Climate, Carbon, and GHG Emissions

Climate change presents significant challenges for businesses, communities, and the planet. Atkore is committed to reducing GHG emissions across our operations, utilizing our product offerings to support the low carbon economy transition, and strategically addressing the implications of climate change for our business.

Further, we are pursuing alignment with the recommendations of the TCFD to more effectively disclose Atkore's climate-related risks and opportunities. As part of this effort, we have conducted scenario analyses with the support of a third-party consultancy. Please refer to the 2022 Sustainability Report for additional disclosures related to governance, strategy, risk management, and metrics and targets.

Governance

The Nominating & Governance Committee of Atkore's Board of Directors has oversight of ESG issues, including climate-related risks and opportunities. The Committee is informed quarterly about Atkore's progress against our GHG emissions intensity goal and supporting key performance indicators. The full Board of Directors receives an annual update regarding the Company's long-term ESG strategy.

Atkore's EHS team monitors and manages the company's GHG emissions and energy use. On a quarterly basis, Atkore's Executive Steering Committee reviews environmental metrics and progress against internal key performance indicators. This information is further relayed to the Nominating & Governance Committee of the Board.

Strategy

Atkore has analyzed transition and physical climate risks and opportunities through 2050 under business-as-usual and low emission scenarios. Across site locations, the top hazard in the present timeframe is river flooding while the main emerging climate hazard is projected to be water stress. Such climate-related physical risks could pose a risk to Atkore's physical assets, present potential health and safety risks to employees, impact suppliers, and affect distribution networks.

Atkore's electrical products can support the low carbon transition as electrification increases, more renewable generation infrastructure is built, and electric vehicle charging infrastructure is deployed at a larger scale. Demand for PVC electrical conduit, HDPE conduit, metal conduit, and safety & infrastructure products may also increase as a result of climate policies that could push to build out climate-resilient infrastructure.

Risk Management

Atkore strives to manage transition risks associated with a lower carbon future primarily by reducing our operational GHG emissions. Our greatest source of Scope 1 and Scope 2 emissions is generated from our industrial plants using grid electricity. We aim to reduce our energy use through our partnership with ENERGY STAR, which also decreases our GHG emissions. Company initiatives to reuse and recycle raw materials in operations may also help to support lower environmental, energy, and emissions impacts. Please read more about these efforts in the Energy and Product Life Cycle sections of our website.

Metrics and Targets

Atkore remains committed to our Climate, Carbon, and Emissions goal. Atkore's Scope 1 and Scope 2 GHG emissions and other relevant environmental metrics are available in our annual Sustainability Reports.