One of our most significant achievements in 2025 was the implementation of a robust sustainability reporting platform that has transformed how we collect, manage, and report data across our organization. This investment enhances the quality, consistency, and auditability of our sustainability information and supports a more disciplined approach to managing environmental, social, and governance data. As reporting requirements continue to evolve globally, we are better positioned to provide transparent, reliable information and support our stakeholders' increasing expectations.
We also continued to strengthen our internal controls, governance processes, and risk management practices. Throughout the year, we advanced our approach to sustainability oversight, improved monitoring capabilities, and remained focused on understanding and responding to an increasingly complex regulatory landscape. As our operations expand across different jurisdictions, maintaining compliance and a proactive risk management mindset will continue to be essential components of our strategy.
Just as importantly, our sustainability efforts remain closely aligned with the priorities of our customers. We recognize that customers are increasingly seeking partners who can provide not only operational excellence and technical expertise, but also transparency, accountability, and support for their own sustainability objectives. By enhancing our reporting capabilities, strengthening governance practices, and improving the quality of our data, we are better equipped to meet those expectations and support our customers' goals.
Highlights from 2025 include:
- We made significant enhancements to our business infrastructure, strengthened sustainability data collection, and educated employees on these efforts, building a foundation for continued growth and improvement in 2025 and beyond. We continue to improve primary data collection and enhance data accuracy, completeness, and consistency across our brands.
- We established a Cybersecurity and Data Protection Council to ensure continuous monitoring and swift addressing of cybersecurity and data loss risks to our business.
- We enhanced our Health, Safety, Environment, and Quality (HSEQ) approach by implementing our HSEQ Toolbox—a standardized framework to strengthen safety practices across the company—and developed an internal incident investigation training program.
- We continued to promote our company culture, offering team-building events, professional development opportunities, and community outreach initiatives.
This report highlights the progress we have made across our organization during 2025, including the completion of a climate risk assessment, implementation of our reporting platform, continued investment in cybersecurity and data governance, and enhancements to our health, safety, environment, and quality programs. These efforts reflect our commitment to continuous improvement and responsible business practices.
I am grateful for the dedication of our employees around the world, whose commitment to our Shared Core Values drives our success every day. Together, we will continue to grow responsibly, operate safely, and create lasting value for our stakeholders.
Sincerely,
Dave Lesar
Chairman and Chief Executive Officer
