Trifast : 2022 Sustainability Report

Innovation

today for a

better tomorrow

Trifast plc

Sustainability Report 2022

Welcome to the

Trifast Sustainability Report

Our purpose

To provide Trusted Reliability at every turn to our customers, suppliers and our people, empowering them to deliver sustainable products and solutions that add value to society and our planet

Our vision

To enable innovation today for a better tomorrow

Our mission

To promote an environment that is safe and fair, which motivates, develops, and maximises the contribution and potential of all employees

To be acknowledged commercially as a market leader in industrial fastenings in terms of service, quality, design, engineering support, ESG (environmental, social and governance), together with brand reputation

To continue to grow profitability, improve stakeholder returns through organic and acquisitive growth, and by driving continual efficiencies throughout the organisation

Our corporate strategy

• Investing for organic growth
• Project Atlas
• Engineering-ledinnovation
• Accelerated acquisition journey

Find out more about our strategy

on our website and 2022 Annual Report

Our culture

Our culture drives our performance

Find out more about our culture

on page 3 of our 2022 Annual Report

Contents

Business introduction	2	01. Sustainability		02. Create socio-economic
CEO introduction	3	governance		value
Ratings and achievements	3
Where we operate	5	Introduction	15	Introduction	27
Driving growth through		Our priorities	16	Our priorities	28
our business model	6	Sustainable governance	17	Our approach	29
Operating in attractive markets	8
Case study: EV light vehicles	25	Case study: LifeWorks	37
Strategy introduction	10
The strategy landscape	11
Our commitments and key projects	12
Our five-year sustainability
strategy framework (2022-2026)	13
03. Act on environment and	04. Build a sustainable		05. Enable sustainable
climate change		supply chain		innovation
Introduction	39	Introduction	49	Introduction	57
Our priorities	40	Our priorities	50	Our priorities	58
Our approach	41	Our supply chain	51	Our approach	59
Case study: Carbon Trust	47	Our approach	52	Case study: Customer innovation	65
		Case Study: TR Hungary	54

Reporting scope and boundaries

This Sustainability Report provides an account of the management approach and performance trends of the material environmental, social and governance issues for Trifast plc

The reporting period used for the performance data is the financial year ending 31 March 2022

This report contains standard disclosures for the Global Reporting Initiative (GRI) standards and includes the activities and impacts that are under the control or significant influence of Trifast plc and its subsidiaries

Please see our 'where we operate' maps on page 5

More information can be found in our Annual Report at https://www.trifast.com/ investors/our-reports/

GRI index	66
Cautionary statement	72

Trifast plc Sustainability Report 2022

1

Business introduction

CEO introduction	3
Ratings and achievements	3
Where we operate	5
Driving growth through our
business model	6
Operating in attractive markets	8

2	Trifast plc Sustainability Report 2022

CEO introduction

Our strategy sets out the blueprint for an exciting future

Ratings and achievements

During FY2022 we conducted a full review of our global KSIs and operational KPIs, which will be reported into the Trifast plc Board and our Operational Executive Board.

In addition, we have also included a second level of KPIs which we believe will support functional reporting of sustainability data.

Mark Belton

Chief Executive Officer

Key sustainability stats

These indicators have now been expanded to include a more detailed overview of our sustainability performance, supporting the ongoing commitment to our sustainability strategy.

I am pleased that our work to explore and assess

climate-related risks and opportunities has gone well and for the first time this year our Annual Report includes disclosures in line with the Task Force on Climate-related Financial Disclosures (TCFD).

Read more on our TCFD disclosures in our Annual Report

4.95%	7.5/10	40/41
reduction in our kgs	Happiness index score	UK Corporate
CO2e per £1k turnover		Governance Code
during FY2022		(2018) provisions
		complied with

Trifast plc Sustainability Report 2022

3