DIVERSITY, INCLUSION, AND BELONGING

Carpenter Technology has a culture that builds on the different backgrounds, experiences, and perspectives of all employees to drive performance. Our commitment to diversity, inclusion, and belonging is woven into our Core Values of dignity and respect for all. By embracing our diverse perspectives, we accelerate the creation of innovative solutions that deliver value to our customers.

HUMAN RIGHTS

The human rights of our employees and employees of our business partners are respected across our organization in line with international standards, including the United Nations Guiding Principles on Business and Human Rights. Our approach to managing human rights in our organization and across our supply chain is outlined in our Human Rights Policy, which applies to 100% of our operations. We also conduct internal assessments to evaluate actual and potential risks, as required by national and international laws and regulations.

AT CARPENTER TECHNOLOGY, WE ARE ONE COMPANY FOR ALL

Diversity, Inclusion, and Belonging Committee

Our Diversity, Inclusion, and Belonging (DIB) Committee plays a critical role in advancing our awareness and engagement of diversity topics.

Comprised of volunteers from all levels and sites, the team is focused on cultivating an environment where equality thrives.

Since its inception, the committee has spearheaded several initiatives:

Diversity Training

The DIB Committee hosts employee training on diversity topics to help better understand the power of diversity, equity, and inclusion in the workplace. This includes topics such as unconscious bias.

Diversity Campaigns

Every month, the DIB Committee celebrates the various backgrounds and contributions of our employees. Celebrations include panel discussions, cultural activities, and more.

For example, Carpenter Technology hosted a Women’s Panel Discussion during Women's History Month that featured female employees discussing workplace topics, and career perspectives and advice.

“Don‘t back down from any kind of challenge. Always be willing to learn.”

— Valon A.
Production Manager,
Women’s History Month Panelist

Workplace Diversity

Carpenter Technology collects and analyzes self-reported diversity information from our U.S. employees based on the EEO-1 reporting framework.

U.S. Employee Diversity Demographics

Carpenter-Technology-U.S. Employee Diversity Demographics

*Other includes: American Indians and Alaska Natives, Native Hawaiians and Other Pacific Islanders, people who identify as two or more races, and those who choose not to answer.

Gender Demographics (4,000+ Total Employees)

Carpenter-Technology-Gender-Demographics

TRAINING AND DEVELOPMENT

Carpenter Technology is rooted in a culture of continuous improvement. Central to this culture is our ability to attract, retain, and develop the best possible talent through employee training, engagement, and recognition.

PROFESSIONAL DEVELOPMENT

Salaried employees participate in twice-yearly performance reviews involving self-evaluation and manager evaluation. We encourage leaders and employees to have regular career development and feedback sessions.

LEARNING MANAGEMENT

Carpenter Technology provides employees with access to professional skills, leadership and management, personal growth, and wellness courses through our online learning management system. Courses are offered in a variety of languages in addition to English to ensure training is accessible to our employees across the globe. In FY23, employees voluntarily completed more than 10,500 professional skills and leadership-related courses.

SUPERVISOR ACADEMY

The Supervisor Academy provides collaborative, hands-on training in critical initiatives, such as operational excellence, safety, and LEAN manufacturing. The highly interactive modules stress our Core Values, with the goal of creating best-in-class leaders. Going forward, the Supervisor Academy program will also include soft skills training related to performance and management. Since 2020, 386 employees have participated in our Supervisor Academy training.

LEAN MANUFACTURING CERTIFICATIONS

To further our commitment to continuous improvement, Carpenter Technology offers employees Lean manufacturing yellow belt and green belt certifications to strengthen employee understanding of the Carpenter Technology Operating Model. Through the certification road map, employees learn Lean principles through hands-on activities and training. In 2022, 79 employees received yellow and green belt certifications.

CALCct

The Carpenter Applied Learning Center – Critical Thinking (CALCct) program develops employee skills in risk identification, judgment, problem-solving, decision making, and nonstandard events. Through the program, employees are presented with safety or operational challenges and learn how to respond effectively.

TUITION REIMBURSEMENT

Carpenter Technology offers a best-in-class tuition reimbursement program, allowing our employees to use towards degrees and certifications. This program offers up to $11,000 per year to support degrees and certifications attainment to ensure our workforce can continue to grow and learn with Carpenter Technology.

In FY23, our employees voluntarily completed more than 10,500 professional skills and leadership-related courses.

EMPLOYEE ENGAGEMENT

Carpenter Technology strives to have a workforce that is fully engaged, embraces our Core Values, takes pride in the company, and is energized about the company’s future. This mindset drives higher morale and job satisfaction, better retention, and improved financial outcomes.

EMPLOYEE ENGAGEMENT SURVEY

Our employee engagement surveys gather employee feedback across several dimensions, including Diversity and Inclusion, Work/Life Balance, and Growth and Development. Based on employee feedback, Carpenter Technology has introduced programs to further engage our workforce by providing resources to implement company improvement.

THE REPONSE RATE TO OUR 2020 EMPLOYEE ENGAGEMENT SURVEY

CARPENTER TECHNOLOGY IMPACT AWARDS

In 2017, Carpenter Technology launched the annual Impact Awards to celebrate and recognize employees who actively demonstrate our Core Values. Awardees are chosen from five categories and awarded a monetary donation to an organization of their choice. On behalf of our Impact Award winners, Carpenter Technology has donated more than $500,000 to various organizations in the communities in which we live and work.

Since 2017, Impact Award Winners have supported more than 60 nonprofit organizations.

Carpenter-Technology-2022-Impact-Awards-larger

Carpenter-Technology-2022-Impact-Awards-camp

A SIGNIFICANT IMPACT

In 2022, Carpenter Technology’s Impact Award winners donated $110,000 across the following organizations:

United Way of Berks County
Feeding Tampa Bay
American Heart Association of Philadelphia
Children’s Hospital of Philadelphia
Animal Rescue League of Berks County
Still Serving Veterans
St. Jude Children’s Research Hospital
Centers for the Developmentally Disabled North Central Alabama
Morgan County Child Advocacy Center
Autism Society of Berks
Wounded Warrior Project
Literacy Council of Reading-Berks

Photo, left: Take a Friend Fishing with Carpenter Technology Cares

EMERGING TALENT

We are always looking for the next generation of innovators to help us tackle the challenges and opportunities of tomorrow. Finding innovative minds starts with recruitment from talented and diverse pools.

Associate Metallurgy Program

Our Associate Metallurgy program provides recent graduates across Reading, Latrobe, and Athens an opportunity to engage in direct, hands-on experience within the Specialty Alloys Operations of Carpenter Technology. Participants are cross-trained through 12-week rotations in two areas of expertise — product and process, and research & development — then choose their preferred career path at Carpenter Technology. This model allows participants to have direct visibility to several areas of company processes and helps develop skills outside their comfort zone.

Internship Program

Interns are exposed to real-life work experiences that make meaningful contributions to organizational needs and goals. Internship roles include positions in Commercial, R&D, HR, EHS, Finance, Legal, Supply Chain, and Operations teams. Beyond the challenge and reward of working with Carpenter Technology, interns can expect a competitive pay structure, paid holidays, networking, and opportunities for professional development.

93% of the Summer 2022
Intern Class were extended offers for full-time employment or return internships

COMPENSATION, BENEFITS, AND EMPLOYEE RECOGNITION

Our Total Rewards program demonstrates our commitment to making Carpenter Technology a great place to work. The following programs highlight some of the benefits that keep the needs of our employees and their families in mind:

Compensation: Market-competitive, performance-based, and equitable compensation structure.
Health and Wellbeing: Comprehensive health care coverage to support physical and mental wellbeing and access to our Global Employee Assistance Program (EAP) system.
Financial Security: Retirement benefits, including a 401k retirement plan.
Work-life Balance: With family-focused paid leave options.
Career Development: Access to thousands of digital training courses through our learning management system, with opportunities for further career development via internal programs and tuition assistance.

CYBERSECURITY ENGAGEMENT

Our cybersecurity team is committed to ensuring company and employee information is secure. Through a series of employee engagement efforts, including monthly training, internal communication campaigns and alerts, our cybersecurity team ensures our employees are aware of potential cybersecurity threats.

Through their efforts, Carpenter Technology ranked on the Forbes “America’s Most Cybersecure Companies” list. For more information about our Cybersecurity approach, read the Governance page.

COMMUNITY ENGAGEMENT

We are passionate about the communities where we live and work. With our employee-driven community service program and partnerships with United Way, Carpenter Technology and employees provide not only donations, but also time and support through volunteerism.

Carpenter Technology Cares is our employee-driven community service program. The mission is to provide our time, skills, and compassion to better serve the communities where we live and work.

Take a Friend Fishing

In 2023, our Carpenter Technology Cares team and their family members volunteered at the 33rd annual Take a Friend Fishing event. Our volunteers helped create a fun-filled day of fishing, swimming, and games for approximately 100 children from the Reading Olivet’s Boys and Girls Club.

UNITED WAY

Partnering with the Community

Our relationship with United Way is central to our community engagement efforts. Carpenter Technology provides corporate support to address and invest in programs focused on immediate and evolving community needs.

In addition, several Carpenter Technology employees participate in United Way Berks leadership, including the Board of Directors, Campaign Cabinet, and Blueprint for Leadership program, which trains individuals to serve in leadership volunteer positions throughout the community.

Last year, Carpenter Technology and employees provided monetary donations to several United Way locations across the country, donating more than $550,000.

SUPPORTING EDUCATION

Cybersecurity Education

Carpenter Technology’s Cybersecurity team continues to partner with Reading Area Community College (RACC) to support nontraditional students pursuing a career in cybersecurity by offering scholarships and training to students seeking careers in cybersecurity. Through our efforts, we can fund the cost of official certification testing, allowing talented individuals to achieve a career in cybersecurity opportunities that are available at Carpenter Technology and across the industry.

The cybersecurity team has also partnered with Calhoun Community College to establish a co-op program offering real-world experiences to students in the North Alabama community. In addition, the team participates in speaking engagements at Calhoun Community College’s Summer Cyber Camp to encourage middle through high school students to seek career opportunities in cybersecurity.

Sponsoring the Eisenman Materials Camp

Carpenter Technology metallurgists and engineers volunteer their time to organize and mentor students and teachers at the Eisenman Materials Camp through the ASM Education Foundation. The camp, hosted at Lehigh University, entices K-12 students and teachers to learn more about materials sciences and engineering. Students and teachers participate in hands-on, highly interactive, lab-based activities to introduce material sciences and metallurgy, a critical field for Carpenter Technology’s products and processes. Through financial support and volunteerism, Carpenter Technology has supported the Eisenman Materials Camp and ASM Education Foundation for more than 10 years.

We're your best partner for building a better future.

Social Responsibility