Kennametal.
KMT.US | Manufacture of metal-forming machinery and machine tools
Kennametal Inc. is a global industrial technology company. It designs, manufactures, and sells a wide range of tools, engineered components, and advanced materials consumed in production processes. The company operates through two segments: Metal Cutting and Infrastructure. The Metal Cutting segment...Show More
Better Health for All
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Kennametal has faced significant health-harming externalities. Groundwater at its Bedford, Pennsylvania facility has been contaminated with 1,1,1-Trichloroethane and 1,1-Dichloroethylene
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, with maximum contaminant level (MCL) exceedances continuing to be observed in monitoring wells MW-7 and SP-4 as of June 2015
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. While a groundwater pump and treat system has been in place since the mid-1980s
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, the EPA plans to reevaluate this system
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. The company has also incurred multiple environmental penalties, including air pollution violations in 2019 ($10,520)
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and 2018 ($7,175)
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, and environmental violations in 2008 ($205,000)
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and 2004 ($13,022)
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.
Fair Money & Economic Opportunity
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Kennametal Inc. is an industrial technology company that designs, manufactures, and sells tools, engineered components, and advanced materials. There is no evidence that Kennametal offers lending, deposit, or other financial services to consumers or businesses. Therefore, all KPIs related to Fair Money & Economic Opportunity are not applicable.
Fair Pay & Worker Respect
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In 2024, the company's CEO to median employee pay ratio was 55:1.
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Kennametal had one substantiated wage and hour violation in 2022.
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Fair Trade & Ethical Sourcing
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No evidence available to assess Kennametal on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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Kennametal maintains a robust global whistleblower policy, featuring a 24/7 anonymous, toll-free helpline operated by an independent third-party, available in local languages.
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The policy includes safeguards against victimization and explicitly prohibits retaliation against those who report concerns in good faith.
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While specific investigation completion times (normally within 30 days) are noted for its Indian subsidiary, the global system aims for timely investigations.
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Information regarding regulatory fines, transparency index scores, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board conflict-free percentages, anti-corruption policy specifics for the parent company, and the extent of third-party verification of ethical claims is not explicitly provided for KMT.US in the available articles.
Kind to Animals
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No specific, concrete evidence regarding Kennametal's (KMT.US) performance against any of the 'Kind to Animals' KPIs was found in the provided articles. The articles either discuss other companies, general market trends, regulatory landscapes, or a lawsuit unrelated to animal welfare. Therefore, all KPIs are omitted due to a lack of relevant data for Kennametal.
No War, No Weapons
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The provided articles do not contain specific, attributable evidence for Kennametal (KMT.US) regarding any of the Key Performance Indicators for the 'No War, No Weapons' ethical value. Article
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discusses general US arms sales but does not name Kennametal. Article
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details lobbying expenditures for KMT.US but does not specify the nature of the lobbying activities in relation to arms control. Article
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explicitly states it contains no relevant data for the specified metrics.
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Planet-Friendly Business
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The company reported no regulatory actions, violations, fines, or compliance issues for fiscal years 2023 and 2024.
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For fiscal year 2024, Scope 1 and 2 greenhouse gas emissions were reduced by 2%, water withdrawal decreased by approximately 4%, and waste recycling increased by 10%.
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Total Scope 1, 2, and 3 emissions for 2024 were approximately 0.781 million tCO2e.
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Several facilities utilize renewable energy, including 86% solar electricity in Bengaluru, 100% clean energy in Orwell, 100% hydropower in Indaiatuba, and 98% clean energy in Victoria, Canada.
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The company emphasizes vendor localization to reduce supply chain GHG emissions, conducts regular environmental audits, and has acquired green certifications for critical vendors and suppliers.
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Respect for Cultures & Communities
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The assessment is based solely on the provided articles. No specific, quantifiable evidence was found for Kennametal Inc. (KMT.US) that directly addresses the defined Key Performance Indicators for 'Respect for Cultures & Communities'. Information regarding CSR activities, grievance mechanisms, and cultural preservation was found for Kennametal India Limited (KIL), a subsidiary, but could not be applied to the parent company (KMT.US) as the articles did not explicitly state company-wide scope, as per the assessment rules.
Safe & Smart Tech
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Kennametal is facing a lawsuit alleging it stole former software partner MachiningCloud's trade secrets to build a competing sales platform, with MachiningCloud seeking $330 million in damages.
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Despite this, the company states it has not experienced any significant risks from cyber threats to date and does not believe it has been the target of a material successful cyber-attack.
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Kennametal relies on the NIST Cybersecurity Framework, continuously monitors and mitigates identified risks, manages a 24/7 Security Operations Center, and regularly tests preparedness for cyber incidents.
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Zero Waste & Sustainable Products
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No specific quantitative data was provided in the articles to assess Kennametal against the defined KPIs for Zero Waste & Sustainable Products. Information regarding waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back program coverage, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education was not explicitly stated with measurable metrics that align with the rubric's thresholds. Kennametal's Bengaluru facility received a GreenCo 'Gold' rating from the Confederation of Indian Industry (CII).
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The company's waste recycling efforts increased by 10 percent.
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The company also reduced scope 1 and 2 greenhouse gas emissions by 2 percent.
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Water withdrawal was reduced by approximately 4 percent.
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The company's revenue for fiscal year 2024 was $2 billion.
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The company surpassed the U.S. industry standard for total recordable incident rates by 150 percent.
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