Corporate social responsibility.
We actively identify and manage environmental, social, and governance (“ESG”) considerations that may be material to the long-term sustainability of our business. ESG issues that we focus on across the Company include workplace health and safety, energy efficiency, waste management, climate risk, human capital management, diversity and inclusion, supply chain management, business ethics and compliance, and data privacy and protection. Click on the links for additional information on environmental, health, and safety matters, and human capital management matters.
We take ESG-related risks and opportunities into account in our strategic decision-making, both by the board and management. ESG matters are managed and monitored by senior management throughout the year. The board exercises oversight over ESG matters at the full board level and through our relevant committees.
Business ethics and corporate governance.
Our board sets the highest standards for our employees, officers, and directors across our global operations. We believe sound corporate governance is critical to maintaining these standards and protecting our values. Click on the links to read our Code of Business Conduct, Corporate Governance Guidelines, Whistleblower Policy and Policy Regarding Related Person Transactions. Please also visit our Corporate Governance page.
Human rights and labor principles.
We are committed to respecting human rights across all of our business operations in accordance with the Universal Declaration of Human Rights, the UN Guiding Principles on Business and Human Rights, and the ILO Declaration on Fundamental Principles and Rights at Work. Without limiting the foregoing, we do not utilize or permit child labor, forced labor, or other abusive or unsafe working conditions. Click here to read our Global Human Rights Policy.
Business partners and supply chain.
ESAB Corporation and each of its subsidiaries is committed to conducting business with the highest ethical standards. Consistent with that commitment, we have adopted a Code of Conduct for Business Partners that sets out the expectations and standards that apply to any agents, distributors, dealers, contractors, intermediaries, joint venture partners, suppliers, and other business partners doing business with ESAB. Among other things, the Code of Conduct for Business Partners addresses compliance with law, labor, human rights (including child labor and forced labor), health, safety, and the environment.
As part of our commitment to transparency regarding laws and regulations, and to maintain a safe and secure workplace, we have established hotlines for individuals to report illegal, unethical, or unsafe situations. The hotlines provide anonymous methods, if the individuals so choose, to report any instances of misconduct regarding the Company’s finances or other business situations. Furthermore, the Company prohibits retaliation against any employee who, in good faith, reports a violation.
Contact information for the ESAB Corporation confidential hotline is available here.