IDEX: IDEX : ESG Report (2024 IDEX Sustainability Report)

2024 Sustainability Report At IDEX, we create trusted solutions to improve lives. We seek to grow sustainably in dynamic markets through united expertise, differentiated by the power of 80/20. Contents FROM OUR LEADERSHIP 3 CEO Message 4 CSO Message ABOUT IDEX 6 Who We Are 8 What We Do 9 Company Highlights SUSTAINABILITY AT IDEX 11 Our Commitment to Sustainability • Material Topics • Targets and Goals • Awards and Recognition 15 Sustainability Highlights SUPPORTING A VALUES-BASED CULTURE 17 Governance Structure 19 Sustainability Governance • Stakeholder Engagement 21 Ethics and Compliance 23 Cybersecurity, Data Privacy, and AI 24 Responsible Sourcing and Supply Chain 26 Human Rights and Fair Labor Practices PRIORITIZING PEOPLE 28 Great Teams 30 Talent Development 32 Diversity, Equity, and Inclusion 34 Employee Benefits and Well-Being 35 Environmental, Health, and Safety 37 IDEX Giving • The IDEX Foundation: A Decade of Giving • Our Positive Impact on Our Communities DRIVING GROWTH THROUGH INNOVATION 43 Innovative Products and Solutions • Solutions for Fast-Growing Technologies • Solutions with an Environmental and Social Impact 50 Product Quality, Safety, and Compliance PROTECTING THE PLANET 52 Environmental Sustainability and Stewardship 55 Energy Use and Emissions 57 Reducing Our Operational Impact 58 Conserving Water 59 Managing Waste 60 Protecting Biodiversity SUSTAINABILITY REPORTING 62 Sustainability Data Tables 65 Sustainability Standards and Reporting Frameworks 87 IDEX Policies and Governance Documents 88 About this Report A Message from Our CEO and President At IDEX, we view sustainability as focusing on the needs of the present - for our customers, our people, our shareholders, and our communities - without compromising the ability of future generations to meet their needs. That means doing great work to balance the economic, social and environmental requirements of present and future generations of people who are - and who will be - part of IDEX. This isn't a new concept for us. Our shared purpose of " Trusted Solutions, Improving Lives " has always conveyed our commitment to positively impacting the world around us, keeping all of our key stakeholders in mind. On the pages that follow, you will see stories of our people designing highly engineered mission critical components to meet the evolving needs of our customers, all within a values-based culture focused on doing the right thing, developing and leveraging great teams, and contributing to the communities in which we work. IDEX teams are rising to the occasion in fast-growing technologies related to, among other things, life sciences, intelligent water, space technologies, high-performance semiconductor fabrication and metrology, rescue technologies and energy transition. We're also focused on meeting the ever-increasing needs of our customers to work faster, safer, and more efficiently. Our highly-engineered pumps and valves businesses are rapidly deploying digital tools to help accelerate our customers' ability to find the severe duty fluidic handling solutions they need for their most difficult challenges. Likewise, we are expanding our automation capabilities within our fire and safety solutions to increase on-scene speed and agility. This IDEX 2024 Sustainability Report highlights the accomplishments of our unique businesses united by 80/20 and the IDEX operating model to drive efficiency, This IDEX 2024 Sustainability Report highlights the accomplishments of our unique businesses united by 80/20 and the IDEX operating model to drive efficiency, innovation and growth." innovation and growth, set against an entrepreneurial culture that allows us to quickly identify and execute in high-value markets. For us, it's about now, and the future. About meaningful success today, and sustained performance over time. About partnering with our customers to seize opportunities to improve the world now, in a way that allows our thriving company to positively impact the world for many years to come. It's about contributing to the prosperity of the communities we serve and the preservation of our environment. Our report addresses our sustainability efforts in four critical areas: • Supporting a Values-Based Culture • Prioritizing People • Driving Growth Through Innovation • Protecting the Planet Since publishing our last report, I'm proud of the progress we have made on our sustainability initiatives, underscored at all times by our core IDEX Values of Trust, Team, and Excellence. While we are pleased with the progress made, there is more to do. The challenges of a dynamic world around us require sustained effort. At IDEX, we are determined to be part of the solution. We are grateful for the people who make this a great company and for the partnership of many stakeholders on this journey. I invite you to work with us to drive meaningful change and ensure that IDEX continues to meet the needs of today, while preserving and building for the needs of the future. I invite you to explore our 2024 Sustainability Report to learn more about our initiatives, achievements, and aspirations. We look forward to building a sustainable future together. Eric D. Ashleman CEO & President IDEX Corporation TRUSTED SOLUTIONS, IMPROVING LIVES A Message from Our Chief Sustainability Officer The world around us continues to change. At IDEX, we continue to adapt along with it in order to meet the needs of our key stakeholders, now and in the future. Sustainability is a broad topic and means different things for different companies. I've had the opportunity to partner with the executive leadership team and other senior leaders, utilizing feedback from key stakeholders through various materiality assessments, to identify and define the topics most meaningful to IDEX and focus our strategy accordingly. Since publishing our last report, we have made progress on key initiatives. We continue to assess and evolve our internal governance structures to drive accountability and alignment across all levels of the organization. Our teams continue to partner closely with customers to solve their toughest challenges, some that address resource efficiency and others that help our customers adapt to and excel in the dynamic world around them. We are focused on the success, development, and well-being of our people and on the communities in which we operate. We are learning about and deploying various ways to improve the impact our operations have on the environment. As we move forward, our focus will remain on embedding sustainability across our operations and value chain. In parallel, we continue to enhance our data collection efforts, improve cross-functional collaboration, and increase stakeholder engagement. We are implementing internal systems that will help ensure the accuracy, reliability, and audit-readiness of various metrics to meet stricter disclosure requirements. Our teams across sustainability, legal, finance, and operations are working together to build sustainability into the way we do business. We have amplified our engagement with industry groups to stay ahead of regulatory developments and contribute to the shaping of fair and effective policies. We recognize that various regulatory frameworks can present opportunities to drive innovation, create value, and demonstrate leadership in addressing As we move forward, our focus will remain on embedding sustainability across our operations and value chain." global challenges. With that in mind, we are intensifying our efforts, aligning our work with identified United Nations Sustainable Development Goals (UN SDGs), reporting to impact-based frameworks, and striving to engage and educate more people around our dynamic workforce. Our approach to reporting remains guided by a commitment to transparency, integrity, and continuous improvement. I'm proud to be part of a company that defines sustainability in a way that makes sense for our businesses, our employees, our communities, and our shareholders, and that seeks to continuously improve for future generations. BUILDING A SUSTAINABLE FUTURE Sincerely, Abigail Roche Vice President, Chief Sustainability Officer & Associate General Counsel IDEX Corporation ABOUT IDEX IDEX is a global manufacturer of highly engineered components and applied solutions that touch virtually every aspect of life. With a portfolio of innovative products to meet our customers' critical engineering needs, IDEX is dedicated to creating a better tomorrow. IN THIS SECTION 6 Who We Are 8 What We Do 9 Company Highlights Who We Are We deliver trusted solutions that serve as essential components in dynamic end markets. Great teams innovate and collaborate with speed and scale, united in expertise through 80/20 and the IDEX Operating Model. Since our inception in 1988 with three entrepreneurial manufacturing companies, we have expanded to include over 50 businesses worldwide, unified by a shared mission to address critical needs with excellence and reliability. Our products play a vital role across a broad spectrum of industries, and we operate within a framework designed to foster operational excellence while enabling our businesses to remain agile, customer-focused, and innovative. This approach ensures that each business maintains the entrepreneurial spirit, creativity, and problem-solving expertise that form our foundation, while also benefiting from the resources, scale, and global reach of a multibillion-dollar enterprise. United by our core IDEX Values of Trust, Team, and Excellence, and driven by a culture of collaboration and servant leadership, we continue to deliver solutions that make a meaningful difference. Our ability to integrate the strengths of independent businesses with the capabilities of a global organization is key to our ongoing success and the value we provide to stakeholders around the world. OUR MISSION, VISION, AND VALUES IDEX lives its mission of Trusted Solutions, Improving Lives in coun