At Thermon:

  • we care about our employees around the world and the communities in which they work and live
  • we commit to reduce the environmental impact of our operations
  • we collaborate with our customers in order to help them do the same through our products and innovations

The table below reflects our performance in our fiscal year ended March 31, 2020 (“FY20”) against the Sustainability Accounting Standards Board (“SASB”) Disclosure Topics applicable for Electronic Manufacturing Services & Original Design Manufacturing, Version 2018-10. For more information, please visit the SASB at www.sasb.org.

SASB Sustainability Disclosure Topics

Topic Accounting Metric Unit of Measure Code THR Result in FY20
Water Management (1) Total water withdrawn, (2) total water consumed, percentage of each in regions with High or Extremely High Baseline Water Stress Thousand cubic meters (m3)
Percentage
TC-ES-140a.1 Total water consumed is 13,466 m3 in major manufacturing locations in the United States, Canada and The Netherlands
Waste Management Amount of hazardous waste from manufacturing, percentage recycled Metric tons (t)
Percentage
TC-ES-150a.1 68t hazardous waste;
98% recycled
Labor Practices # of Work Stoppages
Total Days Idle
Number Days Idle TC-ES-310a.1v Zero work stoppages
Zero days idle
Labor Conditions Total Recordable Incident Rate (TRIR)
Near Miss Frequency Rate (NMFR)
For both a) direct employees and b) contractors
Rate TC-ES-320a.1 0.28 TRIR
6.6% NMFR

Metrics are for the total of employees and contractors
Labor Conditions Percentage of (1) entity’s facilities and (2) Tier 1 supplier facilities audited in the RBA Validated Audit Process (VAP) or equivalent, by
(a) all facilities and (b) high-risk facilities
Percentage TC-ES-320a.2 None (0%)
However, Thermon screens new suppliers during qualification
Labor Conditions (1) Non-conformance rate with the RBA
Validated Audit Process (VAP) or equivalent
and (2) associated corrective action rate for (a) priority non-conformances and (b) other nonconformances, broken down for (i) the entity’s facilities and (ii) the entity’s Tier 1 supplier facilities
Rate TC-ES-320a.3 Not Applicable
Product Lifecycle Management Weight end-of-life products and e-waste recovered
Percentage Recycled
Metric tons (t)
Percentage
TC-ES-410a.1 1.5t of end-of-life products
0% recycled
Materials Sourcing Description of the management of risks associated with the use of critical materials (a material that is both essential in use and subject to the risk of supply restriction) Discussion and Analysis TC-ES-440a.1 *See below
Activity Metrics

Number of Manufacturing Facilities

Number TC-ES-000.A Eleven (11)

Area of Manufacturing Facilities

Square Feet (ft2) TC-ES-000.B 540,000 ft2

Number of Employees

Number TC-ES-000.C Approximately 1,500

*Materials Sourcing Discussion and Analysis

As part of our manufacturing process, Thermon’s value added manufacturing is dependent upon critical materials sourced from third parties, of which 80% are either off-the-shelf or custom-made products with the other 20% comprised of raw materials. While our manufacturing locations are predominantly in North America, we operate an “in the region, for the region” strategy to diversify our supplier base, manage costs and hold inventory across our various sites. We perform a screening mechanism for conflict materials as part of our supplier approval and management processes. We use limited amounts of magnesium, graphite and platinum in our processes, and these commodities are sourced from multiple suppliers to ensure availability. The quantities we consume of these materials are insignificant compared to the global production and usage.