Trifast : 2023 Sustainability Report

Celebrating 50 years

Focused on the future

Trifast plc

Sustainability Report 2023

Trifast plc | Focused on the future

Sustainability Report 2023

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 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 the 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 vision

Securing a sustainable future Supporting a sustainable economy using our technical expertise to empower customers, suppliers, and our people to innovate solutions that will improve the environment and people's lives

Our culture

Our culture drives our performance

Find out more about our

cultural pillars on page 19 of this report

1 Trifast plc | Focused on the future Sustainability Report 2023

Contents

Welcome		01. Sustainability		02. Create socio-economic
		governance		value
Contents	1	Introduction	11	Introduction	17
Sustainability highlights,	2	Our priorities	12	Our priorities	18
ratings & achievements		Sustainable governance	13	Our approach	19
Introduction	4
Where we operate	6
Focus on sustainability	7
The sustainability	8
strategy landscape

03. Act on environment and	04. Build a sustainable		05. Enable sustainable
climate change		supply chain		innovation
Introduction	29	Introduction	39	Introduction	45
Our priorities	30	Our priorities	40	Our priorities	46
Our approach	31	Our supply chain	41	Our approach	47
		Our approach	42

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 2023

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' map on page 6

More information can be found in our Annual Report

GRI index	54
Cautionary statement	60

2 Trifast plc | Focused on the future Sustainability Report 2023

Sustainability highlights, ratings & achievements

26.8%		0.09/1
CO2e reduction from		Global H&S incident rate
2019, target 16.8%		(see page 24 for calculations)

10.5%		7.4/10
Reduction in KwH		Happiness
energy use in FY23		index score

3000

SustainabilityEnvironmental

engagement withincidents our top 300 suppliers

0

Reportable

H&S incidents

40/41

UK Corporate Governance Code (2018) provisions complied with

10.7 years

Average length of service

3 Trifast plc | Focused on the future Sustainability Report 2023

Sustainability highlights, ratings & achievements

continued

MSCI Rating AA (FY22: Rating A)

CDP Score C (FY22: score D)

SAQ 5.0

EcoVadis - Retained silver rating

JOSCAR

The use by Trifast of any MSCI ESG Research LLC or its affiliates (MSCI) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation or promotion of Trifast by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided 'as-is' and without warranty. MSCI names and logos are trademarks or service marks of MSCI.