On March 14, 2024, The Timken Company announced that it has received a shareholder proposal from Green Century Equity Fund requesting Board to adopt independently verified short- and medium-term science-based greenhouse gas emissions reduction targets, inclusive of emissions from its full value chain, in order to achieve net-zero emissions by 2050 in line with the Paris Agreement?s goal of limiting global temperature rise to 1.5 degrees Celsius. In addition, the board has recommended shareholders to vote against this proposal at the 2024 Annual Meeting to be held on May 3, 2024.