Cubic Corporation
Climate Impact & Sustainability Data (2020, 2023)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:9,361 mTCO2(e)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:9,361 mTCO2(e)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0%
Total Energy Consumption:20,276 MWh
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Reduced by 17% in 2020
ESG Focus Areas
- Environment
- Social Capital
- Human Capital
- Supply Chain
- Corporate Governance
Environmental Achievements
- Reduced Scope 2 CO2 emissions by 18%
- Reduced CO2 intensity by 17%
- Reduced global footprint by 58,790 ft2
Social Achievements
- Repurposed manufacturing to produce 1 million face coverings to support COVID-19
- Launched Global Inclusion for a Diverse Workforce training course
- Donated over $1 Million USD to support over 100 local charitable organizations and community engagements
Governance Achievements
- Joined the United Nations Global Compact (UNGC)
- 44% female Board of Directors representation
- Improved incident rates by 10% (Total Recordable Incident Rate), 27% (Medical Only Incident Rate), and 15% (Lost Time Incident Rate)
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Reduce CO2 intensity by 45% by 2025
- Achieve best place to work status or equivalent around the globe by 2025
- Have locations contributing to community activities by 2025
- Achieve an employee engagement score of 85% by 2025
- Fully implement D&I action plan by 2025
- Achieve a best-in-class total recordable incident rate of 0.30 by 2025
- Reduce supplier active base to 1,000 or less by 2023
- Increase women in workforce to 30% by 2025
Short-term Goals:
- Reduce CO2 intensity by 25% from fiscal year 2020 baseline through fiscal year 2022-2025
Environmental Challenges
- COVID-19 pandemic and its impact on operations and communities
- Social justice issues
- Limited data on Scope 1 and 3 emissions and industrial water usage
Mitigation Strategies
- Established a COVID-19 Working Group and transitioned 75% of workforce to remote work
- Launched a new training course on Global Inclusion for a Diverse Workforce and a D&I toolkit
- Implemented a modified electronic assessment protocol for supplier audits due to COVID-19 restrictions
- Planning to reduce overall footprint by 20-30% by fiscal year 2025
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Third-Party Code of Conduct
- Supplier Qualification process
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SASB, UNGC
Certifications: ISO 14001, ISO 45001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- GATR inflatable satellite communications terminal
- Contactless payment options
- Game-Based Training solutions
Awards & Recognition
- San Diego Union Tribune Top Workplace 2020
- San Diego Business Journal’s Corporate & Social Responsibility Diversity, Equity & Inclusion 2020 Award
- 2021 Bronze Military Friendly Employer
- 2020 Women on Boards Winning ‘W’ Company
- 2020 Cigna Well-Being Award
- 2020 SD500 • Most Influential People in San Diego Leading Industries
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Climate Goals & Targets
Short-term Goals:
- Reduce CO2 intensity footprint by 25% by 2025