Corning Incorporated · NYSE:GLW
Corning — ESG Presentation (2023)
44 slides from Corning's sustainability presentation, 2023
Slide 1: Corning Scope 3 Emission Program
Corning Scope 3 Emission Program
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
GHG 101: Scope 1 and 2 Speakers Susan McNichols Ojas Satham Adeola Adeusi Project Consultant WSP, Associate Consultant 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 May 4th Scope 3 Accounting Training May 11th Setting a Science Based Target Training May 18th Renewable Energy Target and Procurement Training May 25th Product Carbon Footprint Training May 26th Suppliers that are r
Slide 5: Agenda
Scope 1 and 2 GHG Accounting Agenda Webinar Objectives Corning Overview and Supplier Expectations Introduction to Greenhouse Gases GHG Inventory Overview GHG Calculation and CDP Reporting Next Steps and Resources 5 General - Corning (L4)
Slide 6: Webinar Objectives
Webinar Objectives – Understand Corning’s updated supplier expectations – Understand the process to develop a robust greenhouse gas inventory – Understand how to calculate and report your organization’s Scope 1 and 2 emissions through CDP 6 General - Corning (L4)
Slide 7: Corning Scope 3 Emission Program
Corning Scope 3 Emission Program Adeola Adeusi
Slide 8: 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 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 15: 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 16: Introduction to Greenhouse Gases
Introduction to Greenhouse Gases Susan McNichols 16
Slide 17: What are Greenhouse gases?
What are Greenhouse gases? • Greenhouse gases trap heat from the sun and warm the planet's surface • Primary anthropogenic sources of GHG emissions are the burning of fossil fuels for electricity, heat and transportation – sources include combustion of gasoline & diesel for transportation, physical
Slide 18: 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 19: GHG Inventory Overview
GHG Inventory Overview Susan McNichols 19
Slide 20: Poll the Audience
Poll the Audience GHG Accounting 101: Scope 1 and 2 Has your company calculated Scope 1 and 2 GHG emissions before? • Please type your answer into the chat box General - Corning (L4)
Slide 21: GHG Inventory Steps
GHG Inventory Steps 1. Scope 2. Collect 3. Review and 4. Finalize 5. Target and Plan Data Estimate Data and Report Setting ● Review GHG accounting ● Identify data ● Review facility-level ● Finalize data standards and methods requirements and data and resolve for company reporting preferred methods f
Slide 22: Sources of GHG Emissions by Scope
Sources of GHG Emissions by Scope Scope 1 Scope 2 Scope 3 – Upstream Scope 3 – Downstream ● Fuels used in operations ● Purchased utilities ● Purchased goods and ● Downstream transportation ● Natural gas ● Electricity services and distribution ● Fuel oil ● Steam / heat ● Capital goods ● Processing of
Slide 23: Data Requirements for GHG Inventory
Data Requirements for GHG Inventory In order to calculate greenhouse gas emissions, you will need to collect company data and then use the appropriate emission factors to get total emissions. Metered activity data (primary data) • Utility bills • Fuel and chemical purchases • Mileage reports • Suppl
Slide 24: Calculating GHG Emissions
Calculating GHG Emissions GHG emissions are measured in mass of carbon dioxide equivalents (CO 2e) Emission Factors: Global Warming Potentials (GWPs): Electricity Compares amount of heat trapped by a given mass of a GHG to amount of heat • eGRID2020 (US EPA) trapped by similar mass of CO2 • Internat
Slide 25: GHG Emissions Calculation Resources and Tools
GHG Emissions Calculation Resources and Tools Calculating GHG emissions is a multi-step process; many tools can help to develop your GHG inventory. GHG Protocol standards and guidance • Guidance to companies preparing a corporate GHG emissions inventory • Corporate Accounting and Reporting Standard
Slide 26: GHG Calculation and CDP Reporting
GHG Calculation and CDP Reporting Ojas Adhir 26
Slide 27: Poll the Audience
Poll the Audience GHG Accounting 101: Scope 1 and 2 Has your company reported Scope 1 and 2 emissions through CDP before? • Please type your answer into the chat box General - Corning (L4)
Slide 28: Target Questions: Greenhouse Gas Emissions Data & Energy Usage
Target Questions: Greenhouse Gas Emissions Data & Energy Usage 2022 MODULES C0 Introduction Scope 1 – Greenhouse gases that C1 Governance your company emits (C6.1)* Company Company Facilities Vehicles C2 Risks and opportunities C3 Business strategy C4 Targets and performance C5 Emissions methodology
Slide 29: Calculate GHG Emissions – Scope 1 (C6.1)
Calculate GHG Emissions – Scope 1 (C6.1) Example: An organization purchased 10,000 million mmBTU of natural gas in the reporting year. Emissions calculations for the fuel use are as follows: Apply GWP to Sum Calculate Emissions convert to CO2e 10000 mmBTU x 0.05306 530.6 mtCO2 x 1 = 530.6 530.6 + 0.
Slide 30: Target Questions: Greenhouse Gas Emissions Data & Energy Usage
Target Questions: Greenhouse Gas Emissions Data & Energy Usage 2022 MODULES C0 Introduction Scope 1 – Greenhouse gases that C1 Governance your company emits (C6.1) Company Company Facilities Vehicles C2 Risks and opportunities C3 Business strategy C4 Targets and performance C5 Emissions methodology
Slide 31: Calculate GHG Emissions – Scope 2 Location Based (C6.3)
Calculate GHG Emissions – Scope 2 – Location Based (C6.3)) Example: An organization with facilities in Mexico purchased 500,000 MWh of electricity in the reporting year. Emissions calculations for the electricity purchases are as follows: Apply GWP to Sum Calculate Emissions convert to CO2e 500000 M
Slide 32: Calculate GHG Emissions – Scope 2 Market Based (C6.3)
Calculate GHG Emissions – Scope 2 – Market Based (C6.3) Example: An organization with facilities in Mexico purchased 500,000 MWh of electricity in the reporting year. However, they purchase RECs for half their energy use. Emissions calculations for the electricity purchases are as follows: Apply GWP
Slide 33: Target Questions: Greenhouse Gas Emissions Data & Energy Usage
Target Questions: Greenhouse Gas Emissions Data & Energy Usage 2022 MODULES C0 Introduction Scope 1 – Greenhouse gases that C1 Governance your company emits (C6.1) Company Company Facilities Vehicles C2 Risks and opportunities C3 Business strategy C4 Targets and performance C5 Emissions methodology
Slide 34: Calculating GHG Intensity C6.10
Calculating GHG Intensity C6.10 Many organizations look at their GHG intensity to see their carbon intensity by revenue. To calculate GHG intensity, divide the sum of scope 1 & 2 emissions by total revenue. It is important to report the intensity in units of revenue in the currency reported. You sho
Slide 35: Calculating total energy use – 8.2a
Calculating total energy use – 8.2a 2022 MODULES Question C8.2a asks you to report the amount of each source of energy used in the C0 Introduction reporting year. There are four rows: C1 Governance 1. Row 1 is for consumption of fuel (excluding feedstock) C2 Risks and opportunities 2. Row 2 is for c
Slide 36: Verification C10
Verification C10 Calculate Scope 1, 2 & 3 Calculating GHG Emissions emissions Engage Auditing Services Identify a verification provider Improve inventory data quality Publish results & accuracy It is important to verify your greenhouse gas emissions data and other critical key environmental metrics.
Slide 37: Calculating SC1.1 – Allocating Emissions
Calculating SC1.1 – Allocating Emissions Example: An organization has a total scope 1 emissions of 300 mt CO2e & scope 2 emissions 2400 mt CO2e Corning purchases $5 million from an organization whose total revenue is $30 million dollars Allocated Scope 1 Emissions = 5,000,000/30,000,000 X 300 mt CO2
Slide 38: Allocating Emissions by Revenue for SC1.1
Allocating Emissions by Revenue for SC1.1 Step 1: Select Corning from dropdown. Step 2: Choose which scope of emissions you are reporting. Please provide emissions for each scope on separate rows. So if you only report scope 1 & 2, you should have two rows. Step 3: Select Allocation level Note: if a
Slide 39: Allocating Emissions by Revenue for SC1.1
Allocating Emissions by Revenue for SC1.1 Step 6: Provide the sources of emissions for which you have provided an emissions figure. For example, emissions from machinery used in production (scope 1). Step 7:Was this allocation verified by an independent third-party organization? Step 8: Select the A
Slide 40: Next Steps and Resources
Next Steps and Resources a Vay * ~—y a. CORNING —'" 2
Slide 41: Next Steps
GHG 101: Scopes 1 & 2 Next Steps 1. Look forward to the upcoming GHG 101: Scope 3 Training on May 11th 2. Socialize new expectations of Corning suppliers 1. Disclose scope 1, 2 and 3 greenhouse gas (GHG) emissions data through CDP Supply Chain. • We ask if you already have calculated emissions for 2
Slide 42: GHG Emissions Calculation Resources and Tools
GHG Emissions Calculation Resources and Tools Calculating GHG emissions is a multi-step process; many tools can help to develop your GHG inventory. GHG Protocol standards and guidance • Guidance to companies preparing a corporate GHG emissions inventory • Corporate Accounting and Reporting Standard
Slide 43: Thank you for your continued support
Thank you for your continued support contact us at gsmsustainability@corning.com
Slide 44: Questions
Questions CORNING