Climate Change Data

Victrex plc

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:27,453 tCO2e/year (Gross Scope 1 and 2, location based)
Scope 1 Emissions:18,241 tCO2e/year
Scope 2 Emissions:9,212 tCO2e/year (location based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:85% of global electricity needs
Total Energy Consumption:131,954 MWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:103 tCO2e/£m revenue (Gross Scope 1 and 2)

ESG Focus Areas

  • Carbon emissions reduction
  • Resource efficiency (energy, water, waste)
  • Social responsibility (STEM education, community engagement, diversity & inclusion)

Environmental Achievements

  • Reduced greenhouse gas emissions by up to 460 tonnes per year through solvent recovery process modifications.
  • Reduced water usage per unit of revenue by approximately 25% over five years.
  • Reduced waste effluent for off-site treatment by over 700 tonnes at Rotherham plant.
  • Reduced process raw materials by up to 60 tonnes per year at Seal Sands monomer plant.

Social Achievements

  • Provided over 2,570 hours of community volunteering in FY 2020, exceeding 7,000 hours cumulatively since 2015.
  • Supported 42 apprentices, one-third of whom were female.
  • Maintained a B- rating from the Carbon Disclosure Project (CDP), above the European average.
  • 92% of employees felt that the company's COVID-19 response was well managed.

Governance Achievements

  • Annual recertification of the Code of Conduct with an 89% completion rate.
  • Updated Group Diversity & Equal Opportunities Policy.
  • Updated Anti-bribery & Corruption Policy and guidance on interactions with politically exposed persons.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve net zero carbon emissions by 2030 in own operations
  • Sustained reduction in resources (carbon, waste and water) per unit tonne by 2030
  • Increase revenue from sustainable products to >50% by 2030
Short-term Goals:
  • Double recycling rates in the supply chain by 2025
  • Exceed 50% of Group revenue from sustainable products by 2025

Environmental Challenges

  • Reduced demand in Aerospace and Automotive markets due to the COVID-19 pandemic.
  • Need to maintain sustainability targets despite production cuts.
Mitigation Strategies
  • Enhanced sustainability agenda for the next decade.
  • Focus on cost efficiencies in production and maintenance.
  • Leveraging the sustainable proposition of PEEK polymers.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Due diligence process for vendors, including site-specific audits.
  • Victrex Supplier Standards Handbook.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: GHG Protocol Corporate Standard, UK government regulations on Streamlined Energy and Carbon Reporting (SECR)

Certifications: ISO 14001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

Victrex's sustainable products and resource efficiency initiatives contribute to these goals.

Sustainable Products & Innovation

  • VICTREX HPG™ high-precision gears technology
  • Victrex AE™ 250 composites

Awards & Recognition

  • Not disclosed