MESSAGE FROM ABOUT SUSTAINABILITY AT PRODUCTS WITH ENVIRONMENTAL SOCIAL GOVERNANCE AND GRI, SASB, AND TCFD OUR CEO HUBBELL HUBBELL IMPACT STEWARDSHIP RESPONSIBILITY ACCOUNTABILITY DISCLOSURES NEW PRODUCT DEVELOPMENT From ideation to production, we are committed to developing Our innovation strategy aims to accelerate Hubbell's best-in-class products that meet our customers’ business and sustainability objectives. Hubbell’s New Product Development organic growth by increasing investment in vertical (NPD) e昀昀orts are centered on developing solutions that enable our customers to solve critical infrastructure problems. In addition to markets aligned with clean energy megatrends, continuing to pursue NPD innovations in our existing product lines, including grid modernization and electri昀椀cation. Hubbell has recently accelerated our e昀昀orts to invest in higher value innovation opportunities across our portfolio. These investments are primarily focused in six key strategic growth verticals: utility T&D infrastructure, utility distribution automation, electrical transportation, renewables, data centers, and communications. Increasing our NPD investment in these verticals supports our strategy to accelerate organic growth across clean energy megatrends in grid modernization and electri昀椀cation. In addition, our NPD e昀昀orts are conducted through a comprehensive stage-gate process, which includes a stage evaluating environmental performance. PRODUCT QUALITY AND SAFETY Delivering exceptional products that are high quality and safe is paramount to Hubbell. From product design to material sourcing to manufacturing, we aspire to develop solutions that meet, and even surpass, the expectations of our customers. To that end, we embed foundational elements of quality, safety, and reliability into our full product lifecycle. Due to the diverse nature of our businesses and their associated product lines, each business unit is responsible for managing product quality and safety and aligning their approach with relevant production factors, business targets, and customer requirements. Product quality and safety management practices that are consistent across both our HUS and HES segments include establishing safety considerations during the product design and production process, performing product quality testing procedures that re昀氀ect best practice quality management systems like the International Organization for Standardization (ISO) 9001, and ensuring compliance with applicable regulatory requirements. 20
Hubbell 2023 Sustainability Report Page 19 Page 21