SUSTAINABILITY AT PENNANT

Sustainability At Pennant

Our goal is to ensure our handprint exceeds our footprint through the positive impacts of our people and products.

For us, sustainability is about meeting the needs of the present while leaving the world a better place for the future. Sustainability is at the heart of our business; from the products we make to the way we make them. We’re committed to considering the future in the decisions we make every day.

Our Sustainability Approach has Three Aspects:

Product and Process Sustainability

PENNANT specializes in metal stamping including forming, roll forming, fabrication, welding and assembly. Our operations and engineering teams continue to look at ways to improve efficiencies and output incorporating processes that reduce energy consumption as well as manufacturing waste. Not only are we researching alternative manufacturing lubes including water soluble options, but always working aggressively toward scrap reduction, reusability and utilizing recycled material from the use of recycled paper products and expendable packaging to our end products.

Environmental Sustainability

PENNANT’s commitment to environmental sustainability is emphasized with procedures which mirror ISO14001 standards. This standard defines the requirements for an environmental management system by focusing on the systematic development of a process of continuous improvement. It focuses on efficient use of energy and raw materials, as well as waste minimization and risk prevention. Considering this standard, PENNANT commits to obtain, maintain and keep current all required environmental permits and registrations. All employees are required to comply with operational and reporting requirements. PENNANT supports a proactive approach to environmental challenges and encourages initiatives to promote environmental awareness and responsibility.

PENNANT complies with all applicable environmental laws and regulations and will promptly develop and implement changes to correct any non-compliance issues as

PENNANT is made aware.

Social Sustainability

Corporate Responsibility

PENNANT recognizes our social responsibility and commitment to our employees and to the communities in which we live and work. As an organization, PENNANT requires that our employees comply with all policies related to our corporate responsibilities and report any activities that may violate such policies and standards.

Health and Safety
Human Rights
Corruption and Ethics
Compliance

Health & Safety

We have occupational safety standards and industry best practices that each employee must follow. No achievement is worth sacrificing safety. We are continually reviewing our safety procedures to ensure they are up-to-date and effective. To help provide the safest environment possible, we ask that employees report all injuries, no matter how minor, including near misses even though no one was inured. We comply with all local, state, and federal laws that govern working hours, compensation, statutory leave, etc.

Violence of any kind is entirely unacceptable and will not be tolerated. Following simple guidelines, we can avoid violence all together. Be polite and respectful; report any behavior that threatens or harms anyone; never possess weapons, which include firearms, ammunition, explosives, or any other device, which is intended to be used as a weapon, while on Company property.

All Company properties are drug and alcohol free. Employees under the influence of drugs and/or alcohol are not only less likely to meet performance standards, they pose grave security and safety risks to their fellow employees and themselves. Therefore, our policy prohibits manufacturing, distributing, dispensing, possessing, or using illegal substances and/or being under the influence of alcohol while on Company premises, including Company vehicles, and while on Company business.

Human Rights

We pride ourselves on our commitment to the protection of Human Rights. We do not knowingly associate or do business with any individual or company that participates in any of the following: exploitation of children or child labor, physical punishment, forced, involuntary or compulsory labor, unlawful discrimination or human trafficking. Consequently, we choose business partners dedicated to the health and safety of their workers and who abide by these same PENNANT principles. We obey all local laws regarding minimum employment age and will not employ anyone under the age of 18 in our manufacturing facilities.

Corruption & Ethics

PENNANT expects the highest standards of integrity from our employees in all business interactions with strict prohibition against all forms of corruption, extortion and embezzlement. PENNANT will never pay, offer, promise, or authorize the payment, directly or indirectly, of any bribe or corrupt payment (in the form of money or anything of value) to anyone for the purpose of inducing or rewarding any favorable action or obtaining any improper advantage. PENNANT maintains a process for employees to raise issues of concern in a confidential manner. PENNANT will ensure that the employees’ concerns are addressed quickly and resolved satisfactorily.

Compliance

In all areas of PENNANT’s business operations, employees must comply with all applicable laws, regulations and directives of the countries and regions in which the organization operates. Additionally, PENNANT will ensure that our employees receive adequate information and training in relation to all relevant legal, regulatory and internal requirements that apply to their jobs. This is extended with our employee handbook and orientation training that all employees must participate.