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Best of NAMA 2024












VALMONT RELEASES ITS 2024 SUSTAINABILITY REPORT
Source: Valmont Industries news release

Omaha, NE -- Valmont Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today released its 2024 Sustainability Report, the company's ninth report since 2015.

For nearly 80 years, Valmont has delivered infrastructure and agricultural solutions supporting our rapidly changing world. From replacing aging infrastructure and laying the groundwork for the energy transition to enhancing food security and connecting communities, our work today will shape the future for the next generation. The 2024 Sustainability Report highlights several stories that demonstrate the company's commitment to deliver sustainable and innovative solutions to our customers.

"At Valmont, we understand sustainability is not only the right thing to do, it's also a strategic lever for enhancing profitability and shareholder value," said Avner M. Applbaum, President and Chief Executive Officer. "Our commitment to conserving resources and improving life is deeply integrated into our Valmont Business Model - driving operational efficiencies, reducing costs and creating competitive advantages. Our innovations in infrastructure and agriculture not only support our customers and the planet, but also ensure the long-term success and resilience of our business."

Highlights of the 2024 Sustainability Report Include:

*Recommitment to 2025 environmental goals against 2018 baseline

*Considerable progress in improving our environmental performance

*Reduction in carbon intensity from 78.13 CO2 MT/$M to 43.96 MT/$M

*Forty-six percent reduction in normalized electricity usage - 36.5 MWh/$M revenue

*Reduction in carbon intensity of combustion fuels from 7.8 CO2 MT/$M revenue to 4.4 CO2 MT/$M

*Sixty-six percent of surveyed fixtures are compliant with our low-flow initiative

*Life Cycle Assessments on select products

*Multiple honors and awards for Environmental, Social, and Governance (ESG) initiatives

*Notable improvements in 2023 safety metrics, including a 13.5% Total Recordable Incident Rate (TRIR) reduction

*A record global response rate of 87% on our most recent employee engagement survey

*Spotlight on our Indapur Taluka Galvanizing facility in India for being awarded The Valmont Sustainability Award, the facility made significant improvements in water and energy usage efficiency and waste reduction

At Valmont, groups at all levels of the organization support ESG, including board oversight and a dedicated cross-functional ESG task force. We believe sustainability drives competitive advantages across all functions.

About Valmont Industries, Inc.

For nearly 80 years, Valmont has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology. Learn more about how we're Conserving Resources. Improving Life.® at valmont.com.


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