Teconnex ESG 2023

Environmental, Social, and Governance Report 1
ENVIRONMENTAL, SOCIAL,
AND GOVERNANCE REPORT
2023

Environmental, Social, and Governance Report 2
Table of Contents
Introduction
Letter from Chris, Our MD 4
Our Goals
Our Vision
Our ESG Approach
6
7
Performance
Our Performance and Priorities
Spotlighting Our Priorities
Climate Action
Resource
Community
People
Ethics & Compliance
Mapping Our ESG
Mapping Our SDG
9
10
11
13
15
17
21
22
23
Engineering Our Future
Looking ahead to 2024 25

Environmental, Social, and Governance Report 3
Introduction

Environmental, Social, and Governance Report 4
Letter From Chris
To all valued stakeholders,
“We are committed to providing innovative,
sustainable, and high-quality stainless-steel
clamping and expansion joint technology, to
all our global customers.”
At Teconnex our vision is to be the
world’s leading ‘engineered solutions
provider’ enabling environmental
change, preferred by our customers,
and powered by our people’ and with
a mission to ‘connect our customers
to a cleaner world’ we are committed
to providing innovative, sustainable,
and high-quality stainless-steel
clamping and expansion joint
technology, to all our global customers.
In addition, our energy division
‘Teconnex Power’ is determined to
launch environmentally sustainable
‘energy storage solutions’ to this
rapidly growing sector of sustainable
energy.
All our products are central to our
customers drive to clean the air that
we breath and provide greener and
more efficient transport and energy
solutions.
Our ESG initiatives are underpinned
by our core values of ‘Doing the
right thing’, ‘Working as one team’
to ensure we ‘Create our Future’ – a
future all our employees, customers
and stakeholders can benefit from
and enjoy.
As a business we are fortunate with
our geographical locations, that we
can positively impact a large and
diverse range of people, cultures,
and communities, provided we
uphold our commitments as a
responsible manufacturing employer.
Our people really are the driving
force behind our success.
Our core ESG pillars are centred
around carbon reduction and creating
an engaging and safe environment
for our employees to positively
contribute.
In this regard recent focus on energy
& waste reduction in all our
manufacturing sites has brought our
talented teams together to successfully
innovate in product, process, and
factory design.
Our annual business goals are
majorly aligned with sustainability
targets, which impact and cascade to
every employer of the business and
our Biennial engagement
survey supports the vision of being
powered by our people and acting
on their voice.
We will constantly look at our
practices as a business as we continue
to grow into new regions and
communities, ensuring we have an
eye on improving the environment
we live, providing great employment
for our people and their families and
exceeding our customers expectations
in the products and services we
supply.
Chris Marsden
Managing Director

Environmental, Social, and Governance Report 5
Our Goals

Environmental, Social, and Governance Report 6
Our Vision
Teconnex enables a cleaner world through our
Clamps & Joining systems and new product
Diversification strategy. We aim to be the
world’s leading engineered solutions provider
impacting change throughout our global reach.
Our
Vision
Our
Values
Achieving our vision
To achieve our goals, we created our ESG intentions based
on our company vision:
Enable
environmental
change
Working as
one team
Enable environmental change, Preferred by our customers,
Powered by our people. Within ‘Enable environmental
change’ site our Sustainability Strategy planning, which is being
designed to create a more sustainable future.
Preferred
by our
customers
Growth for all
stakeholders
Doing the
right thing
Powered by
our people

Environmental, Social, and Governance Report 7
Our ESG Approach
Our mapped Sustainable
Development Goals, to
which our prioritized goals
are linked
Ensure healthy lives and promote
well-being for all at all ages.
Looking after our people through
our principles of no harm and positive
mental health and wellbeing,
delivered through providing good
working environment, managing
workplace risks and supporting
policies.
Promote sustained, inclusive and
sustainable economic growth.
We value our employees and their
contribution to the business. We
regularly conduct employee engagement
surveys, provide regular Group
updates to all employees and give
them the opportunity to share in the
success of the business through a
profit share and Share Incentive Plan.
The United Nations’ Sustainable Development
Goals (SDGs) will be used as a framework for
deployment as at its heart are the 17 SDG’s.
At Teconnex we believe we have an important responsibility
to help reduce the impact of our activities and support local
communities, considering where we may have the biggest
impact.
We realize that all of the SDG’s are essential to focus on
sustainable development, however, we have prioritized the 5
goals most aligned with our company values.
These goals and sub-goals have been mapped, aligning to
our 5-year strategic priorities.
Make cities and human settlements
inclusive, safe, and sustainable.
Policy on Modern Slavery, Policy on
Anti Bribery and Corruption, Sustainable
supply chains, Ethical sourcing,
Engagement with locally community,
strive to be the customer and supplier
of choice​community.
Ensure sustainable consumption
and production patterns.
Responsible sourcing, Design for a)
Manufacture, Recycling, Optimal material
use, Drive efficiency in material
use and labour productivity, Minimise
waste.
Take urgent action to combat
climate change and its impacts.
Minimizing our impact on the environment
through improving the efficiency
of our energy use. Establishing
renewable energy resources using
solar energy, and reducing resource
usage and our carbon footprint.

Environmental, Social, and Governance Report 8
Our Performance

Environmental, Social, and Governance Report 9
Our performance
and priorities
Our ESG priority areas
This is our first ESG report, demonstrating our
commitment to our ESG journey. Our priority
areas for this year targeted where we could make
the greatest operational impact and are aligned
with our mapped Sustainable Development Goals
(as on page 7).
This report highlights our six ESG priorities,
detailing what we have delivered in our first
year and our key objectives for 2024.
Climate Action Resource Use Community People Values Ethics Compliance
Our ESG strategy
This timeline displays our ESG targets in line with our business 5 year plan.
2023 2024
Climate data collation and renewable
energy development
Global waste reduction
Scope 3 emissions calculations and energy
efficiency initiatives
Continuation of waste reduction projects
and measures of impact. Audit systems of
our chemical management
Supporting the local community by giving
something back
Continue our support of local communities
across the globe, whether fundraising,
volunteering or local charities.
Inspire the next generation: local Apprenticeships
and graduated support schemes
Inspire the next generation: local Apprenticeships
and graduate support schemes
Deployment of compliance system and
development of Compliance Committees
Embedding of developed compliance system

Environmental, Social, and Governance Report 10
Spotlight: Our Six Priorities
Climate
Resources
Community
People
Ethics
Compliance

Environmental, Social, and Governance Report 11
Our Six Priorities
Actions taken in 2023
This was a significant year in our
climate impact activities.
Conserving Energy in our
Subsidiaries
2023 saw the implementation of
Solar Photovoltaic panels installed in
both our UK and Romanian plants. A
clear milestone for utilising renewable
energy in our drive to reduce energy
usage across the Teconnex group.
At capacity in the UK, we will be
provided with 417MWh of zeroemission
PV electricity production
per year with 88,000 kg/year CO2
avoided. Additionally, an estimated
reduction contribution of 50 tCO2
will be made by our European
facility.
Environmental Management
Our facility in India successfully
achieved ISO 14001:2015 certification
with continuous environmental
improvement its key focus.
Creating Green Spaces
A range of initiatives took place
across the group during 2023 to
help support green spaces, not least
in celebration of World Environment
Day. Employees participated in tree
planting at our India facility
Climate Action
We aim to conduct a series of positive climate
impacting initiatives to support and continue
the reduction of our carbon footprint.

Environmental, Social, and Governance Report 12
Our Six Priorities
Actions taken in 2023
Our Energy and Emissions Progress
Our focus is on reducing our energy
consumption and energy waste,
reflected in our Scope 1 and Scope 2
emissions.
Teconnex recognises the critical
importance of adopting a
consumption-based approach in
order to address Scope 3 emissions
on an equitable basis, and to address
GHGs other than CO2. Scope 3 is a
targeted progression for 2024.
We do however recognise that it is
important that we focus our immediate
efforts on addressing the Scope 1
and Scope 2 emissions because we
can have a much more direct impact
on reducing these emissions.
4,500,000
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
Consumption (kWh)
Scope 2
Grid supplied electricity
2022 2023
Emissions tCO2e
Scope 1 & 2 Totals
Climate Action
800
700
600
To reduce our carbon footprint, our aim is to
focus on our energy consumption for business
use, reducing our impact on the environment.
Additionally, we aim to ensure robust monitoring
systems measure and track our progress and
performance.
500
400
300
200
100
0
Scope 2
Grid supplied electricity
2022 2023
Scope 1 & 2 Totals
*UK Data

Environmental, Social, and Governance Report 13
Our Six Priorities
Actions taken in 2023
By managing our business energy
use we aim to reduce our impact on
the environment.
→
There has been specific focus
this year on our metal and scrap
waste streams to establish
initiatives and systems intended
for the reduction of metal waste
throughout the group. This
global focus will enable detailed
monitoring and measuring of
waste data for future reduction
targets.
→
→
We are researching possibilities
of further use of recycling
and reuse of our packaging to
extend lifecycle of the products
from boxes, pallets and plastic
wrap.
Implementation of an effluent
recycling system within our
India facility was established:
this has constant recycling of
the water in use resulting in a
reduction in local water consumption
for processes.
Resource
We aim to impact our consumption of resources
and waste streams throughout the business.
Robust management of hazardous chemicals,
waste reduction initiatives and efficient production
can positively impact sustainability.

Environmental, Social, and Governance Report 14
Our Six Priorities
Actions taken in 2023
This year saw our great ‘Switch Off’
campaign take hold with our employees
at the reins’, switching off and avoiding
energy was our focus. This group
campaign engaged in:
→
→
→
→
Compressor operation energy
reduction through control and
monitoring system installation
for UK main compressors.
Lighting timers and LED
replacements where possible,
reducing lighting waste.
Off shift - switch off campaigns
across all subsidiaries.
in use resulting in a reduction
in local water consumption for
process.
Resource
Leading with our values, we aim to engage our
employees to ‘do the right thing’ and ‘create our
future’ taking care of our resources and reducing
impact on them where possible.
Engagement with our employees and
families in our UK subsidiary a
successful switch off poster competition
was run, encouraging our employees
and the next generation to get
involved in reducing resources.
Our Gold Prize Winner Poster
remains proudly on display and
serves as a reminder of our target to
care for resource consumption.

Environmental, Social, and Governance Report 15
Our Six Priorities
Actions taken in 2023
Charitable Works Nuturing Tomorrow’s Minds Cash For Kids Christmas Appeal
Across the group support for local
charities has been close to
Teconnex’s heart, with employees
getting involved in fundraising in all
manner of activities, donating their
time in support of improving life for
others.
Our European facility has been
supporting their employees’ children
with school and kindergarten supplies,
aimed at easing the financial burden
on families, and underscores our
commitment to the wellbeing of our
extended community.
UK employees generously supported
this Christmas appeal, supporting
children affected by poverty, illness,
and neglect through donations and
presents for local distribution.
Community
We aim to support local community charities
through charitable giving and supporting our
employees in their own charitable efforts. We
aim to manufacture our products in a way
supports the local environment in the communities
we work.
During 2023 participating employees
across all our subsidiaries, were
involved in activities with charitable
organisations, with an aim to engage
and support local areas. Fundraising
for local children’s charities,
Hospice’s, Air ambulance, cancer
support, grief support, Mental
Health and sports hubs to name
just a few. As well as supporting our
employees through local initiatives
across the group.

Environmental, Social, and Governance Report 16
Our Six Priorities
Actions taken in 2023
Supporting our Communities
Apprentices at our UK Site
Through our Learning and Development
function we have engaged with
local education centres and offered
Apprenticeships at our UK site.
Attending local Careers Fairs,
Apprenticeship events at local
schools and colleges, meeting with
local young people and providing
opportunities within Teconnex are
also supported. Completing the
‘Rocket Challenge’ with a whole class
of children at a local school helped
make learning fun!
Learning at Work Week
At our European facility, 80 schoo
children from Tureni school visited
our plant during the “Learning at
work week” and the UK supported
work experience with 6 children
from local schools.
Community
As a responsible business we aim to support
the communities outside of our organisation.
We aim to boost education of people within the
communities we operate by supporting STEM,
partnerships with schools and colleges and by
offering apprenticeships.
Sponsors of the Keighley and
Airedale Business Awards
2023 we were proud sponsors of the
Keighley and Airedale Business
Awards, with the main award being
presented by our MD and HR Director.
Additional congratulations went to a
former apprentice who was a finalist
for the 2023 Rising Star Award in
recognition of her role at Teconnex,
and community initiatives she has
been spearheading in the local region.

Environmental, Social, and Governance Report 17
Our Six Priorities
Actions taken in 2023
Powering our People
Teconnex group is committed to
employee growth and support a
rounded approach that is not just
technically based.
Our company values are at the heart
of ‘how we do things’, and this was
supported by delivering training on
our Values Refresher Programme to
the equivalent of 413 hours in the
UK.
A Manager Essential Skills Programme
was delivered at our UK facility for
37 managers. This consisted of 8
soft skill type courses, totalling 888
hours of training delivered.
100 hours of training was delivered
for refresher Ethics training to office
staff.
Creating our Future
Additional leadership training has
been conducted for managers at
our EU and India facilities, blending
teamwork, fresh ideas and effective
solutions whilst refining skills, strategic
thinking and target achievement.
Cultivating a culture of innovation.
Hours of safety training delivery
across the group has been conducted,
demonstrating our commitment in
our employees’ health and safety
whilst at work. From Safety Awareness
sessions, to manual handling, crane
training, lift truck operations and
safe working practises. Continuous
improvement and employee
competencies remain a key driver
in our health and safety training
programmes.
People
Our vision is to enhance our reputation as a
trusted employer who is a modern global and
progressive company with people at the centre
of our decisions.

Environmental, Social, and Governance Report 18
Our Six Priorities
Actions taken in 2023
Powered by our People
International Women in
Engineering Day
We looked to raise awareness and
achievements of the woman engineers
employed across the Teconnex group,
celebrating their contributions and the
opportunities available in the business.
Celebrating our Employees
International Women’s Day
International Women’s Day was
celebrated across Teconnex group, with
this year’s theme being Innovation
and Technology for gender equality.
Teconnex demographic is 60% female
and their contribution to the business
cannot be underestimated.
People
Teconnex Reward and Recognition
Across the group our Values Awards
monthly recognise those employees
who have demonstrated our values with
48 people rewarded during the year
and many more ‘shout outs’ to those
nominated by their colleagues.
Creating a place people want to work with
opportunity in many different geographical locations
for our diverse workforce.

Environmental, Social, and Governance Report 19
Our Six Priorities
Actions taken in 2023
Workplace Health & Safety
Safety is first! We prioritise Health
and Wellbeing.
Teconnex is unwavering in its commitment
to prioritise the health and safety of its
workforce. Through safety training and
information, engaging initiatives and
a continuous improvement focus, the
company ensures that employees are
well-equipped and actively involved in
maintaining a secure workplace.
We strive to foster a culture where safety
is not just a rule but a shared responsibility,
where every person decides to keep
themselves and colleagues safe.
Our approach goes beyond compliance,
reflecting a genuine concern for our
employees’ wellbeing and creating an
environment where everyone feels
secure, valued, and empowered. It’s not
just about building products; it’s about
building a culture of care and responsibility.
Safety Concern Reporting Award
People
Employees at the core of our decision making
is the only way we will truly achieve our goal to
become a ‘great’ place to work ‘powered by our
people’. We are committed to keeping our
employees well and safe.

Environmental, Social, and Governance Report 20
Our Six Priorities
Actions taken in 2023
Employee Engagement
Our bi-annual Employee Engagement
Survey was held this year, and we
are very proud of the 90% response
rate received across the group from
our employees. This participation
underscores our shared commitment
to sha[ping and nurturing a workplace
culture built on trust, open
communication and continuous
improvement.
We deeply believe that action is the
true indication of an organisation’s
commitment to its people. We are
continually working to transform the
valuable insights from our employee
survey into meaningful action plans.
Our focus is on addressing key areas
having voiced concern and building
upon the aspects that bring fulfilment
at work.
People
By aligning our collective efforts, we
aim to foster an environment where
everyone feels valued, supported,
and empowered to reach their full
potential. Open lines of communication
and transparent feedback will
continue to remain at the heart of
our approach.
Creating a place people want to work with opportunity
in many different geographical
locations for our diverse workforce.

Environmental, Social, and Governance Report 21
Our Six Priorities
Actions taken in 2023
For 2023 the objectives that were
achieved:
→
→
Risk management process
communicated and trained out
to Teconnex Ltd and all
subsidiaries.
Compliance committee procedure
and structures developed,
communicated and trained out
to Teconnex Ltd and its
subsidiaries.
→
→
A complete compliance
management system, developed
using the requirements in
ISO19600, was defined and
published in preparation for
deployment 2024.
A Teconnex group guide-lines
policy has been developed for
approval in 2024 and onward
communication and commitment
from Teconnex Ltd subsidiaries.
Ethics and Compliance Awareness
Training of employees across our
subsidiaries including Modern Slavery
Training and Anti Bribery and
Corruption Policies. Additionally,
Ethics refresher training was completed
for office staff.
Ethics and Compliance
The overall objective that we are aiming to
achieve is plant autonomous functioning and
reporting around the organization’s compliance/
governance. This is with a centralised oversight
of Teconnex Ltd to allow reporting outwards
across the Teconnex organisation.

Environmental, Social, and Governance Report 22
Mapping our ESG
Environmental
Climate and Resources
Social
Community and People
Governance
Ethics and Compliance
Energy Reduction
People
Ethics
Reduction in energy consumption
(kwh) via a process of engagement.
Waste
Systems for scrap waste data collation
and programmes established to
reduce waste volume (tonne).
Teconnex Health and Safety standards
are based on continuous improvement
including working towards ISO45001
at all subsidiaries
Join, learn, grow.
Work with local education bodies to
expand our Apprenticeship
programme and upskilling of teams.
Increase employee engagement
score to 85% by 2026.
Deploying internal mandatory
processes to become part of our
everyday activities.
Compliance
CSR Registers established throughout
the group.
“We are committed to providing innovative,
sustainable, and high-quality stainless-steel
clamping and expansion joint technology, to
all our global customers.”
Community
Give something back
Engaging in local projects and charities,
raising money, awareness and
volunteering.

Environmental, Social, and Governance Report 23
Mapping our SDG Goals
The following shows the specific SDGs that Teconnex contributes to through
our daily operations. We continue to monitor and review the goals we
contribute to on an annual basis.
Climate Action Resource Use Communities
People Values
Our Energy Management Roadmap
contributes to these goals through
reducing energy used for traction and
across all assets, responsibly consuming
resources and strengthening our
adaptive capacity to climate-related
hazards.
Our Chemical Management Procedures
contribute to the proper management
of chemical and hazardous waste
risks within our business. Additionally,
by focussing on our waste streams
and their reduction we can impact
the consumption and sustainability of
our natural resources
We strive to continually support our
local communities, providing
opportunities within the company
through apprenticeships, local
business support and charity focus.
By ‘working as one team’ we live our
company values, ‘creating our future’
by enhancing our employees skills
with training and development, and
in ‘doing the right thing’ we strive to
maintain a safe working environment
for everyone.
Ethics
We maintain a risk management
based approach supporting our Ethics
and Compliance policies. Strengthening
our systems and communications
through our subsidiary Compliance
Committees

Environmental, Social, and Governance Report 24
Engineering our Future

Environmental, Social, and Governance Report 25
Looking Ahead to 2024
and Beyond
Focus for the coming year
Importantly our first report sets out
our action plans for 2024/2025.
Having made huge strides during
2023, we want to maintain our
attention on our wider impact as a
business and will be reviewing our
ESG vision to integrate further into
our five-year business plan.
Key themes will be further embedded,
such as further energy reduction
initiatives across our group and
engaging and supporting our local
communities.
Looking ahead, we will continue to
focus our efforts on developing our
people and ensuring their safety in
the workplace.
Most significantly though, this year
will see us undertake a review of
our ESG strategy , as we recognise
that global context and priorities
shift, and we want to ensure that our
ESG goals reflect that and remain
relevant.
We are proud to sign off the work
we have achieved during 2023 and
the exciting opportunities that lay
ahead of us during 2024!
We have progressed well across our six priority
areas, enabling a positive steps to reduce our
carbon footprint and support our preparation
when reporting becomes mandatory.

Environmental, Social, and Governance Report 26
WORLD LEADER
IN JOINTING TECHNOLOGIES
TECONNEX OFFICES
For comprehensive information or for details of your nearest Teconnex representation contact:
UK Office:
Teconnex Ltd
Bronte Works, Chesham Street, Keighley,
West Yorkshire BD21 4LG United Kingdom
T: +44 (0)1535 691122
E: sales@teconnex.com
www.teconnex.com
China Office:
Teconnex Funwick Co.,Ltd
No.38,Yuxi Road, Qiandeng Town, Kunshan,
China
T: ++ 86 1391687 6332
E: ye_feng@teconnexfunwick.com
www.teconnex.com
Mexico Office:
European Office:
India Office:
Teconnex Mexico S de RL de CV
Blvd Milenium 5100, Parque Industrial
Milenium
Apodaca, N.L. CP 66626 Mexico
T: +52 81 8083 0943
E: sales.mexico@teconnex.com
www.teconnex.com
Teconnex Europe S.R.L.
Str. Principala, nr.4i,
Tureni, Cluj County,
Post Code: 407560 Romania
T: +40 747 161334
E: sales.europe@teconnex.com
www.teconnex.com
Teconnex India Ltd
“A” Block , PAP- S1, MIDC Phase II, Chakan Ind.
Area, Sawardari, Khed, Chakan, Pune-410501,
India
T: +91 9850 881288
E: sales.India@teconnex.com
www.teconnex.com
For more informaion visit: www.teconnex.com