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GOVERNANCE 

Carpenter Technology is committed to maintaining strong and effective corporate governance practices to deliver shareholder value and maintain accountability to our stakeholders.

Carpenter Technology 2024 Governance
Carpenter Technology 2024 Governance

Board Composition

Our Board of Directors comprises 11 directors, of which 10 are independent, with one, our President and Chief Executive Officer, being an employee director. The roles of Chairman of the Board and Chief Executive Officer are split into two separate positions, which allows our Chief Executive Officer to concentrate on operational and strategic issues while the Chairman focuses on governance and Board leadership. In addition, our Board regularly meets in executive sessions, without management, to facilitate communication among independent directors.

 

The skill set of our current Board is broad and diverse, with experience in operational manufacturing, finance, strategy, international, R&D, and innovations, as well as CEO experience and key industry experience. Additionally, 40% of our Board members are women or ethnically diverse. Further information on our current Board members, including committee roles, can be found in our 2024 Proxy Statement.

 

VIEW THE 2024 PROXY STATEMENT

VIEW THE INVESTOR RELATIONS WEBSITE

 

ESG Resources


Sustainability Reporting

• Sustainable Accounting Standards Board Tables
• Taskforce on Climate Related Financial Disclosure (TCFD) Report
• Previous Sustainability Reports


Legal

• Supplier Code of Conduct
• Conflict Minerals Policy
• Conflict Minerals Disclosure
• Conflict Minerals Reporting
• Anti-Human Trafficking and Slavery Statement


Investor Relations

• Proxy Statements
• Annual Report
• SEC Filings
• Corporate Governance Guidelines
• Code of Conduct & Ethics


Quality Certifications

• Quality Information Brochure
• ISO14001 Certifications
• Nadcap Certifications
• Customer Certifications
• …and more

Ethics and Compliance

Employee Expectations

We expect our employees, management, and Board of Directors to act in accordance with the highest ethical standards and integrity as embodied in our Code of Business  Conduct and Ethics. We are committed to maintaining a culture rooted in respect for fundamental human rights, consistent with our Core Values. Our Human Rights Policy applies to all employees, customers, and vendors and sets forth our approach to ensuring socially responsible business practices.

In addition, the Board of Directors has adopted a Code of Ethics for Carpenter Technology’s CEO and senior leadership.

All salaried, full-time employees receive annual ethics and compliance training on the Code of Business Conduct and Ethics, including topics such as conflicts of interest, anti-corruption, trade compliance, diversity, and ethical work practices. In addition to the formal compliance program, the Board encourages management to continuously promote a corporate culture that incorporates business integrity into Carpenter Technology’s overall corporate strategy, business, and day-to-day operations. Our Code of Business Conduct and Ethics applies to all employees, including management, executives, and our Board of Directors.

Compliance Reporting

To encourage compliance with our ethical standards, Carpenter Technology maintains EthicsPoint®, an anonymous, third-party electronic reporting system and telephone hotline available 24 hours a day, 7 days a week in multiple languages. Concerned stakeholders such as employees, suppliers, and customers can file reports or concerns about possible ethical violations, including ESG-related matters, without fear of identification or retaliation. Carpenter Technology investigates all reports. We take reports seriously and endeavor to respond to concerns within 48 hours.

Cybersecurity and Risk Management

As cybersecurity risks continue to affect businesses globally, Carpenter Technology understands protecting business, employee, and customer information, data, and systems is of critical importance. Through a series of cybersecurity imperatives aligned with the National Institute of Standards and Technology (NIST), Carpenter Technology identifies and manages potential cyber risks. Imperatives include:

  • Increasing Visibility
  • Rapid Response
  • Shrink Surface of Attack
  • Identity Management
  • Supply Chain Risk Management
  • Data-Centric Security

Cybersecurity Engagement

Our cybersecurity team and organizational partnerships ensure our employees, intellectual property, and customers are protected from various cyberthreats. Our cybersecurity team demonstrates competence through best-in-class certifications and engages regularly with third parties and federal organizations to further protect our information.

Carpenter Technology maintains a Cybersecurity Incident Response Plan (CIRP) which provides specific guidance and documentation for proper incident handling and communication. The CIRP applies to all locations and situations where our business is conducted. All cybersecurity incidents, regardless of severity, are to be promptly handled according to this plan.

The Audit/Finance Committee of the Board of Directors oversees the Company’s risk management program, including information security. The Board of Directors is also regularly briefed on Carpenter Technology’s cybersecurity risks and mitigation efforts.