- Environment: Carpenter Technology Corporation, along with our affiliates worldwide, is committed to conducting our business in an environmentally-responsible manner, in accordance with all applicable environmental, health and safety laws and regulations. Carpenter Technology strives to continually improve environmental performance, preserve natural resources and reduce adverse impacts on the environment in order to remain a competitive supplier of specialty steel, alloys and powders. We recognize that the air we breathe, the water we drink and the land we occupy must be preserved for future generations. Carpenter Technology will serve as a responsible steward in this endeavor while continuing to be a preferred solutions provider in our industry and markets.
- How we achieve our sustainability goals:
- We operate our sites in a manner that promotes the health and safety of our employees, customers, and members of our local and global communities. This commitment is deeply rooted in Carpenter Technology’s Core Values. Carpenter Technology encourages our vendors, suppliers and customers to adhere to these standards.
- We operate our facilities and measure performance in accordance with all applicable environmental, health, and safety and security regulations, and laws and applicable internal business policies, standards, and procedures.
- We minimize waste by evaluating operations to ensure efficiency and maximize recycling and re-use of by-products. Carpenter Technology strives to divert waste from landfills, reduce emissions, and preserve raw materials.
- We seek energy efficient solutions and use our procurement team and our internal resources to seek sustainable solutions and products.
- We are working towards the implementation of a companywide environmental management system that will allow us to monitor our operations and continue to reduce waste and increase sustainability. Our goal is to continually improve over time by setting goals to reduce environmental impacts each year in the areas of waste minimization, pollution prevention, and energy and water conservation.
- To drive improvement in sustainability performance metrics, Carpenter Technology engages suppliers to provide recommendations for energy saving and efficiency projects. We partner with key suppliers that possess expertise in diverse and, in some instances, very specialized areas of energy conservation. From HVAC, lighting and controls to combined heat and power, alternate fuels, and distributed generation, Carpenter Technology collaborates with suppliers to uncover all opportunities to improve sustainability performance.
- Carpenter Technology operates Electric Arc Furnaces (EAF) at our Reading (PA) and Latrobe (PA) locations to produce molten steel from incoming stainless and alloy scrap and raw metals. We require that suppliers of such metallic scrap meet strict quality specifications, including removal of certain contaminants such as mercury switches, lead components, chlorinated plastics, and free organic liquids. Carpenter Technology regularly conducts routine inspections of incoming scrap and supplier audits to ensure conformance with scrap specifications. This program is intended to prevent hazardous air pollutant emissions from being released into the environment.
- In efforts to reduce our carbon footprint, Carpenter Technology consumes electricity from nuclear power sources for several facilities, including all of our Pennsylvania facilities. Electricity from nuclear power is carbon-neutral – i.e., no carbon emissions are generated when generating electricity from nuclear power.
- Conflict Minerals: It is the policy of Carpenter Technology Corporation to comply with the rules issued by the U.S. Securities and Exchange Commission (“SEC”) implementing the “conflict minerals” reporting and disclosure requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. As a responsible participant in the metals supply chain, we take seriously our corporate responsibility to ensure materials used in our products are sourced in an ethical manner in compliance with applicable laws and regulations, including SEC’s “conflict minerals” rules. These rules establish reporting and disclosure requirements for certain minerals, defined as cassiterite, columbite-tantalite, gold, wolframite and their derivatives, tin, tantalum, and tungsten (the “Minerals”), which are sourced from the Democratic Republic of Congo and adjoining countries (“DRC”). Our intention is to comply with these rules which require the Company, as a manufacturer, to file certain reports with the SEC to disclose whether the products we manufacture or contract to manufacture contain the Minerals that are “necessary to the functionality or production” of those products. To ensure we meet these standards, we require our Suppliers to declare the following with regard to products:
- 1. They do not contain tantalum, tin, tungsten or gold that are necessary to their production or functionality; or,
- 2. If they do contain these minerals, that they originate from non-DRC conflict areas or from smelters that have been validated by an independent private sector party to be “conflict free”.
- The Company evaluates its relationships with its suppliers on an ongoing basis to ensure continued compliance with this policy. The Company reserves the right to request additional documentation from its suppliers regarding the source of any minerals included in its products. In addition, suppliers must maintain and provide to the Company, upon request, traceability data for a minimum of five years. Carpenter does not work with Suppliers who do not comply with these disclosure requirements.
- Please see our Conflict Minerals Policy and annual disclosures
- Safety is our number one Core Value at Carpenter Technology. We believe that a Zero Injury workplace is achievable and relentlessly pursue measures to increase safety and accountability for our employees. We are proactive in our approach to safety, working to eliminate hazards before causing injury or harm. We invest in our employees, supervisors and managers and engage them in finding workable solutions to achieve a Zero Injury Workplace. Carpenter Technology provides ongoing safety training to all our employees; we refresh and change the content to stay up-to-date with the latest information as well as when new issues arise to truly make the training relevant for our employees. Our supervisors and managers are trained to actively listen to our employees and engage with them to face any safety challenges. Carpenter Technology requires all employees to work safely and to report any health and safety concerns immediately. Each employee is authorized and empowered to STOP work when any unsafe condition is observed. Carpenter Technology is compliant with all federal and state health and safety regulations and requires our contractors and vendors to do the same. To that end, we actively monitor our contractors and ensure that we implement any corrective measures.
- COVID-19: This year, COVID-19 introduced unprecedented safety concerns and challenges. Carpenter Technology formed a Rapid Response Team in March 2020 to address the pandemic and immediately implement measures to help ensure the safety of our employees while continuing our operations as an essential business.
We recognized that was vital to not only create and implement policies and procedures to keep our employees safe, but also to communicate our efforts to our employees, visitors, customers and the community. To help this effort, we launched a new dedicated COVID-19 website to keep everyone informed with the latest Company information regarding the crisis. The website contains our self-developed Work Safe Manual, U.S. Centers for Disease Control and Prevention (CDC) news, company alerts, tech support for our remote workforce, health resources, and many other helpful resources, all centralized in one convenient location. It is available publicly to help the larger community during the crisis and to provide our communities and external partners reassurance of our commitment to safety during this public health emergency.
This online response to COVID-19, including a full list of our safety policies and procedures can be found at: https://www.crscovid19.com/.
- Cybersecurity: Carpenter Technology is not only a leader in safety in the physical workplace, we also actively work to ensure the safety of our network and systems. In this unprecedented year where we have seen many of our employees transition to a remote working environment, cybersecurity is more important than ever. In order to educate our employees and maintain the security of our networks, devices and systems, Carpenter Technology is providing regular training sessions to its employees covering relevant topics on current cyber-threats. This training is helping keep employees empowered with techniques to stay safe using the Internet. The security awareness training also benefits employees’ families as the topics discussed provide best practices and good habits for personal and consumer Internet use, too.