Climate Change Data

Environmental Metrics

ESG Focus Areas

• Product Quality and Patient Safety
• Diversity and Inclusion
• Environmental Sustainability
• Ethical Business Practices
• Supply Chain Management
• Myopia Management

Environmental Achievements

• Achieved LEED® Silver certification of global manufacturing facility in Puerto Rico
• Sourced 100% renewable electricity in all key facilities in New York and the United Kingdom
• Introduced clariti® 1 day as the first net plastic neutral contact lens in the U.S.

Social Achievements

• Implemented health and safety programs for workforce during COVID-19, providing full pay and benefits to 100% of employees with zero involuntary reductions
• Established a Global Inclusion Council comprised of senior leaders to advance diversity and inclusion
• Achieved Certification as a Great Place to Work in the U.S. (for the third consecutive year) and recognition as one of the Top 10 Best Large Workplaces in Manufacturing and Production in the U.S.
• Launched MiSight® 1 day contact lens in the U.S.
• Expanded Biofinity brand offering to include Biofinity® toric multifocal contact lenses globally

Governance Achievements

• Updated Code of Conduct
• Conducted a formal materiality assessment to identify critical ESG priorities
• Created an executive ESG Steering committee

Climate Goals & Targets

Environmental Challenges

• Increased GHG emissions in 2020 due to external factors affecting CVI Puerto Rico (earthquake and reliance on higher emission electricity sources)
• COVID-19 pandemic impact on operations and supply chain

Mitigation Strategies

• Implementing a two-pronged energy resiliency program for CVI Puerto Rico (CHP plant and microgrid)
• Conducting a feasibility analysis for renewable energy options at CVI Puerto Rico
• Conducting a more comprehensive feasibility analysis at other global facilities to evaluate renewable energy sourcing options and energy efficiency opportunities
• Enhanced safety measures, remote work, and support for employees during COVID-19

Supply Chain Management

Supplier Audits: 94% of CooperVision's Tier 1 suppliers participate in third-party audit programs; CooperSurgical audits high-risk suppliers every three years on-site and medium-risk suppliers every three years remotely.

Responsible Procurement

• CooperVision Supplier Code of Conduct
• CooperSurgical Supplier Terms and Conditions
• FTI Comply for due diligence of high-risk suppliers
• Conflict minerals risk analysis

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: ISO 13485 (CVI and CSI), ISO 15189 (CSI genomics labs), LEED® (multiple facilities), BREEAM® (Southampton, UK)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3: Good Health and Well-being
• SDG 12: Responsible Consumption and Production
• SDG 17: Partnerships for the Goals

Our products and purpose link directly to these SDGs.

Sustainable Products & Innovation

• clariti® 1 day (net plastic neutral contact lens)

Awards & Recognition

• 2020 Popular Science “Best of What’s New Award” for MiSight® 1 day

Environmental Metrics

ESG Focus Areas

• People
• Planet
• Partnerships

Environmental Achievements

• Created the first net plastic-neutral contact lens, preventing the equivalent of nearly 28 million plastic bottles from polluting the ocean in its first year.
• Implementing a four-step circularity approach to engineer value into its entire plastic value chain.
• Shifting to an eco-friendly alternative in Australia and New Zealand for shipping IVF products using 100% discarded wool from sheep.

Social Achievements

• Launched CooperPride employee resource group.
• Earned a score of 100% on the Human Rights Campaign Foundation’s Corporate Equality Index 2022.
• Named one of Fortune Magazine’s 2021 Best Large Workplaces in Manufacturing & Production™ for the second year in a row.
• Became a corporate participant of the United Nations' Global Compact.
• 75% of surveyed employees are satisfied with their job at Cooper.
• 77% of surveyed employees strongly agree that people care about them at work.
• Women received 45% of promotions to Senior Manager/Director level and 49% of promotions to First Line Manager in 2021.
• Women accounted for more than half of all external hires, including 60% of Vice President and above hires.

Governance Achievements

• 50% board gender diversity.

Climate Goals & Targets

Environmental Challenges

• Ongoing COVID-19 pandemic and its impact on the global supply chain.

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: 94% of CooperVision’s tier one suppliers participate in third-party audit programs. CooperSurgical audits high-risk suppliers every three years on-site and medium-risk suppliers every three years remotely.

Responsible Procurement

• CooperVision Supplier Code of Conduct and CooperSurgical Supplier Terms and Conditions
• Compliance with conflict minerals requirements, supplier due diligence, and ongoing supply chain evaluation.

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes and other natural disasters

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Net plastic-neutral contact lens
• Eco-friendly wool shipping alternative

Awards & Recognition

• Fortune’s Top 10 Best Large Workplaces in Manufacturing and Production™
• Human Rights Campaign Foundation's Corporate Equality Index (100%)

Environmental Metrics

ESG Focus Areas

• People
• Planet
• Partnerships

Environmental Achievements

• Reduced greenhouse gas (GHG) emissions by more than seven percent (combined Scope 1 & 2 emissions)
• Created the world’s first net plastic-neutral contact lens with clariti® 1 day in the United States
• Expanded plastic neutrality program to 27 countries, preventing the equivalent of more than 100 million plastic bottles from entering the oceans
• 100% renewable electricity sourcing at all key facilities in New York and the United Kingdom
• 8 facilities LEED® or BREEAM® certified

Social Achievements

• Launched fourth Employee Resource Group focusing on Mind & Body Wellbeing
• Women represent approximately half (49%) of the global workforce
• Named one of Fortune magazine’s “2022 Best Large Workplaces in Manufacturing & Production” for the third year in a row
• $1.5M raised for Optometry Giving Sight, providing eye exams for more than 300,000 people
• Introduced Talkspace, a digital resource for mental health support in the United States
• Increased employee engagement score 25% in EMEA region between 2019 and 2022

Governance Achievements

• Score of 100% on the Human Rights Campaign Foundation’s “Best Places to Work for LGBTQ+ Equality Corporate Equality Index” in 2022
• 50% board gender diversity
• ESG overseen by the Corporate Governance and Nominating Committee of the Cooper Board of Directors

Climate Goals & Targets

Environmental Challenges

• Plastic waste from contact lens production and disposal
• Need to improve feedback and development opportunities for employees (based on Gallup survey)

Mitigation Strategies

• Multi-pronged strategy to rethink plastic use at every stage of production (design, source, recover, offset)
• Partnership with Plastic Bank to create net plastic-neutral contact lenses
• Partnership with Greentech Plastics Ltd to recycle plastic molds in the UK
• Recycling initiatives in Puerto Rico and Costa Rica
• Development of a prototype modular contact lens fitting set to reduce waste
• Mirai project in Japan to encourage consumer recycling of blister packs
• Initiated programs to address areas for improvement in employee feedback and development opportunities

Supply Chain Management

Supplier Audits: 94% of CVI’s Tier One suppliers participate in third-party audit programs; CSI audits high-risk suppliers every three years onsite and medium-risk suppliers remotely every three years.

Responsible Procurement

• CVI Supplier Code of Conduct
• CSI Supplier Terms and Conditions
• Conflict minerals compliance

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Certifications: ISO 13485 (CVI), ISO 15189 (CSI)

Sustainable Products & Innovation

• Lightweight contact lens blister packs using less plastic
• Net plastic-neutral contact lenses

Awards & Recognition

• Fortune magazine’s “2022 Best Large Workplaces in Manufacturing & Production”

Environmental Metrics

ESG Focus Areas

• People
• Planet
• Governance
• Diversity & Inclusion
• Sustainability

Environmental Achievements

• 100% renewable electricity sourcing at all CooperVision facilities in New York and the UK
• Eight facilities are LEED or BREEAM certified
• Reduced compressed air consumption by 20% for all six CooperVision contact lens manufacturing lines, saving 820,219 kWh
• CooperVision’s Distribution and Packaging Center in West Henrietta, New York, received its first Zero Waste Facility certification, diverting more than 90% of its waste from landfills
• Partnership with Plastic Bank to offset plastic used in products and support recycling communities

Social Achievements

• Included on the inaugural Global Top 100 Inspiring Workplaces list
• Achieved a perfect score of 100 on the Human Rights Campaign’s Corporate Equality Index
• More than 2,000 employees are members of employee resource groups (ERGs)
• 49% of management-level promotions were received by women; women accounted for nearly half of all external hires
• 81% of employees report high levels of loyalty to Cooper
• Launched Speak Up awareness campaign to encourage reporting of misconduct
• CooperVision provides free vision care for plastic collector communities in Bali in partnership with Plastic Bank
• CooperVision partners with Optometry Giving Sight and VisionAction to bring eye health screening services to Ghana

Governance Achievements

• 50% board gender diversity
• Corporate Governance and Nominating Committee oversees ESG strategy
• Executive leaders have annual performance metrics on employee engagement

Climate Goals & Targets

Environmental Challenges

• Slight increase in total GHG emissions due to increased production and new equipment
• Assessing Scope 3 GHG emissions is a complex process

Mitigation Strategies

• Strategic investments in energy efficiency and renewable energy sources
• Upgrading to more efficient production equipment
• Implementing Combined Heat and Power (CHP) system
• Developing a 2022 baseline for Scope 3 emissions for future tracking and reporting

Supply Chain Management

Supplier Audits: 91% of Tier I suppliers’ facilities participating in third-party audits

Responsible Procurement

• CVI Supplier Code of Conduct
• CSI Supplier Terms and Conditions
• Compliance with conflict minerals requirements

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Certifications: LEED, BREEAM, Zero Waste Facility (SCS Global Services)

Sustainable Products & Innovation

• Net plastic-neutral contact lenses

Awards & Recognition

• British Contact Lens Association Industry Award of the Year (2023)
• President’s Award from the Puerto Rico Manufacturers Association (CooperVision Puerto Rico)

Environmental Metrics

ESG Focus Areas

• Operational Environmental Performance
• Greenhouse Gas Emissions
• Plastics Management
• Employee Experience
• Product Quality, Safety & Design
• Code of Conduct

Climate Goals & Targets

Environmental Challenges

• Increased susceptibility to climate-related events at operational facilities around the world.

Mitigation Strategies

• Rigorous scenario planning based on critical ESG factors to preemptively address risks and bolster company resilience.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ESRS, GRI, SASB/ISSB

UN Sustainable Development Goals

• 7
• 12
• 13
• 3
• 8
• 14
• 16
• 17

The report lists several UN SDGs and targets aligned with CooperCompanies' efforts, but doesn't provide detailed explanations of how initiatives contribute to each goal.