Manitowoc Company Inc..
MTW.US | Manufacture of lifting and handling equipment
The Manitowoc Company, Inc. is a global manufacturer of lifting solutions and foodservice equipment. Its Cranes segment designs, manufactures, markets, and supports a comprehensive line of crawler cranes, tower cranes, and mobile cranes under the Manitowoc, Grove, Potain, Shuttlelift and National Cr...Show More
Better Health for All
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Manitowoc's primary business, cranes, does not have a direct health impact. For its foodservice equipment, specifically ice makers, the company provides a food-safe liquid sanitizer that is NSF-certified for food contact surfaces and formulated to eliminate bacteria, fungi, and mold.
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This sanitizer is recommended for regular use to maintain food safety and reduce contamination risk.
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The company also publishes cleaning guides emphasizing regular maintenance to prevent health hazards from ice machines.
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Its ice dispensers are NSF-listed, demonstrating adherence to public health standards.
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These efforts mitigate potential health risks, resulting in a neutral net health effect for its products and services.
Fair Money & Economic Opportunity
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The Manitowoc Company, Inc. is described as a global manufacturer of lifting solutions and foodservice equipment, not a financial institution. The provided articles focus on the company's corporate giving program through its foundation
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, general company information, or local community initiatives
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. None of the articles contain specific, concrete data points regarding financial products, lending practices, or services offered by MTW.US to consumers or underserved communities. Therefore, no KPIs under the 'Fair Money & Economic Opportunity' value can be assessed based on the evidence provided.
Fair Pay & Worker Respect
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The CEO-to-median employee pay ratio for the 2024 fiscal year was 80:1
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, with the CEO's total compensation at $5,177,885
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and median employee pay at $64,996
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. This ratio is significantly lower than the 2023 average of 268:1 for S&P 500 companies.
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For safety, the Recordable Injury Rate (RIR) for 2021 was 1.39 per 200,000 exposure hours.
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This RIR was over 60% below the industry average
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and represented a 24% reduction from the 2020 result.
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The Loss Time Injury Frequency Rate (LTIFR) for 2021 was 1.04 per 200,000 exposure hours.
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Fair Trade & Ethical Sourcing
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No specific data regarding MTW.US's fair trade and ethical sourcing practices, such as fair-trade certification share, audit frequency, forced or child labor incidents, traceability coverage, remediation speed, ethical clause coverage, materials risk index, or supplier diversity spend, was found in the provided articles.
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Honest & Fair Business
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The company was levied a $42.6 million civil penalty by the EPA for Clean Air Act violations that occurred between 2014 and 2018, with the settlement announced in December 2024.
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The company has a Global Whistleblower Policy, which includes a German Addendum expanding its scope to various stakeholders like former employees and applicants, and explicitly prohibits retaliation against reporters.
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Employees annually certify their understanding of the Global Ethics Policy and related business conduct policies.
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Whistleblower reporters receive confirmation of their report within seven days, and follow-up actions are communicated within three months.
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Nine out of ten board members are independent and meet heightened independence standards.
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The company maintains a global FCPA and Anti-Corruption Policy and conducts ongoing compliance training at all its locations.
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Kind to Animals
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No information regarding animal welfare, cruelty-free certifications, animal testing, ethical sourcing of animal-derived ingredients, humane practices, habitat conservation, or investments in animal-free alternatives was found in the provided articles. The articles focused on the company's crane products, their use in a zoo, and general environmental, social, and governance (ESG) initiatives unrelated to animal welfare.
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No War, No Weapons
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Manitowoc has a $192 million contract with the U.S. Army for cranes, with a potential value of $258 million.
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The company supports and strives to uphold the UN Guiding Principles on Business and Human Rights.
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It has a Supplier Code of Conduct that prohibits human trafficking and child labor, and audits its suppliers to confirm compliance.
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All employees annually affirm compliance with the company's Code of Conduct and Human Rights training.
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Additionally, Manitowoc has a Conflict Minerals Policy that requires suppliers to trace material content and provide due diligence documentation, and it publishes a Conflict Minerals Report.
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,
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This policy establishes a red line against knowingly using conflict minerals from the Conflict Region.
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Planet-Friendly Business
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No evidence available to assess Manitowoc Company Inc. on Planet-Friendly Business.
Respect for Cultures & Communities
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No evidence available to assess Manitowoc Company Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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No evidence available to assess Manitowoc Company Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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The company currently recycles or reuses 70% of its total waste.
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It has implemented waste reduction initiatives, including positioning recycling bins throughout its Baltar, Portugal facility and adopting new painting techniques that have reduced paint waste, spray emissions, compressed air usage, and filter changes.
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For hazardous waste management, a chemical warehouse with fire protection and retention units was installed to better manage hazardous waste by separating paint from solvents.
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The company has set a quantitative target to achieve 95% waste separation at its Baltar, Portugal facility by 2022.
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