Climate Change Data

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