Impact Draft - Lancer Worldwide: Soda Fountain Dispensers

Leading the Change.

This is our Commitment.

TOGETHER

Lancer’s leadership champions a unified vision of sustainability, inspiring employees to contribute to the company’s mission of driving positive change for a sustainable and prosperous future.

Leading with Purpose

We're developing innovative solutions that benefit our customers, safeguard our communities, and protect the planet. By prioritizing Sustainability and Safety, we're creating an environment that fosters trust, productivity, and innovation. Our actions today will shape a Sustainable future for generations to come.

Innovating Sustainable Solutions

We are dedicated to designing products that minimize environmental impact while maximizing performance. Our commitment includes driving towards natural refrigerants with zero ozone depletion potential, developing more electrically and thermally efficient designs, and implementing strategies to reduce water and ice consumption. We strive to create higher quality, more reliable products that last longer, reducing waste and resource use.

A Multifaceted Journey

Integrating Sustainability into our corporate culture is crucial for fostering a responsible and forward-thinking organization. By embedding Sustainable practices into our daily operations, we empower each other to make choices that positively impact our environment, society, and the communities we serve. Our commitment extends to developing innovative solutions that not only benefit our customers but also contribute to a more Sustainable world.

Securing a Green Future

By aligning our financial strategies with Sustainability goals, we drive efficiency and position Lancer as a leader in responsible business practices. This integration ensures that we manage risks effectively while capitalizing on opportunities arising from the transition to a Sustainable economy. It's crucial that we remain vigilant about the potential risks of ignoring these practices and proactive in our approach to Sustainable finance.

Advancing Gender Equity

At Lancer, we are steadfast in advancing gender equity throughout our organization. We prioritize equal opportunities and strive to foster an inclusive environment where all individuals thrive.

Opportunities for Growth

We are dedicated to developing a diverse talent pipeline and enabling career aspirations for the future success of our company.

Workforce Diversity

Our commitment to workforce diversity across our operations, drives innovation and growth, creating a more vibrant and dynamic workplace.

Q2, 2024 At a Glance

24%

of our global workforce are women

23%

of our leaders of people are women

93%

is our year-to-date global retention rate

77%

of our U.S. workforce are U.S. racial and ethnic minorities

Protecting the Earth

We are committed to reducing environmental impact through a focus on carbon emissions, waste reduction, recycling, water conservation, and sustainable design. By emphasizing the use of greener materials and processes, as well as promoting a circular economy, we demonstrate a thoughtful and responsible approach to sustainability. We are implementing key actions and strategies to further strengthen these efforts.

Increase Recycling

We have set up comprehensive recycling programs, partnered with local recycling facilities, and conducted recycling awareness and training classes.

Waste Reduction

We conduct regular waste audits, implementing waste reduction training, and engaging in responsible procurement practices.

Carbon Emissions Reduction

We are implementing energy-efficient practices and technologies, transitioning to renewable energy sources, process optimization, improving transportation and logistics, and implementing sustainable sourcing practices.

Promoting a Circular Economy

We encourage the reuse, refurbishment, and remanufacturing of products, and support initiatives for circular supply chains.

Design for Sustainability

We are implementing best practices to use sustainable materials with low environmental impact, design products for durability and recyclability, minimize packaging, and conduct life cycle assessments to mitigate environmental impacts.

Water Conservation

We implement water recycling and reuse systems, educate employees on water conservation practices, and monitor and manage water usage.

Responsible Sourcing

We are committed to ethical and sustainable sourcing. This approach is crucial for our future, stakeholder trust, and responsible value creation. Our principles guide us in supporting a more ethical and sustainable global supply chain

Supplier Materiality

We have implemented supplier materiality as a critical component to identify, prioritize, and address the most significant sustainability impacts and risks within our supply chain.

Supplier Engagement

We have partnered with Assent: Supply Chain Management Solutions for Sustainability - Assent to engage our suppliers on responsible sourcing. The goal is to drive positive change in our supply chain and contribute to a more sustainable and ethical business ecosystem.

Implement Supplier Code of Conduct

We expect our suppliers to implement management systems to ensure compliance with these principles and to extend these standards to their own suppliers and subcontractors.