OSI Systems, Inc.
Climate Impact & Sustainability Data (2019, 2024)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Environmental
Climate Goals & Targets
Short-term Goals:
- 100% compliance with all applicable environmental laws and directives
- Increase use of renewable energy sources and energy efficient equipment
- Reduce waste and increase efficiency in our operations
- Reduce the volume and toxicity of hazardous substances used in our processes
Supply Chain Management
Responsible Procurement
- Encouraging our suppliers and business partners to comply with applicable laws and regulations, as well as our Company’s standards
Climate-Related Risks & Opportunities
Reporting Period: 2024
Environmental Metrics
Total Carbon Emissions:9,963 tCO2e (Scope 1) + 17,922 tCO2e (Scope 2) FY2022 Baseline
Scope 1 Emissions:9,963 tCO2e (FY2022)
Scope 2 Emissions:17,922 tCO2e (FY2022)
Renewable Energy Share:50% (target)
ESG Focus Areas
- Ethics & Integrity
- Our Team
- Sustainability
- Community
Environmental Achievements
- Reduced Scope 1 and 2 GHG Emissions (target: 25% reduction compared to FY22 Baseline)
- Achieved a minimum of 50% renewable energy sources (target)
Social Achievements
- Increased representation of women in core professional staff roles (target: 10% increase)
- Increased the number of women in senior leadership (target: 25% increase)
- Hired 500 military veterans across global operating divisions (target)
Governance Achievements
- 100% of product distributors and service providers completed annual ethics training (target)
- Digitalized Code of Ethics and Conduct
Climate Goals & Targets
Medium-term Goals:
- Reduce Scope 1 and 2 GHG emissions by 25% against FY22 baseline
- Achieve a minimum of 50% renewable energy sources
Short-term Goals:
- Reduce potable water consumption by 10% against FY22 baseline
- Provide electric vehicle charging stations at 100% of U.S. factories with 100+ employees
Environmental Challenges
- Climate change risks (physical and transition risks)
- Supply chain disruptions
Mitigation Strategies
- Diversified supply chain to reduce certain climate-related physical risks
- Conducting specific evaluations of long-term climate-related risks and opportunities
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct