S&C Electric Company 2023 Sustainability Report

INTRODUCTION

OPERATIONAL EXCELLENCE

PEOPLE-FIRST CULTURE CUSTOMER-CENTERED INNOVATION

GRI INDEX

Team Member Engagement and Development To help team members cultivate long-term,

• Rewards, recognition, and benefits: We implemented an enhanced engineering-career framework for engineers to further their careers. We launched the Hourly Attraction and Retention Program to ensure compensation is aligned with our strategy and is competitive in the market. Finally, we offered our team members new benefits, such as the domestic-partner benefit. • Leadership development and communications: S&C leaders were given the opportunity to participate in leadership coaching to help improve their action-planning skills and communication effectiveness.

2023 Engagement Survey Highlights Our 2023 global engagement survey, encompassing both salaried and hourly team members, recorded an 83 percent response rate, up from 80 percent in 2022. Highlights include: 90 percent of team members believe S&C is committed to team member safety. 86 percent of team members believe S&C is taking action to be socially responsible. 85 percent of team members have a clear understanding of what is expected of them at work. 83 percent of team members feel that they are treated with respect at work. 82 percent of team members have confidence in the future of S&C.

rewarding careers, we provide engagement and career growth opportunities, talent development programs, educational support, and a comprehensive performance management process. CONTINUOUS IMPROVEMENT THROUGH ENGAGEMENT SURVEYS Every team member’s voice is essential to driving our culture of continuous improvement. We encourage engagement by asking team members for their honest, anonymous feedback through our annual engagement survey. This survey is conducted via a trusted third-party provider to ensure team members feel comfortable sharing their experiences. Survey results help us identify strengths and develop action plans to address opportunities for improvement at both the enterprise level and within functions. In 2023, the results of the 2022 engagement survey inspired the following initiatives: • Adapting to change: To support our transformation for growth, we improved how we communicate changes and why those changes matter, with a specific focus on our corporate strategic initiatives and how we engage our leaders.

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