Moog: Moog : Esg Report FY 2024

Moog Fiscal Year 2024 Sustainability Report Shaping the way our world moves TM Contents INTRODUCTION 3 A Message from Our CEO 3 A Message from Our Director of Sustainability 4 Our Sustainability Ambitions 5 OUR BUSINESS 6 About Moog 7 Our Culture & Values 9 Customer Focus 11 Sustainable Product Innovation 12 Quality and Certifications 13 Cybersecurity and Data Protection 16 Business Ethics 18 GOVERNANCE 20 Governance at Moog 21 Stakeholder Engagement 24 Double Materiality Assessment 25 Our Sustainability Strategy 26 Climate Risk 28 ENVIRONMENT 30 Protecting Our Planet 31 Energy and Climate Change 33 Water Management 34 Waste Management 36 Biodiversity 37 SOCIAL 38 Our People and Communities 39 Employee Engagement 40 Environmental, Health, and Safety 41 Employee Well-Being 42 Diversity, Equity, and Inclusion 43 Talent and Development 45 Supply Chain Responsibility 47 Community Investment 48 APPENDIX 50 Moog Policies and Additional Resources 51 United Nations Sustainable Development Goals 52 SASB Index 53 Consolidated Data 57 Disclosure Regarding Forward-Looking Statements 59 Shaping the way our world moves TM A MESSAGE FROM OUR CEO INTRODUCTION Sustainability at Moog is about adapting to the evolving needs of our many stakeholders-our customers, employees, suppliers, communities, and investors. The principles of sustainability are integral to our business growth strategy and inspire us to find innovative ways to protect our people, community, and planet. We have made significant strides in these areas over the past year, as detailed in the following pages of our second Sustainability Report. Here are a few highlights from 2024 that I'm especially proud of: We invested in new factories and solar array retrofits that will collectively reduced Moog's emissions by 650 MT of CO2 equivalent (CO2e), with plans to further reduce emissions through additional installations in the coming months. We partnered with Planet Water ® Foundation on water purification projects that positively impact the communities surrounding our factories in India and the Philippines. We continued to make strides in reducing hazardous waste and promoting a safer, cleaner production process. We expanded our employee giving and volunteering platform to include our more than 8,000 employees from the U.S., U.K., and Canada. We launched a pilot program to give employees paid time off to volunteer. We are committed to providing a clear picture of our sustainability performance. Since our last report in August 2022, we have published two Sustainability Accounting Standards Board (SASB) disclosures and have incorporated a third disclosure in this report. Additionally, we have included data from our first-year response to CDP assessment requests. These efforts reflect our commitment to transparency and readiness for the upcoming mandatory disclosures in the jurisdictions where we do business. I want to thank all our stakeholders, including our customers, suppliers, and our more than 13,500 employees for your continued support and collaboration as we work toward our sustainability goals. Together, we are making a difference, and I am confident that with our collective efforts, we can achieve the remarkable. 3 President and CEO, Moog Inc. Shaping the way our world moves TM A MESSAGE FROM OUR DIRECTOR OF SUSTAINABILITY Welcome to our second Sustainability Report. I am pleased to share the progress we have made in becoming a more sustainable business over the past year. In my role as Director of Sustainability, I'm always thinking about both our long-term ambitions and the short-term initiatives that will help us achieve our goals. It has been immensely gratifying to see the leaps we have made recently in our shorter-term efforts. At Moog, our goal is to reduce our Scope 1 and 2 greenhouse gas (GHG) emissions by 40% from a FY22 baseline by 2030. We have made meaningful progress toward this goal in 2024 by deploying energy-efficient solutions across our operations, including installing a 1 MW solar array on our factory in Wolverhampton, U.K., with a similarly sized solar system under construction at our site in Baguio, Philippines. Furthermore, we have a number of other projects in the pipeline as we work towards our 2030 goal. In addition, we are progressing toward a full climate risk assessment of our factories and businesses. This assessment will provide us with strategic insight as to where and how we can take advantage of the opportunities that electrification and decarbonization offer and mitigate the risks that climate change represents to our physical assets. We have also made progress against our broader environmental goals. For example, we are working on cutting our water use at sites identified by the World Resources Institute (WRI) to be under water stress. These projects will not only reduce water consumption, but increase access to clean drinking water for local communities. And we have established a means to reduce our most impactful hazardous wastes by assessing those substances that are most harmful to people, community, and planet and removing them from our processes. In our social and community endeavors, we are making great strides in how and where we donate our funds to local organizations. Our goal is to ensure our success as a company is linked to the livelihood and resilience of the communities where we do business. Our initiatives include financial grants, sponsorship funding, and, as of this year, a pilot program that gives our employees in Western New York and the U.K. paid time off to volunteer with the community organizations they care most about. Our journey toward sustainability is a long one, with many steps along the way, but our path remains consistent: To focus on people, community, and planet in our direct operations and supply chain activities. To continue to be a force for sustainability in the markets where we do business. To leave a legacy for future generations. Our aspirations are ambitious, and we have much work to do. However, we see the tremendous opportunities associated with making a sustainable transformation. Hamish Ferguson Director of Sustainability 4 Shaping the way our world moves TM OUR SUSTAINABILITY AMBITIONS At Moog, we are committed to leading the way toward a more sustainable future by setting ambitious targets and implementing innovative strategies that drive environmental stewardship and social responsibility. INTRODUCTION Greenhouse Gas (GHG) Emissions Reduce our scope 1 and 2 greenhouse gas (GHG) emissions by 40% by 2030, from a FY22 baseline. Focus on the top 10 contributing sites that represent nearly 80% of our total global GHG emissions footprint. Water Consumption Achieve a 20% reduction in water consumption from a FY22 baseline in "extremely high" and "high" water-stressed regions (as classified by World Resources Institute), where we operate by 2030. Improve our water efficiency and management practices across our top 10 highest water-consuming sites that account for more than 90% of our global consumption. Hazardous Waste Generation Reduce our total hazardous waste generation across our operations from a FY22 baseline, tackling as a priority those hazardous wastes that have greatest impact on people, communities, and planet. Focus on the top 10 hazardous waste-generating sites that represent more than 90% of our total hazardous waste. 5 OUR BUSINESS Shaping the way our world moves TM ABOUT MOOG Shaping the Way Our World Moves Moog (NYSE: MOG.A and MOG.B) designs and manufactures advanced motion control systems and precision components for aerospace, defense, industrial, and medical applications. Our innovation and cutting-edge technology positively impact millions of people-on land, at sea, in the air, and in space-playing a vital role in creating a healthier, safer, and more sustainable world. Our Markets and Applications We deliver innovative motion control solutions across a range of end markets. OUR BUSINESS Space and Defense Multi-domain solutions across Space Air Land Sea Military Aircraft Advanced primary flight controls on the latest military aircraft Mission-critical controls and products Aftermarket support Commercial Aircraft Critical primary flight controls on the latest commercial aircraft and business jets Critical controls and sub-systems Aftermarket support Industrial Industrial automation Medical Simulation and test Energy 7 Shaping the way our world moves TM Moog at a glance We are a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and control system. OUR BUSINESS 1951 Over $3.6 B More than 13,500 20 Founded by Employees FY2024 Revenue Countries Bill Moog FY24 Revenue Contribution Business Segments 22% Space and Defense Military Aircraft Commercial Aircraft Industrial 28% 14% 23% 33% 43% 16% 45% 57% 23% 77% 67% 25% 27% Defense Original equipment Original equipment Industrial automation Space manufacturer manufacturer Medical Aftermarket support Aftermarket support Simulation and test Space and Defense Military Aircraft Energy Industrial Commercial Aircraft 8 Shaping the way our world moves TM OUR CULTURE & VALUES Perspectives on Our Culture from Leadership OUR BUSINESS A Legacy of Innovation and Collaboration When Bill Moog founded our company, he sought to form a collegial atmosphere where people were free to exercise their creativity and initiative-a place where people wanted to work. Through the years, we have grown, evolved, and changed, but our core values have remained consistent. Our Core Values Our core values create a workplace culture where competence, commitment, and trust are present in everything we do. They provide a foundation for our exceptional culture. While we may see our business change and evolve over time, our core values and culture will remain embedded in all that we do. They influence the way we treat each other, the way we make decisions, and are critical to our success. Celebrating