Sustainability Progress Highlights

Sustainability is interwoven as part of our business strategy. United by our Purpose and Core Values, we lead our industries by delivering innovative products and solutions that help address today's challenges and tomorrow's needs. We published our fourth sustainability report in May 2023, including a number of exciting milestones:

• First-time disclosure of Scope 3 greenhouse gas (GHG) emissions
• First double-materiality assessment to generate greater insights into key sustainability topics
• First-time disclosure of water usage across the largest manufacturing sites
• Approach to sustainable practices within the durable plastics, food, and recycling end markets
• Approach to decarbonization designed to bring us into alignment with TCFD and SBTi
• Increased number of female directors; Board of Directors now 50% women
• Signed the CEO Statement of Support for the United Nations Women's Empowerment Principles (WEP)

Our Continued Journey and Commitment

Hillenbrand was named a finalist for the 2023 Reuters Responsible Business Awards in the category of Purpose-Driven Consumer Communications for our work to integrate our Purpose to Shape What Matters For Tomorrow throughout our organization.

In 2023, Hillenbrand received an upgraded rating of AA (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment. Since February 2022, Hillenbrand has maintained a “1” score in ISS's Governance QualityScore.

Our Impact

This year marks our first-time disclosing Scope 3 emissions, following a sustained effort to obtain a fuller picture of our impact. By tracking these emissions, we can better understand risks to our business and that result from our business, which allows us to continue to develop a more robust program based upon setting metrics and targets, managing climate change risk, and driving strategy throughout our operations and governance.

We have also defined our approach to decarbonization within our own operations, expanding our usage of renewable energy while conducting energy audits to identify key opportunities to reduce our emissions.

Our Stuttgart and Weingarten, Germany, locations are being powered by 100% renewable energy sourced from hydropower generated entirely by European plants, while our Mold-Masters facility in Kunshan City, China has established a rooftop solar project (pictured) that can produce 1.73 MW per year.

Hillenbrand supports a closed-loop system where plastics are made, recycled, and repurposed to keep them in our global economy and out of the environment. We partnered with Net Impact, a global non-profit focused on engaging students on critical social and environmental issues, to create the first-ever Circular Plastics Case Competition aimed at innovating and promoting sustainability within the plastics value chain.

Congratulations to Coperion for winning the Stuttgart Innovation Award in the Sustainability and Social category for their ZS-B MEGAfeed side feeder for recycling applications.

In its first year, the competition drew 52 submissions from 10 different countries across 4 continents.