Federal Signal Corp. (FSS) 2024年CSR報告「NYSE」.pdf

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1、CEO MessageWho We AreHistoryOur Mission,Vision,&ValuesOur LocationsOur BrandsSelected Applications:GeofencingMicrotrenching Electrified ProductsDump Truck Body LightweightingSmart Vehicle ReadinessIndustrial SignalingSafe Digging34567810111213141516Street SweepingMetal ExtractionSustainability Highl

2、ightsEnergy PerformanceFacility Environmental HighlightsOur PeopleEmployee BenefitsCommunity EngagementIndustry AdvocacyManufacturing ProfilesHealth&SafetyGovernanceSustainability CommitmentGRI Index1718192022252627313233343536Reportat a GlanceThis is our fifth annual Sustainability Report,highlight

3、ing the progress we have made on our Environmental,Social,and Governance(ESG)initiatives.To prepare this report,we conducted amateriality assessment to understand the ESG topics that are most important to our internal andexternal stakeholders.This report provides details on our performance on many o

4、f these topics.Over the course of the last few years,we have completed several acquisitions.For these reasons,when preparing this report,we were diligent in collecting data that was consistent and complete across our business portfolio.This report was produced following the Global Reporting Initiati

5、ve(GRI)Sustainability Reporting Standards and the Institutional Shareholder Services Inc.(ISS)Environmental and Social Disclosure QualityScore Framework.Information in this report covers our fiscal year ended December 31,2023,unless otherwise indicated.Certain metrics also include references to our

6、performance in2018,2019,2020,2021 and 2022.We may make periodic updates on our ESG performance in thefuture,and intend to include those updates on the Sustainability page of our website.We are proudto be a company whose products have inherent environmental and social importance,and we hope that our

7、pride is evident upon reading this report.As a leading manufacturer of specialty infrastructure maintenance and hauling vehicles and safety products,we have the duty to actresponsibly to run our business sustainably,and with a long-term,evidence-based perspective on environmental,social,and corporat

8、egovernance issues,and make a positive difference for our employees,customers,dealers,and other stakeholders.In our fifth annualSustainability Report,we highlight the ways in which we make a difference to our customers,our communities,and our environment.We arecontinuing to make progress.At Federal

9、Signal,our people are our most valuable resource,and we care about their well-being and growth.We provide them with health andsafety programs and career opportunities,and we offer attractive benefit packages.We do not tolerate or accept any form of discrimination inour organization.Vehicle electrifi

10、cation remains a focus for the Company,with new efforts to adopt the technology in our multi-purpose maintenance vehiclesand road-striping products,expanding its footprint in businesses with an earlier start on electrification.We continue to invest in this area,maintaining significant R&D spend.Meas

11、urable progress is key as we work to shrink our carbon footprint,both within our facilities and through the products we manufacture.Wehave incorporated ESG goals into our annual management incentive programs in order to drive the performance we seek.We have increasedthe cadence with which we monitor

12、 our utility consumption from yearly to monthly in order to pinpoint where,how,and when the contributionsto our footprint are greatest.We are thrilled to announce that we have achieved the goals we set in 2018 for water,electricity,and greenhouse gas intensity reductions.This achievement is a testam

13、ent to the dedication and hard work of our entire team.Though we are pleased with the progress we have madeto date,we believe we can continue to improve.Building on our success,we are excited to announce our new goals to realize furtherimprovement by 2030.Federal Signal has been innovating for over

14、120 years to tackle the challenges of our customers,and today is no different.We know thatinvesting in our people,using clean technology in our products,and following the highest ethical standards benefits us and the world.We are committed to upholding our reputation as a sustainable and desirable e

15、mployer,business partner,and investment option for our stockholders.Regards,A Message from our CEOThe 2024 Federal Signal Sustainability Report03The 2024 Federal Signal Sustainability Report04Who We AreFederal Signal Corporation was founded in 1901 and joinedthe New York Stock Exchange(NYSE)in 1969.

16、We tradeunder the ticker symbol FSS.We are a leading global designer,manufacturer,andsupplier of products and total solutions that servemunicipal,governmental,industrial,and commercialcustomers.Our product portfolio includes(i)vehicles andequipment for maintenance and infrastructure end-markets,incl

17、uding sewer cleaners,industrial vacuum loaders,safe-digging trucks,street sweepers,waterblasting equipment,road-marking and line-removal equipment,multi-purposemaintenance vehicles,dump truck bodies,trailers and metalextraction support equipment,and(ii)public safetyequipment,such as vehicle lightbar

18、s and sirens,industrialsignaling equipment,public warning systems,and generalalarm/public address systems.In addition,we engage in thesale of parts,service and repair,equipment rentals,andtraining as part of a comprehensive aftermarket offering toour customers.Our HistoryImpact#1Impact#1With candor

19、andcoherence,weare willing tospeak our minds.ClarityWe strive to takeaction wisely,applying ourextensive bodyof knowledge forthe benefit of ourcustomers,ouremployees,andour company.JudgmentWithout thebelief that we arelikely tosucceed,weguarantee thatwe will not.OptimismThe 2024 Federal Signal Susta

20、inability Report06Our commitmentto developing ourworkforce meansthat changingbusinessconditions will notimpede theaccomplishment ofour mission.AdaptabilityWhile we are freeto choosedifferent tacticsalong the way,wewill not waver fromour strategy,ourvalue proposition,and ourcommitment todelighting ou

21、rcustomers.FocusWe care deeplyabout our customers,and about our fellowemployees.We arerelentless in thepursuit of solutions tocustomer problems,and we empower ouremployees to helpthem better meetthose customerneeds.PassionAs an organization,we are relentless in our commitment to our customers to bui

22、ld and deliver equipment of unmatched quality that moves material,cleans infrastructure,andprotects the communities where we live and work.Federal Signals equipment keeps society moving,which means we have a duty to help solve the trickiest problems of thefuture in a sustainable and ethical manner.W

23、ith every product we manufacture and every service we provide,we remain steadfast in our commitment to always do what is right.This commitment is shared throughout our organization,from our leadership to our people and the 4,500 individuals who work each day to make this vision a reality.Mission&Vis

24、ion We believe“why”is the mostimportantquestion of all,and weencourage eachother to ask it.IntellectualCuriosityImpact#1Our Mission,Vision,&Values Our LocationsThe 2024 Federal Signal Sustainability Report07*Location and employee data as of June 20244,500principal manufacturing facilities in five co

25、untries around the world23service center/customer support locations 35employees4,500Our BrandsThe 2024 Federal Signal Sustainability Report08The 2024 Federal Signal Sustainability Report09A Suite of Products toKeep the World RunningWhether its a first responder racing to the scene of an emergency,a

26、dump truck carrying material for theconstruction of a new road or building,a street sweeper cleaning public spaces,or a vacuum excavator helping toreplace a gas main,our products help to move materials,clean and maintain infrastructure,and protect thecommunities where we work and live.Our products h

27、elp make work more efficient and life safer.And while you may not see them at work,many of themare there in the background,keeping the modern world running.Our public safety products provide emergency warnings and communications for first responders,industrial andgovernment facilities,and the genera

28、l public.Our materials hauling solutions help contractors,landscapers,and waste management groups move bulky loadssafely,simply,and economically.Our infrastructure maintenance equipment helps keep roads orderly,install and maintain a broad range of buriedinfrastructure,and keep industrial processes

29、operating smoothly.On pages 10-18 of this report,we highlight a number of ways in which our products are used in different applicationsthat help our customers improve their overall environmental handprint.The 2024 Federal Signal Sustainability Report10Sewer cleaning is a nondestructive method of mai

30、ntaining buried waterinfrastructure and is considered a best practice for maintaining publichealth and local watershed quality.In many parts of the US and Canada,though,sewer systems can be many decades old,with piping that ismore fragile than newer or more modern piping materials.A Vactor municipal

31、 customer recently adopted“Geofencing”in its sewercleaning operations,using it to reduce the risk of damaging the citys oldsewer infrastructure during routine maintenance operations.Geofencingallows our customers to automatically limit the maximum pressure that asewer cleaning system applies to the

32、sewer,with the maximum pressuredetermined by the trucks location.Reducing the risk of damaging sewer infrastructure allows customers toget more out of their maintenance and repair budgets,and allows sewersystems which are a key element of a citys water management system to operate effectively.Applic

33、ation Focus:GeofencingThe 2024 Federal Signal Sustainability Report11Application Focus:MicrotrenchingIn response to skyrocketing demand for connectivity and the recognition of theimportance of the internet to nearly every aspect of life,the US FederalGovernment announced in 2023 an initiative to con

34、nect everyone in Americawith affordable,reliable,high-speed internet.The highest-bandwidth,mostcost-effective way to deliver internet to most communities is fiber-optic cable,routed along traditional municipal rights-of-way using microtrenchingtechniques.In 2023,we undertook an activity to understan

35、d the un-and under-met needs ofmicrotrenching and to discover the role that the vacuum conveyance systems inour Guzzler and Truvac products could play in accelerating the adoption ofmicrotrenching.Using a vacuum loader to remove debris from an excavatedslot trench,we discovered that we could greatly

36、 reduce the cost and time offiber-optic installation beneath roads,accelerating the spread of connectivity tobusinesses and residences alike.Microtrenching also delivers safety benefits to equipment operators,withtrenches so narrow that they dont present a hazard to operators,bystanders,or vehicle t

37、raffic.The 2024 Federal Signal Sustainability Report12Application Focus:Electrified ProductsWe continue to see the adoption of electrified products as key to thesustainability goals of our customers and communities.Our growingportfolio of electric products is helping customers to lower their carbonf

38、ootprint while maintaining the highest standards of functionality,safety,and maintainability.2023 saw our full-size,100%electric Broom Bear mechanical sweeper joinour lineup of other electrified trucks,including the plug-in,hybrid electricBroom Bear and Pelican sweepers.Electrification efforts conti

39、nued at ourother businesses,as well.We have released EV-compatible versions ofour Rugby and Switch-N-Go dump truck bodies,and we have begunelectrification efforts in several other truck businesses:MRL,Trackless,and Vactor all have active electrification programs under way.The electrification of cons

40、umer vehicles is a difficult task;theelectrification of specialty vehicles is an even bigger one.Our trucks aredesigned to do a job which means they use large amounts of energy,andat high power levels.Engineering a vehicle to store and use large amountsof electrical energy while remaining safe and l

41、egal to operate requires acommitment and skillset that few organizations possess.We are proud tobe undertaking this challenge.The 2024 Federal Signal Sustainability Report13Our customers prize the functionality that our dump truck bodies bring them,but the mass of the dump truck body is not what the

42、y are paid to transport so weight reductions in our products benefit our customers by helping themcarry more payload,safely and legally.And considering that every other tripa dump truck makes,the body is empty,weight reduction offers outsizedimprovements to fuel consumption,chassis wear,and vehicle

43、safety whenthe truck is deadheading.Reducing the empty weight of a metal container without compromising itsstrength and reliability is not easy,but weve managed to make significantprogress:Ox Bodies has reduced the weight of the Stampede body by 600lb,OSW reduced the weight of the Side Dump Trailer

44、by 1760 lb,and Rugbydeveloped an aluminum version of their 18 dumping platform,weighing morethan 1500 lb less than the equivalent steel product.Weight reduction also offers safety improvements:by reducing the weight onthe truck,an empty dump truck is easier to control and if a collision shouldoccur,

45、lighter weight leads to less risk of damage and injury.Application Focus:DumpTruck Body LightweightingThe 2024 Federal Signal Sustainability Report14Autonomous vehicles(AV)and automated driver assistance systems(ADAS),are already reshaping the experience of driving a consumer vehicle.Thesesystems pr

46、ovide automated steering,speed control,and braking to makedriving safer,easier,and more convenient.Both ADAS and fully-autonomous vehicles are masterpieces of engineering,but their function relies on the presence of another,humbler technology tofunction properly:clearly marked roads.Without a clear

47、indication of wherethey are intended to drive,most automated vehicle systems may notfunction as intended and would revert control to a human operator.AVs require road markings that are distinctly different than legacy markings:materials and dimensions need to be modified to make roads as safe asposs

48、ible for automated vehicles.Recognizing the important role they play inensuring that our roads are AV/ADAS-compatible,Mark Rite Lines Equipment(“MRL”)has been actively engaged with autonomy standards-settingorganizations around the world.At MRL,the future of roads has alreadyarrived.Application Focu

49、s:“Smart”Vehicle Readiness at MRLThe 2024 Federal Signal Sustainability Report15As the incidence of drought,flood,wildfires and extreme weather increases,the need for outdoor warning sirens is increasing.But while outdoor warningsirens reason for being is to alert the public when danger is present o

50、verlarge areas,it is often exactly when the grid isnt functioning that warningsirens are most needed.Our warning systems group offers outdoor warning sirens that are equippedwith solar power and battery energy storage.Solar panels can be utilized asa secondary charging source for situations when pow

51、er could be out for longperiods,or as primary sources in locations where grid power is simplyunavailable.Because fires can easily be started by energized transmission anddistribution lines in wildfire-prone geographies,electricity utilities commonlycut power to those lines as preventive measures.In

52、such cases,solar poweris not just a useful backup power system for outdoor warning sirens butcritically important to their operation.Application Focus:Warning SystemsThe 2024 Federal Signal Sustainability Report16Application Focus:Safe DiggingAs weather in North America intensifies,buried utilities

53、are increasingly seen as asafer and more reliable alternative to above-ground utility structures drivinggreenfield infrastructure to be built underground.At the same time,“theelectrification of everything”from industry to consumer vehicles is driving theupgrade and replacement of electrical infrastr

54、ucture that is already below thesurface.Mechanical excavation works well when there is nothing already under the ground.But when buried utilities or other structures are present,mechanical excavation canbe a dangerous tool to use proved out by the approximately 200,000 times peryear that a mechanica

55、l excavator strikes a buried utility.Our TRUVAC“safe-digging”line of vacuum excavation trucks and trailers provides asafer and more efficient alternative to traditional digging methods in the presenceof underground infrastructure.Increasingly accepted as a standard practice in the utility industry,v

56、acuumexcavation significantly mitigates risk and reduces the chances of damagingunderground infrastructure.The method has been widely adopted throughout theU.S.,with 19 states and the Occupational Safety and Health Administration(OSHA)now include vacuum excavation as part of their“safe excavation”be

57、st practices.The 2024 Federal Signal Sustainability Report17Elgin Sweeper has been a pioneer in street sweeping technology for more than100 years,and we continue to offer innovative products that decrease waterpollution,maintain the safety of our roads,and keep our cities clean.Our range of products

58、 has grown over time,incorporating new technologies anddesign philosophies that increase our sweepers performance and enhancetheir comfort,ease of operation and maintainability.Our sweepers use waterjudiciously,or not at all.They can be fueled by diesel or natural gas.Our newestmodels are electrifie

59、d,available with hybrid propulsion or 100%battery-powered.The U.S.Environmental Protection Agency(EPA)has long identified streetsweeping as a best management practice to protect watersheds from pollutedstormwater runoff.By clearing away debris and sediment from the streets,Elginstreet sweepers help

60、to stop harmful toxins and materials from polluting ourenvironment and prevent backups and flooding that can cause property damageand spread disease.Clean and well-functioning sanitary and storm sewers areessential for the health and safety of our communities,and street sweepingcontributes significa

61、ntly to this goal.Application Focus:Street SweepingThe 2024 Federal Signal Sustainability Report18The extraction of metals and minerals is a vital sector for the electric vehicleand electronics industries,as it provides the raw materials needed to producebatteries,circuits,and other components.Witho

62、ut this extraction,there wouldbe no lithium,cobalt,nickel,copper,or rare earth metals that are essential forthese technologies.Heavy-duty trucks extract ore,transport it to processing plants or dumpingareas,and deal with byproducts of the extraction process.They are designedto handle rough terrain,h

63、eavy loads,and extreme weather conditions.Thesetrucks increase productivity and efficiency in mineral extraction.Ground Force Worldwide and TowHauls products support the equipment usedin the extraction of critical minerals.Most haul trucks,dozers,graders,loaders,or shovels sold to a mine or quarry a

64、re supported by one or more Ground ForceWorldwide trucks or TowHaul trailers.The importance of electronics to every aspect of modern life cannot beunderstated,nor can the importance of the challenge to electrify everything thatcan be electrified.Ground Force products play an integral role in both.Ap

65、plication Focus:Mineral&Metal Extraction SustainabilityHighlightsOur company has been around for a long time,and we hope to be around for a long time more so we regard the sustainability of our planet,our communities,and our business practices with the utmost seriousness.This commitment is shared th

66、roughout our organization,from our leadership to our people the over 4,500 individuals who work each day to make this vision a reality.We have installed a new fire suppression system at our Safety and Security Systems Group facility in University Park,IL.This state-of-the-art system enhances safety

67、while reducing environmental impact through efficient water usage and minimizing potential fire hazards.A new,energy-efficient roof has been installed at our dump truck body manufacturing facility in Tishomingo,MS.This upgrade not onlyimproves the facilitys energy efficiency by reducing heating and

68、cooling demands but also demonstrates our commitment to maintainingsustainable infrastructure.We have equipped several of our facilities with advanced laser technology.These lasers improve manufacturing precision,reduce materialwaste,and enhance the overall sustainability of our production processes

69、.In a remarkable demonstration of our commitment to community service,a Vactor sewer cleaner was used to rescue an individual trapped ina grain elevator.We have launched the 100%fully electric Broom Bear street sweeper,which will help municipalities reach their own sustainability objectives.Organica

70、lly,and through M&A,we have expanded the number of products in our portfolio that support Federal,state,and localelectrification efforts.In 2023,we expanded our product electrification offerings,by developing dump truck body options in the class 6 range that are compatiblewith,and sold alongside,ele

71、ctrified chassis options.Since many of our products consume or collect water as part of their functions,they must be tested for watertightness at our factories.Thisdemand adds to the quantity of water consumed in our operations.As we did when completing the expansion of our plant in Streator,IL in20

72、20,we have added or expanded water reuse/recycling capabilities at several of our other facilities.We have participated in a voluntary“demand response”program with local utility providers to shed power usage during system events andtests to help keep the power grid up and running.We have begun track

73、ing our total metal consumption,alongside the fraction of metal that is unused by,or scrapped,in our productionprocesses.We are conducting energy consumption assessments and adopting energy efficiency measures across our manufacturing footprint.We are working with local utility providers to implemen

74、t best practices and capture energy reduction incentives.The 2024 Federal Signal Sustainability ReportELECTRICITYin kWh per Dollar RevenueEnergy Performance-Consistent ImprovementWATERin kWh per Dollar RevenueGREENHOUSE GAS EMISSIONS in total tons CO2e per Dollar RevenueNATURAL GAS in Therms per Dol

75、lar Revenue 2018 2019 2020 2021 2022 20232018 2019 2020 2021 2022 20232018 2019 2020 2021 2022 20232018 2019 2020 2021 2022 202327%reduction over 201832%reduction over 201814%reduction over 20182%increase over 2018Measurable progress is key as we work to shrink our carbon footprint,both within our f

76、acilities and through the products we manufacture.We set a goal of reducing our greenhouse gas(GHG)emissions intensity 10%by 2025(from our2018 baseline).We are proud to announce that,as of 2023,we have achieved this goal in water,electricity,and GHG consumption levels.We remain committed to our stat

77、ed goals for natural gas consumption intensities,and believerecent facility upgrades and investments will contribute to achieving those goals.In recognition of this significant reduction achievement,Federal Signal is announcing new reduction goals,stated on the next page.With several of our acquisit

78、ions that we have completed in recent years located in colder climates,we have seen a modest increase in our natural gas intensity,with the need to heat the newly acquired manufacturing facilities.As we seekto achieve our stated goals,we will be refocusing our efforts to reduce natural gas consumpti

79、on this year.Above,you can find our measurements for water,natural gas,and electricity consumption,normalized by dollar revenue,as well as our greenhouse gas emissions.Across all of our facilities and operations,we are committed to workingtowards reducing our energy and water consumption to limit ou

80、r environmental impact.0.02850.02450.02520.02550.02320.02070.02850.02450.02520.02550.02320.02070.02090.02230.01890.01880.01720.01420.00002090.00001890.00001960.00002000.00002040.00001840.0013540.0012870.0014260.0014270.0016520.001374Updated Energy Consumption Goals Reduce our fuels consumption(inThe

81、rms per Dollar Revenue)intensity by 10%*By 2030,we aim to:Reduce our electricityconsumption(in kWh per DollarRevenue)intensity by 10%*Reduce our water consumption(inGallons per Dollar Revenue)intensity by 10%*Reduce our CO2 production(total TonsCOe Emitted per Dollar Revenueintensity by 10%*Compared

82、 to 2022 intensity Facility EnvironmentalHighlights We are proud of our long-standing commitment to the sustainable operationsof our businesses.We continue to seek opportunities to reduce resourceconsumption at our manufacturing facilities,and we highlight in this reportsome of our latest actions to

83、 improve both our businesses and their impact onlocal communities.ENVIRONMENTAL COMPLIANCEWe closely monitor our facilities to ensure our operations comply with allapplicable environmental laws and regulations.We have implementedprocesses to ensure hazardous and non-hazardous waste from our faciliti

84、es isproperly handled and hauled away by a licensed operator for appropriaterecycling or disposal.Certain facilities engage in programs focused onrecycling scrap metal.When possible,we re-use clean process water tolessen the load on local water sources.We tie efficiency improvements to management in

85、centives,and we help ourpeople to identify opportunities for improvement through monthly tracking ofeach facilitys utility consumption.OUR SUPPLIERSWe also expect our suppliers to deliver goods and services in a manner thatdemonstrates respect for the environment.That includes minimizing harmfulenvi

86、ronmental impacts,conserving energy and natural resources to the extentpracticable,and complying with all applicable environmental laws andregulations relating to their operations.11The 2024 Federal Signal Sustainability Report22Our Jetstream business makes ultra-high-pressure water pumps and jettin

87、gsystems,so water consumption is an inherent part of their products operation.As a result,Jetstream uses the most water of any of our facilities.The majority ofJetstreams onsite water consumption is associated with new productdevelopment and product quality control.When a fluid is compressed,its tem

88、perature increases and water is noexception.Jetstreams pumps operate at pressures upwards of 40,000 psi,andthe water ejected from a pump is so hot that immediately re-ingesting that waterinto a pump could damage it.Jetstream historically used a set of cooling towersand a small retention pond to cool

89、 and capture water used for research anddevelopment purposes,but the limited capacity of the system meant that asignificant amount of water was still needed to be drawn from local supplies inorder to not constrain operations.In 2023,Jetstream leadership found a way to reduce the sites overall waterc

90、onsumption without inhibiting new product development by enhancing a set ofonsite terrain features to expand their water cooling and collection capabilities.Jetstreams efforts paid off:between 2020 and 2023,Jetstreams net waterconsumption fell by over 60%.11The 2024 Federal Signal Sustainability Rep

91、ort23Facility EnvironmentalHighlights-Jetstream11The 2024 Federal Signal Sustainability Report24In 2020,our Vama Public Safety business in Barcelona,Spain initiateda packaging waste reduction study,characterizing the volume andmaterials associated with shipping and storing its products.Actions infor

92、med by Vamas study helped it to increase thepercentage of overall waste recovered through recycling from 87%byweight to 94%by weight.Packaging waste contaminated withhazardous substances,already a small value,was reduced from0.075%down to 0.057%.The use of recycled cardboard packaging increased by o

93、ver 50%between 2021 and 2023.Vama also converted its lightbar packagingmethod from nonrecyclable,molded polyurethane,to fully-recyclablecrumpled-paper wrapping.During the same period,Vama made a major change to its plastic partsproduction process,converting always-on ceramic heaters to on-demand qua

94、rtz heaters.The change reduced electricity consumptionat Vamas plastics-forming facility by 26%.Facility EnvironmentalHighlights-VAMAThe 2024 Federal Signal Sustainability Report25Our PeopleFederal Signal is dedicated to investing in its most valuable asset its people.Our capability to provide top-q

95、uality and cutting-edge products and solutions tocustomers hinges on the skill,expertise,and dedication of our worldwide teamof more than 4,500 employees.Prioritizing the well-being and safety ofemployees,promoting career growth,and offering appealing benefits isnt justthe right thing to do-its what

96、 our people deserve.Our ability to deliver the industrys highest quality and most innovative products andsolutions for our customers is only achievable through the talent,knowledge,andcommitment of our global team of over 4,500 employees.We take pride in thework that we do,and we strive to empower a

97、nd support our people when weprioritize their health and safety,career development,and offer attractive benefitpackages.EMPLOYEE ENGAGEMENTTRAINING&DEVELOPMENTWe believe there is always more to learn,so weoffer extensive training opportunities to ourworkforce within our facilities.Training areasincl

98、ude essential topics like workplace safety andanti-fraud training as well as lean manufacturingprinciples and internal sales training programs.Through a Tuition AssistanceProgram,we assist andencourage employees to expandtheir knowledge,skills,and jobeffectiveness by continuing theireducation at loc

99、al accreditedinstitutions of higher learning.TUITION ASSISTANCEOur online training platform,FederalSignal University(FSU),provides ouremployees access to over 500courses that deliver instruction andresources to our sales,service,andparts teams.This tool has been utilized for over 15 years.FEDERAL SI

100、GNAL UNIVERSITYWith our dedication to quality anduncompromised performance,training is key.At many of our dump body manufacturinglocations,we offer an 80-hour on-the-jobtrade school program,which through one-on-one instruction equips our workers with theknowledge and skills needed to weld on ourdump

101、 truck bodies.SCHOOL OF WELDThe 2024 Federal Signal Sustainability Report26MEDICAL ANDPRESCRIPTION DRUGPLANS EMPLOYEEWELLNESS PLANSDENTALPLANSVISIONPLANSFLEXIBLE SPENDINGACCOUNTS FOR HEALTHCARE ANDDEPENDENT CARE HSAEMPLOYER-PAID LIFE ANDACCIDENTAL DEATH&DISMEMBERMENTINSURANCE SHORT/LONG-TERM DISABIL

102、ITYRETIREMENT SAVINGSPLAN WITH COMPANY MATCHEMPLOYEEASSISTANCE PROGRAMEmployee BenefitsFederal Signal has a deep commitment to employee well-being through acomprehensive and competitive benefits program.By offering a range ofbenefits that support the physical,mental,and financial health of ouremploy

103、ees,we demonstrate our dedication to fostering a positive andsustainable work environment.The 2024 Federal Signal Sustainability Report27The employees of VactorManufacturing braved 20degree temperatures to makethe Polar Plunge for Make-A-Wish,collecting$7,160 fromcolleagues.Ground Force Worldwidesup

104、ported the local Holidaysand Heroes event,raisingover$10,000 forunderprivileged children inthe Coeur dAlene,ID area.CommunityEngagementProtecting,building,and strengthening our communities is a corepart of Federal Signals mission.We believe that supporting thecommunities where our employees and cust

105、omers live and work isgood business and the right thing to do.By donating time and money to local charities,promoting and participating in educationaland wellness programs,and volunteering in local communityevents,Federal Signal and our employees are committed to givingback and improving our surroun

106、ding areas.The 2024 Federal Signal Sustainability Report28CommunityEngagementWe foster relationships in ourcommunities with local highschools and area colleges toteach technical skills and trainingthat tomorrows jobs will require.Our ongoing commitment toenvironmental,social,andgovernance initiative

107、s positionsus well in the communities inwhich we operate and is adifferentiating factor in our abilityto attract labor at our facilities.TALENT ACQUISITION VACTOR MANUFACTURINGVactor works extensively withthe local community to buildawareness around opportunitiesand partners with localresources incl

108、uding high schoolsand colleges on career fairs,open shop nights,scholarshipprograms,weld and fabricatorprograms,and even high school“signing days”where studentscan“declare”they are joiningthe Vactor Team!As a result ofthe teams continued efforts,Vactor has filled 40 positionsexternally since the beg

109、inning ofthe year on our sales,service,and parts teams.Elgin proudly collaborates withlocal high school and communitycollege welding and fabricationprograms.Elgin engineersvolunteer to showcase a number ofcareer paths involved in makingElgin Sweeper products.This year,counselors from five Elgin Area

110、School District high schools touredElgin Sweeper to inform thedevelopment of career andtechnical education programsdesigned to prepare their studentsfor jobs in manufacturing.ELGIN SWEEPER WELDING FEEDERPROGRAM 2023 summerhigh school welding programIn 2023,JJE was delighted todonate$10,000.00 to sup

111、portKidSport,whose mission is toensure that all kids canparticipate in sports.Participation in sports allowskids to make lastingfriendships and provides asense of community.Guzzler Manufacturing,extendedan offer to Mt.Laurel Elementaryschool of Birmingham,AL for theirstudents to explore a Guzzler tr

112、uckas a part of their career week.Wewould like to extend our gratitudeto the Knightingales!The 2024 Federal Signal Sustainability Report29Feature in Leadership:Lisa Baran,VP HumanResources At Federal Signal,we take pride in fostering a culture ofcommunity engagement at all levels of our organization

113、.Thisyear,we are thrilled to celebrate Lisa Baran,our Vice Presidentof Human Resources,for being honored with the Volunteer ofthe Year Award by the Elgin Area Chamber of Commerce.Lisa has been instrumental in bridging the gap between ElginSweeper Company and local schools,passionately advocatingfor

114、skilled trades.Her efforts not only promote valuable careeropportunities for students but also ensure a steady pipeline oftalent for our business.By connecting students with stable jobs,attractive compensation and benefits packages,and careeradvancement opportunities,Lisas work exemplifies ourcommit

115、ment to community development and economicempowerment.Lisas volunteerism reflects the core values of Federal Signal,where leadership is not just about driving business success,butalso about making meaningful contributions to the communitieswe serve.The 2024 Federal Signal Sustainability Report30Swit

116、ch-N-Go:Empowering UniquelyAbled Individuals Switch-N-Go exemplifies its commitment to local communitiesthrough its collaboration with the Uniquely Abled Project.Thisinitiative focuses on empowering high-functioning autistic adultsby providing them with essential employment skills.Through tailored t

117、raining programs and hands-on experiences,Switch-N-Go helps these individuals harness their unique talentsand integrate into the workforce.This partnership not onlyenriches the lives of participants but also brings uniqueperspectives and skills to our organization,fostering innovation.Switch-N-Gos d

118、edication to the Uniquely Abled Project highlightsour broader mission to support and uplift our communities,reinforcing our belief that every individual has the potential tocontribute meaningfully to society and the workplace.11The 2024 Federal Signal Sustainability Report31Industry Advocacy,Profess

119、ionalAssociations&MembershipsENVIRONMENTAL SOLUTIONS GROUPAmerican Equipment ManufacturersAmerican Gas AssociationAmerican Public Works AssociationAmerican Rental AssociationCommon Ground AllianceDistribution Contractors AssociationGas Technology InstituteGeorgia Utility Contractors AssociationGreat

120、 Lakes Trenchless AssociationFiber Broadband AssociationHydrovac Alliance of OntarioIllinois Asphalt Pavement AssociationMISS DIG 811National Association Sewer Service CompaniesNational Association of Trailer ManufacturersNational Plasterers CouncilNational Railroad ConstructionNational Trailer Deal

121、ers AssociationNational Truck Equipment AssociationNational Utility Contractors Association North American Power Sweeping AssociationNorth American Society for Trenchless TechnologyNorth American Rendering Association Power and Communication Contractors AssociationRailway Engineering-Maintenance Sup

122、pliers AssociationSociety for Protective Coatings(Association for MaterialsProtection&Performance)U.S.Ice Rink AssociationWater Environment FederationWaterJet Technology AssociationWaterJet Industrial&Municipal Cleaning AssociationNational Association of Electrical DistributorsNational Electrical Ma

123、nufacturing Representative AssociationNational Fire Protection AssociationNational Truck Equipment AssociationNTEA-Ambulance Manufacturers DivisionNew Hampshire Association of Fire ChiefsNorth Carolina Sheriffs AssociationSAE InternationalSociety of Automation EngineersSpecialty Equipment Market Ass

124、ociationTransportation Safety Equipment InstituteSAFETY AND SECURITY SYSTEMS GROUPAmerican Association of State TroopersAudio Engineering Society Calumet Manufacturing Industry Sector PartnershipCanadian Professional Sales AssociationConnecticut Police AssociationElectro Federation CanadaFire Appara

125、tus Manufactures AssociationFire Department Safety Officers AssociationGeorgia Association of Chiefs of PoliceMassachusetts Association of Chiefs of PoliceNAFA Fleet Management AssociationFEDERAL SIGNAL CORPORATIONAmerican Payroll Association Association of Certified Fraud Examiners(ACFE)Association

126、 of Corporate Counsel(ACC)Chicago Finance Exchange(CFE)Illinois CPA Society(ICPAS)National Association of Corporate Treasurers(NACT)National Safety CouncilSociety for Human Resource Management(SHRM)The Institute of Internal Auditors(IIA)The 2024 Federal Signal Sustainability Report32Manufacturing Pr

127、ofilesHear the inspirational stories of some of our many leaders.Felicia Lalla is a third-shift robot weld operator at VactorManufacturing,where she specializes in welding body barrels forsanitation and utility trucks.Her role involves working with a largerobot that ensures all seams are watertight,

128、along with performinghand welding tasks.Felicias journey into the welding field began in community collegeand she previously held a position at a heavy axle manufacturingcompany.Seeking new opportunities,she began a welding role atVactor.“I was thrilled when the opportunity at Vactor opened upbecaus

129、e I was able to utilize what I had studied for,”says Felicia.Felicia is invigorated by deep camaraderie found at Vactor.It reallyhelps having strong friendship bonds,she says.When you careabout your coworkers,it makes the job easier-I really love what Ido and my colleagues.Its such a welcoming envir

130、onment.I trulycherish the opportunity to go into work,and this is a sentimentshared by many of us.She also highlights the culture of learningand growth at Vactor,where experienced workers are alwayswilling to lend a hand and share their knowledge.FELICIA LALLA-VACTOR MANUFACTURING Charlotte Mryzgod,

131、a Technical Writer in the EngineeringDepartment at Ground Force Worldwide,plays a crucial role inensuring that our technical documentation is clear,precise,andaccessible.Her meticulous attention to detail and profoundunderstanding of our products help bridge the gap betweencomplex engineering concep

132、ts and practical applications.Charlotte is passionate about the culture of continuous learningat Ground Force.Her enthusiasm for our innovative products andher dedication to professional growth make her an invaluablemember of our team.I love the culture of learning at Ground Force,Charlotte shares.B

133、eing part of a team that values knowledge and innovationinspires me every day,and I take great pride in contributing tothe success of our products.CHARLOTTE MRYZGOD-GROUND FORCE Kristina Davidson,National Warranty Administrator at Joe JohnsonEquipment,ensures that our customers receive exceptional s

134、erviceand support.Her role involves managing warranty claims andcoordinating with various departments to maintain our highstandards of customer satisfaction.Kristina thrives in the collaborative environment at Joe JohnsonEquipment,where teamwork and mutual support are thecornerstones of success.“You

135、 are never going to know everything,but if you are willing to learn,others will teach you.Thats a specialthing about the culture here,”notes Kristina.Kristina found an environment at JJE where employees encouragedto pursue both their professional and personal goals.“This is areally family-oriented w

136、orkplace.”KRISTINA DAVIDSON-JJEThe 2024 Federal Signal Sustainability Report33Dear Colleague,At all our Federal Signal locations,creating and maintaining a safe and healthy workplace is a toppriority for both the Company and the well-being of every employee.Many of our business units made great adva

137、nces in improving safety metrics over the past year.Tocelebrate and share these purposeful improvements in our workplaces,I am pleased to announce the2023 Federal Signal Workplace Hazard Reduction Awards.These awards recognize excellence in locallyinnovative solutions to safety challenges,the implem

138、entation of new procedures that translate to lowerrisk,accident prevention,and other changes demonstrating improvement in workplace safety.Theenterprise Safety Council and an award selection committee will continue to review entries throughoutthe year.No limit is set on the number of submissions per

139、 location.I am proud to recognize the following business units with the 2023 Federal Signal Workplace HazardReduction Awards:Deist:Installation of a vacuum lift to place sheets of steel on the shear reducing ergonomic riskfactors.Elgin Sweeper:Installation of projectors at high traffic areas notify

140、employees&visitors of safetyrequirements.Mark Rite Lines:Installation of a fume extractors to reduce the employee exposure to hazardousweld fumes.OSW:Installation of additional guarding on a brake press to prevent access to the point-of-operation.TBEI Duraclass:Installation of lift truck seat-belt a

141、ctivators to prevent operation unless seat belt isfastened.Trackless:Installation of removable barricades around the Wash Bay to prevent accidentalaccess.Vactor:Inhouse designed and constructed cylinder rack to capture oil and the capability oftransferring to waste barrels with an attached air pump.

142、Federal Signals Safety Council members focus on utilizing best safety practices in our plants tocontinuously improve the Total Case Incident Rate(TCIR)at their facilities,a metric US manufacturerstrack year over year.In recognition of the ongoing effort and success to reduce the TCIR in ourworkplace

143、s,I am extremely pleased to present the 2023 Federal Signal Presidents Safety Award to TBEIRugby.Through their diligent safety programs,this location significantly reduced their TCIR in 2023compared to 2022.This outstanding result demonstrates the strong commitment to safety from theemployees,superv

144、ision,and management.Please join me in congratulating our colleagues on their meaningful strides towards safer workplaces!Regards,Jennifer ShermanPresident and Chief Executive Officer Presidents Safety Award Letter Health&SafetyThe safety and well-being of our employees are paramount.Webelieve that

145、a secure and healthy workplace is the foundation ofour success and a reflection of our core values.We haveintensified our efforts to ensure that every team memberoperates in an environment where safety is not just a priority,buta fundamental principle.Our comprehensive safety programs,continuous tra

146、ining,and investment in state-of-the-art equipmentunderscore our commitment to safeguarding our workforce.Aswe look to the future,we remain steadfast in our dedication tofostering a culture where every employee can thrive andcontribute to our shared mission without compromise.The safety of our emplo

147、yees is a top priority.Wehave a company-wide Safety Council,consisting ofsafety managers from each business,that regularlymeets to collaborate and implement safetyimprovement initiatives.Our Workplace HazardReduction programs and awards recognize andaccelerate progress toward our goal of zeroworkpla

148、ce accidents by identifying and sharingsafety improvement ideas across all ourbusinesses.SAFETY COUNCILMaintaining a hazard-free workplaceencourages everyone to stay healthy and injury-free.To recognize and share the purposefulsafety improvements made to our workplaces,we announced the 2023 Federal

149、SignalWorkplace Hazard Reduction Awards tocommend the business units implementinglocally innovative solutions to safety challengesand other changes demonstrating improvementin workplace safety.2023 WORKPLACEHAZARD REDUCTIONAWARDS The Federal Signal Presidents Safety Award recognizes the U.S.location

150、 with the mostimproved Total Case Incident Rate(TCIR)year-over-year.The 2023 Presidents SafetyAward was presented to Rugby Manufacturing.These outstanding results demonstratethe strong commitment and dedication to safety from our employees,supervisors,andmanagement.FEDERAL SIGNAL PRESIDENTS SAFETY A

151、WARDThe 2024 Federal Signal Sustainability Report34Governance The Board is elected by the stockholders to oversee their interest in the overall successof the business,its long-term financial strength,and to oversee senior management.Pursuant to our By-Laws,we have established standing Board committe

152、es,including:(i)Audit;(ii)Compensation andBenefits;and(iii)Governance and Sustainability.The Board hasdetermined that all of the members of these committees areindependent as defined under NYSE and SEC rules.The Board hasadopted a charter for each committee to comply with therequirements of the NYSE

153、 and applicable law,copies of which areavailable on the Corporate Governance page of our website.We separate the roles of CEO and Chairman of the Board.Separating these positions allows our CEO to focus on the day-to-day leadership and performance of our Company while allowing ourChairman to lead ou

154、r Board in its fundamental role of providingadvice to and oversight of management.The independent Board members have also elected a LeadIndependent Director who serves as principal liaison between theCEO and the independent directors,approves agendas for Boardmeetings,chairs meetings of the independ

155、ent directors in executivesessions,and provides independent governance oversight ofmanagement.Our Board believes this is the appropriate leadershipstructure for our Company at this time and demonstrates ourcommitment to good corporate governance.The Board retains theauthority to modify this leadersh

156、ip structure as and when appropriateto best address the Companys current circumstances and toadvance the interests of all stockholders.COMMITTEES OF OURBOARD OF DIRECTORS CORPORATEGOVERNANCEOur Executive Leadership Team,led by CEO Jennifer Sherman,provides strategic and day-to-day management of our

157、activities.Ultimate oversight of the Company rests with our Board of Directors.Our Board is currently comprised of eight directors.Additionalinformation about our Corporate Governance policy and adescription of our Board committees is available on the CorporateGovernance page of our website.SUSTAINA

158、BILITY GOVERNANCESustainability Governance falls under the purview of theSustainability team,which reports to the Chief Technology Officer.The team focuses on advising,developing,and implementingstrategies on environmental,social,and governance matters andrelated new initiatives across the business

159、divisions.At the Board of Directors level,the Governance and SustainabilityCommittee is responsible for providing oversight and periodic reviewof the Companys environment and social governance program andshall report its review findings to the Board on no less than an annualbasis.As the role of sust

160、ainability within corporations continues togrow in importance,so too will our dedication and commitmenttowards building a better society for future generations.BOARD OFBOARD OFDIRECTORSDIRECTORSBY THEBY THENUMBERSNUMBERSDirectorTenureaverage directortenure in years 9.1 Meeting Attendancein 2023100%O

161、ther PublicCompany Boards of board members have positions on other public company boards 75%The 2024 Federal Signal Sustainability Report35Sustainability CommitmentWe expect our suppliers to embraceour commitment to integrity andconduct their business in compliancewith all laws,rules,and regulations

162、,aswell as our internal guidelines andpolicies.Therefore,we haveestablished a Supplier Code ofConduct that outlines our standardsand policies for those doing businesswith and/or on behalf of FederalSignal.We expect all suppliers andagents to conduct businessactivities in compliance with ourSupplier

163、Code of Conduct,including those laws that prohibitunfair or illegal trade practices,bribery,kickbacks,unfair pricing,or misrepresentation of productsor services.These laws include,but are not limited to:Antitrust and fair competitionlawsAnti-corruption laws for theapplicable country wherebusiness is

164、 conducted,as wellas the Foreign CorruptPractices Act(FCPA),and theUK Bribery ActAnti-boycott laws,tradeembargoes,and import/exportcontrol lawsLaws and regulationsassociated with insider tradingHealth and SafetyOur Supplier Code of Conduct also requiressuppliers to follow international norms onchild

165、 labor,forced labor,and other laborissues,and to identify and address humantrafficking and conflict minerals in theiroperations and supply chains.We performannual anti-bribery training and conductroutine audits to ensure compliance with ourprogram.Our Conflict Minerals policy and our SupplierCode of

166、 Conduct reflects our commitment tothe responsible sourcing of Conflict Mineralsused in our products,and to avoiding theknowing use of Conflict Minerals in ourproducts which directly or indirectly finance,benefit,provide support to,contribute to,assist with or facilitate armed conflict in theDemocra

167、tic Republic of the Congo andadjoining countries.If we determine that anysupplier is violating this policy,we reserve theright to either suspend or discontinue the useof the supplier in a timely fashion,or requirethe supplier to commit to a suitable correctiveaction or risk mitigation plan.Any suppl

168、ierscontinued failure to adhere to our policiesand/or refusal on its part to address issues ofconcern may lead to suspension ortermination of our business relationship withthe supplier.The 2024 Federal Signal Sustainability Report36INDICACTORBRIEF DESCRIPTIONLOCATION OF INFORMATIONOrganizational Pro

169、file102-1Name of the organizationFederal Signal Corporation102-2Activities,brands,products and services Pages 4,8 102-3Location of headquarters Downers Grove,IL102-4Location of operations Page 7102-5Ownership and legal form Page 4102-6Markets served Page 4,8102-7Scale of the organization Page 4,7102

170、-8Information on employees and other workers Pages 25-33102-9Supply chain Page 35102-10Significant changes to the organization and its supplychain2023 Form 10-K,Pages 2-13102-11Precautionary principle or approach 2023 Form 10-K,Pages 2-13102-12External initiatives Pages 27-30102-13Membership of asso

171、ciations Page 31Strategy102-14Statement from senior decision-maker Page 3102-15Key impacts,risks,and opportunitiesPage 3Ethics and Integrity102-16Values,principles,standards and norms of behaviorPage 6102-17Mechanisms for advice and concerns about ethicsCorporate Governance-Hotline Governance102-18G

172、overnance structure Page 34102-19Delegating authority2024 Proxy,Page 19102-20Executive-level responsibility for economic,environmental,and social topics2024 Proxy,Page 3102-21Consulting stakeholders on economic,environmental,and social topics2024 Proxy,Page 3102-22Composition of the highest governan

173、ce body and its committees2024 Proxy,Page 19102-23Chair of the highest governance body2024 Proxy,Page 16102-24Nominating and selecting the highest governance body2024 Proxy,Pages 13-18102-25Conflicts of interest2024 Proxy,Page 19INDICACTORBRIEF DESCRIPTIONLOCATION OF INFORMATION102-26Role of highest

174、 governance body in setting purpose,values,and strategy Page 19102-27Collective knowledge of highest governance bodyPage 14102-28Evaluating the highest governance bodys performancePage 19102-29Identifying and managing economic,environmental,andsocial impactsPage 21102-30Effectiveness of risk managem

175、ent processes Page 19102-31Review of economic,environmental,and social topicsPages 20-21102-33Communicating critical errors Pages 20-21102-35Renumeration policiesPages 26-38102-36Process for determining renumerationPages 26-38102-37Stakeholders involvement in renumeration2024 Proxy102-38Annual total

176、 compensation ratio2024 Proxy,Page 42102-39Percentage increase in annual total compensation ratio2024 Proxy,Page 42STAKEHOLDER ENGAGEMENT102-40List of stakeholder groups2023 Form 10-K,Page 4102-41Collective bargaining agreements2023 Form 10-K,Page 4102-42Indentifying and selecting stakeholders2023 F

177、orm 10-K,Page 4102-43Approach to stakeholder engagement2023 Form 10-K,Page 4102-44Key topics and concerns raised2023 Form 10-K,Pages 7-13REPORTING PRACTICE102-45Entities included in the consolidated financial statements2023 Form 10-K,Pages 72-73 102-46Defining report content and topic boundariesPage

178、s 2-3102-47List of material topicsPage 2102-48Restatements of informationPage 2102-49Changes in reportingNone102-50Reporting period Page 2102-51Date of most recent report June 2024102-52Reporting cycleAnnual102-53Contact point for questions regarding the reportBack Cover102-54Claims of reporting in

179、accordance with GRI standardsPages 36-37102-55GRI content index Pages 36-37General Disclosures(GRI 102)GRI IndexOur 2023 Sustainability Report was developed referencing the GRI Standards framework setforth by the Global Reporting Initiative(GRI)as of December 31,20223(the GRI UniversalStandards 2016

180、).The index below indicates which GRI disclosures are included in the reportand where they are located.Documents referenced outside of this report are linked to webpages.The 2024 Federal Signal Sustainability Report37INDICACTORBRIEF DESCRIPTIONLOCATION OFINFORMATIONManagement Approach(GRI 103)103-1E

181、xplanation of the material topic and its BoundaryPage 2103-2The management approach and its componentsthroughout the report103-3Evaluation of the management approachthroughout the reportEnvironmental(GRI 300)302-1Energy consumption within the organizationPage 20302-3Energy intensityPage 20302-4Reduc

182、tion of energy consumptionPage 20302-5Reductions in energy requirements of products and servicesPage 20303-1Interactions with water as a shared resourcePage 20303-3Water withdrawalPage 20303-5Water consumptionPage 20305-1Direct(Scope 1)GHG emissionsPage 20305-4GHG emissions intensityPage 20305-5Redu

183、ction of GHG emissionsPage 20306-2Management of significant waste-related impactsPage 20306-4Waste diverted from disposalPage 20307-1Non-compliance with environmental laws and regulationsPage 22Social403-1Occupational health and safety management systemPage 33403-2Hazard identification,risk assessme

184、nt,and incident investigationPage 33403-4Worker participation,consultation,and communication onoccupational health and safetyPage 33403-5Worker training on occupational health and safetyPage 33403-6Promotion of worker healthPage 33403-7Prevention and mitigation of occupational health and safety impa

185、ctsdirectly linked by business relationshipsPage 33404-2Programs for upgrading employee skills and transition assistanceprogramsPage 33405-1Diversity of governance bodies and employeesPage 34407-1Operations and suppliers in which the right to freedom ofassociation and collective bargaining may be at

186、 riskNone,Human Rights Policy408-1Operations and suppliers at significant risk for incidents of childlabor None,Human Rights Policy409-1Operations and suppliers at significant risk for incidents of forced orcompulsory labor None,Human Rights PolicyINDICACTORBRIEF DESCRIPTIONLOCATION OF INFORMATION41

187、2-1Operations that have been subject to human rightsreviews or assessments None413-1Operations with local community engagement,impactassessments,and development programsPages 27-30413-2Operations with significant actual and potential negativeimpacts on local communitiesNone415-1Political contributio

188、nsNone418-1Substantiated complaints concerning breaches ofcustomerprivacy and losses of customer dataNoneTopic-Specific Disclosures(GRI 102)Investor RelationsFelix Boeschen VP,Corporate Strategy and Investor RFSS SR-2024 I ISSUED 06/2024COPYRIGHT 2024 FEDERAL SIGNALCORPORATIONThese materials contain

189、 various forward-looking statements as of the date hereof and we undertake no obligationto update these forward-looking statements regardless of new developments or otherwise.Statements in thesematerials that are not historical are forward-looking statements.Such statements are subject to various ri

190、sks anduncertainties that could cause actual results to vary materially from those stated.Such risks and uncertaintiesinclude,but are not limited to:direct and indirect impacts of the coronavirus pandemic and the associatedgovernment response,risks and adverse economic effects associated with emergi

191、ng geopolitical conflicts,product and price competition,supply chain disruptions,work stoppages,availability and pricing of raw materials,cybersecurity risks,risks associated with acquisitions such as integration of operations and achieving anticipatedrevenue and cost benefits,foreign currency exchange rate changes,interest rate changes,increased legalexpenses and litigation results,legal and regulatory developments and other risks and uncertainties described infilings with the Securities and Exchange Commission.