45 slides from Sterling Infrastructure's sustainability presentation, Mar 19, 2024
Slide 1: For Better and Beyond: The Sterling Way 2024 Sustainability Report
For Better and Beyond THE STERLING WAY —— 2024 SUSTAINABILITY REPORT
Slide 2: Table of Contents
The Sterling Way — 2024 Sustainability Report 2 INTRODUCTION 04 About Sterling 05 Awards and Industry Recognition 07 Messages from Our Leaders 12 The Sterling Way 13 Deepening Our Commitment 14 Forging a Sustainable Future CORPORATE GOVERNANCE 16 A Foundation of Integrity and Transparency 17 Ethics
Slide 3: Introduction
Road and Highway Builders (Transportation Solutions) project site The Sterling Way — 2024 Sustainability Report 3 Introduction In This Section 04 About Sterling 05 Awards and Industry Recognition 07 Messages from Our Leaders 12 The Sterling Way 13 Deepening Our Commitment 14 Forging a Sustainable Fu
Slide 4: About Sterling
The Sterling Way — 2024 Sustainability Report 4 About Sterling Sterling Infrastructure, Inc. (“Sterling,” “the Company,” “we,” “our” or “us”), a Delaware corporation, operates through a variety of subsidiaries within three segments specializing in E-Infrastructure, Transportation and Building Soluti
Slide 5: Awards and Industry Recognition
The Sterling Way — 2024 Sustainability Report 5 2023 ENR Lists #29 #51 #80 #161 Top 100 Contractors by New Contracts Top 50 Domestic Heavy Contractors Forbes 2024 Baron’s 2023 #15 Most Successful Mid-Cap Companies Roundtable Stock Pick Top 400 Contractors Top 250 Global Contractors 2023 American Mar
Slide 6: Awards and Industry Recognition: Safety Awards
The Sterling Way — 2024 Sustainability Report 6 Awards and Industry Recognition Safety Awards E-Infrastructure Solutions Plateau + Rising Star for Safety October 2023 Petillo + UTCA Construction Safety Award for Outstanding Achievement in Construction Safety and Health 2022 + Health ACC NJ Annual Sa
Slide 7: Message from Our CEO
Joe proudly serves on the Board of the American Road & Transportation Builders Association (ARTBA) The Sterling Way — 2024 Sustainability Report 7 Our dedication to sustainability is stronger than ever. Sterling is playing a critical role in the resurgence of manufacturing production in the United S
Slide 8: Due Diligence That Makes a Difference
The Sterling Way — 2024 Sustainability Report 8 Due Diligence That Makes a Difference As Chief Financial Officer, my responsibilities include helping guide our company through the ever-more complex sustainability disclosure and regulatory environments to deliver reliable and transparent ESG reportin
Slide 9: Excellence Guided by Governance
Excellence Guided by Governance The Sterling Way — 2024 Sustainability Report 9 As sustainability, governance and the regulatory environment in which we operate continue to evolve, we are not only focusing on the issues of today, but we are also anticipating what could be important and impactful for
Slide 10: Driving Dialogue. Delivering Value.
Driving Dialogue. Delivering Value. At Sterling, we are dedicated to fostering strong, long-term relationships with our investors and the broader stakeholder community. We believe that open and constructive communication is essential to our shared success and take great pride in building trust throu
Slide 11: More Committed Than Ever
More Committed Than Ever The Sterling Way — 2024 Sustainability Report 11 At Sterling, we understand it is our responsibility to be an active player in finding sustainable solutions for the benefit of all. This includes joining the UN Global Compact, investing in innovative technologies and devoting
Slide 12: The Sterling Way: An Integral Part of Our Culture
202220212020 2023 2024 The Sterling Way — 2024 Sustainability Report 12 The Sterling Way — an Integral Part of Our Culture Sustainability Efforts Since 2020 Sustainability, a core strategic item on Board’s agenda Sustainability lead role added, reporting to CEO and CFO with direct line to BOD Suppor
Slide 13: Deepening Our Commitment
The Sterling Way — 2024 Sustainability Report 13 Deepening Our Commitment Achieving a sustainable future requires that we work more responsibly. Doing so will not only reduce the effect we have on our environment, but will also increase innovation and help accelerate progress toward a better world f
Slide 14: Forging a Sustainable Future
The Sterling Way — 2024 Sustainability Report 14 Forging a Sustainable Future As a leader in E-Infrastructure, Transportation and Building Solutions, we take great pride in knowing that what we do is for the betterment of our communities, our Nation and the world. After all, we build and service the
Slide 15: Corporate Governance
The Sterling Way — 2024 Sustainability Report 15 Governance Corporate In This Section 16 A Foundation of Integrity and Transparency 17 Ethics and Compliance 18 Risk Management 19 Protecting Data. Reducing Risk. Introduction Safety Corporate Governance People AppendixPlanet
Slide 16: A Foundation of Integrity and Transparency
The Sterling Way — 2024 Sustainability Report 16 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 the standing
Slide 17: Ethics and Compliance
The Sterling Way — 2024 Sustainability Report 17 Ethics and Compliance At Sterling, we hold ourselves to the highest ethical, moral and legal standards. Through communication, education and training, we ensure employees at all levels of our organization promote Sterling’s core values and company pol
Slide 18: Risk Management
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 19: Protecting Data. Reducing Risk.
The Sterling Way — 2024 Sustainability Report 19 Protecting Data. Reducing Risk. Cybersecurity In our commitment to corporate sustainability, we prioritize the protection of our information systems through a comprehensive approach encompassing people, policies, processes and technology. We regularly
Slide 20: Safety
Plateau (E-Infrastructure Solutions) safety week The Sterling Way — 2024 Sustainability Report 20 Safety In This Section 21 It All Starts with Safety 22 Employee Protection and Safety Guidance 23 Innovation and Improvement PeopleSafety Corporate GovernanceIntroduction AppendixPlanet
Slide 21: It All Starts with Safety
The Sterling Way — 2024 Sustainability Report 21 Safety KPIs FY19 FY20 FY21 FY22 FY23 Total Recordable Incident Rate (TRIR) 1.51 0.92 0.53 0.58 0.72 Lost Time Incident Rate (LTIR) 0.18 0.13 0.07 0.13 0.12 Experience Modification Rate (EMR) 0.82 0.84 0.76 0.69 0.57 Days Away, Restricted or Transferre
Slide 22: Employee Protection and Safety Guidance
The Sterling Way — 2024 Sustainability Report 22 Employee Protection and Safety Guidance In order to proactively manage and mitigate risks associated with our industry, we set objectives, policies and goals at the corporate level under our Health, Safety & Environmental (HSE) risk management program
Slide 23: Innovation and Improvement
The Sterling Way — 2024 Sustainability Report 23 Innovation and Improvement We continually look at ways to innovate and improve our safety systems. This includes embracing technology that improves our systems and helps reduce and minimize incidents in the workplace. One of the key components is usin
Slide 24: People
The Sterling Way — 2024 Sustainability Report 24 People In This Section 25 People, Our Most Precious Resource 26 A Holistic Approach to Employee Health and Wellness 27 Developing Future Leaders 29 Supporting Our Communities 31 Investing in Future Generations “ I truly enjoy any opportunity I have to
Slide 25: People Are Our Most Precious Resource
Hispanic 51.8% White 41.7% Black 3.5% Pacific Islander 1.6% Other 1.4% Employee Diversity as of 12/31/2023 The Sterling Way — 2024 Sustainability Report 25 People Are Our Most Precious Resource Across Sterling, we are committed to efforts that help improve and protect human lives and are constantly
Slide 26: A Holistic Approach to Employee Health and Wellness
The Sterling Way — 2024 Sustainability Report 26 A Holistic Approach to Employee Health and Wellness Sterling offers employees comprehensive programs and benefits packages that address not only physical but also mental and emotional health. We promote a positive life/work balance and healthy lifesty
Slide 27: Developing Future Leaders
The Sterling Way — 2024 Sustainability Report 27 Developing Future Leaders With a culture that aims to strengthen our workforce, we strive to provide a supportive and encouraging work environment in which our employees can further develop their skills. Established in 2021, Sterling Academy is a comp
Slide 28: Secondly, I have learned so much about The Sterling Way and how deeply committed
The Sterling Way — 2024 Sustainability Report 28 Secondly, I have learned so much about The Sterling Way and how deeply committed Sterling is to implement sustainable practices wherever possible, at the corporate level and across all its business units. In the heavy civil/construction industry, emis
Slide 29: Supporting Our Communities
The Sterling Way — 2024 Sustainability Report 29 Supporting Our Communities As our company grows, so do our efforts to collaborate with organizations that are important to our employees and stakeholders. We encourage and empower employees to volunteer their time on causes that matter to them. These
Slide 30: New and Ongoing Sponsorships and Support
The Sterling Way — 2024 Sustainability Report 30 New and Ongoing Sponsorships and Support + RLW sponsored, helped organize and attended the Northern Utah Trafficking Intervention Coalition (NUTIC) symposium at Weber State University. Geared toward students and parents, the goal of the event was to r
Slide 31: Investing in Future Generations
Plateau (E-Infrastructure Solutions), at career fair, Aria Morgan, Marketing Director The Sterling Way — 2024 Sustainability Report 31 Investing in Future Generations Sterling supports inclusive, equitable and quality education and promotes lifelong learning opportunities for all by maintaining stro
Slide 32: Planet
The Sterling Way — 2024 Sustainability Report 32 In This Section Planet 33 Protecting Our Environment 34 Applying Technology To Reduce Environmental Impacts 35 Sustainable Investments 36 Climate-Related Projects 37 Measures To Protect the Environment 38 Community Partners and Good Neighbors Appendix
Slide 33: Protecting Our Environment Starts Before Construction Even Begins
Plateau (E-Infrastructure Solutions) project site The Sterling Way — 2024 Sustainability Report 33 Protecting Our Environment Starts Before Construction Even Begins Sterling is dedicated to designing, planning, building and creating the Nation’s infrastructure, incorporating industry-leading protect
Slide 34: Applying Technology To Reduce Environmental Impacts
The Sterling Way — 2024 Sustainability Report 34 Applying Technology To Reduce Environmental Impacts Drone technology offers many benefits. Most notably, it increases project efficiency, reduces project expenses and improves safety and data accuracy. We use drones before, during and after site devel
Slide 35: Sustainable Investments
The Sterling Way — 2024 Sustainability Report 35 Sustainable Investments Reducing Our Carbon Footprint We test and utilize advanced technologies and equipment aimed at increasing fuel efficiencies and reducing emissions. Innovative Fuel Technology We invest in innovative fuel technology aimed at red
Slide 36: Climate-Related Projects
The Sterling Way — 2024 Sustainability Report 36 Climate-Related Projects Meeting Challenges To Protect Forests Emergency Flood Control Initiatives Road and Highway Builders Wells Municipal Airport, Nevada Through accelerated schedules and strict project timelines, Bureau of Land Management (BLM) Fi
Slide 37: Measures To Protect the Environment
The Sterling Way — 2024 Sustainability Report 37 Measures To Protect the Environment As an infrastructure company responsible for massive, earth-moving projects, it is imperative that we take steps to minimize our environmental impact. Ensuring Site Stabilization Plateau installs erosion protection
Slide 38: Community Partners and Good Neighbors
The Sterling Way — 2024 Sustainability Report 38 Community Partners and Good Neighbors Because we have made the environment one of our company’s top priorities, we have received many accolades for these endeavors. More importantly, we are especially proud that our projects have allowed us to help pr
Slide 39: Appendix
Plateau (E-Infrastructure Solutions) project site The Sterling Way — 2024 Sustainability Report 39 Appendix In This Section 40 About This Report 41 Sterling Internal and External Stakeholders 42 Our Actions and Initiatives 43 SASB Framework: Engineering and Construction Services 44 TCFD Recommended
Slide 40: About This Report
The Sterling Way — 2024 Sustainability Report 40 Introduction Safety Corporate Governance People AppendixPlanet 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 init
Slide 41: Sterling Internal and External Stakeholders
The Sterling Way — 2024 Sustainability Report 41 In order to secure a sustainable future for all, we understand that we must take time to engage our stakeholders. We do so by regularly engaging with our stakeholder groups and proactively seeking communication opportunities in order to address concer
Slide 42: Our Actions and Initiatives
Segment Company Type Detail E-Infrastructure Solutions Petillo, Plateau Technology: Drones For Better and Beyond. The Sterling Way — 2024 Sustainability Report, Planet section, Applying Technology To Reduce Environmental Impacts, general reference page 34 Plateau Fleet: Testing, Electric Fleet, Equi
Slide 43: SASB Framework: Engineering and Construction Services
The Sterling Way — 2024 Sustainability Report 43 SASB Framework: Engineering and Construction Services Sterling continues to monitor sustainability reporting frameworks, including amendments to the SASB Standards by the International Sustainability Standards Board (ISSB). Introduction Safety Corpora
Slide 44: TCFD Recommended Disclosures
The Sterling Way — 2024 Sustainability Report 44 DISCLOSURE REFERENCE Governance + Describe the board’s oversight of climate-related risks and opportunities 2023 Proxy Statement, pages 8 and 9 For Better and Beyond. The Sterling Way — 2024 Sustainability Report, Corporate Governance section beginnin
Slide 45: Sustainability Reporting Roadmap
0 500 1000 1500 2000 Total Equipment by Tier Total Equipment by Tier 0 1000 2000 3000 4000 5000 The Sterling Way — 2024 Sustainability Report 45 Sustainability Reporting Roadmap Through our strategic initiative to expand into adjacent markets, Sterling has implemented a strategy to pursue growth thr