Universal Display Corporation
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:3,085 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:646 tCO2e/year (Ewing, NJ)
Scope 2 Emissions:2,439 tCO2e/year (Ewing, NJ)
Renewable Energy Share:0% (Ewing, NJ); 100% offset via RECs (Adesis, New Castle, DE)
Total Energy Consumption:11.3 million kWh/year (Ewing, NJ)
Water Consumption:1.3 million gallons/year (Ewing, NJ)
Waste Generated:22 tons hazardous waste/year (Ewing, NJ); 299 tons non-hazardous waste/year (Ewing, NJ)
ESG Focus Areas
- Energy Efficiency
- Diversity & Inclusion
- Community Outreach
- Supply Chain Responsibility
- Environmental, Health & Safety
- Climate Change
Environmental Achievements
- Estimated savings of more than 860,000 metric tons of carbon dioxide equivalent per year through phosphorescent technology in OLED smartphones.
- Implemented a composting program for food waste and compostable materials in the company cafeteria.
- Investments in energy-efficient equipment and building monitoring systems at Ewing, NJ HQ, including occupancy-based controls for HVAC and lighting.
- Provided 10 EV charging stations at Ewing, NJ HQ.
Social Achievements
- Opened an on-site complimentary cafeteria and barista bar for employees.
- Established a Continuous Improvement focus group based on employee feedback from a 2021 engagement survey.
- Sponsored scholarships for various educational initiatives, including MARM (American Chemical Society), Rutgers University's Global Entrepreneurship Experience Teen Camp, and Mercer County Community College's student-athletic scholarships.
- Offered a $2,000 professional development stipend per employee.
Governance Achievements
- Maintained ISO 9001, ISO 14001, and ISO 45001 certifications.
- Annual Code of Conduct training for all employees.
- Employee Reporting (Whistleblower) Program in place.
- Board of Directors with 38% female representation.
Climate Goals & Targets
Long-term Goals:
- Minimize carbon footprint through energy-efficient equipment and product development.
Medium-term Goals:
- Increase energy and water efficiency in operations and supply chain.
Short-term Goals:
- Establish time-bound reduction goals and action plans to minimize GHG emissions.
Environmental Challenges
- Quantifying GHG emissions across growing operations.
- Managing water usage efficiently.
- Minimizing waste generation and toxicity.
Mitigation Strategies
- Initiated GHG emission quantification process.
- Implemented water conservation efforts and baselines for reduction goals.
- Implemented a Waste Management and Minimization Program to reduce waste generation, toxicity, and environmental impacts of disposal.
Supply Chain Management
Responsible Procurement
- Global Supplier Code of Conduct
- Conflict Minerals Policy
- Collaboration with PPG (EcoVadis Gold Rating)
Climate-Related Risks & Opportunities
Opportunities
- Development of more energy-efficient products.
Reporting Standards
Frameworks Used: SASB Standard for the Technology and Communications Sector: Semiconductor Industry
Certifications: ISO 9001, ISO 14001, ISO 45001
Sustainable Products & Innovation
- Energy-efficient UniversalPHOLED materials.
Awards & Recognition
- 2022 Champion of Board Diversity (Forum of Executive Women)
- EcoVadis Silver Sustainability Rating (2022)
- Newsweek’s America’s Most Responsible Companies 2023
- Bloomberg’s 50 Companies to Watch in 2023
- Forbes’ America’s Best Mid-Size Companies 2022