EVAPCO Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:5,877.70 mt CO2e + 13,728.36 mt CO2e + 700.39 mt CO2e = 20206.45 mtCO2e
Scope 1 Emissions:5,877.70 mt CO2e
Scope 2 Emissions:13,728.36 mt CO2e
Scope 3 Emissions:700.39 mt CO2e
Total Energy Consumption:960 MWh (renewable) + 8,965 MWh (total)
Water Consumption:73.36 megalitres
ESG Focus Areas
- Environmental Stewardship
- Employee Well-being
- Community Investment
Environmental Achievements
- Installed solar panel arrays in Madera, Jiaxing, and Meerbusch with the capacity to generate 960 MWh annually
- Reduced steel scrap by incorporating improved manufacturing processes
- Incorporated a low VOC adhesive for PVC gluing operations
- Incorporated water bottle fill-up stations, installed water-less urinals, and installed eco-Air Adiabatic Cooler for water savings
Social Achievements
- Implemented an Employee Stock Ownership Plan (ESOP) and a profit-sharing program
- Established a robust occupational health and safety program with comprehensive training
- Offered a comprehensive benefits package including health insurance, vision, dental, and employee assistance programs
Governance Achievements
- Implemented compliance training regarding the UK Bribery Act and the US Foreign Corrupt Practices Act
- Board considers ESG impacts in all facets of its decisions
- Established a “Culture of ESG Responsibility”
Climate Goals & Targets
Long-term Goals:
- Net Zero greenhouse gas emissions by 2050
Environmental Challenges
- Reducing Greenhouse Gas (GHG) Emissions
- Reducing potable water consumption
- Reducing scrap and waste
Mitigation Strategies
- Completed GHG inventory to establish baseline emissions
- Incorporated in-house nitrogen generators and bulk weld gas supplies
- Incorporated improved PVC manufacturing practices and use of reusable steel pallets
Supply Chain Management
Responsible Procurement
- Sustainable purchasing policy (e.g., eliminating mercury switches, requiring recycled content)
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products and systems
Reporting Standards
Frameworks Used: GRI, SASB
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
Through initiatives such as renewable energy integration, energy-efficient products, and water conservation efforts.
Sustainable Products & Innovation
- AT Atlas Cooling Towers
- eco-Air Series Coolers and Condensers
- Pulse~Pure® water treatment system
- Evapcold ammonia refrigeration system