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At Cobham, we work to make corporate responsibility part of everything we do.
As a diverse, global company and an innovative industry leader, Cobham takes its commitment to corporate responsibility and sustainability seriously.
We don't just comply with the laws and regulations that govern us - we strive to act ethically and with integrity in everything we do. We do things right while doing the right thing.
The Cobham approach to corporate responsibility and sustainability is simple: we believe by working together to draw out the most innovative ideas from our people, we can all play a role in contributing to a better world.
At Cobham we recognise that acting responsibly and sustainably creates value for our stakeholders. We believe in making this part of everything we do. We achieve this through strong corporate governance, always improving key stakeholder relationships, finding innovative uses of our technology for positive social and environmental impact, striving for the highest ethical standards, developing our people, pursuing a zero harm policy and engaging in our communities.
Cobham is committed to addressing concerns about climate change and the environment. We recognise that it creates efficiencies, drives innovation, helps manage long term risk and improves competiveness. It is good for our business, our shareholders, our customers and our employees.
We measure our total carbon footprint, including Scope 1, 2 and 3 emissions using the operational control boundary approach as set out by the World Business Council for Sustainable Development (WBCSD) & World Resources Institute (WRI) Greenhouse Gas (GHG) Protocol, to ensure we can effectively disclose and manage our contribution to climate change.
The majority of our greenhouse gas emissions come from our aviation business. Due to the nature of the services much of the fuel use is controlled by our customers. We are working with our customers to achieve improvements in fuel efficiency.
Electricity and fuel use also contribute to our footprint and so we focus on energy efficiency improvements at our sites.
In 2010, we set a target to decrease the energy intensity of our direct energy use normalised by turnover (i.e. Scope 1 and Scope 2) by 10% annually. 2015 became a new baseline year with the acquisition of Aeroflex in 2014, an energy intensive business.
After energy use and greenhouse gas emissions, water use and waste are the environmental impacts of most interest to our stakeholders.
Water - Our processes are not water intensive, but inefficient usage represents a cost to our business and the environment so we are looking at ways to improve.
We are reviewing our locations to identify facilities in water stressed regions and understand our water risk profile so we can prioritise our water reduction activities.
We aim to improve our normalised water efficiency metric by 10% each year.
Waste - We are committed to reducing the amount of waste we create, and to reusing or recycling the remaining waste wherever possible. Where disposal is unavoidable we will do so responsibly. Our waste performance data including breakdown by waste disposal methods and waste type can be viewed in the performance section of the website.
We aim to reduce our waste intensity metric by 10% each year.