Sustainability Governance
Our overall approach to sustainability governance reflects our commitment to embedding key sustainability topics into our business strategy and operations, along with meeting associated regulatory requirements.
Our Chief Sustainability Officer and General Counsel, with support from our Board and the rest of the executive leadership team, set the strategic direction for sustainability at IDEX. Ownership and execution of key sustainability initiatives are shared across multiple functions and all levels of the organization to drive progress and enable each business to advance the sustainability initiatives most relevant to its customers and stakeholders.
We continuously evaluate the governance of our sustainability initiatives and adjust our approach as needed to align with the organization’s evolving needs. In 2023, we established an Environmental Sustainability Committee to accelerate shared learnings to reduce our emissions footprint. In 2024, we formed additional cross-functional working groups to prepare for emerging regulatory requirements and enhance the management of various supply chain initiatives.
As part of our annual review of the Board’s Corporate Governance Guidelines and committee charters, we apply the same approach to assess whether any changes are needed to Board oversight and governance.
An Overview of Sustainability Governance
The Nominating and Corporate Governance Committee of the Board oversees corporate sustainability efforts and progress. In 2022, the committee added an additional annual meeting dedicated solely to sustainability initiatives. In 2023, this meeting was used for a director education session with the full Board to review various pathways to decarbonization. In 2024, the committee used the meeting to examine emerging regulatory reporting requirements and assess our progress toward sustainability goals, particularly emissions reductions.
The Executive Leadership Team (ELT) meets at least quarterly to oversee progress against various sustainability goals and initiatives. Our CEO and his leadership team continue to incorporate numerous sustainability initiatives into their individual goals, including those related to the company’s environmental impact, ongoing talent management, development, and engagement initiatives, health and safety metrics, and cybersecurity preparedness.
Global Business and LocaL Impacts
The IDEX corporate structure allows business units to operate within a shared framework while maintaining the flexibility to tailor their approach to their unique business and customer needs. This decentralized model empowers each unit to identify and pursue sustainability initiatives that create the most meaningful local impact, while leveraging the scale of being part of a larger organization.
Leadership at our operating sites actively contributes to the company’s broader sustainability goals through diverse initiatives. Each business has a dedicated sustainability representative responsible for tracking progress and communicating updates to the corporate team, ensuring alignment, accountability, and shared learnings across the organization.
IDEX is also a member of the Manufacturers Alliance (MAPI) where we participate in conferences and roundtable discussions to continue to hone and improve upon our approach to sustainability and build a strong network of like-minded organizations.
Stakeholder Engagement
Engaging stakeholders is integral to our governance strategy. Regular investor engagements provide valuable insights to refine our strategy and governance practices. Additionally, in our most recent materiality assessment, we engaged with a wide range of stakeholders, including internal leaders representing business segments and functions, customers, suppliers, and shareholders.
