Rb Global, Inc. · TSX:RBA
Rb Global — Ritchie Bros. Auctioneers — ESG Presentation (January 2021)
51 slides from Rb Global's sustainability presentation, Jan 19, 2021
Slide 1: Sustainability Report
Sustainability Report Serving the globe. Distinctly local.
Slide 2: Table of Contents
Serving the globe. Distinctly local. Table Of Contents 2 CEO Message ............................................................................................................................. .. 4 About Us …...........................................………............................................
Slide 3: Forward-Looking Statements
Serving the globe. Distinctly local. F o r w a r d - L o o k ing Statements Caution Regarding Forward - Looking Statements This presentation contains forward - looking statements and forward - looking information within the meaning of applicable US and Canadian securities legislation (collectively,
Slide 4: CEO Message
Serving the globe. Distinctly local. To all our valued stakeholders, As I approach my first full year as CEO, it is important for me to convey what a privilege and incredible honor it is to be part of this team and lead such an amazing company like Ritchie Bros. In addition to being a leader in the
Slide 5: Company history timeline
Serving the globe. Distinctly local. 1 95 8 200 2 1 96 3 200 3 1 97 0 200 4 1 97 6 200 8 1 99 0 201 1 1 98 7 201 0 1 99 4 201 3 1 99 8 201 5 201 7 199 7 201 4 201 6 First unreserved auction Ritchie Bros. begins as a small family - run business in Kelowna, BC, Canada. The three Ritchie brothers — Ken
Slide 6: Local: from small-town auctioneer to global marketplace
Serving the globe. Distinctly local. Serving the globe. Distinctly local. From a small - town auctioneer to the largest global auction marketplace, selling over $5 billion of equipment each year, Ritchie Bros . owes its 60 - year success to an unwavering belief in touching people where they live . T
Slide 7: Shared Value
Serving the globe. Distinctly local. Shared value Our business - what we do: We help our customers buy and sell a wide range of used and unused equipment for: construction, mining, transportation, agriculture, oil & gas, lifting & material handling, forestry & other industries. Our impact: B y… Em p
Slide 8: At the Heart of the Circular Economy
Serving the globe. Distinctly local. At the Heart of the Circular Economy Ritchie Bros. has been at the heart of the circular economy for heavy equipment for over 60 years. We are one of the world’s largest “re - commerce” companies, meaning we enable and encourage the market liquidity of heavy equi
Slide 9: Our ESG Journey
Serving the globe. Distinctly local. Articulate our purpose • We empower businesses to easily and confidently meet their equipment disposition needs • Sound governance and strong leadership are core to our strategy and delivering sustained value for our stakeholders. As the stewards of our company,
Slide 10: About This Report
Serving the globe. Distinctly local. About This Report 10 At Ritchie Bros. we conduct unreserved public auctions with both on - site and online bidding, selling a wide range of used and unused equipment for: We fully appreciate and support the value of third party ESG ratings and evaluations in an e
Slide 11: Social: Local Values for Sustainable Growth
SOCIAL Local Values for Sustainable Growth
Slide 12: Guided by Local Values
Serving the globe. Distinctly local. Guided by Local Values Beyond the Transaction: Local Relationships & Trust Value to our customers go beyond converting assets to cash – it’s deeply personal.The main reason for our 60 years in business, and 6+ million lots sold, is we are a global company built o
Slide 13: Empowering Local Business to Compete on a Global Scale
Serving the globe. Distinctly local. Empowering Local Business to Compete on a Global Scale Globalization is creeping into our customers' lives at a surprising pace and the need for local businesses to expand their markets is a growing priority. In the past, it was easier for a local business to rel
Slide 14: Beyond the Transaction: Local Relationships & Trust
Serving the globe. Distinctly local. Ritchie Bros . started small and we’ve never forgotten our roots . That’s why we treat every customer like a longtime friend ; no matter the size of the business . Whether you’re a large multinational rental equipment company, a burgeoning independent contractor
Slide 15: Buyers Trust Us Because
Serving the globe. Distinctly local. Buyers Trust Us Because As a two - sided marketplace, we service buyers with as much commitment and integrity as we do sellers. Customers buy from Ritchie Bros. because our auctions deliver fairness, transparency and honesty. Our company does not play games, or d
Slide 16: Nurturing a Growing Business
Serving the globe. Distinctly local. Nurturing a Growing Business Building longstanding relationships with our customers usually means being there at the starting point in our customer’s business journey. We service young business the same way we would a multi - million dollar company, with integrit
Slide 17: Scaling Up for Success
Serving the globe. Distinctly local. Scaling Up for Success Our ability to scale is unmatched in our industry which is why the biggest players routinely turn to us with their equipment disposition needs. Multi - national corporations trust us and build relationships with our team because we’ve prove
Slide 18: Retirements and Handling with Care
Serving the globe. Distinctly local. Retirements – Customers spend their whole life building up their business to see it all sold in a day. It’s an emotional time in their life, and it’s why solid local relationships are so important in seeing them across the finish line. We provide a bedrock during
Slide 19: Trust: Data Security, Ethics and Governance
Serving the globe. Distinctly local. Trust is the key to establishing an ethical organization environment -- one that guides decisions and actions.Trust in business is the cornerstone of relationships with customers who work with Ritchie Bros. Data Security & Privacy Trust with customers is more tha
Slide 20: It Takes a Community to Build a Community
Serving the globe. Distinctly local. It Takes a Community ... to Build a Community Being catalysts to growing communities across the world is a role that’s incredibly meaningful to our company. The world is changing faster than ever before . Urban areas are growing, development is surging, and with
Slide 21: A More Connected World for Our Customers
Serving the globe. Distinctly local. A More Connected World for Our Customers Despite our history as a traditional auction company, Ritchie Bros . has evolved over the years into a technology - driven place of innovation in pursuit of a more connected world for our customers . Our unique technology
Slide 22: Creating Connections Between Customers & Facilitating Local Asset Mobility
Serving the globe. Distinctly local. Unlocking Local Benefits Through Global Scale Creating Connections Between Customers & Facilitating Local Asset Mobility In order to compete and have full access to the massive global market, local companies need to have access to global networks – it’s no longer
Slide 23: Transcending Local Markets
Serving the globe. Distinctly local. Transcending Local Markets Local businesses are often impacted by destabilizing fluctuations in their home markets due to seasonal changes, demand cycles or business cycles, such as econom - ic growth and contraction. To adjust to prevailing market conditions, mo
Slide 24: Liquidity in a Successful Two-Sided Marketplace
Serving the globe. Distinctly local. Liquidity is One of the Most Important Features of a Successful Two - Sided Marketplace Some customers face immediate liquidity needs to close critical gaps or urgent cash needs, while others are looking to develop long - term liquidity management. There is a com
Slide 25: Catalyst for Economic Growth
Serving the globe. Distinctly local. “The new Ritchie Bros. facility is a first - class example of an opportunity to help grow the local economy: the economic activity that is associated with having a site here is important. The fact that Ritchie Bros. has invested in our community speaks volumes fo
Slide 26: Community Giving
Serving the globe. Distinctly local. Doing Well in Business and Doing Good in Our Communities Are Mutually Inclusive Our investment in the communities where we work and live go beyond the commerce of equipment trading hands. We combine volunteerism and philanthropy to give back to those communities
Slide 27: Support During Critical Times
Serving the globe. Distinctly local. S u ppo r t During Critical Times $ 187 , 500 to 52 different food banks around the world $ 50 K to STARS (air ambulance) over 5 years Whether it’s opening up our sites as disaster response coordination centers, donating to medical response teams, or helping othe
Slide 28: Diversity & Inclusion Management Approach
Serving the globe. Distinctly local. Diversity & Inclusion Management Approach At Ritchie Bros., we are committed to embracing differences and building a diverse engaged global team where we promote such differences and an inclusive culture that delivers exceptional service to our customers. Promoti
Slide 29: Diversity and Inclusion Journey
Serving the globe. Distinctly local. The focus of our Diversity and Inclusion journey began with a focus on gender diversity. We started this journey by forming an Employee Resource Group (ERG) for women. The purpose of Women’s LINK (Lead.Inspire.Network.Know) is to act as a resource for both group
Slide 30: Attracting Talent: A Strategy Guided by Values
Serving the globe. Distinctly local. At tr acting Talent 30 A Strategy Guided by Values Our core values at Ritchie Bros. are: Unity, Integrity, and Vision. Our global talent acquisition team adopts its talent attraction strategies and best practices around these values across the board, while consis
Slide 31: Talent Development: Unleashing Our People's Full Potential
Serving the globe. Distinctly local. Talent Development Unleashing Our People’s Full Potential For over 60 years, Ritchie Bros. has built a legacy of success on the diverse talent and passion of our people. By providing our employees with meaningful work and development opportunities, inspiring them
Slide 32: Talent Development: Employee Training
Serving the globe. Distinctly local. Talent Development Employee Training Staff training is essential for our business. We believe that investing in training develops employees toward long - term career goals and can also promote greater job satisfaction. A more satisfied employee is likely to stay
Slide 33: Talent Development: Future-Proofing Our Workforce
Serving the globe. Distinctly local. Talent Development Future - Proofing Our Workforce Staying competitive in today’s global marketplace means that organizations need to be innovative, adaptive, and ever - changing. Achieving this depends on the skill and knowledge of the work - force, and Ritchie
Slide 34: Talent Development: A Global Mindset
Serving the globe. Distinctly local. Talent Development A Global Mindset to Talent Development High - performance and high - potential individuals need accelerated development, exposure to different cultures, appropriate rewards and opportunities to keep them learning and growing. Which is why at Ri
Slide 35: Governance: Local Values for Sustainable Growth
Serving the globe. Distinctly local. Governance Local Values for Sustainable Growth 35
Slide 36: Our Material ESG Issues
Serving the globe. Distinctly local. Human capital (attraction, retention, engagement, parity, training, diversity) Data security Culture and ethics (anti - corruption, bribery, money laundering) Health and safety (at sites, employees and clients) Data privacy Climate change (and the transition to a
Slide 37: Our Governance Framework
Serving the globe. Distinctly local. Ritchie Bros. Board of Directors ▸ Responsible for oversight of enterprise risk management Nominating and Corporate Governance Committee ▸ Responsible for identifying the potential significant risks associated with our operations, including ESG issues ▸ Approves
Slide 38: Emphasizing Operational Discipline
Serving the globe. Distinctly local. 38 Emphasizing Operational Discipline Risk management at Ritchie Bros. is a collective responsibility, with business leaders and teams alike playing a key role in addressing inherent risks tied to the achievement of the Company’s strategic objectives. At the high
Slide 39: Board Leadership Structure
Serving the globe. Distinctly local. The Board recognizes that one of its key responsibilities is to evaluate and determine an appropriate board leadership structure to ensure independent oversight of management. The Board believes that there is no single, generally accepted board leadership structu
Slide 40: Governance at Ritchie Bros.
Serving the globe. Distinctly local. Governance at Ritchie Bros. The Ritchie Bros. Board of Directors ensures effective leadership and provides oversight of strategy, succession planning, risk management, sustainability and corporate governance. Three committees of independent and unrelated director
Slide 41: Compliance & Business Ethics
Serving the globe. Distinctly local. Compliance & Business Ethics 41 CODE OF CONDUCT. Our success and reputation is founded upon our commitment to honesty, integrity, and doing what is right. We depend on our employees and officers to conduct the Company’s business on a day - to - day basis in a man
Slide 42: Voicing Concerns
Serving the globe. Distinctly local. VOICING CONCERNS. We have several avenues through which employees and stakeholders can report potential violations of laws, rules, regulations and Company policies. We have an open - door policy with regard to issues that may arise under the Code or about potenti
Slide 43: Data Privacy & Security
Serving the globe. Distinctly local. Data Pr iv acy & Security Technology is transforming the way we work at Ritchie Bros., as we move to an intuitive and effective operations platform with access to the information required to deliver excellent service. We expect technology driven efficiencies will
Slide 44: Stakeholder Engagement
Serving the globe. Distinctly local. Stakeholder Engagement Ritchie Bros. is committed to engaging in constructive and meaningful communications with its stakeholders, including employees, customers, investors, and the members of communities in which we live and work. We believe it is important to p
Slide 45: Health and Safety
Serving the globe. Distinctly local. 45 ▸ The Health and Safety journey of team members at Ritchie Bros starts with the completion of our automated safety orientation process. This safety orientation was developed by a continuous improvement team and is administered to every new team member. We firm
Slide 46: COVID-19 Priorities and Response
Serving the globe. Distinctly local. Priorities ▸ Health and Safety of our employees, our customers and their families Customer ▸ Converted all our live auctions to online bidding Employee ▸ Heightened hygiene and disinfection protocols Technology ▸ Optimized transactional websites/ customer experie
Slide 47: Environment: Local Values for Sustainable Growth
Serving the globe. Distinctly local. Environment Local Values for Sustainable Growth 47
Slide 48: Strategy for a Changing Future
Serving the globe. Distinctly local. Strategy for a changing future Ritchie Bros. recognizes we live in a changing world and environment sustainability is top of mind for many people, young and old. The science is undeniable - our planet is being affected by climate change and our future well - bein
Slide 49: Environment: Online Auctions
Serving the globe. Distinctly local. Environment Online Auctions In 2017, Ritchie Bros. acquired the leading online auction company IronPlanet and substantially bolstered its capability to provide online capabilities. In addition to providing our customers with the choice of a fully online experienc
Slide 50: Environment: Change Starts at Home
Serving the globe. Distinctly local. Environment Change Starts at Home At corporate HQ we’ve committed to creating a future - forward environment that encourages a low - carbon lifestyle. We understand that to be agents of change at our auction locations - encouraging a reduction in carbon - intensi
Slide 51: Links and Downloads
Serving the globe. Distinctly local. Links and D o w n l o a d s 51 Code of business conduct and ethics - http s://www .rb auction.com/cms_a s sets/pdf/corporate - governance/09 - 2019 - Ritchie - Bros - Code - of - Business - Conduct - and - Ethics.pdf Board mandate - http s://www .rb auction.com/c
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