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Sustainability Overview

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HOW WE THINK ABOUT SUSTAINABILITY

We are still in the early stages of our sustainability journey. Like many companies, we started with a compliance-based approach mixed with philanthropy. We then started to weave proactive and strategic sustainability aspects into our model. In creating our new sustainability model, we reviewed our material1 topics and determined the need to also focus on understanding energy and emissions, which we believe will help us better understand our overall impact on climate change. We have mapped these topics into ESG categories to clearly communicate our focus to stakeholders. The outer gray ribbon—our people, partnerships, and products—will be what helps us accomplish the work we have ahead of us in these areas. We know that sustainability has the potential to create increased returns for our shareholders, value for our customers, development opportunities for our employees, and improvements to the communities in which we operate.

In 2019, we demonstrated our commitment to sustainability by becoming an active participant in the United Nations Global Compact and pursuing the UN Sustainable Development Goals. In September 2021, we published our second sustainability report and reaffirmed our commitment to these goals. We remain committed to making progress on this critical journey, which we believe will be a continued source of opportunity, innovation and profitable growth for Hillenbrand.

1The use of “material” or “materiality” in this report is not related to, or intended to convey, matters or facts that could be deemed “material” to a reasonable investor as referred to under U.S. securities laws or similar requirements of other jurisdictions.

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Sustainability Progress Highlights

  • image description Environmental

    What We’ve Done
    • Created a focused Environmental Council while continuing our work with our Health and Safety Council
    • Engaged a consultant to accelerate our energy and emissions data collection progress
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    Rolled out an educational webinar on the environmental aspect of sustainability
    • Further developed our company products to support our customers’ environmental goals. Some examples include:
      • Utilized our ZSK Twin Screw Extruders to develop a closed-loop approach in which up to 100% of multilayer film production waste can be reprocessed
      • Improved operational efficiency for customers with our M-powered IIOT solution
    Where We’re Going
    • Investigating ways to further reduce our energy and emissions footprint
    • Determining next steps to define our environmental footprint in areas of waste, water, etc.
  • image description Social

    What We’ve Done
    • Hired our first Director of Diversity, Equity, and Inclusion
    • Launched a cross-functional “Inclusion at Hillenbrand” Council
    • Supported the LGBTQ+ Equality Act (U.S.—Federal)
    • Hosted “Women in Engineering Day” and invited students to participate in “Introduce a Girl to Engineering Day”
    • Launched unconscious bias training cascading with leader-led sessions
    • Sponsored the “Girls with Goggles” program to encourage young women to join trade fields
    • Supported the fight against COVID-19 by volunteering at vaccination clinics, participating in blood drives, and donating N-95 masks
    • Rolling Recordable Incident Rate decreased from 2.35 to 1.80
    Where We’re Going
    • Increasing employee training regarding social topics, including unconscious bias training
    • Establishing employee business resource groups
  • image description Governance

    What We’ve Done
    • Hired our first Chief Sustainability Officer
    • Incorporated legacy Milacron into Hillenbrand’s global compliance program including Anti-Bribery and Anti-Corruption programs
    • Published Supplier Standards
    Percentage of women in leadership roles across the enterprise (as of 12/30/2021)
    Board of Directors:
    45% Women
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    Management Team:
    31% Women
    • Increased training around phishing and data security
    • Tied executive compensation to specific plans to increase diversity
    Where We’re Going
    • Establishing a procurement policy to further extend environmental, ethics, and other compliance policies to our supply chain
    • Incorporating diversity practices with our supply base
  • Reporting Highlights

    What We’ve Done
    • Became a signatory of the United Nations Global Compact and have now published two communications on progress
    • Disclosed DEI data publicly for the first time
    • Aligned our report to Global Reporting Initiative (GRI) standards
    • Aligned our material topics to Sustainable Development Goals
    Where We’re Going
    • Enhancing our current data collection methodologies and disclosures
    • Developing long-term sustainability goals
    • Setting KPIs across our businesses
    • Continuing to embed sustainability into our overall governance strategy

Key Highlights

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2016 Launched Hillenbrand One Campaign designed to support communities

2018 Formed Sustainability Steering Committee to guide company’s efforts

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2019 Signed United Nations Global Compact (UNGC), a voluntary pledge to increase ESG programs and disclosure

2019 Engaged with key stakeholders to conduct materiality assessment

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2020 Published inaugural Sustainability Report, summarizing perspectives and actions on governance and business ethics, labor, human rights, and environmental responsibilities

2021

March Hired first Chief Sustainability Officer

April Hired company’s first Diversity, Equity, and Inclusion (DEI) Director

July Engaged a consultant to accelerate data collection related to company energy use and emissions

September Published 2nd report and aligned reporting framework to Global Reporting Initiative (GRI) standards

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