Trifast plc Sustainability Report 2022
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Innovation today for a better tomorrow Trifast plc Sustainability Report 2022

Welcome to the Trifast Sustainability Report Our purpose To provide Trusted Reliability at every turn to our customers, suppliers and our people, empowering them to deliver sustainable products and solutions that add value to society and our planet To promote an environment that is safe and fair, which motivates, develops, and maximises the contribution and potential of all employees • Investing for organic growth • Project Atlas • Engineering-led innovation • Accelerated acquisition journey Our vision To enable innovation today for a better tomorrow To be acknowledged commercially as a...

Contents Business introduction Driving growth through our business model Operating in attractive markets Strategy introduction 02. reate socio-economic C value Reporting scope and boundaries Sustainable governance Case study: EV light vehicles Case study: LifeWorks Our five‑year sustainability strategy framework (2022-2026) This Sustainability Report provides an account of the management approach and performance trends of the material environmental, social and governance issues for Trifast plc The reporting period used for the performance data is the financial year ending 31 March 2022 This...

Business introduction CEO introduction Driving growth through our business model Operating in attractive markets Trifast plc Sustainability Report 2022

Our strategy sets out the blueprint for an exciting future Ratings and achievements These indicators have now been expanded to include a more detailed overview of our sustainability performance, supporting the ongoing commitment to our sustainability strategy. In addition, we have also included a second level of KPIs which we believe will support functional reporting of sustainability data. I am pleased that our work to explore and assess climate‑related risks and opportunities has gone well and for the first time this year our Annual Report includes disclosures in line with the Task Force...

CEO introduction continued Opportunities in a changing world As part of our Sustainability Report last November, I highlighted our step change in ambition and our focus on a sustainable strategy. Our strategy sets out the blueprint for an exciting future for the business in its ambition to deliver sustainable products that add value to society, and to become a much bigger company. The world is changing fast – not only as a result of the Covid-19 pandemic but through global technological advances, legislative changes, the way we work, shop, interact and collaborate with all our friends,...

Where we operate Additional facts global locations manufacturing sites ead office Trifast plc H Charlotte Houston Kentucky South Carolina Manufacturing & distribution sites Trifast plc & Group Services Uckfield Belfast Birmingham East Grinstead East Kilbride Lancaster Manchester Newton Aycliffe Poole Trifast plc Sustainability Report 2022 Distribution sites Germany – Verl Holland – Oldenzaal Hungary – Szigetszentmiklos Ireland – Mallow Italy – Fossato di Vico Norway – Skytta Poland – Warsaw Spain – Barcelona Sweden – Nacka, Tidaholm & Gothenburg Technical & innovation centres TR Asia...

Driving growth through our business model Trifast is a leading international specialist in the design, engineering, manufacture and distribution of high-quality industrial fastenings and Category ‘C’ components principally to major global assembly industries Our competitive strengths A leading global brand TR is a recognised and established global brand across a wide range of manufacturing sectors Technical know-how & design-led engineering capabilities Our engineering teams get involved from the start of the enquiry and design process, collaborating with our global OEM/Tier 1 customers to...

Our distinctive mix of engineering expertise, high‑quality manufacturing and adaptable, reliable global logistics supports delivery of our purpose Creating value Assemblies cannot function without fastenings. Our custom-engineered components support the freedom and versatility of design necessary to allow our customers to create world-class products In addition, we provide invaluable input when engaged early in the design phase. Our engineers’ design expertise helps solve customer application problems within an assembly, providing cost efficiencies as well as enhancing performance Our...

Operating in attractive markets Fast-paced markets driven by environmental and technological change create new opportunities across sectors, products and geographies c.£60bn Market worth What sets Trifast apart Trifast is one of only a handful of global fastenings suppliers, setting us apart from the many national and regional players that operate in our market. This puts us in a prime position to support our multinational and global customers as they continue to look to rationalise their supplier base Light vehicle Passenger vehicles, SUVs, niche builds, leisure and off‑road – 2 &...

Health & Home Medical, health and domestic appliance industry Our personal wellbeing has finally reached the top of the list for many governments, institutions and employers alike. While wellbeing is a deliberately broad term, from psychological to physiological and all that is in between, the change to society has brought into sharp focus the tools needed to promote better personal outcomes. Our health & home market sector captures many of those tools that are of a physical construct – from rowing machines and electric bikes, to washing machines, coffee makers and hair dryers – they have...

Strategy introduction Our strategy: Securing a sustainable future The strategy landscape Our five‑year sustainability strategy framework (2022-2026) 13 Trifast plc Sustainability Report 20

Trifast is committed to securing a sustainable future. Our sustainability strategy is helping us to play our part in shaping a sustainable economy, using our technical expertise to drive innovation that adds value to society and our planet The strategy landscape With our increased focus on taking firm action on sustainability, we are well placed to deliver transformational change within our operations, with our customers and across our supply chain. Our strategy was developed to encompass five major drivers which are all underpinned by strong corporate governance. Green growth Customer...