GlobalData offers a comprehensive analysis of Universal Display, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Universal Display‘s ESG performance. GlobalData’s company profile on Universal Display offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Universal Display, a leading provider of OLED technologies, is committed to reducing and managing its greenhouse gas (GHG) emissions. The company is currently in the process of quantifying its GHG emissions and establishing baselines for scope 1 and scope 2 emissions. In 2022, the company’s emissions reported for scope 1 was 646 metric tons CO2e), scope 2 was 2,439 metric tons CO2e.
Universal Display has taken steps to reduce its energy consumption and carbon footprint. The company has made improvements in energy conservation, including replacing and upgrading HVAC systems, boilers, and chillers with energy-efficient models. It has also installed energy-efficient lighting and occupancy-based controls to reduce unnecessary usage. Additionally, the company is evaluating renewable energy options for its headquarters campus.
In terms of waste management, Universal Display aims to minimize, reuse, and recycle hazardous, universal, and non-hazardous wastes. It has achieved high percentages of hazardous waste recycling and non-hazardous waste recovery. The company is committed to maintaining regulatory compliance and providing a safe and healthy workplace for its employees.
Universal Display has made investments to minimize its carbon footprint. It has calculated its scope 1 and scope 2 emissions using guidance and tools from the United States Environmental Protection Agency. The company has also reviewed its Climate Change policy and is devoting internal resources to quantify its GHG emissions.
In conclusion, Universal Display is actively working towards reducing its carbon emissions and the company has implemented energy conservation measures, waste management strategies, and is evaluating renewable energy options. By quantifying its GHG emissions and establishing baselines, the company aims to set reduction goals and action plans. Universal Display's commitment to sustainability aligns with the growing importance of addressing climate change in the corporate sector.
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