Howmet Aerospace Inc. (HWM) — ESG & Values Scores

Environment story

Provided filings contain no quantified Scope 1, 2, or 3 emissions data, no disclosed net-zero target year, and no verified physical decarbonization capital projects. Under the deterministic rubric, undisclosed Scope 3 data and the absence of a credible near-term net-zero target each trigger the maximum applicable deduction. No specific, sourced environmental controversy (e.g., a named toxic-waste or water-use incident) appears in the supplied documents, so no severity deduction was applied there, and no credit was given for decarbonization capex absent verifiable disclosure. This is a research-oriented assessment based solely on the documents provided and does not constitute investment advice.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

Board-Level ESG and Climate Oversight

Board committees, together with the CEO and senior leadership, review key ESG metrics quarterly and ESG goals/plans at least annually; Company publishes an annual ESG Report.

Social story

A substantial portion of Howmet's global workforce is covered by collective bargaining agreements, and the 10-K discloses general risk of labor disputes/strikes but no specific documented union-suppression activity or strike involving Howmet's own workforce within the last 24 months (the disclosed 2024 strike/work-stoppage risk pertains to customer Boeing, not Howmet employees). Board-level gender diversity (3 of 9 directors, ~33%) is above the 30% threshold, so no deduction was applied there; executive-level diversity percentages were not disclosed. A moderate deduction was applied for unmitigated supply-chain human-rights exposure given the Company's disclosed reliance on cobalt as a raw material without an accompanying audit or mitigation disclosure in the provided sources. This is a research-oriented assessment and does not constitute investment advice.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

Collective Bargaining Framework

Company maintains multiple collective bargaining agreements globally with varying durations and expiration dates.
Workforce Attraction & Retention Programs

Disclosed efforts to recruit, train, and retain skilled labor amid aerospace demand growth and skills shortages.

Governance story

Howmet maintains a single-class share structure with no supermajority voting provisions, and 8 of 9 director nominees (~88.9%) are independent, exceeding the 75% threshold, so no deductions applied for share-structure or independence. No disclosed lobbying expenditures targeting climate or consumer-protection rollback, and no active antitrust, consumer-safety, or financial-fraud regulatory proceedings were identified in the provided documents. Past cybersecurity breaches were disclosed as a risk factor but do not constitute a regulatory proceeding under the rubric and were not scored. This is a research-oriented assessment and does not constitute investment advice.

Criticisms on file

Company disclosed past cybersecurity breaches involving unauthorized access/exfiltration of information; no quantified financial or regulatory impact stated.
Source: HWM_10k.txt (Item 1A Risk Factors - Information Technology)

Disclosed initiatives

Independent Lead Director

Combined Chairman/CEO role paired with an independent Lead Director holding a defined mandate and significant authority.
Shareholder Rights Provisions

Proxy access, shareholder right to call special meetings, and shareholder action by written consent are permitted under governing documents.
Compensation Risk Mitigation

Clawback policy, no parachute tax gross-ups, no hedging/pledging, double-trigger change-in-control provisions.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Howmet Aerospace Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Howmet Aerospace Inc. in the app for interactive charts and portfolio building.

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