Terex Corporation (TEX) — ESG & Values Scores

Environment story

Terex demonstrates weak environmental transparency and governance. The company discloses no Scope 1, 2, or 3 emissions data, has no published net-zero target, and relies heavily on product-level sustainability claims (electric/hybrid equipment) without quantifying operational carbon footprint. The 10-K acknowledges regulatory exposure to evolving emissions standards and sustainability reporting obligations (EU CSRD, California Climate Data Accountability Act) but provides no baseline metrics or reduction pathways. Electric product offerings are described qualitatively only. No evidence of verified physical decarbonization investments (e.g., renewable energy procurement, facility upgrades). Supply-chain emissions from manufacturing in North America, Europe, and Asia are undisclosed. Greenwashing risk is elevated: company markets 'electric and hybrid offerings' and 'products that support renewable energy' but does not quantify their penetration, revenue contribution, or actual carbon avoidance. Capex in 2026 planned at $185M with focus on manufacturing/transformation but no renewable energy or decarbonization targets specified. Risk disclosure emphasizes regulatory compliance costs rather than proactive mitigation.

Criticisms on file

No disclosed Scope 1, 2, or 3 emissions; no net-zero target; non-compliance with emerging sustainability reporting standards (EU CSRD, California Climate Data Accountability Act) appears imminent.
Source: TEX 10-K Risk Factors, Item 1A; MD&A sustainability obligations language
Tariff impacts on supply chain and cost structure; supply-chain emissions from global operations in North America, Europe, Asia Pacific undisclosed.
Source: TEX 10-K Risk Factors, supply-chain and tariff sections

Disclosed initiatives

Electric and Hybrid Product Offerings

Company states products deliver 'quiet and emission-free performance' in electric/hybrid form factors across MEWPs and equipment for utilities and materials processing. Revenue/unit penetration not quantified.
Renewable Energy Support Products

Products described as supporting renewable energy deployment; specific revenue or market share not disclosed.
Waste Recovery and Materials Management

Products aid in recovery of useful materials from waste; environmental benefit unquantified.

Social story

Terex exhibits moderate social governance with significant gaps in transparency. Union representation is minimal (approximately 1% of U.S. workforce as of Dec 31, 2025), indicating either weak unionization or limited labor organizing activity; the 10-K notes 'no reason to believe' future strikes will occur but acknowledges risk of future unionization and potential wage/benefits conflicts. No disclosed CEO-to-median-worker pay ratio; executive compensation structure not provided in source documents, preventing direct calculation. Diversity metrics (gender/race in workforce and leadership) are not disclosed; no mention of formal DEI programs, supplier diversity, or pay-equity audits in the 10-K. Turnover rate not disclosed. Supply-chain labor practices are not addressed; no mention of audits, conflict minerals policy, or human-rights due diligence in sourcing. The company emphasizes 'attracting and retaining talent' and acknowledges 'wage inflation' and 'labor shortages' as material risks, but provides no quantitative commitments on living wages, diversity targets, or labor standards. Safety is stated as a 'top priority' with '2025 strongest safety performance to date' but no injury rates, OSHA metrics, or third-party verification provided. Overall, social disclosure is minimal relative to industry expectations.

Criticisms on file

No disclosed CEO-to-median-worker pay ratio; executive compensation structure not transparent in 10-K filing.
Source: TEX 10-K, no compensation disclosure in source documents
No disclosed workforce diversity metrics (gender, race, ethnicity, disability); no formal DEI programs, supplier-diversity initiatives, or pay-equity audits mentioned.
Source: TEX 10-K, Risk Factors and MD&A sections silent on diversity
No supply-chain labor audits, conflict minerals policy, or modern slavery statement disclosed; no human-rights due diligence disclosed for global operations.
Source: TEX 10-K Risk Factors section does not address supply-chain labor practices or human-rights commitments
Minimal unionization (1% of U.S. workforce); company acknowledges risk of future unionization efforts and potential labor disputes if wages/benefits are not competitive.
Source: TEX 10-K, Item 1A Risk Factors – Human Capital Risks section

Disclosed initiatives

Safety Performance Leadership

Company claims 'strongest safety performance to date' in 2025; stated as 'top priority' for team members and customers. Specific injury rates, OSHA recordable incidents, or third-party certifications not disclosed.
Talent Attraction and Retention Programs

Company acknowledges need to attract, hire, train, develop, engage, motivate and retain qualified personnel; mentions additional pay and incentives to address wage inflation and labor shortages.

Governance story

Terex governance structure exhibits moderate deficiencies. Board independence percentage is not disclosed; single-class voting structure (no dual-class shares mentioned) is positive. Lobbying spend is not quantified in the 10-K; company is a member of Coalition of American Manufacturers of Mobile Access Equipment, which has pursued anti-dumping cases against Chinese imports, suggesting active trade-policy engagement but not climate-deregulation lobbying. The company is subject to a 2009 SEC injunction and consent order barring violations of anti-fraud, books/records, reporting, and internal-control provisions; any future breach carries severe penalties. In early-stage antitrust class-action litigation (described as 'without merit'); company states it will 'vigorously oppose' but no resolution or settlement disclosed. No evidence of shareholder climate proposals, FPCA/bribery violations, or significant antitrust/consumer-safety fines in the source documents, though company notes exposure to foreign-corruption risks and compliance programs in place. Material SEC injunction is the most significant governance red flag, as it creates ongoing compliance burden and liability exposure.

Criticisms on file

SEC injunction (2009) barring violations of anti-fraud, books/records, reporting, and internal-control provisions; any future breach carries severe penalties and material adverse impact on business. Ongoing compliance burden.
Source: TEX 10-K, Item 1A Risk Factors – Legal, Regulatory & Compliance Risks; 'We must comply with an injunction and related obligations imposed by the SEC'
Early-stage antitrust class-action litigation; company named as defendant in multiple suits; company states lawsuits are 'without merit' and will 'vigorously oppose' but no resolution or outcome disclosed.
Source: TEX 10-K, Item 1A Risk Factors – 'We face product liability claims, litigation and other liabilities'; 'In addition, we are in the early stages of industry anti-trust class action lawsuits'
Board independence percentage not disclosed; cannot assess compliance with governance best practices.
Source: TEX 10-K, no board composition data in source documents
Lobbying expenditures not quantified; company is member of Coalition of American Manufacturers of Mobile Access Equipment pursuing anti-dumping cases, suggesting trade-policy engagement but not climate-deregulation lobbying.
Source: TEX 10-K, Item 1A Risk Factors – 'The Coalition of American Manufacturers of Mobile Access Equipment, an alliance of mobile access equipment producers in the U.S. of which we are a member, pursued anti-dumping and countervailing cases'

Disclosed initiatives

Anti-Corruption Compliance Program

Company has internal policy prohibiting commercial bribery and public corruption; conducts compliance risk reviews, training programs, and reputational due diligence on third parties. Zero-tolerance policy for violations of anti-corruption laws.
Internal Control and Reporting Compliance

Company implements effective internal control processes post-acquisition; required compliance with 2009 SEC injunction and consent order regarding anti-fraud, books/records, reporting, and internal-control provisions.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Terex Corporation. 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 Terex Corporation in the app for interactive charts and portfolio building.

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