|GRI 102: General Disclosures 2016*|
|disclosure||description||Cross-Reference or Answer|
|102-1||Name of the organization||Covanta Holding Corporation|
|102-2||Activities, brands, products and services||2020 10-K, pp. 5-6
|102-3||Location of headquarters||445 South Street, Morristown, NJ 07960|
|102-4||Location of operations||
United States, Canada, China, Ireland, Italy, and the United Kingdom.
|102-5||Ownership and legal form||Covanta is wholly owned by Covanta Holding Corporation. Prior to November 30, 2021, Covanta Holding Corporation was listed and publicly traded on the New York Stock Exchange under the ticker symbol CVA. On November 30, 2021, Covanta Holding Corporation was acquired by the EQT Infrastructure V fund (“EQT Infrastructure”).|
|102-7||Scale of the organization||2020 10-K, pp. 5, 7-16, 21
Performance Tables / Operations Performance
|102-8||Information on employees and other workers||Performance Tables / Workforce Performance
Performance Tables / Diversity Performance
The vast majority (more than 90%) of the organization’s activities, as measured by full-time equivalents, are performed by Covanta employees. We consider contractors that perform periodic work at our facilities, particularly for maintenance, to be outside of our regular activities. There are no significant variations in employment numbers.
|102-9||Supply chain||2020 10-K. pp. 7-11|
|102-10||Significant changes to the organization and its supply chain||2020 10-K, pp. 5-6, 10-11|
|102-11||Precautionary principle or approach||Community Connection / Our Approach|
Covanta supports the UN Sustainable Development Goals.
|102-13||Membership of associations||
Covanta is a member of various industry groups including the Energy Recovery Council, Business Council for Sustainable Energy, Environmental Research and Education Foundation, Biomass Power Association, Confederation of European Waste-to-Energy Plants, Environmental Services Association, Product Stewardship Institute, and the Ontario Waste Management Association. Covanta plays a leadership role or actively contributes to these engagements, with our executives serving on the boards or as association members.
We collaborate and interact with select organizations, including the Go Green Initiative to strengthen our policies, activities and performance. Through our Community Outreach and Environmental Justice Policy, we work to understand and resolve issues and concerns of our local community members.
|102-14||Statement from senior decision-maker||A Message from our Senior Leadership, pp. 4|
|Ethics and Integrity|
|102-16||Values, principles, standards, and norms of behavior||Sustainability Blueprint|
|102-17||Mechanisms for advice and concerns about ethics||
If any employee has questions about the application of the Policy of Business Conduct or concerns about potential instances of non-compliance, they are encouraged to bring their concerns forward to the attention of their supervisor or members of senior management. Employees can also:
Call Covanta’s third-party hotline, THE NETWORK, at 1-800-241-5689 or internationally, at +1 770-409-5006 or contact the Audit Committee of the Board of Directors.
|102-18||Governance structure||Governance Documents|
|102-40||List of stakeholder groups|
|102-41||Collective bargaining agreements||
As of December 31, 2020, approximately 9% of our employees are covered by collective bargaining agreements with various expiration dates through 2021.
|102-42||Identifying and selecting stakeholders|
|102-43||Approach to stakeholder engagement|
|102-44||Key topics and concerns raised|
|102-45||Entities included in the consolidated financial statements||2020 10-K, pp. 5|
|102-46||Defining report content and topic boundaries|
|102-47||List of material topics|
|102-48||Restatements of information||
We updated multiple sets of historic data in the Report Performance Tables due to methodology changes and data corrections, outlined below:
|102-49||Changes in reporting||We updated our reporting approach to the following sections in the Performance Tables: Waste Processed, Energy Generation, Energy Use, and the Operational control basis of the GHG life-cycle benefit. Previously, these fields included 100% of facility operations regardless of operational status or equity interest. All data were recalculated on an operational control + equity interest basis, excluding China, unless otherwise noted. This is in line with the boundaries for our Sustainability-Linked Financing.|
|102-50||Reporting period||January 1, 2020, through December 31, 2020|
|102-51||Date of most recent report||About This Report, pp. 3|
|102-53||Contact point for questions regarding the report||Contact|
|102-54||Claims of reporting in accordance with the GRI Standards||About This Report, pp. 3|
|102-55||GRI content index||About This Report, pp. 3|
|102-56||External assurance||We do not currently assure our sustainability report in whole; however, several components of the report are subject to third-party verification and/or regulatory reporting requirements that carry the weight of law and the potential for civil and criminal penalties. Specifically, our reporting of waste sustainably managed and recycled, is subject to verification as part of our sustainability-linked financing, beginning with 2020. All of our GHG emissions from our WTE facilities are reported as part of the U.S. EPA’s Mandatory GHG Reporting Program, or similar such program in other jurisdictions. Furthermore, environmental performance metrics are calculated based on data reported to environmental regulatory agencies. We may consider seeking additional external assurance for specific indicators in the future.|
|Electric Utility Sector Supplement|
|G4-EU1||Installed capacity, broken down by primary energy source and by regulatory regime||2020 10-K, pp. 9-10|
|G4-EU2||Net energy output broken down by primary energy source and by regulatory regime||Performance Tables / Operations Performance|
|G4-EU5||Allocation of CO2e emissions allowances or equivalent, broken down by carbon trading framework||Environmental Sustainability / Addressing Climate Change|
* Covanta’s 2021 Sustainability Report applies the 2016 version of the GRI Standard’s; “2016” refers to the standard’s issue date, not the date of information presented in this report.
|GRI 103: Topics and Topic Boundaries 2016*|
|Material Topic||Management Approach Cross-Reference||Relevant External Entities|
|GRI 201: Economic Performance 2016||2020 10-K, pp. 7||
|GRI 202: Market Presence 2016||Community Connection||
|GRI 203: Indirect Economic Impacts 2016||Community Connection||Communities|
|GRI 204: Procurement Practices 2016||Sustainability Blueprint||
|GRI 301: Materials 2016||2020 10-K, pp. 11-12||
|GRI 305: Emissions 2016||
|GRI 413: Local Communities 2016||Community Connection||
|GRI 416: Customer Health and Safety 2016||Community Connection||
*Covanta’s 2021 Sustainability Report applies the 2016 version of the GRI Standard’s; “2016” refers to the standard’s issue date, not the date of information presented in this report.
|GRI 200-400 Topic-Specific Disclosures 2016*|
|GRI Topic||Disclosure||Disclosure Description||
Disclosure Cross-Reference, Explanation or Omission
|GRI 201: Economic Performance 2016||201-1||Direct economic value generated and distributed||
We report North America and totals, but not by specific country (e.g., Italy, Ireland, and the United Kingdom).
|201-2||Financial implications and other risks and opportunities due to climate change||
Environmental Sustainability / Addressing Climate Change
Covanta’s Risk Management team provides an annual update on enterprise risk to our board. The last update in September 2020 includes a heat map of key risks facing the organization. The resulting “heat map” is based on senior management’s thoughts regarding each risk. The senior management team evaluates each risk in terms of probability (likelihood), impact (severity) and velocity (timing). “Global Warming” was specifically enumerated on the list of evaluated risks in 2018; however, the effects of climate change were embedded in risk categories evaluated in 2020, including “Weather,” a subcategory of “Operational Risk” – the risk safe, uninterrupted operation of business is compromised due to unforeseen circumstances, including but not limited to mechanical breakdown, weather, fire, cyber breaches, etc. …” Climate change is also identified within “Law & Policy risk,” where changes to local and national policies designed to mitigate climate change could impact our operations.
|GRI 202: Market Presence 2016||202-2||Proportion of senior management hired from the local community||Covanta strives to hire senior management from the local community. Many of our facility managers have come up through the ranks at the facility, helping to ensure long-term ties to the community. When evaluating our workforce, approximately 67% of our workers live within 15 miles of their job, with 22% living less than 5 miles from their work location. About 43% of our workers live in the same county as their work location, with the average worker living within 19 miles of their work site.|
|GRI 203: Indirect Economic Impacts 2016||203-1||Infrastructure investments and services supported||Community Connection
Partnering With Our Communities, pp. 34
|203-2||Significant indirect economic impacts||Community Connection|
|GRI 204: Procurement Practices 2016||204-1||Proportion of spending on local suppliers||
A portion of Covanta’s nationwide supply chain budget is also assigned to local suppliers. More information can be found in our Supply Chain Management policy.
|GRI 205: Anti-corruption 2016**||205-2||Communication and training about anti-corruption policies and procedures||100% of Covanta employees (management and non-management) are expected to read and comply with our Policy of Business Conduct. The policy covers topics such as financial reporting, corruption, copyrights, and environmental safety and health.|
|GRI 301: Materials 2016||301-1||Materials used by weight or volume|
|GRI 302: Energy 2016**||302-1||Energy consumption within the organization||Performance Tables / Operations Performance|
|GRI 303: Water and Effluents 2018**||303-3||Water withdrawal|
|GRI 305: Emissions 2016||305-1||Direct (Scope 1) GHG emissions||Performance Tables / Environmental Performance|
|305-2||Energy indirect (Scope 2) GHG emissions||Performance Tables/ Environmental Performance|
|305-3||Other indirect (Scope 3)|
|305-4||GHG emissions intensity||Performance Tables / Environmental Data|
|305-5||Reduction of GHG emissions|
|305-7||NOx, SOx and other significant air emissions|
|GRI 306: Effluents and Waste 2016**||306-2||Waste by type and disposal method||Performance Tables / Operations Performance|
|GRI 307: Environmental Compliance 2016**||307-1||Non-compliance with environmental laws and regulations|
|GRI 308: Supplier Environmental Assessment 2016**||308-1||New suppliers screened using environmental criteria||Nearly 100% of new suppliers were screened using environmental criteria in 2020.|
|GRI 401: Employment 2016**||401-1||New employee hires and employee turnover||Performance Tables / Workforce Performance|
|401-2||Full-time benefits not provided to temporary / part-time employees|
|GRI 403: Occupational Health and Safety 2018**||403-1||Occupational health and safety management system||Safety and Health|
|403-2||Hazard identification, risk assessment, and incident investigation||Safety and Health|
|403-3||Occupational health services||Safety and Health|
|403-4||Worker participation, consultation and communication on occupational health and safety||
At our operating facilities, formal joint management–worker health and safety committees are run by our hourly employees. In all cases, these teams provide feedback to, and collaborate with, facility and regional safety leads, as well as the Covanta safety management team.
|403-5||Worker training on occupational health and safety||Safety and Health|
|403-7||Prevention and mitigation of occupational health and safety impacts directly linked by business relationships||Safety and Health|
|GRI 404: Training and Education 2016**||404-1||Average hours of training per year per employee||Workforce Engagement / Investing in Training and Development|
|404-2||Programs for upgrading employee skills and transition assistance programs||Workforce Engagement / Investing in Training and Development|
|404-3||Percentage of employees receiving regular performance and career development reviews||Workforce Engagement / Investing in Training and Development|
|GRI 405: Diversity and Equal Opportunity 2016**||405-1||Diversity of governance bodies and employees||
Building A Great Place to Work, pp. 24
|GRI 407: Freedom of Association and Collective Bargaining 2016**||407-1||Operations and suppliers in which the right to freedom of association and collective bargaining might be at risk||Covanta does not have operations in which employees’ rights to exercise freedom of association or collective bargaining are at risk.|
|GRI 411: Rights of Indigenous Peoples 2016**||411-1||Incidents of violations involving rights of indigenous peoples||None. The vast majority of Covanta’s facilities are not cited among indigenous regions. There are no known incidents of violations involving rights of indigenous peoples and actions taken.|
|GRI 413: Local Communities 2016||413-1||Operations with local community engagement, impact assessments, and development programs||
Partnering with Our Communities, pp. 34
|GRI 414: Supplier Social Assessment 2016**||414-1||New suppliers that were screened using social criteria||Nearly 100% of new suppliers were screened using social criteria in 2020.|
|GRI 415: Public Policy 2016**||415-1||Political contributions||
Covanta reports all political contributions as required by law. In addition, prior to November 30,2021, Covanta reported its annual political contributions to the Nominating & Governance Committee, or predecessor committees, of its board of directors and provided a summary report of its political contribution on its corporate investor relations website.
|GRI 416: Customer Health and Safety 2016||416-1||Assessment of the health and safety impacts of product and service categories||Our primary services are sustainable waste management and electrical generation at our energy-from-waste (WTE) plants. The emissions of WTE facilities are closely regulated through federal and state permit requirements and limits. All WTE facilities operate well below these limits, and we continue to improve our performance, as indicated in our section on environment performance within this report. Health impacts associated with emissions from WTE facilities have been studied extensively. For example, one major study from the U.K. Health Protection Agency concluded that the negative health impacts associated with well-regulated WTE facilities are likely to be very small, if even detectable. More information on these studies is provided in Environmental Sustainability / Air Emissions.|
|GRI 418: Customer Privacy 2016**||418-1||Substantiated complaints concerning breaches of customer privacy and losses of customer data||None. There have been no complaints regarding breaches of customer privacy and losses of customer data.|
|GRI 419: Socioeconomic Compliance 2016**||419-1||Noncompliance with laws and regulations in the social and economic area||
The total amount of safety-related fines and penalties at our North American facilities was $3,250 in CY 2019. No other fines, penalties or nonmonetary sanctions were received for the social and economic area in the period from 2019-2020.
* With the exception of GRI 303 and 403 that apply the 2018 version of the GRI Standards, Covanta’s 2021 Sustainability Report applies the 2016 version of the GRI Standards; “2016” refers to the standard’s issue date, not the date of information presented in this report.
**We have reported additional disclosures not related to material topics.