NovaTech, LLC
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
Scope 2 Emissions:0 (through RECs)
Scope 3 Emissions:2611 Mtons CO2eq in 2023 (Purchased Goods and Services) and 357 metric tons (Logistics)
Renewable Energy Share:100% (through RECs in 2023)
ESG Focus Areas
- Climate Change
Environmental Achievements
- Achieved 100% renewable energy coverage through RECs in 2023 (Scope 2 emissions eliminated)
- 12% and 5% decrease in combustion emissions at Lenexa facilities from 2022 to 2023
- Planning for electrification of all combustion equipment starting in 2024 (Scope 1 emissions reduction)
Social Achievements
- Established a Climate Team to oversee decarbonization efforts
- Keep It Cool™ program to engage employees on Net Zero commitment
Governance Achievements
- Registered Net Zero commitment by 2050 with the Science-Based Targets initiative (SBTi)
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions by 2050
Medium-term Goals:
- Electrification of all remaining combustion equipment
Short-term Goals:
- Installation of EV chargers
- Future Grid installation to test products
- Solar outdoor common area
- Vendor survey to understand Net Zero efforts
- Building envelope improvements
Environmental Challenges
- Significant investment and planning required for renewable energy transition and electrification of heating systems
- Ongoing process of engaging with suppliers to improve Scope 3 data accuracy
Mitigation Strategies
- Working with suppliers to obtain more accurate Scope 3 data
- Careful planning and investment for renewable energy transition and electrification
Supply Chain Management
Responsible Procurement
- Working with largest suppliers to obtain activity data or supplier-specific emission factors
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SBTi
Certifications: Green-e certified RECs