Demonstrating Integrity in Everything We Do
Zurn Elkay’s robust governance and ethics strategy includes clearly defined structures, policies and practices that embed our commitment to integrity across our business and ensure we are transparent and accountable to all our stakeholders.
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Our Governance and Ethics Targets
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Train 100%
Progress: Achieved
Train 100% of associates on Code of Business Conduct and Ethics annually
Achieve 30%
Progress: 20% of 30%
Achieve 30% female representation on Board of Directors by 2024
Adopt TCFD
Progress: Achieved
Adopt TCFD reporting framework reporting in addition to SASB by 2022
Target 8%
Progress: 1.4% of 8%
Target 8% supplier spending with diverse businesses by 2025
Corporate Governance Structure
We drive our commitment to strong governance and ethical business practices from the highest levels of our organization. The Zurn Elkay Board of Directors leads these efforts by overseeing company management on behalf of our shareholders.
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Our Board of Directors' ESG Committee Roles and Responsibilities
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Monitoring performance on ESG initiatives
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Reporting on ESG activities
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Responding to shareholder proposals on ESG matters and other significant ESG-related stakeholder concerns
Compliance and Ethics
Code of Business Conduct and Ethics
The Zurn Elkay Code of Business Conduct and Ethics guides our behavior across all business units and levels of the company, defining responsibilities, providing resources and guiding training on various areas, including our Anti-Corruption Law Policy and procedures.
Anti-Corruption Law Policy
As a multinational company, Zurn Elkay operates under several different regulatory and legal regimes, including the U.S. Foreign Corrupt Practices Act (FCPA) and other local and international bribery and corruption laws.
Human Rights Statement
In 2022, we also made our Human Rights Statement a stand-alone policy that we communicate to our associates and suppliers, and we added annual human rights training for all our associates.
Tax Transparency
We are committed to complying with tax laws, as well as following the spirit of those laws, in the countries in which we operate.
Responsible Sourcing
Enhancement of Key Performance Indicators
Reexamining each company’s legacy supply chain goals, KPIs and strategies also allowed us to combine the best from both firms to enhance our efforts around supply chain sustainability.
Supplier Screening and Assessment
Our supplier screening program uses a systematic approach to on-board new suppliers that includes supplier self-declaration and validation through internal supplier audits of key environmental and social performance indicators.
Supplier Quality and Development Program
Our suppliers are essential partners in achieving our supply chain sustainability objectives. We offer a Supplier Quality and Development Program to ensure that they share our understanding of critical issues, such as environmental and social impacts, and possess the tools to improve the sustainability of their operations.
Critical Materials and Conflict Minerals
Zurn Elkay is committed to sourcing components, raw materials and products from companies that share our values around human rights, ethics and environmental responsibility. As such, the responsible sourcing of minerals is a fundamental element of our Conflict Minerals Policy.
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OUR GOVERNANCE & ETHICS COMMITMENT IN ACTION
Governance and Ethics
Upholding the UN Global Compact Across Our ESG Strategy
In 2021, we joined the United Nations Global Compact (UNGC), a voluntary leadership platform for the development, implementation and disclosure of responsible business practices.
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Enhancing Our Reporting Process
We continue to evaluate internationally recognized standards of ESG programs, and for the first time, Zurn Elkay has aligned our reporting with the Task Force on Climate-Related Financial Disclosure framework.
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Ensuring Sustainability in the Supply Chain
Our suppliers are essential partners in achieving our supply chain sustainability objectives.
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