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2017 SUSTAINABILITY REPORT

Setting the direction for our
company through our responsible
governance practices and our
approach to sustainability.

Governance & Approach
Responsible and sustainable governance at ESCO Technologies is the foundation of our commitment to long-term value creation.
Board of Directors

ESCO’s Board of Directors is ultimately responsible for the management and oversight of the company. Our CEO Victor L. Richey also serves as Chairman of the Board. His dual guidance allows ESCO to speak with one voice and improves the clarity of leadership roles and responsibilities. Of the directors, six of eight are independent of ESCO management. Detailed information regarding the composition of our board of directors is available on the ESCO website through our Investor Center.

ESCO’s Corporate Governance Guidelines detail the roles, responsibilities and expectations we have for our Board. These include:

  • Board Composition
  • Functions of the Board
  • Board Meetings
  • Board Committees
  • Board Compensation
  • Selection of New Directors
  • Management Succession and Review

Our Board of Directors has four standing committees:

  1. Executive Committee
  2. Nominating and Corporate Governance Committee
  3. Audit and Finance Committee
  4. Human Resources and Compensation Committee

Only our non-executive, independent directors can serve on a Board committee, with the exception of the Executive Committee. Our Nominating and Governance Committee is responsible for periodically reviewing our corporate governance policies and actions, including any items pertaining to sustainability, and recommending any changes to our full Board.


Management Team

Day-to-day management at ESCO is the responsibility of the senior management team. Our general focus areas are Financial and Reporting, Legal and Compliance and Operational and Strategic. The entire senior management team is responsible for monitoring risks that could affect our progress towards innovation, market leadership and expansion. ESCO management regularly advises our Board of Directors on potential risks identified and our plan to mitigate or minimize these risks.

Victor L. Richey (center) Chairman, Chief Executive Officer and President
Gary E. Muenster (left) Executive Vice President and Chief Financial Officer
Alyson S. Barclay (right) Senior Vice President, Secretary and General Counsel


Sustainability Council

In 2017 we created the ESCO Sustainability Council to provide high-level leadership and strategic focus for our corporate-wide sustainability efforts. Each company president was asked to nominate individuals able to address the key sustainability-related issues we identified in our initial materiality assessment. That assessment, as detailed in our FY2016 report, identified the following 8 issues:

  • Ethics & Compliance
  • Innovation & Technology
  • Supply Chain Practices
  • Human Capital Management
  • Workplace Health & Safety
  • Energy Consumption & Greenhouse Gas Emissions
  • Water
  • Waste

This year we developed our first corporate-wide sustainability survey, which gathered information from each subsidiary regarding their ongoing sustainability-focused programs and identified opportunities for future actions. Members of the Sustainability Council from each subsidiary provided the information which was used to prepare this report.

As seen in our report, we are taking action in each of these areas and are proud to report on our accomplishments. As we build upon our sustainability program, we will revisit this list of topics regularly to establish baselines, set goals and guide our efforts as we continue to pursue long-term, sustainable growth.


Corporate Resources

Corporate Resources

2017 Annual Report
& Form 10-K

Board of Directors
Management Team
Corporate Governance Guidelines
Audit & Finance
Committee Charter

Human Resources
& Compensation
Committee Charter

Nominating &
Corporate Governance
Committee Charter

2017 Proxy Statement
FAQs

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