41 slides from Sterling Infrastructure's sustainability presentation, Apr 24, 2023
Slide 1: Leading the Way: The Sterling Way 2023 Sustainability Report
LEADING THE WAY THE STERLING WAY —— 2023 SUSTAINABILITY REPORT
Slide 2: Table of Contents
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 2 INTRODUCTION About Sterling 3 A Message from Our Leaders 4 Championing the Cause 7 The Sterling Way 8 Laying the Groundwork 9 GOVERNANCE Sound and Effective Governance 12 Ethics and Compliance 14 Risk Management 15 Protecting Data 16 SAFETY Protecting
Slide 3: About Sterling
Sterling’s strategic vision is based on elements and objectives that solidify our base business and help us expand into new markets while also reducing risk. THE STERLING WAY — 2023 SUSTAINABILITY REPORT 3 ABOUT STERLING Sterling Infrastructure, Inc. operates through a variety of subsidiaries within
Slide 4: A Message from Our Chief Executive Officer, Joe Cutillo
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 4 A MESSAGE FROM OUR CHIEF EXECUTIVE OFFICER, JOE CUTILLO More than ever, sustainability plays a central role in shaping business strategy. Companies are challenged to incorporate sustainable practices into their operations and challenged to effectively
Slide 5: Executive Commitment (CFO)
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 5 EXECUTIVE COMMITMENT Designing and implementing long-term value creation for all stakeholders is one of my more rewarding roles as Sterling’s Chief Financial Officer. At Sterling, we understand that what is important to our stakeholders plays a leading
Slide 6: Executive Commitment (General Counsel)
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 6 EXECUTIVE COMMITMENT More and more, issues relating to sustainability, such as environmental, employment, and societal, are creating ongoing challenges for organizations like ours. At Sterling, we understand the complexities around sustainability and w
Slide 7: Championing the Cause
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 7 CHAMPIONING THE CAUSE This report marks the second annual sustainability report since I began with Sterling, and I couldn’t be prouder. This year, I am excited to feature employee testimonials to highlight their dedication to their work. I hope to cont
Slide 8: The Sterling Way: An Integral Part of Our Culture
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 8 THE STERLING WAY — AN INTEGRAL PART OF OUR CULTURE Timeline of milestones achieved since 2020 20 20 20 23 20 22 COVID-19 response Sustainability, a core strategic item on Board’s agenda ESG related risks in Enterprise Risk Management (ERM) Support and
Slide 9: Groundwork, Commitments, Goals
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 9 GROUNDWORK | COMMITMENTS | GOALS We work to help secure a positive, lasting impact in our infrastructure operations, as well as in the communities in which we operate. We seek to understand and look for ways to address and meet goals that are pertinent
Slide 10: Groundwork and Commitments
GROUNDWORK | COMMITMENTS THE STERLING WAY — 2023 SUSTAINABILITY REPORT 10 Sterling helps to spread awareness of the importance of a future for all by promoting sustainability practices and actions within our industry. We are in the process of aligning our ESG-related disclosure and continue to monit
Slide 11: Governance
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 11 GOVERNANCE
Slide 12: Governance
Access our full governance guidelines, committee charters and Code of Business Conduct below. GOVERNANCE THE STERLING WAY — 2023 SUSTAINABILITY REPORT 12 At Sterling, we are committed to conducting business with all of our stakeholders ethically and with integrity and full transparency. Additionally
Slide 13: Board Governance Guidelines, Ethics and Business Conduct
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 13 GOVERNANCE BOARD GOVERNANCE GUIDELINES, ETHICS AND BUSINESS CONDUCT We are committed to strong and effective governance practices that promote and protect the interests of our shareholders. Our Board Governance Guidelines, along with the charters of t
Slide 14: Ethics and Compliance Training and Assessment
1. Ralph L. Wadsworth (RLW, Transportation Solutions Sterling subsidiary) employees at project site 2. Sterling’s Board of Directors and executive leadership at Petillo project site 3. Tealstone VP, Sterling’s Board of Directors and CFO with customer at Tealstone project site 4. RLW (Transportation
Slide 15: Risk Management and Board Committees
Board of Directors Ultimately responsible for risk oversight Board Committees Assist the Board in fulfilling its oversight responsibilities with respect to the following: Audit Committee Compensation and Talent Development Committee Corporate Governance and Nominating Committee • Independent registe
Slide 16: Protecting Data. Reducing Risk.
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 16 GOVERNANCE PROTECTING DATA. REDUCING RISK. TRAINING STATS Industry Benchmark Data Industry: Construction Organization Size: Large (1,000+ users) In 2022, an enhanced Employee Self Service portal was developed. This portal is designed to serve as a kno
Slide 17: Safety
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 17 SAFETY
Slide 18: Protecting Our People Is Our #1 Priority
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 18 SAFETY PROTECTING OUR PEOPLE IS, AND ALWAYS WILL BE, OUR #1 PRIORITY. We take great pride in our diligent adherence to safety precautions and procedures and that our efforts have earned prestigious safety awards. Whether on site or in our office, the
Slide 19: Safety First and Foremost
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 19 SAFETY SAFETY FIRST AND FOREMOST Policies and procedures are distributed via the Sterling Infrastructure, Inc. Safety Manual, our company-wide safety manual, which provides clear guidance for our managers and empowers our employees with the knowledge
Slide 20: Safety Initiatives
SAFETY THE STERLING WAY — 2023 SUSTAINABILITY REPORT 20 SAFETY INITIATIVES Our culture is one where employees have the autonomy to make the right choices for themselves, their families and their communities. Our goal is to make sure everyone goes home Safe and Sound every day. That’s The Sterling Wa
Slide 21: Social
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 21 SOCIAL
Slide 22: People Are Our Most Precious Resource
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 22 SOCIAL PEOPLE ARE OUR MOST PRECIOUS RESOURCE Efforts that help improve and protect human lives are whole heartedly supported by Sterling and each its subsidiaries, as well as our Board and management team. By recognizing the importance of positive con
Slide 23: Diversity, Equity and Inclusion
Hispanic 51.8% White 41.7% Black 3.5% Pacific Islander 1.6% Other 1.4% EMPLOYEE DIVERSITY as of 12/31/2022 THE STERLING WAY — 2023 SUSTAINABILITY REPORT 23 SOCIAL We champion our collective differences and celebrate diversity, not only in terms of ethnicity and heritage, but also of thought, skills
Slide 24: Employee Health and Wellness
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 24 SOCIAL Sterling offers employee programs and benefits packages that take a holistic approach to employee health, addressing not only physical but also mental and emotional health. We also promote a positive life/work balance and healthy lifestyle. Hea
Slide 25: Empowering Our People
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 25 SOCIAL EMPOWERING OUR PEOPLE We believe in a culture that helps to strengthen our workforce and provides a supportive and encouraging work environment in which our employees can further develop their skills. Established in 2021, Sterling Academy, a co
Slide 26: Giving Back Is Front and Center
“ Whether as an individual, group or as a company, we are all called to help others. Volunteering is one of the most rewarding things we can do with our time. It’s been said that the volunteer always gets more from the experience than those they are there to help. I believe that to be true.“ – Joe C
Slide 27: Supporting Our Communities
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 27 SOCIAL SUPPORTING OUR COMMUNITIES In addition to serving as mentors, ambassadors, sponsors, partners and in other volunteer capacities, Sterling employees: + Partner with community organizations + Empower underrepresented and diverse groups + Seek opp
Slide 28: Community Support Initiatives
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 28 SOCIAL + Carbon Valley Help Center/Sister Carmen Community Center, a non-profit organization offering critical resources to thousands of individuals and families per year; in 2022, the Sterling IT Department organized the center’s first food drive tha
Slide 29: Investing in Future Generations
2 3 4 5 SOCIAL THE STERLING WAY — 2023 SUSTAINABILITY REPORT 29 In addition to the talent development programs within Sterling, we support inclusive, equitable, and quality education for all and promote lifelong learning opportunities. In all of our educational endeavors, we strive to ensure that al
Slide 30: A Student's Sterling Experience
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 30 SOCIAL A STUDENT’S STERLING EXPERIENCE Toward the end of 2022, I got an opportunity to work with Sterling Infrastructure, Inc. on building a strong, ESG-focused disclosure for their E-Infrastructure subsidiary, Plateau Excavation. My group and I colla
Slide 31: Environmental
A MESSAGE FROM OUR CEO THE STERLING WAY — 2023 SUSTAINABILITY REPORT 31 ENVIRONMENTAL
Slide 32: Environmental Stewardship
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 32 Contributing to a sustainable future is an integral part of The Sterling Way. We strive to reduce the environmental impact across our operations and are committed to complying with all applicable environmental laws and regulations. To minimize our env
Slide 33: Responsible Building Practices
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 33 ENVIRONMENTAL | E-INFRASTRUCTURE SOLUTIONS RESPONSIBLE BUILDING PRACTICES Our projects are often massive in scale; therefore, we take exceptional measures to minimize their impact. Our focus is to protect life both on land and below water. By partneri
Slide 34: Partnering with Customers Helps Preserve Natural Resources
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 34 Partnering with customers helps preserve natural resources. We partner with end customers and general contractors from the very beginning of the design phase and provide critical information regarding the prospected land options evaluated for the proj
Slide 35: Community Partners and Good Neighbors
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 35 COMMUNITY PARTNERS AND GOOD NEIGHBORS At Sterling, we work diligently to protect not only our environment, but also our Nation’s communities and the people who live within them. Doing our part to help build sustainable cities and communities is a resp
Slide 36: Protecting Our Environment Starts Before Construction Begins
RLW (Transportation Solutions Sterling subsidiary) wildlife crossing bridge, Utah THE STERLING WAY — 2023 SUSTAINABILITY REPORT 36 ENVIRONMENTAL PROTECTING OUR ENVIRONMENT STARTS BEFORE CONSTRUCTION EVEN BEGINS Protecting Life on Land and Below Water Our support for the conservation of mountain ecos
Slide 37: Responsible Construction
Scale of 7 Very Satisfied 76% Scale of 1 0% Scale of 6 18% THE STERLING WAY — 2023 SUSTAINABILITY REPORT 37 Responsible Construction Our Accelerated Bridge Construction (ABC) methods improve safety for travelers and personnel at project sites. ABC technology also reduces project time and environment
Slide 38: Appendix
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 38 APPENDIX
Slide 39: About This Report
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 39 ABOUT THIS REPORT As referenced in the Governance section of this Sustainability Report, Sterling is committed to operating with full transparency. The public disclosure of the Company’s sustainability initiatives has been prepared based on the guidel
Slide 40: Stakeholder Engagement
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 40 STAKEHOLDER GROUPS STAKEHOLDER PRIORITIES STAKEHOLDER ENGAGEMENT Shareholders/Investors • Return on Investment, Financial Stability & Growth • Company Purpose, Mission, Vision, Values & Strategy • Corporate Governance • Diversity, Equity & Inclusion •
Slide 41: SASB Framework: Engineering and Construction Services
THE STERLING WAY — 2023 SUSTAINABILITY REPORT 41 SASB FRAMEWORK: ENGINEERING AND CONSTRUCTION SERVICES TOPIC ACCOUNTING METRIC CATEGORY UNIT OF MEASURE CODIFIED METRIC CODE DISCLOSURE Environmental Impacts of Project Development Number of incidents of non-compliance with environmental permits, stand