Lincoln Electric’s Sustainability Performance Earned ‘Prime’ ESG Corporate Rating by ISS STOXX
Among the 203 companies in the Industrial Machinery and Equipment sector, Lincoln Electric’s corporate governance and business ethics, resource conservation practices, environmental management, and occupational health and safety performance ranked as high performing compared with sector averages. The Company also earned A grades across numerous policies and management systems, compliance and governance practices, as well as performance and targets for safety and various environmental metrics.
“We are proud to earn the Prime rating as it reinforces that our long-standing sustainability initiatives, dedicated work, platform investments, and transparency meet rigorous standards and it underscores our commitment to continuous improvement,” said Steven B. Hedlund, Chairman and Chief Executive Officer. “We believe that leading with integrity, advancing innovation, and operating sustainably are important to all stakeholders and differentiates the value we bring to industry, customers, and our communities. We are excited to further the impact we will make helping customers build better through our new RISE strategy,” Hedlund concluded.
Lincoln Electric’s RISE strategy and 2030 sustainability targets build upon the achievements and learnings from its last strategy cycle. The Company’s 2030 sustainability targets (versus a 2024 baseline) include:
-
Improving safety performance with a
34% reduction in total recordable case rates as the Company strives towards zero harm; -
Decreasing its carbon footprint with a
30% reduction in GHG emissions (scope 1 & 2); -
Deriving
20% of its energy from renewable sources; -
Reducing its water intensity by
10% in facilities located in areas of high or very high water stress; -
Decreasing its waste directed to disposal by
10% , which extends the Company’s achievements in recycling and landfill avoidance, and - Establishing life cycle assessments for ten primary product families to help customers achieve their sustainability goals.
In the past year, Lincoln Electric was also recognized for the eighth time as One of the World’s Most Ethical Companies by Ethisphere®, ranked by Newsweek in 2026 as one of America’s Most Responsible Companies and America’s Greatest Workplaces for Culture, Belonging & Community, and was cited by Forbes in 2026 as one of America’s Most Successful Mid-Cap Companies and a Best Midsize Employer.
To learn more about Lincoln Electric’s sustainability initiatives and performance, visit the Company’s sustainability report here.
About Lincoln Electric
Lincoln Electric is a high-performance industrial machinery and technology leader who helps customers manufacture and maintain vital equipment and infrastructure. Lincoln Electric’s innovative solutions enable higher quality and productivity across a variety of processes including welding, cutting, brazing, machining, process automation, and field repair. The Company leverages proprietary technologies and expertise in materials science, power electronics, automation, and intelligent software to help customers build better and achieve resilience in their operations. Headquartered in
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Amanda Butler
Vice President, Investor Relations & Communications
Tel: 216.383.2534
Email: Amanda_Butler@lincolnelectric.com
Source: Lincoln Electric Holdings, Inc.