Morgan Advanced Materials

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TCFD reporting

The Task Force on Climate-Related Financial Disclosures (TCFD) was established by the Financial Stability Board in 2015, and focused on improving the reliability of climate related risks and opportunities. The TCFD looks to enable stakeholders to access market transparency of the impact which an organisation has on global climate, in a format which allows easy comparison between different businesses.

TCFD at Morgan

We recognise climate change as both a risk and an opportunity for our business, and we fully support the implementation of the recommendations of the TCFD. Climate change poses challenges to our supply chain and production operations, as well as to our employees and customers.

We focus on driving our sustainability agenda further into our organisation. We understand that engaging with and inspiring our people to create local initiatives will better enable us to reach our goals.

We are proud of the contribution Morgan is making and in particular the contribution of our people to creating a more sustainable world. For us, sustainability is fundamental to our purpose and our strategy.

Scope 1 and 2 CO2e emissions are falling year-on-year as a result of efficiency improvements and our increased renewable energy procurement.

Our progress against our ambitions has been recognised by MSCI, Ecovadis and CDP climate change and water security, with our scores improving. We have also received approval for our science-based target initiative (SBTi) targets.