S&C Electric Company 2025 Sustainability Report

OPERATIONAL EXCELLENCE

CUSTOMER-CENTERED INNOVATION

DATA SUMMARY

GRI INDEX

INTRODUCTION

PEOPLE-FIRST CULTURE

CEO Message

The work we do matters. Electricity supports nearly every part of modern life, and we rely on resilient infrastructure to keep power flowing to homes, hospitals, businesses, and communities.

At S&C, resilience is fundamental to our technologies and who we are as an organization. That resilience is built on a foundation of safety. Keeping our people safe is our highest priority. It shapes how we operate, how we engage with our team members, and how we make decisions across the company. A strong safety culture drives quality, greater accountability, and high-performing teams. In 2025, our focus on safety delivered meaningful progress. We reduced our global Total Case Incident Rate (TCIR) by 15 percent and our Days Away, Restricted, or Transferred (DART) rate by 20 percent. Across our manufacturing locations, team members identified and addressed more than 7,000 potential safety issues before incidents occurred. These results reflect a culture of ownership and shared accountability. Our employee engagement survey results highlight the strength of our culture. With an 84 percent participation rate in our annual survey, 89 percent of team members said S&C is committed to their safety. Eighty-one percent said they are treated with respect at work and that S&C demonstrates ethical business conduct. Together, this feedback shows the people-first approach that has long defined S&C. Our employee ownership business model strengthens our culture. Through our 401(k) and Employee Stock Ownership Plan (KSOP), team members share directly in the value they help create. Ownership instills accountability and a shared focus on responsible decision-making that delivers long-term value.

This culture is reflected in what we call the S&C Way. It defines how we work together and deliver results. It keeps our focus on four priorities: safety, quality, innovation, and stewardship. These priorities guide how we manage risk, invest for the future, develop our people, and serve our customers and communities. The S&C Way also extends beyond our operations. In 2025, our Annual Giving Campaign and company match raised more than $376,000 across the United States and Canada. The S&C Fund contributed more than $1 million to nearly 100 organizations supporting disaster relief, food security, STEM education, and other community needs. We are proud of the work we do to keep our grid, our communities, and our company strong and resilient. By leading with safety, investing in our people, and operating the S&C Way, we strengthen our ability to empower people to transform the grid. Thank you to our team members, customers, and partners for the trust you place in S&C.

“ By leading with safety, investing in our people, and operating the S&C Way, we strengthen our ability to empower people to transform the grid.

Anders Sjoelin President & Chief Executive Officer S&C Electric Company

S&C 2025 Sustainability Report 2

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