MESSAGE FROM ABOUT SUSTAINABILITY AT PRODUCTS WITH ENVIRONMENTAL SOCIAL GOVERNANCE AND GRI, SASB, AND TCFD OUR CEO HUBBELL HUBBELL IMPACT STEWARDSHIP RESPONSIBILITY ACCOUNTABILITY DISCLOSURES ABOUT THIS REPORT REPORTING GUIDELINES AND CONTENT business conditions, geopolitical conditions and changes in general economic conditions, This report summarizes our approach to managing our material sustainability such as economic slowdowns, in昀氀ation, higher interest rates, recessions, higher energy issues, which are listed on page 10. We prepared this report leveraging leading costs; our ability to o昀昀set increases in material and non-material costs through price sustainability reporting frameworks, including the GRI Standards, SASB, and TCFD. recovery and volume growth; e昀昀ects of unfavorable foreign currency exchange rates and the potential use of hedging instruments to hedge the exposure to 昀氀uctuating rates of INTERPRETATION foreign currency exchange on inventory purchases; the lingering impact of the COVID-19 pandemic, including ongoing supply chain issues; the outcome of contingencies or costs In this report, the terms “Hubbell Incorporated,” “we,” “us,” “our,” “Hubbell,” and compared to amounts provided for such contingencies, including those with respect the “company,” refer to Hubbell Incorporated, a Connecticut corporation, and its to pension withdrawal liabilities; achieving sales levels to meet revenue expectations; consolidated subsidiaries, taken as a whole, unless the context otherwise indicates. The unexpected costs or charges, certain of which may be outside the company’s control; terms “material” and “materiality” as used in this report and the materiality assessment the e昀昀ects of trade tari昀昀s, import quotas and other trade restrictions or actions taken referenced above are di昀昀erent from those terms as used in the context of 昀椀lings with the US by the US, UK, and other countries, including changes in US trade policies; failure to SEC. Issues deemed material for the purposes of this report or the materiality assessment achieve projected levels of e昀케ciencies, cost savings and cost reduction measures, may not be deemed material for SEC reporting purposes. including those expected as a result of our lean initiatives and strategic sourcing plans; Unless the context otherwise indicates or requires, all our product names, trade regulatory issues, changes in tax laws including multijurisdictional implementation of names, trademarks, registered marks, service marks, or logos used in this report are the Organisation for Economic Co-operation and Development's comprehensive base part of the company’s intellectual property, although the “®” and “TM” trademark erosion and pro昀椀t shifting plan, or changes in geographic pro昀椀t mix a昀昀ecting tax rates designations may have been omitted. All rights to such intellectual property are and availability of tax incentives; general economic and business conditions as well as reserved. This report contains additional trade names of other companies. We do in昀氀ationary trends; the impact of and the ability to complete and integrate strategic not intend the use or display of these trade names to imply any endorsement or acquisitions; the impact of certain divestitures, including the consummation and timing sponsorship of us by these companies. of, and the bene昀椀ts and costs of, the sale of the Commercial and Industrial Lighting business to GE Current, a Daintree Company; the ability to e昀昀ectively develop and SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS introduce new products, expand into new markets and deploy capital; and other factors Certain statements contained herein may constitute forward-looking statements described in our Securities and Exchange Commission 昀椀lings, including the "Business," "Risk Factors," “Management’s Discussion and Analysis of Financial Condition and within the meaning of the Private Securities Litigation Reform Act of 1995. These Results of Operations,” “Forward-Looking Statements,” and "Quantitative and Qualitative include statements about expectations regarding our 昀椀nancial results, condition and Disclosures about Market Risk" sections in the Annual Report on Form 10-K for the year outlook, anticipated end markets, near-term volume, our ability to continue delivering ended December 31, 2022 and Quarterly Reports on Form 10-Q. di昀昀erentiated results for our shareholders in 2023 and beyond, and all statements, including our projected 昀椀nancial results, as well as other statements that are not REPORTING UNCERTAINTIES strictly historic in nature. In addition, all statements regarding anticipated growth, Certain non-昀椀nancial information in this report, including, without limitation, product changes in operating results, market conditions, and economic conditions are forward- information, competitive position data, and market trends, has been prepared looking. These statements may be identi昀椀ed by the use of forward-looking words or internally and has not been veri昀椀ed by any third party. Non-昀椀nancial information phrases such as “believe,” “expect,” “anticipate,” “plan,” “estimated,” “target,” “should,” is subject to measurement uncertainties resulting from limitations inherent in the “could,” “may,” "subject to," “continues,” “growing,” “projected,” “if,” “potential,” “will,” nature and methods used for determining such data. The selection of di昀昀erent but “will likely be,” "intend to," "aim to," and similar words and phrases. acceptable measurement techniques can result in materially di昀昀erent measurements. Such forward-looking statements are based on our current expectations and involve The precision of di昀昀erent measurement techniques may also vary. In addition, numerous assumptions, known and unknown risks, uncertainties, and other factors certain industry and market data described in this report were obtained from which may cause actual and future performance or the company’s achievements to be industry and general publications and research, surveys, and studies conducted materially di昀昀erent from any future results, performance, or achievements expressed or by third parties. While we believe this information is reliable and appropriate, this implied by such forward-looking statements. Such factors include, but are not limited to: information has not been veri昀椀ed by any independent source. 86