Sustainability Report 2023
About Woodward
Our Approach to Sustainability
Environmental Stewardship
Social Responsibility
Governance & Accountability
"Sustainability is not just a
Message From the CEO
At Woodward we take incredible pride
in our commitment to sustainability and our continued efforts to make a positive impact on our world. Our focus on energy control solutions that enhance system performance, increase fuel efficiency, and reduce carbon emissions exemplifies our dedication to creating a cleaner,
better future.
We understand that sustainability is not
just a buzzword. It is a fundamental aspect of doing business in today's interconnected world. We are on a journey and continue to take ground on sustainable growth for our company and our customers. We remain fully committed to partnering with all our stakeholders to drive meaningful progress towards a sustainable future.
Our 2023 Sustainability Report, "Powering a Clean Future," is a testament to our
ongoing efforts and our commitment to environmental and social sustainability.
We believe economic prosperity and
social and environmental responsibility
go hand-in-hand, and are proud to deliver innovation and manufacturing excellence that enable that progress. As part of our
ongoing commitment to continuous
Below are a few key highlights and
accomplishments included in this report:
› Enhancing Our Safety Culture: Across our organization, the health and safety of all employees, who we refer to as
members, is our top priority. We strive towards our aspiration of zero safety
incidents. In 2023, we implemented
Human and Organizational Performance (HOP), a world-class approach to safety management, at our Rock Cut, IL, facility. We plan to deploy HOP at manufacturing facilities worldwide by the end of 2026.
In addition, our "Find It / Fix It" program and a digital tool for reporting potential safety risks have made it easier for
all members to proactively engage in improving the health, safety, and
environmental performance of our workplace.
› Developing a Robust Sustainability
Program: With 33 locations in 14 countries around the world, we continue on our journey to continuously improve our sustainable outcomes. This includes
looking at ways to track and improve
global environmental impact of our footprint, creating value for our members and
› Giving Back to Our Community:
Woodward strongly supports our communities. Most of our charitable giving is directed by and through the Woodward Charitable Trust, an independent foun-
dation managed by a Board of Trustees. Last year, the Trust provided nearly 1.5 million dollars in grants to worthy and
important causes, such as initiatives to support Science, Technology, Engineering and Math (STEM) education and train-
ing, and assistance for those in need.
Through sponsorships and volunteerism, we are also engaged with specific
initiatives at colleges and high schools to foster capabilities and interest in technical and business careers.
Thank you for your interest in Woodward's sustainability path forward. Our global teams look forward to continuing to make a positive impact on the industries we
serve, the communities where we operate, and the world we live in.
Charles "Chip" Blankenship,
Woodward, Inc.
Chairman of the Board and
buzzword, but a fundamental aspect of doing business in today's interconnected world."
Charles "Chip" Blankenship Jr.
Chairman of the Board and Chief Executive Officer
improvement, we also released our
updated Purpose & Values in fiscal 2024.
communities, and comprehensive governance around sustainability programs.
Chief Executive Officer
Woodward Sustainability Report 2023 2
Contents
About Woodward
Our Approach to Sustainability
Environmental Stewardship
Social Responsibility
Governance & Accountability
23
Social Responsibility
Message From the CEO 02
4
About Woodward
Woodward At a Glance 5
Business Segments 6
The Woodward Constitution 7
10
Our Approach to Sustainability
Our Strategic Approach to Sustainability 13
Sustainability Oversight and Steering
16
Environmental Stewardship
Natural Resource Conservation 18
Managing the Environmental Impact
of Facilities & Operations 19
Our Purpose & Values | 8 | Committee | 14 | Risks & Opportunities Management | 21 | Our Members | 24 |
Environmental, Social & Governance | 10 | Stakeholder Engagement | 15 | Product Efficiency & Innovation | 22 | Occupational Health & Safety | 29 |
Global Environmental Regulation
32
Governance & Accountability
Corporate Governance
& Risk Management 33
Global Ethics & Compliance Program 34
Cybersecurity 35
Supplier Excellence 36
Respecting Human Rights
& Fair Labor Practices 37
Community Engagement 38
About This Report 40
Appendix: Greenhouse Gas Emissions -
Basis Of Reporting 41
Woodward Sustainability Report 2023 3
About Woodward
Our Approach to Sustainability
Environmental Stewardship
Social Responsibility
Governance & Accountability
About Woodward
Headquartered in Fort Collins, Colorado, USA, Woodward is the global leader in the design,
manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Together with our customers, we are enabling the path to a cleaner, decarbonized world. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform
in some of the world's harshest environments.
Our purpose is to design and deliver energy control solutions our partners count on to power a
clean future.
Fort Collins, USA (HQ)
Woodward Sustainability Report 2023 4
About Woodward
Our Approach to Sustainability
Environmental Stewardship
Social Responsibility
Governance & Accountability
Woodward At a Glance
33 Locationsin 14 Countries
INDUSTRIAL SALES
$ 1.15 Billion
AEROSPACE SALES
$ 1.77 Billion
SEGMENTS / MARKETS
Aerospace› Commercial / Defense
Industrial› Power Generation / Transportation / Oil and Gas
Number of Members:
8,800Approximately
intern
AVERAGE TENURE
10.66Years
Woodward
Charitable Trust Giving
$ 1,446,000in CY23
$ 177 MillionAmount returned to shareholders
$ 51 Million $ 2.91 Billionin dividends
153Years of Innovation
(Founded 1870)
Company Sales
$ 132 Million
INVESTMENT IN R&D
$ 126 Millionin share repurchases
All information on this page is from fiscal year 2023 unless stated otherwise.
Woodward Sustainability Report 2023 5
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Disclaimer
Woodward Inc. published this content on December 09, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on December 09, 2025 at 06:41 UTC.
