Mr. Kevin Parkes reports

FINNING RELEASES 2024 SUSTAINABILITY REPORT

Finning International Inc. has released its 2024 sustainability report highlighting continued progress in its sustainability performance and objectives.

"At Finning, everything we do is grounded in our purpose to create a positive impact," said Kevin Parkes, Finning president and chief executive officer. "In 2024, we made meaningful strides in reducing our GHG emissions, advancing diversity and inclusion, and supporting our customers with exceptional product support and technology solutions."

Key highlights from the 2024 report include:

• A 30-per-cent reduction in absolute Scope 1 and Scope 2 GHG emissions from a 2017 baseline; based on current assumptions, it is on track to meet its 40-per-cent target reduction by 2027;
• 64 per cent of graduates from its Semillero technician trainee program in Chile were women, supporting gender equity in the mining industry;
• $32.8-million in procurement from indigenous-owned businesses in Canada;
• 14,820 components remanufactured to like-new condition, reducing waste and resource use;
• Fifty-six per cent of non-hazardous waste was diverted from the landfill.

The report also details the company's investments in safety, leadership development and digital innovation. In 2024, the company increased safety-related critical control verifications by 27 per cent compared with 2023 and was encouraged by increased demand for technologies such as battery energy storage systems and dynamic gas blending to support customers' energy transitions.

The sustainability report is supplemented by the company's 2024 joint modern slavery report and its sustainability policy. These documents can be found at the Finning website.

About Finning International Inc.

Finning International is the world's largest Caterpillar dealer, delivering unrivalled service to customers for over 90 years. Headquartered in Surrey, B.C., it provides Caterpillar equipment, parts, services and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom and Ireland.

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