Edwards Lifesciences : 2024 CDP Climate Change Response

Published: 2025-03-27 18:25:06 ET EW

Edwards Lifesciences Corp

2024 CDP Corporate Questionnaire 2024

Word version

Important: this export excludes unanswered questions

This document is an export of your organization's CDP questionnaire response. It contains all data points for questions that are answered or in progress. There may be questions or data points that you have been requested to provide, which are missing from this document because they are currently unanswered. Please note that it is your responsibility to verify that your questionnaire response is complete prior to submission. CDP will not be liable for any failure to do so.

Terms of disclosure for corporate questionnaire 2024 - CDP

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02/25/2025, 05:48 pm

Contents

C1. Introduction........................................................................................................................................................................ 7

(1.1) In which language are you submitting your response?.................................................................................................................................................................................. 7

(1.2) Select the currency used for all financial information disclosed throughout your response......................................................................................................................... 7

(1.3) Provide an overview and introduction to your organization........................................................................................................................................................................... 7

(1.4) State the end date of the year for which you are reporting data. For emissions data, indicate whether you will be providing emissions data for past reporting years...... 8

(1.5) Provide details on your reporting boundary................................................................................................................................................................................................... 8

(1.6) Does your organization have an ISIN code or another unique identifier (e.g., Ticker, CUSIP, etc.)?.............................................................................................................. 9

(1.7) Select the countries/areas in which you operate. ........................................................................................................................................................................................ 11

(1.24) Has your organization mapped its value chain? ........................................................................................................................................................................................ 12

(1.24.1) Have you mapped where in your direct operations or elsewhere in your value chain plastics are produced, commercialized, used, and/or disposed of? .................. 13

C2. Identification, assessment, and management of dependencies, impacts, risks, and opportunities ............................... 14

(2.1) How does your organization define short-, medium-, and long-term time horizons in relation to the identification, assessment, and management of your environmental

dependencies, impacts, risks, and opportunities? ................................................................................................................................................................................................ 14

(2.2) Does your organization have a process for identifying, assessing, and managing environmental dependencies and/or impacts? ........................................................... 15

(2.2.1) Does your organization have a process for identifying, assessing, and managing environmental risks and/or opportunities? .............................................................. 16

(2.2.2) Provide details of your organization's process for identifying, assessing, and managing environmental dependencies, impacts, risks, and/or opportunities. ............. 16

(2.2.7) Are the interconnections between environmental dependencies, impacts, risks and/or opportunities assessed? ................................................................................. 23

(2.3) Have you identified priority locations across your value chain? .................................................................................................................................................................. 23

(2.4) How does your organization define substantive effects on your organization? .......................................................................................................................................... 25

(2.5) Does your organization identify and classify potential water pollutants associated with its activities that could have a detrimental impact on water ecosystems or

human health? ...................................................................................................................................................................................................................................................... 26

(2.5.1) Describe how your organization minimizes the adverse impacts of potential water pollutants on water ecosystems or human health associated with your activities.

.............................................................................................................................................................................................................................................................................. 27

C3. Disclosure of risks and opportunities ............................................................................................................................... 29

(3.1) Have you identified any environmental risks which have had a substantive effect on your organization in the reporting year, or are anticipated to have a substantive

effect on your organization in the future? ............................................................................................................................................................................................................. 29

(3.3) In the reporting year, was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations? .......................... 30

(3.5) Are any of your operations or activities regulated by a carbon pricing system (i.e. ETS, Cap & Trade or Carbon Tax)? ............................................................................. 31

(3.6) Have you identified any environmental opportunities which have had a substantive effect on your organization in the reporting year, or are anticipated to have a

substantive effect on your organization in the future? ......................................................................................................................................................................................... 31

(3.6.1) Provide details of the environmental opportunities identified which have had a substantive effect on your organization in the reporting year, or are anticipated to

have a substantive effect on your organization in the future. .............................................................................................................................................................................. 31

(3.6.2) Provide the amount and proportion of your financial metrics in the reporting year that are aligned with the substantive effects of environmental opportunities. ....... 36

C4. Governance ....................................................................................................................................................................... 38

(4.1) Does your organization have a board of directors or an equivalent governing body? ................................................................................................................................. 38

(4.1.1) Is there board-level oversight of environmental issues within your organization? ................................................................................................................................... 39

(4.1.2) Identify the positions (do not include any names) of the individuals or committees on the board with accountability for environmental issues and provide details of

the board's oversight of environmental issues. .................................................................................................................................................................................................... 40

(4.2) Does your organization's board have competency on environmental issues? ............................................................................................................................................ 41

(4.3) Is there management-level responsibility for environmental issues within your organization? ................................................................................................................... 42

(4.3.1) Provide the highest senior management-level positions or committees with responsibility for environmental issues (do not include the names of individuals). ........ 43

(4.5) Do you provide monetary incentives for the management of environmental issues, including the attainment of targets? ........................................................................ 46

(4.5.1) Provide further details on the monetary incentives provided for the management of environmental issues (do not include the names of individuals). ....................... 47

(4.6) Does your organization have an environmental policy that addresses environmental issues? ................................................................................................................... 49

(4.6.1) Provide details of your environmental policies. ........................................................................................................................................................................................ 50

(4.10) Are you a signatory or member of any environmental collaborative frameworks or initiatives? ............................................................................................................... 52

(4.11) In the reporting year, did your organization engage in activities that could directly or indirectly influence policy, law, or regulation that may (positively or negatively)

impact the environment? ...................................................................................................................................................................................................................................... 52

(4.11.2) Provide details of your indirect engagement on policy, law, or regulation that may (positively or negatively) impact the environment through trade associations or

other intermediary organizations or individuals in the reporting year. ................................................................................................................................................................. 53

(4.12) Have you published information about your organization's response to environmental issues for this reporting year in places other than your CDP response? .......... 55

(4.12.1) Provide details on the information published about your organization's response to environmental issues for this reporting year in places other than your CDP

response. Please attach the publication. ............................................................................................................................................................................................................. 55

C5. Business strategy ............................................................................................................................................................. 57

(5.1) Does your organization use scenario analysis to identify environmental outcomes? ................................................................................................................................. 57

(5.1.1) Provide details of the scenarios used in your organization's scenario analysis. ..................................................................................................................................... 57

(5.1.2) Provide details of the outcomes of your organization's scenario analysis. .............................................................................................................................................. 68

(5.2) Does your organization's strategy include a climate transition plan? .......................................................................................................................................................... 69

(5.3) Have environmental risks and opportunities affected your strategy and/or financial planning? ................................................................................................................. 71

(5.3.1) Describe where and how environmental risks and opportunities have affected your strategy. ................................................................................................................ 72

(5.4) In your organization's financial accounting, do you identify spending/revenue that is aligned with your organization's climate transition? ............................................. 72

(5.9) What is the trend in your organization's water-related capital expenditure (CAPEX) and operating expenditure (OPEX) for the reporting year, and the anticipated trend

for the next reporting year? ................................................................................................................................................................................................................................... 73

(5.10) Does your organization use an internal price on environmental externalities? .......................................................................................................................................... 74

(5.11) Do you engage with your value chain on environmental issues? ............................................................................................................................................................... 74

(5.11.1) Does your organization assess and classify suppliers according to their dependencies and/or impacts on the environment? ........................................................... 76

(5.11.2) Does your organization prioritize which suppliers to engage with on environmental issues? ................................................................................................................ 77

(5.11.5) Do your suppliers have to meet environmental requirements as part of your organization's purchasing process? .............................................................................. 78

(5.11.6) Provide details of the environmental requirements that suppliers have to meet as part of your organization's purchasing process, and the compliance measures in

place. .................................................................................................................................................................................................................................................................... 78

(5.11.7) Provide further details of your organization's supplier engagement on environmental issues. ............................................................................................................. 80

(5.11.9) Provide details of any environmental engagement activity with other stakeholders in the value chain. ................................................................................................ 80

C6. Environmental Performance - Consolidation Approach ................................................................................................... 82

(6.1) Provide details on your chosen consolidation approach for the calculation of environmental performance data. ..................................................................................... 82

C7. Environmental performance - Climate Change ................................................................................................................ 84

(7.1) Is this your first year of reporting emissions data to CDP? .......................................................................................................................................................................... 84

(7.1.1) Has your organization undergone any structural changes in the reporting year, or are any previous structural changes being accounted for in this disclosure of

emissions data? .................................................................................................................................................................................................................................................... 84

(7.1.2) Has your emissions accounting methodology, boundary, and/or reporting year definition changed in the reporting year? .................................................................... 84

(7.2) Select the name of the standard, protocol, or methodology you have used to collect activity data and calculate emissions. ................................................................... 85

(7.3) Describe your organization's approach to reporting Scope 2 emissions. .................................................................................................................................................... 85

(7.4) Are there any sources (e.g. facilities, specific GHGs, activities, geographies, etc.) of Scope 1, Scope 2 or Scope 3 emissions that are within your selected reporting

boundary which are not included in your disclosure? ........................................................................................................................................................................................... 85

(7.5) Provide your base year and base year emissions. ....................................................................................................................................................................................... 85

(7.6) What were your organization's gross global Scope 1 emissions in metric tons CO2e? .............................................................................................................................. 95

(7.7) What were your organization's gross global Scope 2 emissions in metric tons CO2e? .............................................................................................................................. 97

(7.8) Account for your organization's gross global Scope 3 emissions, disclosing and explaining any exclusions. ......................................................................................... 100

(7.8.1) Disclose or restate your Scope 3 emissions data for previous years. .................................................................................................................................................... 111

(7.9) Indicate the verification/assurance status that applies to your reported emissions. ................................................................................................................................ 116

(7.9.1) Provide further details of the verification/assurance undertaken for your Scope 1 emissions, and attach the relevant statements. .................................................. 116

(7.9.2) Provide further details of the verification/assurance undertaken for your Scope 2 emissions and attach the relevant statements. .................................................... 117

(7.9.3) Provide further details of the verification/assurance undertaken for your Scope 3 emissions and attach the relevant statements. .................................................... 120

(7.10) How do your gross global emissions (Scope 1 and 2 combined) for the reporting year compare to those of the previous reporting year? .......................................... 121

(7.10.1) Identify the reasons for any change in your gross global emissions (Scope 1 and 2 combined), and for each of them specify how your emissions compare to the

previous year. ..................................................................................................................................................................................................................................................... 121

(7.10.2) Are your emissions performance calculations in 7.10 and 7.10.1 based on a location-based Scope 2 emissions figure or a market-based Scope 2 emissions figure?

............................................................................................................................................................................................................................................................................ 127

(7.12) Are carbon dioxide emissions from biogenic carbon relevant to your organization? .............................................................................................................................. 127

(7.15) Does your organization break down its Scope 1 emissions by greenhouse gas type? ............................................................................................................................ 128

(7.15.1) Break down your total gross global Scope 1 emissions by greenhouse gas type and provide the source of each used global warming potential (GWP). ................ 128

(7.16) Break down your total gross global Scope 1 and 2 emissions by country/area. ..................................................................................................................................... 129

(7.17) Indicate which gross global Scope 1 emissions breakdowns you are able to provide. ........................................................................................................................... 146

(7.17.3) Break down your total gross global Scope 1 emissions by business activity. ...................................................................................................................................... 146

(7.20) Indicate which gross global Scope 2 emissions breakdowns you are able to provide. ........................................................................................................................... 146

(7.20.3) Break down your total gross global Scope 2 emissions by business activity. ...................................................................................................................................... 146

(7.22) Break down your gross Scope 1 and Scope 2 emissions between your consolidated accounting group and other entities included in your response. ....................... 147

(7.23) Is your organization able to break down your emissions data for any of the subsidiaries included in your CDP response? .................................................................. 148

(7.29) What percentage of your total operational spend in the reporting year was on energy? ......................................................................................................................... 148

(7.30) Select which energy-related activities your organization has undertaken. .............................................................................................................................................. 148

(7.30.1) Report your organization's energy consumption totals (excluding feedstocks) in MWh. ..................................................................................................................... 149

(7.30.6) Select the applications of your organization's consumption of fuel. .................................................................................................................................................... 151

(7.30.7) State how much fuel in MWh your organization has consumed (excluding feedstocks) by fuel type. ................................................................................................. 152

(7.30.9) Provide details on the electricity, heat, steam, and cooling your organization has generated and consumed in the reporting year. ................................................... 159

(7.30.14) Provide details on the electricity, heat, steam, and/or cooling amounts that were accounted for at a zero or near-zero emission factor in the market-based Scope 2

figure reported in 7.7. ......................................................................................................................................................................................................................................... 161

(7.30.16) Provide a breakdown by country/area of your electricity/heat/steam/cooling consumption in the reporting year. .......................................................................... 169

(7.45) Describe your gross global combined Scope 1 and 2 emissions for the reporting year in metric tons CO2e per unit currency total revenue and provide any additional

intensity metrics that are appropriate to your business operations. .................................................................................................................................................................. 195

(7.53) Did you have an emissions target that was active in the reporting year? ................................................................................................................................................ 197

(7.53.1) Provide details of your absolute emissions targets and progress made against those targets. .......................................................................................................... 197

(7.53.2) Provide details of your emissions intensity targets and progress made against those targets. .......................................................................................................... 201

(7.54) Did you have any other climate-related targets that were active in the reporting year? ........................................................................................................................... 208

(7.54.2) Provide details of any other climate-related targets, including methane reduction targets. ................................................................................................................. 208

(7.55) Did you have emissions reduction initiatives that were active within the reporting year? Note that this can include those in the planning and/or implementation

phases. ............................................................................................................................................................................................................................................................... 211

(7.55.1) Identify the total number of initiatives at each stage of development, and for those in the implementation stages, the estimated CO2e savings. ........................... 211

(7.55.2) Provide details on the initiatives implemented in the reporting year in the table below. ...................................................................................................................... 212

(7.55.3) What methods do you use to drive investment in emissions reduction activities? .............................................................................................................................. 216

(7.74) Do you classify any of your existing goods and/or services as low-carbon products? ........................................................................................................................... 216

(7.79) Has your organization canceled any project-based carbon credits within the reporting year? ................................................................................................................ 216

C9. Environmental performance - Water security ................................................................................................................ 217

(9.1) Are there any exclusions from your disclosure of water-related data? ...................................................................................................................................................... 217

(9.2) Across all your operations, what proportion of the following water aspects are regularly measured and monitored? ............................................................................. 217

(9.2.2) What are the total volumes of water withdrawn, discharged, and consumed across all your operations, how do they compare to the previous reporting year, and how

are they forecasted to change? .......................................................................................................................................................................................................................... 224

(9.2.4) Indicate whether water is withdrawn from areas with water stress, provide the volume, how it compares with the previous reporting year, and how it is forecasted to

change. ............................................................................................................................................................................................................................................................... 226

(9.2.7) Provide total water withdrawal data by source. ...................................................................................................................................................................................... 228

(9.2.8) Provide total water discharge data by destination. ................................................................................................................................................................................. 231

(9.2.9) Within your direct operations, indicate the highest level(s) to which you treat your discharge. ............................................................................................................. 232

(9.3) In your direct operations and upstream value chain, what is the number of facilities where you have identified substantive water-related dependencies, impacts, risks,

and opportunities? .............................................................................................................................................................................................................................................. 236

(9.5) Provide a figure for your organization's total water withdrawal efficiency. ............................................................................................................................................... 236

(9.13) Do any of your products contain substances classified as hazardous by a regulatory authority? .......................................................................................................... 237

(9.14) Do you classify any of your current products and/or services as low water impact? .............................................................................................................................. 237

(9.15) Do you have any water-related targets? ................................................................................................................................................................................................... 238

(9.15.1) Indicate whether you have targets relating to water pollution, water withdrawals, WASH, or other water-related categories. ............................................................ 238 (9.15.2) Provide details of your water-related targets and the progress made. ................................................................................................................................................. 239

C11. Environmental performance - Biodiversity ................................................................................................................... 242

(11.2) What actions has your organization taken in the reporting year to progress your biodiversity-related commitments? .......................................................................... 242

(11.3) Does your organization use biodiversity indicators to monitor performance across its activities? ........................................................................................................ 242

(11.4) Does your organization have activities located in or near to areas important for biodiversity in the reporting year? ............................................................................. 242

C13. Further information & sign off ...................................................................................................................................... 244

(13.1) Indicate if any environmental information included in your CDP response (not already reported in 7.9.1/2/3, 8.9.1/2/3/4, and 9.3.2) is verified and/or assured by a

third party? .......................................................................................................................................................................................................................................................... 244

(13.1.1) Which data points within your CDP response are verified and/or assured by a third party, and which standards were used? ............................................................ 244

(13.3) Provide the following information for the person that has signed off (approved) your CDP response. .................................................................................................. 246

(13.4) Please indicate your consent for CDP to share contact details with the Pacific Institute to support content for its Water Action Hub website. ................................... 246

C1. Introduction

(1.1) In which language are you submitting your response?

Select from: ☑ English

(1.2) Select the currency used for all financial information disclosed throughout your response.

Select from: ☑ USD

(1.3) Provide an overview and introduction to your organization.

(1.3.2) Organization type

Select from: ☑ Publicly traded organization

(1.3.3) Description of organization

Edwards Lifesciences is a global leader in patient focused medical innovations for structural heart disease, and critical care monitoring. Driven by a passion to help patients, our company collaborates with the world's leading clinicians and researchers to address unmet healthcare needs, working to improve patient outcomes and enhance lives. Headquartered in Irvine, California, Edwards treats advanced cardiovascular disease with its life saving innovations, which are sold in approximately 100 countries. Many of our company's products are considered best in industry and over 95% percent of our sales are from products in leading market positions. We operate seven manufacturing locations: California, Utah, Singapore, Puerto Rico, Costa Rica, Dominican Republic and Ireland. We also operate over 100 sales and administrative regional offices in over 40 countries. At Edwards, our commitment to sustainability is foundational, and expressed in the words of our Credo: "Through our actions, we will become trusted partners with customers, colleagues and patients - creating a community unified in its mission to improve the quality of life around the world. Our results will benefit customers, patients, employees, and shareholders." As stated in our EHS Policy, Edwards "recognizes that safe and environmentally responsible operations bring shared value to our patients, our employees, our stakeholders, and the communities in which we operate" and we are committed to "minimizing our impact on the environment through pollution prevention efforts."

[Fixed row]

(1.4) State the end date of the year for which you are reporting data. For emissions data, indicate whether you will be providing emissions data for past reporting years.

(1.4.1) End date of reporting year

12/31/2023

(1.4.2) Alignment of this reporting period with your financial reporting period

Select from: ☑ Yes

(1.4.3) Indicate if you are providing emissions data for past reporting years

Select from: ☑ Yes

(1.4.4) Number of past reporting years you will be providing Scope 1 emissions data for

Select from: ☑ 3 years

(1.4.5) Number of past reporting years you will be providing Scope 2 emissions data for

Select from: ☑ 3 years

(1.4.6) Number of past reporting years you will be providing Scope 3 emissions data for

Select from: ☑ 2 years

[Fixed row]

(1.5) Provide details on your reporting boundary.

Is your reporting boundary for your CDP disclosure the same as that used in your financial statements?

Select from: ☑ Yes

[Fixed row]

(1.6) Does your organization have an ISIN code or another unique identifier (e.g., Ticker, CUSIP, etc.)?

ISIN code - bond

(1.6.1) Does your organization use this unique identifier?

Select from: ☑ Yes

(1.6.2) Provide your unique identifier

US28176EAD04

ISIN code - equity

(1.6.1) Does your organization use this unique identifier?

Select from: ☑ Yes

(1.6.2) Provide your unique identifier

US28176E1082

Disclaimer

Edwards Lifesciences Corporation published this content on March 27, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 27, 2025 at 22:24:04.863.