Kinectrics
Climate Impact & Sustainability Data (2022-2023)
Reporting Period: 2022-2023
Environmental Metrics
Total Carbon Emissions:1513 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:987 tCO2e/year
Scope 2 Emissions:526 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Environmental Management
- Environmental Stewardship
- Waste Minimization
- Indigenous Reconciliation and Relations
- Host Communities
- Our People
- Diversity, Equity and Inclusion
- Medical Isotopes
- Corporate Governance
- Corporate Culture
- Business Ethics
- Reporting and Transparency
- Responsible Business Practices
Environmental Achievements
- Established baseline for Scope 1 and 2 carbon emissions.
- Initiated a study to evaluate building envelopes for energy efficiency improvements.
- Implemented a successful pilot project to remediate vinyl chloride contamination in groundwater.
- Developed AnagenTM, a self-healing dielectric fluid to reduce maintenance costs and environmental impact.
- Developed Universal SEParation Process (USEP) for managing Mixed Liquid Waste (MLW) from nuclear facilities.
- Reduced low-level radioactive plastic bag waste by 100% (approx. 3100 m per year) by 2024 (FY25) through reusable laundry bags.
Social Achievements
- Raised over $2 million for United Way through employee-led fundraising campaigns.
- Supported Yonge Street Mission (YSM) through volunteering, fundraising, and providing employment opportunities.
- Launched a Learning Management System for employee training and development.
- Prioritized continuous improvement of the Diversity, Equity and Inclusion (DEI) Program.
Governance Achievements
- Established a Sustainability Program.
- Developed a Code of Business Conduct and implemented a whistleblower hotline.
- Provided employee training on key policies including Conflict of Interest, anti-bribery, anti-corruption, cybersecurity and compliance.
- Implemented a Sustainability Policy reviewed annually by senior leadership.
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero emissions by 2050 (aligned with Canadian target).
Medium-term Goals:
- Achieve net-zero emissions by 2050 (aligned with Canadian target).
Short-term Goals:
- Reduce low-level radioactive plastic bag waste by 100% by 2024 (FY25).
Environmental Challenges
- Vinyl chloride contamination in groundwater.
- Reducing Scope 1 and 2 GHG emissions.
- Managing climate-related risks to facilities and operations.
Mitigation Strategies
- Implemented air sparging and granulated activated charcoal treatment for groundwater remediation.
- Developing a greenhouse gas reduction strategy towards net-zero emissions.
- Investing in energy efficiency innovations, including energy-efficient lighting and building envelope improvements.
- Considering the use of clean energy credits to address Scope 2 emissions.
- Phasing out or reducing the use of fossil fuels where technologies exist.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Compliance with labor and human rights laws; promotion of diversity and inclusion; consideration of environmental impacts.
Climate-Related Risks & Opportunities
Physical Risks
- Physical risks to facilities
Transition Risks
- Operational risks associated with climate change
Opportunities
- Strategic growth and innovation in clean energy solutions.
Reporting Standards
Frameworks Used: GRI, TCFD
Certifications: OHSAS 18001, ISO 14001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
The Sustainability Program was developed in alignment with the UN Sustainable Development Goals (SDGs), with a focus on those where Kinectrics believes it can have the greatest impact.
Sustainable Products & Innovation
- AnagenTM self-healing dielectric fluid
- Universal SEParation Process (USEP)
Awards & Recognition
- United Way Local Leaders list (2022)