Morgan Advanced Materials
Environment
We are making good progress towards our 2030 goals.
| 2030 environmental goal | 2024 progress |
|
Reduce absolute emissions directly from the company’s operations and indirect emissions from purchased energy (scope 1 and 2) by 50% by 2030 from a 2015 baseline. |
Total GHG emissions (tCO2e) were 152,871 tonnes, a 3% decrease from 2023 and a 55% decrease over our 2015 baseline. This reduction was achieved through several energy efficiency projects across the Group. |
|
Reduce total water withdrawal and water withdrawal in water stressed areas by 30% from a 2015 baseline. |
Total water withdrawal was 1.61 million m3; which is a 6% decrease over 2023 levels and a 31% decrease over our 2015 baseline. This reduction was driven by our investment in water recirculation projects through 2023 and 2024, better water management practices and changes in product mix water withdrawal intensity – measured at 1,459m3/£m, compared to 1,543m3/£m of 2023. Total water withdrawal in water stressed areas was 341,052m3. This is 2% higher than 2023, reflecting business growth and some changes in product mix. We have declined by 21% compared to our 2015 baseline. |
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Reduce other indirect absolute emissions related to materials sourcing, logistics and services (scope 3) by 15% by 2030 from a 2019 baseline. |
We completed a comprehensive scope 3 inventory screening exercise with a subsequent improvement in reporting methodology. Details of our scope 3 screening exercise can be found on pages 41 and 42 of the 2024 annual report. |
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Procure 80% renewable and nuclear electricity by 2025 and 100% by 2030. |
In 2024, we reached the milestone of 75% green (renewable and nuclear) electricity. Our total energy consumption (fuel and electricity) was 916.0 GWh for 2024, which is 6% lower than 2023. We invested in a new solar photovoltaic (PV) system at our US Fostoria site, which is due to come on line next year and will increase our self-generation capability to 0.52% (of total energy) next year. |
Science Based Targets Initiative (SBTi)
The SBTi is a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science.
SBTi has approved our near-term science-based emissions reduction targets and has classified our scope 1 and 2 target ambition as in line with a well below 2°C trajectory:
- We commit to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2015 base year*.
- We commit to increase active annual sourcing of renewable electricity from 0% in 2015 to 80% in 2025 and 100% by 2030.
- We commit to reduce absolute scope 3 GHG emissions 15% by 2030 from a 2019 base.
*The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks