Corporate Governance

A LETTER FROM

OUR CEO IVO JUREK

More than a century ago, Gates operated from a single location based in Denver, Colorado. Today, we are 15,000 team members strong, serving customers in more than 130 countries. Much has changed since Gates invented the V-belt that revolutionized power transmission systems, but what has not changed is our ongoing commitment to all our stakeholders — customers, employees, shareholders, and communities.

We continued to optimize our operations for cost savings and to reduce environmental impact in the short term, while also staying committed to longer term decarbonization and waste-reduction targets.

On behalf of our company leadership, I’d like to thank all our stakeholders for your continued support and hope you find the details of our progress on ESG in the following pages insightful.

Read the full letter and learn more about our efforts to sustainability.

Download the 2023 Sustainability Report

CORPORATE GOVERNANCE | LIVING OUR CULTURE | COMPLIANCE COMMITMENT | ETHICAL SOURCING

ENVIRONMENTAL, SOCIAL AND

GOVERNANCE OVERSIGHT

Gates’ Board oversees and has responsibility for environmental, social and governance issues, and is committed to integrating these principles into the Company’s long-term strategic vision. Gates’ Board has a formal schedule for consideration of environmental, social and governance matters, including the review of related metrics, and is regularly briefed on emerging issues and trends as they arise. Gates is committed to integrating these principles into the Company’s long-term strategic vision, including review of related metrics, and ESG risks and opportunities.

Meet All Of Our Corporate Board Members

LIVING OUR CULTURE

Over the past 110 years, we’ve built our reputation as a leading, global manufacturer with integrity, a strong sense of personal responsibility, and a dedication to working safely. Our five corporate core values of accountability, collaboration, tenacity, curiosity and dedication are an integral part of how we do business. We continue to focus on the wellness of our employees, the strength of our partnerships with our customers, suppliers and distributors, and the sustainability of our environment. Simultaneously, we embrace the diversity and vitality of our global communities.

COMPLIANCE COMMITMENT

DOING BUSINESS RIGHT

We are committed to maintaining the highest ethical and legal business standards, and this guides our decision making and day-to-day activities. Compliance and ethics are deeply embedded in our business strategy. Gates’ team members and directors are expected to follow both the spirit and letter of our Code of Business Conduct and Ethics. Gates’ Code defines our approach to doing business the right way and provides resources to address compliance and ethics concerns.

ETHICS, INTEGRITY AND CORPORATE RESPONSIBILITY

DOWNLOAD THE 2023 SUSTAINABILITY REPORT

SOCIAL COMPLIANCE & HUMAN RIGHTS

ETHICAL SOURCING

Our policies guide our interactions with suppliers, partners and customers worldwide. Adherence to our Supplier Code of Conduct ensures that co-manufacturers and independent suppliers share our commitment to a high ethical resolve, have similar standards and policies in place and practice our core values in their business operations. Where possible, we work directly with our partners to help develop and implement the right way to do business.

LEARN MORE ABOUT OUR COMMITMENT TO

SUSTAINABILITY

ETHICS, INTEGRITY AND CORPORATE RESPONSIBILITY

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