We collaborated with an external consulting firm to analyze industry trends, reporting frameworks and ratings, regulatory requirements, and benchmarking data to pinpoint relevant topics. We then engaged a diverse range of stakeholders across our value chain, including customers, executives, leaders and employees, investors, suppliers, and board members to deepen our understanding of the potential impacts, risks, and opportunities associated with these topics.

As a part of our ongoing compliance and reporting initiatives, in 2024 we conducted an initial double materiality assessment aligned to standards set forth by the European Union’s Corporate Sustainability Reporting Directive (CSRD). Our initial assessment focused on the core set of businesses in scope of CSRD, which spanned all three of our reportable segments.

IDEX supports the following
Sustainable Development Goals:

Our environmental sustainability program includes initiatives to measure and reduce our environmental footprint, empower our business units with actionable tools, and foster innovation that benefits our customers and the impact they have on the world around them. Our approach combines data-driven insights, decentralized execution, and a long-term collective vision for sustainability, as we seek to integrate environmental stewardship into our operations and overall business strategy.

In 2021, we set an ambitious goal of reducing Scope 1 and Scope 2 emission intensity (by revenue) by 30% by 2035. We are working with external partners to develop and execute a decarbonization strategy to help us meet that goal. For additional information regarding our progress, please see the Planet section and the Sustainability Reporting section of this report.