Edwards Group plc;
Voluntarily using CDP to raise investment and achieve strategic environmental goals

 
CDP is a perfect fit for Edwards. We have a global customer base and CDP provides the world’s only global environmental disclosure platform. Other reporting platforms or industry indexes are local or are narrow in scope.

We did not think we could achieve our goal of being an environmental leader if we did not use CDP to help manage and reduce our impacts on the environment.

Sara Fry,
Senior Manager - Safety and Sustainability,
Edwards Group plc

 

Edwards is a leading manufacturer of vacuum and abatement solutions for industries including semiconductors, solar equipment, LEDs and scientific instruments. Edwards customers include many large electronics companies who are CDP participants. Here, Sara Fry, Senior Manager – Safety and Sustainability explains how Edwards is successfully using CDP to improve its environmental performance.

Q. Describe your engagement with CDP

A. Edwards discloses through CDP’s climate change program on a voluntary basis because it supports the company’s need to report global emissions, inform key stakeholders and achieve a leadership position in environmental management.

Edwards and CDP

Which CDP programs do you take part in?
CDP’s climate change

2013 disclosure score: 99
2013 performance band: B
How many years using CDP? 4

Q. How has working through the CDP process helped Edwards to make strategic changes?

A. Completing CDP’s climate change questionnaire helps us to understand what the correct standards are. For example, we have not had our climate data verified in the past but we know it is the way forward. Being part of CDP has highlighted the business imperative for good quality data. Investing in reporting software will enable us to achieve high-quality data that will help to clearly communicate the business case for emissions management and the associated cost saving to management. We can then get the data verified externally. We are starting with the UK for our CDP 2013 report, before expanding to our other operations globally. CDP helps with the justification and business case for this investment.

We are a member of CDP’s reporter services, which is a cost-effective way of maximizing the value of our reporting efforts. Our dedicated account manager answers our queries, provides tailored assistance and keeps us informed of changes to the questionnaire. Membership also gives us access to practical webinars and our CDP climate disclosure and climate performance scores, which voluntary disclosing companies do not usually receive. Members’ networking events have proved very helpful. When investigating reporting software, I could talk to other members that have been through the same journey and learn from their experiences. Even if people are in a completely different industry, it is so useful to talk to them, you go through the same process and have to solve the same issues.

Q. What goals is Edwards working toward and how did you establish what they would be?

A. Accounting for our greenhouse gas emissions has enabled us to understand which part of the organization has the biggest carbon impact. This points us to where we should focus our efforts and helps to define our green goals.

We were able to identify that, like most companies, our Scope 3 emissions accounted for the majority of our emissions. Reducing our carbon emissions is a priority for Edwards so we analyze our own carbon footprint as well as product use. Producing products with better energy efficiency has a big impact. We also have abatement products as part of our product portfolio. These products help us to achieve our reduction goals by acting as a carbon sink by allowing for the removal of dangerous greenhouse gases with very high Global Warming Potentials (GWP) used in our customers’ manufacturing processes.

Q. You are listed on the US NASDAQ, which is an index that CDP does not currently send its environmental questionnaires to; why did you choose to voluntarily disclose your climate change impacts through CDP?

A. CDP is a perfect fit for Edwards. We have a global customer base and CDP provides the world’s only global environmental disclosure platform. Other reporting platforms or industry indexes are local or are narrow in scope. We did not think we could achieve our goal of being an environmental leader if we did not use CDP to help manage and reduce our impacts on the environment.

Many of our customers report through CDP. Being able to produce our completed CDP questionnaire or our CDP climate performance or disclosure scores allows us to communicate our strategies, progress and commitment to our clients in a transparent, easy-to-understand and meaningful way. It also demonstrates that we are have common strategic objectives and can help to identify potential areas of collaboration.

 
 
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