Corning Incorporated · NYSE:GLW
Corning — ESG Presentation (May 2023)
45 slides from Corning's sustainability presentation, May 2023
Slide 1: Corning Scope 3 Emission Program – Setting a Science Based Target
Corning Scope 3 Emission Program – Setting a Science Based Target
Slide 2: Information security
Information security This presentation contains Corning information and is intended solely for those with a need to know. It may not be distributed, in whole or part, in any form by any means, or by any person or organization without authorization from Corning Incorporated.
Slide 3: Speakers
Setting a Science Based Target Speakers Susan McNichols Angie Xiong Adeola Adeusi Project Consultant WSP, Project Director WSP, Project Manager, Sustainability Energy and Sustainability Energy and Global Supply Climate Change Climate Change Management Corning Inc. 3 General - Corning (L4)
Slide 4: Planned Training Webinars
Planned Training Webinars Training Topic Webinar Date Scopes 1&2 Accounting Training Complete Scope 3 Accounting Training Complete Setting a Science Based Target Training May 18th Renewable Energy Target and Procurement Training May 25th Product Carbon Footprint Training June 1st Suppliers that are
Slide 5: Agenda
Setting a Science Based Target Agenda Webinar Objectives Corning Overview and Supplier Expectations Science Based Targets and SBTi Overview Emissions Reduction Levers to Achieve an SBT and Achievement Roadmaps Reporting Targets through CDP Next Steps Resources General - Corning (L4)
Slide 6: Webinar Objectives
Webinar Objectives CORNING
Slide 7: Webinar Objectives
Webinar Objectives – Understand what a science-based target is – Understand the SBTi requirements and goal setting timeline – Understand resources available to proceed in setting a science-based target approved by the SBTi – Understand how to enter target information into CDP 7 General - Corning (L4
Slide 8: Corning Scope 3 Emission Program
Corning Scope 3 Emission Program Adeola Adeusi
Slide 9: Our Approach To Sustainability
Our Approach To Sustainability At Corning, we take a long-term approach to sustainability, “Quite simply, we’ve succeeded over the as we address key challenges of the moment and evolve to meet the needs of the future. long term by always working to become We think about our contributions in two cate
Slide 10: 2023 Corning Sustainability Goals
2023 Corning Sustainability Goals Reduce our absolute Scope 1 and 2 New! By the end of 2023, Corning will be generating greenhouse gas (GHG) emissions 30% by 2028 monthly, accurate, and comprehensive landfill from a 2021 base year waste and diverted waste data for our top 10 waste-generating sites R
Slide 11: Greenhouse Gas (GHG) Emissions Reduction Goals
Greenhouse Gas (GHG) Emissions Reduction Goals In 2022, Corning submitted targets for validation to the Science Based Targets initiative (SBTi), underscoring our commitment to set near-term company-wide emission reductions in line with Climate science, and aligning with the goals of the Paris Agreem
Slide 12: Climate Change is part of GSM's sustainability strategy
Climate Change is part of GSM's sustainability strategy Our management of Sustainable Supply Chain Supply Chain Sustainability Strategy Working with our suppliers globally, with a focus on Corporate Social Responsibility (CSR) and Climate Change Issues reduces our supply disruption risk and exposure
Slide 13: 2023 supplier engagement goals defined and set for deployment
2023 supplier engagement goals defined and set for deployment Program Active Engagement Emission Reduction Plan Deployment Communicate supplier Develop and implement engagement program to the Actively engage and train emission reduction suppliers that contribute the suppliers that contribute plans w
Slide 14: 2023 Supplier Activities for Scope 3 Emission
1 2023 Supplier Activities for Scope 3 Emission 1 Register/ Sign up for CDP If you company did not disclosure through CDP in 2022, please register your account. 2 Attend Trainings GHG emission topics hosted by 2 Corning/WSP 3 Calculate Emission data 3 Disclose scope 1, 2 and 3 greenhouse gas (GHG) e
Slide 15: Partnership is Critical
Partnership is Critical Collaboration with suppliers will be key to enabling Corning to achieve our Scope 3 emissions reduction goal. Working with Suppliers to Reduce Upstream Emissions • Corning will be rolling out our formal supplier engagement program in 2023 to reduce upstream emissions from sup
Slide 16: Corning Scope 3 Supplier Expectations
Corning Scope 3 Supplier Expectations Suppliers engaged starting in 2023 are expected to adhere to these requirements by 2026: 1. Disclose scope 1, 2 and 3 greenhouse gas (GHG) emissions data through CDP Supply Chain 2. Provide independent or third-party assurance of disclosed emissions 3. Adopt a s
Slide 17: Science Based Targets and SBTi Overview
Science Based Targets and SBTi Overview 17
Slide 18: Poll the Audience
Poll the Audience Setting a Science Based Target Does your company have a GHG reduction target? If yes, is it science-based or have you considered setting a science-based target? • Please type your answer into the chat box General - Corning (L4)
Slide 19: The Science Based Targets initiative
The Science Based Targets initiative The Science Based Targets initiative (SBTi) strives A consortium of 4 to use the most up-to-date science to help global NGOs: companies align their business strategies with the goals of the Paris Agreement. 2015 2016 2017 2018 2019 2020 2021 May 2023 April: 56 12
Slide 20: What is a Science-Based Target
What is a Science-Based Target Science-based targets (SBTs) shift the focus of corporate GHG reduction targets from doing good to doing enough. Previously, target setting was a bottom-up exercise to determine what was feasible, using that as the basis for the target SBTs use a top-down approach, set
Slide 21: Operational Boundary: Scopes 1, 2 & 3
Operational Boundary: Scopes 1 , 2 & 3 GHG emissions are organized into categories, or “scopes”: • Scope 1: direct emissions from fuel combustion and refrigerant leakage from company facilities and vehicles • Scope 2: indirect emissions from the purchase of electricity, steam, heat, and cooling • Sc
Slide 22: SBTi Near-Term Target Criteria
SBTi Near-Term Target Criteria • Must cover a minimum of 5 years and maximum of 10 years from the date the target 1 Time Frame • was submitted for validation. For 1H 2023 submittal, end date must be between 2027 and 2032 inclusive and 2028 and 2033 inclusive for 2H 2023. Base year must be no earlier
Slide 23: SBTi Net Zero Target Criteria
SBTi Net Zero Target Criteria 1 • Target year can be no later than 2050 Time Frame • Base year should be the same as for the near-term target • Scopes 1 & 2: 95% coverage 2 Boundary • Scope 3: 90% coverage. Exclusions in the GHG Inventory and target boundary must not exceed 10% of total scope 3 emis
Slide 24: Time Frame: Base Year and Target Year Considerations
Time Frame: Base Year and Target Year Considerations The base year is the start point for emissions reductions The target year is the end point for emissions reductions Base Year Target Year • Tradeoff between the quality of base year • A shorter-term goal provides more certainty with respect invent
Slide 25: Boundary Considerations
Boundary Considerations Boundary: What Should be Included? Scope 1 & 2 § In practice, most companies include all scope 1 & 2 emissions § Exclusions typically occur in unique cases such as a sensitive business acquisition, low transparency and confidence with data for a certain emissions category, or
Slide 26: Method Considerations
Method Considerations Methods: Pros and Cons of Target-Setting Methods Target Type Pros Cons Does not allow for comparison of GHG intensity among peers Designed to reduce absolute quantity of emissions Does not communicate impact of efficiency improvements (reductions may Easy to communicate
Slide 27: Sample SBTi Setting Timeline Approval Summary
Sample SBTi Setting Timeline Approval Summary SBTi Commitment Letter Submitted Submit SBTi Application Gather data, set pathway, internal approvals SBT Approval (will depend on the waiting list) Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Year 1 Year 2 Year 3
Slide 28: SBT Considerations for SBTi Approval Summary
SBT Considerations for SBTi Approval Summary Target year should be 5-10 years from public enouncement o Companies are also encouraged to develop long-term targets (e.g., through 2050) Boundaries should align with those of the company’s GHG inventory SBTs should cover at least 95% of company-wide
Slide 29: Emissions Reduction Levers to Achieve a SBT and SBT Achievement Roadmaps
Emissions Reduction Levers to Achieve a SBT and SBT Achievement Roadmaps Susan 29
Slide 30: Poll the Audience
Poll the Audience Setting a Science Based Target Does your company have a GHG emissions reduction roadmap? • Please type your answer into the chat box General - Corning (L4)
Slide 31: Emissions Reduction Levers to achieve an SBT
Emissions Reduction Levers to achieve an SBT Facility • Results in reductions of scope 1 and 2 emissions Energy Efficiency • Powerful, cost-effective tool for achieving GHG reductions On-Site • Results in reductions of scope 2 emissions Renewable • Provides direct GHG reductions, reputational benefi
Slide 32: Creating a Roadmap for Target Achievement
SBT Roadmap Creating a Roadmap for Target Achievement ● Identify key levers and projects to reduce GHG emissions ● Estimate project impact ○ GHG emissions reductions ○ Energy reductions ○ Worker safety improvements ○ Other project benefits ● Estimate financial implications ○ Capital costs ○ Savings
Slide 33: Illustrative SBT Roadmap – Scope 1 and 2 Planning for Target Achievement
Illustrative SBT Roadmap – Scope 1 and 2 Planning for Target Achievement 250,000 200,000 Energy efficiency GHG Emissions (1,000 tCO2e) Process efficiency 150,000 Equipment upgrades 100,000 Renewable energy 50,000 Illustrative Electrification 0 2010201120122013201420152016201720182019202020
Slide 34: Illustrative SBT Roadmap – Scope 3 Planning for Target Achievement
Illustrative SBT Roadmap – Scope 3 Planning for Target Achievement 6,000,000 Supplier GHG Reduction 5,000,000 Targets GHG Emissions (tCO2e) 4,000,000 Reduction of Fuel and 3,000,000 Energy Related Emissions 2,000,000 Product Innovation 1,000,000 Illustrative Supplier Innovation - Reduction
Slide 35: Reporting Targets Through CDP
Reporting Targets Through CDP 35
Slide 36: Reporting GHG Targets: C4.1
Reporting Targets through CDP Reporting GHG Targets: C4.1 ● What you select here will determine which questions appear next ● You have an “active target” if the target ends in or after the reporting year and the target is to reduce absolute emissions or emissions intensity ● What you select here det
Slide 37: Reporting GHG Targets: C4.1a, Absolute Targets
Reporting Targets through CDP Reporting GHG Targets: C4.1a, Absolute Targets ● Complete ALL fields - do not leave any fields blank Example Target We commit to reducing our Scope 1 and 2 GHG emissions by 30% from 2015 to 2030 (C4.1a) Provide details of your absolute emissions target(s) and progress m
Slide 38: Reporting GHG Targets: C4.1a, Absolute Targets
Reporting Targets through CDP Reporting GHG Targets: C4.1a, Absolute Targets ● Complete ALL fields - do not leave any fields blank Example Target We commit to reducing our Scope 1 and 2 GHG emissions by 30% from 2015 to 2030 (C4.1a) Provide details of your absolute emissions target(s) and progress m
Slide 39: Reporting GHG Targets: C4.1a, Absolute Targets
Reporting Targets through CDP Reporting GHG Targets: C4.1a, Absolute Targets ● Complete ALL fields - do not leave any fields blank Example Target We commit to reducing our Scope 1 and 2 GHG emissions by 30% from 2015 to 2030 (C4.1a) Provide details of your absolute emissions target(s) and progress m
Slide 40: Next Steps and Resources
Next Steps and Resources a Vay * ~—y a. CORNING —'" 2
Slide 41: Data & Information Needs and Next Steps
Data & Information Needs and Next Steps •Provide business growth projections (annual revenue, sq ft) and/or growth rate through Data Needs 2050 or best available •Total scope 1, 2 and 3 Emissions •Determine internal stakeholders required for target approval •Data / target modeling review Next
Slide 42: Next Steps
Setting a Science Based Targets Next Steps 1. Look forward to the upcoming Renewable Energy Target and Procurement Training on May 25th 2. Socialize new expectations of Corning suppliers 1. Adopt a science-based (SBTi-approved) emissions reduction target • We ask that your target be approved by the
Slide 43: Target Setting Resources and Tools
Target Setting Resources and Tools ● CDP Guidance: ○ Note on science-based targets ● Science Based Targets Initiative: • Overview: Science Based Targets Website • SBTi Corporate Manual • SBTi Resources (including Validation Protocol, Tool and Submission Form) • SBTi Net Zero Standard ● World Resourc
Slide 44: Thank you for your continued support
Thank you for your continued support contact us at gsmsustainability@corning.com
Slide 45: Questions
Questions CORNING