REDUCING CARBON EMISSIONS AND ENERGY USAGE
We focus on reducing greenhouse gas emissions and energy intensity. The Group has approved near and long-term science-based emissions reduction targets with the SBTi. The Group commits to reaching net-zero greenhouse gas emissions across the value chain by 2040, with a near-term target of reducing Scope 1 & 2 emissions by 90% by 2030 from a 2021 base year and Scope 3 emissions by 42% by 2030 from a 2023 base year.
We aim to achieve this goal through:
- Reducing carbon emissions from energy consumption (Scope 2) by:
- Switching to renewable and clean electricity sources if available
- Installing renewable power generation on site where possible
- Implementing energy saving measures
- Switching to hybrid or electric vehicles where practical
- Replacing gas heating with heat pumps and other natural sources
See our latest progress in Our Performance.
Find out more about climate-related risks and opportunities in our TCFD Report.
Waste management
We take measures to minimise waste in the manufacture of products, use recycling options where available and reduce packaging. The majority of our products are non-hazardous. Where hazardous materials are involved, environmental risks are minimised by using appropriate labelling and technical information, in conjunction with training and procedures for handling, storage and disposal.
As an electronic and electrical manufacturer, we follow all relevant laws and regulations, such as RoHS, WEEE, Producer Responsibility Obligations Regulations, and Waste Batteries and Accumulators Regulations.
Water usage
Our production processes typically require no or very little water. The water used is mainly for cooling purposes, in which the water is recycled, and for sanitary and drinking purposes. Therefore, the risk of water scarcity is not a material concern for the Group.
However, we also recognise that water is a finite resource, particularly for our businesses in areas of extremely high water stress, such as India and Mexico, and reducing water consumption is an essential step in preserving the environment. Several sites use water-efficient equipment, such as low-flow toilets and sensor taps.
We have also set a target of 80% of our operations, measured by revenue, to achieve ISO14001 Environmental Management Systems accreditation by CY2025, ensuring appropriate policies, processes and systems are in place in our companies to manage their environmental performance.