Babcock & Wilcox
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Energy Consumption:19,258 MWh
Water Consumption:4.98 Mgal
Waste Generated:735.45 tons (non-hazardous), 80.5 tons (hazardous)
ESG Focus Areas
- Clean Energy
- Decarbonization
- Renewable Energy
- Carbon Capture
- Hydrogen Production
- Health, Safety & Human Rights
- Diversity, Equity & Inclusion
- Responsible Business Practices
- Supply Chain Responsibility
- Quality Assurance
Environmental Achievements
- Planted 4,171 trees.
- Achieved 200 consecutive days without a recordable injury at Monterrey, Mexico facility.
- PT Babcock & Wilcox Asia achieved 1 million hours worked without lost-time accident at an Indonesian power plant.
- Diamond Power Services S.E.A. Ltd. subsidiary in Thailand recognized for high environmental, social, and governance standards by a customer.
Social Achievements
- 80% employee satisfaction with the statement "I could see myself working at B&W 5 years from now."
- 68% employee satisfaction with the statement "I am proud to work for B&W."
- B&W employees in Italy recognized for focused training and promoting good health and nutrition in the workplace.
- Women represent approximately 30% of B&W leadership.
- Active Women's Employee Resource Group.
Governance Achievements
- 72% of B&W Integrity Line reports are filed non-anonymously, suggesting employee trust in the investigation process.
- Annual training and certification for all employees on B&W's Code of Business Conduct.
- Local Ethics Ambassadors assigned to locations outside the U.S. with five or more employees.
Climate Goals & Targets
Medium-term Goals:
- BrightLoop hydrogen production: $1 billion in bookings by 2030.
Environmental Challenges
- Supply chain issues, including shortages of adequate components.
- Failure to properly estimate customer demand.
- Risks associated with contractual pricing in the industry.
- Disruptions at manufacturing facilities.
Mitigation Strategies
- Due diligence on third parties to ensure ethical standards and compliance.
- Robust quality management system including third-party certifications.
- Target Zero quality initiative.
- Continuous monitoring of quality objectives and key performance indicators.
Supply Chain Management
Responsible Procurement
- Due diligence on third parties to ensure ethical standards and compliance.
- Commitment to complying with SEC disclosure requirements regarding Conflict Minerals.
Climate-Related Risks & Opportunities
Opportunities
- Development and commercialization of BrightLoop and ClimateBright technologies.
Reporting Standards
Frameworks Used: UN Global Compact, Sustainability Accounting Standards Board (SASB) framework for Construction and Engineering Services
Certifications: ASME, National Board, ISO 9001, ISO 14001, ISO 45001
Sustainable Products & Innovation
- ClimateBright carbon capture technologies
- BrightLoop hydrogen production technology