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Environmental, Social and Governance

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Overview

At Altra Industrial Motion, we are committed to aligning our policies and practices with the needs of our key stakeholders. We believe that our business must support our environment, provide a safe and healthy workplace for our employees and play a positive role in the markets and communities that we serve.

We are guided by our Core Values, which set forth shared principles and beliefs that direct and motivate the Altra Business System. We use these Core Values to frame and understand our obligations to our business partners, employees, shareholders and communities around the world.

Core Value Icons

Environmental

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We are committed to providing a safe and healthy work environment for our employees, contractors and visitors and to managing our global organization in an environmentally sensitive and responsible manner. We further recognize an obligation to demonstrate our commitment to safety and to the environment by continuously striving to improve our performance in these areas.

At Altra, we strive to achieve the following objectives:

  • Developing and improving programs and procedures to ensure compliance with all applicable environmental, health and safety laws and regulations
  • Ensuring that our associates are properly trained and provided with appropriate safety and emergency equipment
  • Taking appropriate action to minimize hazards or to change conditions that endanger health, safety or the environment
  • Integrating sound health, safety and environmental practice in applicable operating decisions and functional areas
  • Developing and improving reuse and recycling practices and exploring opportunities to use energy efficiently throughout our operations
  • Reinforcing the expectation that Altra employees understand the health, safety and environmental concerns associated with their jobs and act in an environmentally responsible, sustainable and safe manner
  • Setting the expectation that every employee, contractor and visitor on company premises follow our Environmental, Health & Safety Policy and report any environmental, health or safety concern to company management
  • Monitoring our compliance through periodic reviews and evaluations

In connection with our efforts in this area, we have adopted the following:

Social

We are committed to respecting human rights in our own operations and to complying with the applicable laws and regulations of the countries in which we do business. As part of this, we expect our suppliers and other business partners to act in accordance with the applicable laws and regulations of the countries in which they do business.

Our commitment applies to all Altra locations and business operations worldwide. As a global organization, we regard this as representing a social and ethical commitment, as well as a key requirement for sustainably developing our business. We recognize that the diversity, health and safety of our employees is critical to our success.

In connection with our efforts in this area, we have adopted the following:

Governance

Primary responsibility for our corporate governance practices rests with the Nominating and Corporate Governance Committee (Governance Committee) of our Board of Directors (Board). The Governance Committee is responsible for, among other things:

Overseeing Altra’s policies and procedures for our Board’s nomination of persons to stand for election to serve on our Board by stockholders and consideration of any stockholder nominations of persons to stand for election to our Board

Identifying, screening and reviewing individuals qualified to serve as directors and recommending candidates for nomination for election or to fill vacancies

Reviewing annually the composition and size of our Board

Aiding our Board and our Board’s committees in their annual self-evaluations

Developing, recommending and overseeing implementation of our corporate governance guidelines and principles

Reviewing, monitoring and addressing conflicts of interest of directors and executive officers

Reviewing on a regular basis the overall corporate governance of Altra and recommending improvements when necessary

Some of the significant corporate governance practices that have been instituted by our Board at the recommendation of the Governance Committee are described and disclosed in our public filings with the U.S. Securities and Exchange Commission. Those filings can be accessed via the “Financials” tab within the “Investor Relations” section of our website.

In addition, and in connection with our efforts in this area, we have adopted the following: