and market landscape and engage in response planning to identify and mitigate future risks. Actions that emerge from our risk management strategy, such as improving environmental performance and reporting, are essential to ensuring business compliance and resilience as we transition to a low-carbon economy.

Opportunities

We aspire to expand our portfolio of utility and electrical solutions to align with the demand from new and emerging markets associated with the transition to a low-carbon economy. Our new product development team spearheads innovation to develop new products and solutions that enable sustainable outcomes for our customers. In addition to new product development, we implement energy, water, and waste efficiency projects across our global facilities to reduce operational costs and, most importantly, mitigate against and adapt to climate change.

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Energy & Emissions

At Hubbell, we are committed to managing our energy use and lowering our greenhouse gas (GHG) emissions. As part of that effort, we focus on measuring our energy consumption and emissions to identify efficiency and reduction opportunities.

GHG emissions and energy performance since 2019:

20%

reduction

in Scope 1
emissions

5%

reduction

in Scope 2
emissions

13%

reduction

in energy
consumption

We attribute our emissions reductions to several energy efficiency initiatives we have implemented throughout our facilities. These initiatives include, but are not limited to:

Retrofitting lighting with more efficient LED bulbs.

Optimizing energy use of equipment through compressed air blow gun optimization, compressed air demand reduction, boiler blowdown control, or other mechanisms.

Replacing equipment with higher energy efficiency models, including HVAC systems, air compressors, and dust collectors.

Repairing compressed air leaks.

Integrating renewable energy into our purchased electricity mix.

Installing solar panels at our sites.

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Water Management

Water is essential for life, and as a company, we embrace our responsibility to manage and reduce our usage of such an important resource.

Our water management approach across global operations includes:

Measuring water usage across all our operating locations worldwide.

Identifying and implementing water reduction initiatives at our facilities, such as installing low-flow water valves and analyzing production processes for water efficiency opportunities.

Assessing where, across all our global sites, we have facilities located in water scarce regions to aid decision making for water reduction initiatives.

Remaining compliant with wastewater and effluent management regulatory requirements and implementing measures that limit potential environmental impact.

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Waste Minimization

As a business, Hubbell is committed to responsible consumption and production, which includes managing and minimizing our waste generation. In addition to pursuing measures that reduce the amount of waste we dispose at our facilities, we reduce, recover, reuse, and recycle byproducts, such as scrap metals, and other surplus materials in our operations whenever feasible.

Pursuing Circularity

As a manufacturing company, we recognize our role in supporting a more circular economy. To that end, we aim to create solutions that keep products and materials in use, design out waste and pollution, and regenerate natural systems.

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822 THOUSAND

of the steel, by weight, we purchased in 2022 came from less environmentally impactful mills that use recycled material as their primary feedstock rather than virgin steel.

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2.32 MILLION

pounds of scrap metal were recovered from the meters we recycled in 2022.

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67 %

of our corrugated cardboard and wood packaging, as well as other packaging supplies, were made of recycled material in 2022.

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50 %

of the steel, by weight, we purchased in 2022 came from less environmentally impactful mills that use recycled material as their primary feedstock rather than virgin steel.