MESSAGE FROM ABOUT SUSTAINABILITY AT PRODUCTS WITH ENVIRONMENTAL SOCIAL GOVERNANCE AND GRI, SASB, AND TCFD OUR CEO HUBBELL HUBBELL IMPACT STEWARDSHIP RESPONSIBILITY ACCOUNTABILITY DISCLOSURES ESG PERFORMANCE INCENTIVE FOCUSING ON BUSINESS RESILIENCE Hubbell’s Chairman, President and CEO’s Across our company, we remain annual Short Term Incentive (STI) award focused on business resilience. has a component (of 20%) based on Through our ERM and regular performance on strategic initiatives and business continuity planning, we critical priorities, including diversity, equity, engage in a thoughtful approach to inclusion, sustainability/ESG, and safety. addressing potential risks that could Similarly, ESG performance impacts the 昀椀nancially impact our company. STI of all salaried, applicable employees. For example, we conduct strategic planning for our Sustainability is an established priority facilities to ensure business continuity in our operations in Hubbell’s enterprise-wide business regardless of potential risks such as natural disasters strategy, and the company’s performance and pandemics. We also work with a diverse supply directly in昀氀uences the annual STI allocated base to avoid potential disruptions or risks that could to employees. impact our ability to deliver our products to customers. RISK MANAGEMENT Hubbell’s Board of Directors serve as our main As part of our risk management processes, we vehicle for overall risk oversight. During Board conduct an Enterprise Risk Management (ERM) meetings throughout the year, our Directors analysis to assess the risks and opportunities review the company’s risk pro昀椀le and evaluate that may have a material impact on our company. key business and functional risk areas, spanning Our ERM procedure focuses on identifying, cybersecurity, operational planning, human prioritizing, and mitigating risk exposures to the Day in and day capital management, ESG, compliance, and company on an ongoing basis. At the strategic culture. Our Chairman, President and CEO level, our ERM enables Hubbell to integrate risk and senior leadership are also responsible management activities into our business strategy out, we proactively for assisting the Board with risk oversight. and operations by establishing mitigation plans, Through regular discussions with the Board, with assigned risk owners, that can be executed engage in risk our leadership team helps our Directors review by the business. In relation to ESG- and climate- and address the company’s strategic planning related risks, our ERM program drives our management activities, risks relevant to the execution of our processes for examining all relevant ESG risks, strategy, measures in place to address these including physical and transition risks associated processes. risks, and the e昀昀ectiveness of these measures. with the shift to a low-carbon economy. 57