We have systems and controls in place to mitigate the risk against any form of Modern Slavery. Our values, policies, procedures, systems, and processes make up our Modern Slavery risk management system, which sets the foundation for ethical and safe working conditions in our business and supply chain.

1. Terex Way Values. Part of our keystone Terex Way Values are Citizenship, Integrity, and Respect. We never sacrifice integrity for profit. We are transparent in all our business dealings. We provide a safe and healthy environment for our team members and treat all people with dignity and respect.

    

   Terex Corporation Code of Ethics and Conduct (the “Code”) and Associated Training. The Code, which applies to all Terex team members, states the commitment of Terex to comply with all applicable laws, regulations and industry codes in every country where it does business. Our Company strictly prohibits Modern Slavery. All Terex team members receive training on the Code and failure to comply with the Code may result in disciplinary action up to and including termination of employment, in accordance with applicable local laws.

    

2. Terex Helpline. Terex has an established, confidential Helpline, administered by a third party, that is available 24 hours a day, seven days a week. Any Terex team member, supplier, or concerned individual can confidentially report violations of law or any concerns, including those related to Modern Slavery, through the Terex Helpline at www.ethicspoint.com, or +1-866-493-1856. All reports are investigated.

    

3. Retaliation is Strictly Prohibited. Terex will not tolerate any retaliation, as stated in the Code. Our strict “no retaliation” policy allows team members to know that they can raise concerns about modern slavery or other practices within our business or supply chain, without fear of reprisals.

    

4. Business Practices Advocates. Terex has Business Practices Advocates (“BPAs”) worldwide who are Terex team members that serve as advocates, resources, and facilitators for other team members. BPAs work directly with local leadership to identify opportunities that will deepen the culture of responsible business conduct. Terex relies on a BPA’s business experience and cultural insight to ensure that Modern Slavery is not present in the site’s workplace practices.

    

5. Risk Assessments. Semi-annually the Ethics & Compliance team conducts risk reviews with the leaders of our manufacturing sites. If any risks, adverse impacts, or violations of the law related to Modern Slavery are uncovered, Terex will promptly take action to mitigate and prevent them.

    

6. On-site Health, Safety, and Environmental (“HSE”) Professionals. All manufacturing sites have a HSE professional on-site to help ensure that we are following all applicable health, safety, and environmental laws, in turn promoting safe working conditions for our team members.

    

7. Supplier Evaluation. Terex evaluates prospective suppliers during supplier selection and, periodically thereafter, based on their business and risk profile and role in our supply chain. The evaluation assesses their overall risk, including any known risks of Modern Slavery, if present. Prior to transacting business with a supplier, an onsite supplier visit may be made to confirm the supplier’s capabilities and assess their overall risk. Additionally, after business has commenced with a supplier, unannounced onsite visits may be performed periodically. We will cease doing business with any supplier engaging in Modern Slavery.

    

8. Adherence to Standards by Suppliers. At the onset of the relationship with new suppliers, suppliers are expected to understand and adhere to our prohibition against Modern Slavery through either our Preferred Supplier Agreement or our Commercial Agreement, both of which require compliance with the Terex Corporation Supplier Code of Conduct (“Supplier Code”). The Supplier Code contains a modern slavery clause that requires the supplier to represent that neither it nor any of its subcontractors will engage in or utilize Modern Slavery. The Supplier Code also contains principles to promote ethical conduct in the workplace, including treating workers with respect and dignity. Additionally, we require our suppliers, either through a written Preferred Supplier Agreement, Commercial Agreement, Pricing Agreement, and/or the Purchase Order terms and conditions, to comply with all applicable laws, rules, regulations, orders, and standards, which include those prohibiting Modern Slavery.

    

9. Supplier Risk Assessment. Annually, we conduct a Supplier Risk Assessment which uses several factors to assess the potential risk of Modern Slavery in our supply chains, such as, the countries the products are manufactured in, whether the supplier has adequate health & safety policies in place, their adherence to certain labor standards, among others. We review the assessment results and work with select low-performing suppliers on the development and implementation of improvement plans to mitigate any risks that may be present. We report to the Board on the results of the Supplier Risk Assessment.