Previan
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:12,947 tCO2e (potentially closer to 14,818 tCO2e)
Scope 1 Emissions:3.1%
Scope 2 Emissions:8.5%
Scope 3 Emissions:88.4%
ESG Focus Areas
- Planet
- People
- Community
- Governance
- Data and Cybersecurity
Environmental Achievements
- Developed Proton measurement technology, reducing water consumption and contamination in hydrostatic testing for pipelines.
- Adapted electromagnetic inspection solutions for ships, reducing replacement costs and waste.
- Implemented InfraGuard wireless monitoring system for Network Rail, reducing in-person inspections and emissions.
- Implemented Guided Wave Testing (GWT) technology for a nuclear energy company, enabling safer and more efficient inspections.
Social Achievements
- Piloted a new employee engagement survey tool.
- Continued commitment to diversity and inclusion with a company-wide survey.
- Named one of Canada’s Best Managed Companies in 2021.
- Achieved zero recordable incidents at NDT Global.
Governance Achievements
- Initiated review and alignment of Board and Board Committees with best practices.
- Initiated review and alignment of role & responsibility descriptions for Chairman, CEO and Presidents of Board Committees.
- Implemented a comprehensive, multi-layered cybersecurity management program.
Climate Goals & Targets
Long-term Goals:
- Net Zero Emission
Short-term Goals:
- Refine GHG emissions tracking methods and develop strategies for net-zero emissions.
- Align to TCFD standards by introducing scenario analysis of climate-related risks and opportunities disclosure.
- Deploy company-wide employee engagement survey.
- Establish a corporate-wide D&I policy, steering committee, and action plans.
- Review group health insurance plan to include telemedicine and flexibility.
- Reinforce succession planning and build a high-potential program.
Environmental Challenges
- Data limitations in the first company-wide GHG emissions audit.
- Pandemic impact on face-to-face training and community giving.
- Need to develop comprehensive policies and procedures for IT Acceptable Use and Privacy.
Mitigation Strategies
- Calculated an additional percentage to reflect potential inaccuracies in GHG emissions data.
- Operated within constraints to deliver trainings online and, where safe, in person.
- Found alternative ways to give back to the community.
- Working towards developing comprehensive policies and procedures and related trainings for IT and Privacy.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards, SASB Electronic Manufacturing Services and Original Design Manufacturing Standard 2018, UN Sustainable Development Goals
Sustainable Products & Innovation
- Proton measurement technology
- Electromagnetic inspection solutions
- InfraGuard wireless monitoring system
- Guided Wave Testing (GWT) technology
Awards & Recognition
- Deloitte’s 2021 Technology Fast 50 in Clean Technology (9th place)
- Deloitte’s North American Technology Fast 500 (263rd place)