Columbus McKinnon : FY24 Corporate Social Responsibility Report

CORPORATE SUSTAINABILITY REPORT

FY24

FOURTH EDITION

Table of Contents

Overview

Message from David J. Wilson, President and Chief Executive Officer

Message from Elizabeth Chapman, Associate General Counsel,

Director of Corporate Social Responsibility ESG Highlights of FY24

Creating Shared Value

About Columbus McKinnon Corporation

	CMCO Sustainability		Processes:
3	14	Governance, Ethics	21
Priorities	& Risk Management
4	Materiality Assessment	15	Board & Management Oversight	22
5	Sustainability Materiality Matrix	19	Business Conduct	24
Sustainability Index	20	Economic Performance	25
			& Market Presence
6			Enterprise Risk Management	28
7			Cybersecurity	29
8			Procurement Practices & Materials	29

		Planet:
People		Our Commitment
& Social Impact	30	to the Environment	57	Appendix & Indices	63
Customers & End Users	31	Climate Change/Emissions	58	About This Report	64
Occupational Health and Safety	32	Energy, Waste & Pollution	60	UNSDGs	66
Employment	33			TCFD	67
Succession and People Development	43			GRI Index	69
Workers in the Value Chain	46			SASB	74
Labor/Management Relations	46			Calculation Methodology	75
Diversity and Equal Opportunity	47
Local Communities	50

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OVERVIEW

MESSAGE FROM DAVID J. WILSON

President and Chief Executive Officer

Overview

Building on a legacy of almost 150 years of delivering our customers top-tier lifting solutions known for safety and quality, Columbus McKinnon is transforming into an intelligent motion company. We've embraced change and innovation while staying true to our roots of excellence and continuous improvement. We've grown and expanded without forgetting our purpose.

Grounded in purpose-driven performance, we are dedicated to improving the lives of our customers, the communities we serve, and the employees who work at Columbus McKinnon. We are committed to being the leading, most trusted provider of material handling solutions focusing on safety, efficiency, and productivity.

We know that when we invest in running a responsible, sustainable company, we make our business stronger, more agile, and more resilient. This encourages good business practices and a focus on safety that enables us to deliver industry-leading results. Taking care of our team, customers, and communities is essential for sustained growth. As a global leader in lifting and precision conveyance solutions, we remain focused on positively contributing to the planet we share.

At Columbus McKinnon, we know that our employees, customers, vendors, supply chain partners, communities, and shareholders care deeply about what companies do for their communities, people, and the environment. As trusted members of our global communities, we have the responsibility and resources to take positive action and build a more sustainable, resilient future. With that responsibility in mind, we launched our Environmental, Social, & Governance ("ESG") program in 2020. Since I joined Columbus McKinnon in June 2020, we have made great strides in formalizing and sharing our environmental and social progress and commitment to strong governance processes.

In 2024, we continue to advance our strategy and focus on delivering positive change through purpose-driven performance. We are focused on making a tangible impact on behalf of our customers and are improving lives by providing intelligent motion solutions while achieving outstanding business results.

With an ever-changing customer environment and intense competition for talent and profitable growth, we have made investments in creating a corporate culture and developing a team capable of delivering a best-in-class experience for our customers. Investments like these are helping us grow, differentiate, and strengthen our business. They position us for the long term, keeping our company vital and agile so we can keep growing and creating value for our shareholders and all our stakeholders, for decades to come.

At the heart of this work, and at the heart of everything we do, are Columbus McKinnon's more than 3,500 team members. We are proud of the progress we've made across our business, which includes:

• Growing and taking care of our people
• Enhancing sustainability
• Taking care of our community
• Upholding our highest standards of integrity/ethics: core to our key value of acting with integrity

Sustainable solutions fortify our future, mitigate risks to our business and long-term performance, and provide near-term value and cost savings.

While we're proud of the steps we've taken in 2024, we recognize that this is a journey. I want to thank our employees and supplier partners for the progress we have made and continue to make as a company. As the landscape around us continues to change rapidly, we remain unwavering in our view that, by adhering to our foundational principles, Columbus McKinnon will create long-term growth and value for our business and our shareholders.

As we continue to formalize our program and execute our ESG strategy, we will strive to continue to lead the industry in making a difference for the world and all those in it. I'm proud and humbled by our team's progress, agility, and commitment to these efforts, which are which are driven by and support areas we know are important to our business. We look forward to sharing future updates on our progress and execution against our goals.

"Sustainable solutions fortify our future, mitigate risks to our business and long-term performance, and provide near-term value and cost savings."

Overview

Sustainability Priorities

Processes

People & Social Impact

Planet

Appendix & Indices

CMCO Sustainability Report FY24 4

MESSAGE FROM ELIZABETH CHAPMAN

Associate General Counsel, Director of Corporate Social Responsibility

Overview

In Fiscal Year 2024, Columbus McKinnon continued to build on our sustainability strategy and further integrate ESG into our business. We understand there are a variety of perspectives around ESG. Simply put, we view it as a way to break down and measure the inbound and outbound impacts of our company in regard to planet, people, and our processes.

Corporate Responsibility and Sustainability can be broad and often inarticulable, but we are committed to doing what is best for our company and stakeholders. By categorizing impact in terms of Planet (Environmental), People (Social), and Process (Governance), we can better understand, measure, and communicate (both internally and externally) the factors that are material to us, as risks or as opportunities for value creation. We set our sustainability goals, targets, and initiatives on those sustainable priorities and report on our progress in this Corporate Sustainability Report to be as transparent as possible for all stakeholders.

At the center of all we do are strong processes, policies, and governance procedures. This includes our Enterprise Risk Management process, which we continue to develop and strengthen each year. We ensure that we are keeping up with regulatory and technology advancements through policies and practices. We consider our purpose, values, and reputation equally as important as our economic performance. Therefore, sustainability is woven into our business processes and the policies governing our operations, people, and partnerships. Our Executive Leadership Team and Board of Directors oversee our sustainability strategy and are updated at least quarterly on our progress.

People are the backbone of Columbus McKinnon. Our employees' health, safety, wellbeing, and engagement are of critical importance. Our goal is to be the employer of choice to recruit and retain top talent in our local communities. We offer competitive compensation and benefits, training and development opportunities, and a safe, fun, and inclusive working environment. Furthermore, we value and respect all workers within our value chain. We strictly prohibit any activities of our business partners that conflict with our policies, including, but not limited to, our Human Rights Policy, Code of Business Conduct, and Supplier Code of Conduct. Finally, we extend our social commitment beyond our business and operations by making it a priority to give back to our communities through our CMCO Cares program. We firmly believe that fostering an inclusive culture with a diverse, engaged workforce drives innovation and better decision-making, which translates to better serving our customers and, ultimately, profitability for the Company.

Columbus McKinnon strives to be an environmental steward. We consider our impact on the environment and look for ways to reduce our overall impact in the areas of carbon emissions, energy, waste, and pollution. We have set both internal and external targets in these areas. Columbus McKinnon is a low emitter of greenhouse gas emissions and does not have locations materially impacted by severe weather events. While acknowledging the seriousness of the matter, we do therefore consider the impact of climate change to be mainly transitional for the company. As the global regulatory landscape continues to evolve, we continue to monitor and comply.

"We set our sustainability goals, targets, and initiatives on those sustainable priorities and report on our progress in this Corporate Sustainability Report to be as transparent as possible for all stakeholders."

Overview

Sustainability Priorities

Processes

People & Social Impact

Planet

Appendix & Indices

CMCO Sustainability Report FY24 5

ESG HIGHLIGHTS OF FY24

Overview

APRIL

Richard Fleming stepped down as Board Chair

APRIL

Gerald Colella

appointed Chairman

of the Board

NOVEMBER

Stewardship

OCTOBER

Engagement with

NOVEMBER

Investors

Engagement Survey

Materiality

#3

Assessment

JUNE

NOVEMBER

MARCH

New Intranet

United Way

Chris J. Stephens Jr.

Launched

Campaign

Joined the Board of

Launched

CMCO

MAY

DECEMBER

FEBRUARY

montratec

CMCO Cares

CDP Score

Acquisition

Corporate

Released

Donations

APRIL

APRIL

DECEMBER

JANUARY

JANUARY

ERM Survey

Drawing

in Monterrey,

CMCO Cares

New Facility

Contest

Mexico

Kathryn Roedel

Kristy Moser Joined as

elected Lead Director

VP of Investor Relations

and Corporate Treasurer

Overview

Sustainability Priorities

Processes

People & Social Impact

Planet

Appendix & Indices

CMCO Sustainability Report FY24 6

CREATING SHARED VALUE

Overview

Addressing societal issues in ways that create value for our business and stakeholders is a hallmark of Columbus McKinnon's enterprise strategy and our approach to sustainability priorities. We believe we maximize long-term value for shareholders by serving our stakeholders: our customers, employees, suppliers, business partners, communities, and the planet. Addressing such societal needs builds the value of our business. Better put, as business strengthens society, society strengthens business. We aspire to embrace a cyclical economy and create opportunities to provide our customers with energy efficient material handling solutions. Each of our sustainability priorities offers a discrete shared value proposition. Doing so aligns our business objectives with societal objectives and increases our ability to create value for the long term.

Overview

Sustainability Priorities

Processes

People & Social Impact

Planet

Appendix & Indices

CMCO Sustainability Report FY24 7

ABOUT COLUMBUS MCKINNON

Our Purpose, Mission, Vision, and Values

Overview

At Columbus McKinnon, our Purpose, Mission, Vision, and Values serve as the compass that guides everything we do, from the way we work with one another across the company to how we meet the needs of our customers.

Our Mission

Our mission is to provide expert, professional-grade solutions and products, building the trust of customers by solving their high-value problems. Our global team of product engineers and application experts work hand in hand with our distributors and end users to develop innovative and intelligent solutions to their motion control challenges.

Our Vision

Our vision is to become the global leader in safe and productive intelligent motion solutions. To do this, we continue to innovate to drive growth, introducing new products that allow our customers to work smarter, stay safer, and be more efficient. We are also focused on the benefits our products and application expertise can provide to fast-growing industries and those that can benefit from our automation and intelligent motion expertise, such as e-commerce, life sciences, food processing, aerospace & defense, energy, and more.

Our Values

Our values guide who we are as a company and the culture we work to build every day. Our six Values make us stronger as an organization, as a partner in our communities, and to our customers.

Our Purpose

Together we create intelligent motion solutions that move the world forward and improve lives.

Our Values

Connect safety to everything you do.

Think differently.

Be easy to do business with.

Our Mission

We provide expert, professional-grade solutions and products, building the trust of customers by solving their high-value problems.

Our Vision

To become the

global leader in safe and

productive intelligent

motion solutions.

Our Purpose

Together we create intelligent motion solutions that move the world forward

and improve lives.

Win as a team.

Deliver on your commitments.

Act with integrity.

Overview

Sustainability Priorities

Processes

People & Social Impact

Planet

Appendix & Indices

CMCO Sustainability Report FY24 8

ABOUT COLUMBUS MCKINNON

Our Purpose, Mission, Vision, and Values; Purpose in Motion

Overview

Our Purpose

Columbus McKinnon employees come to work every day with one united purpose: together, we create intelligent motion solutions that move the world forward and improve lives. Below are just a few examples of how we live that purpose. More information and videos regarding our Purpose in Motion are available at CMCO Purpose in Motion Page.

Magnetek® Technology Elevates Performance of Specialized Forestry Cranes

Columbus McKinnon was asked to aid in the design of a specialized circular crane used in woodyards and other forestry applications because of our expertise and the robust and reliable features of Magnetek-brand controls, motors, and automation technology. Today, our technology is used on these heavy-duty cranes in critical forestry operations worldwide.

Columbus McKinnon Lifting Technology Helps Support Space Exploration

A spacecraft manufacturer needed variable speed hoists for its facility in the U.S. Known for their durability, reliability, and precision lifting capabilities, 10 CM® Lodestar® VS electric chain hoists, equipped with Magnetek® IMPULSE® drives, are helping lift and position materials and equipment that will be utilized for future space exploration.

Power Regenerative Drive Technology

Our Magnetek Team developed a solution based on our Quattro® elevator drive technology for a leading elevator manufacturer and installer. This custom software was not only designed to meet customer requirements, but also captures energy generated by the drive and returns it to the utility power grid for added energy efficiency.

Redesigning Our Products with

Sustainability in Mind

Columbus McKinnon embeds sustainability into our processes and product designs. Recently, our engineering team redesigned one of our clamp components, resulting in a weight decrease of 26.8% compared to the previous design. This change helped reduce the amount of material needed to create the component.

Overview

Sustainability Priorities

Processes

People & Social Impact

Planet

Appendix & Indices

CMCO Sustainability Report FY24 9

ABOUT COLUMBUS MCKINNON

Our Global Organization

Overview

With a new global headquarters located in the growing Ballantyne neighborhood of Charlotte, North Carolina, Columbus McKinnon is well- positioned to serve customers around the world, including integrators, engineering procurement contractors, crane builders, and OEMs. We also manage a global network of distributors that ensure our products are readily available anywhere, anytime, in any situation. Our global footprint includes 20 manufacturing facilities and more than 30 sales offices, distribution centers, and warehouses throughout North America, Latin America, Europe, Africa, and Asia. Our employees are the key to our success. The hard work and dedication of our 3,500+ employees around the world are helping to move the world forward and improve lives, providing value to the customers and stakeholders we serve.

Blue Anchor, NJ
Edmonton, AB
Brampton, ON
Getzville, NY
Burlington, ON
Brighton, MI
Menomonee Falls, WI
Hartland, WI
Nashville, TN
Greenwood, TN	Wadesboro, NC
Lexington, TN
Charlotte, NC
E. Chattanooga, TN
Damascus, VA
Monterrey, MX
Guadalajara, MX
	Colón, PA

St. Petersburg, RU

Kissing, DE

Künzelsau, DE

Dauchingen, DE

Wuppertal, DE

Eindhoven, NL

Coleshill, UK

Chester, UK

Nogent l'Artaud, FR Vélizy-Villacoublay, FR

Vierzon, FR Buchs, CH

Lisbon, PT

Seville, ES Madrid, ES

Cerro Maggiore, IT Pfaffstatten, AT

Plewiska, PL Szekesfehervar, HU

Dubai, UAE

Chennai, IN

Dammam, SAU

Penang, MY

Singapore, SG

	Honeydew, SA
~		Middleburg, SA
Sao Paulo, BR
	Magaliesburg, SA	Durban, SA
Montevideo, UY

Shanghai, CN Hangzhou, CN

• Only major locations are shown in graphic.

Overview

Sustainability Priorities

Processes

People & Social Impact

Planet

Appendix & Indices

CMCO Sustainability Report FY24 10