Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Reduced purchased electricity per $1000 of sales from 0.072 MWh in FY21 to 0.058 MWh in FY23
• Reduced natural gas per $1000 of sales from 0.024 MWh in FY21 to 0.018 MWh in FY23
• Reduced Scope 2 emissions per $1000 of sales from 0.033 MT CO2e in FY21 to 0.026 MT CO2e in FY23
• Reduced limited Scope 1 emissions per $1000 of sales from 0.0043 MT CO2e in FY21 to 0.0033 MT CO2e in FY23
• Reduced water usage per $1000 of sales from 124.9 gallons in FY21 to 106.5 gallons in FY23
• Four Woodward L’Orange facilities in Germany use 100% sustainable energy sources.
• Santa Clarita facility reduced water usage by approximately 2.2 million gallons in 2022 and 2023.

Social Achievements

• Implemented Human and Organizational Performance (HOP) at Rock Cut, IL facility, planning worldwide deployment by end of 2026.
• Launched “Find It / Fix It” program to improve safety.
• Formed Inclusion Council to advance Diversity, Inclusion & Belonging (DIBs).
• Provided nearly $1.5 million in grants through the Woodward Charitable Trust.
• Global total recordable incident rate (TRIR) of 1.68 in FY23 with zero fatalities.

Governance Achievements

• Included diversity and inclusion metric in short-term annual incentive plan for officers and senior leaders.
• Included safety strategic metric based on “Find It / Fix It” observations in short-term annual incentive plan for officers and senior leaders.
• Established a robust global ethics & compliance program including policies, training, and a confidential whistleblower hotline.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Global economic uncertainty
• Managing environmental responsibilities across global operations
• Hydrogen embrittlement in hydrogen compatible fuel systems

Mitigation Strategies

• Partnering with a third-party supply chain risk management resource
• Implementing HOP to improve safety and reduce incidents
• Continuous improvement discipline to mitigate risks
• Collaboration with industrial and aerospace OEMs, universities, and materials experts to address hydrogen embrittlement.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• Due diligence on conflict minerals

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Changes in global environmental regulations

Opportunities

• Increased demand for energy-efficient products
• Development of sustainable aviation fuels (SAF) and hydrogen compatible fuel systems

Reporting Standards

Frameworks Used: GRI, WBCSD GHG Protocol

Certifications: ISO 14001 (20 of 34 locations), ISO 50001 (4 locations in Germany)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• T901 Fuel System (reduced fuel consumption)
• Hydrogen compatible fuel systems
• Dual fuel injection systems

Awards & Recognition

• Forbes America’s Best-in-State Employers 2023 (Illinois)