Climate Change Data

Morgan Advanced Materials plc

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:229,887 mt CO2e
Scope 1 Emissions:118,747 mt CO2e
Scope 2 Emissions:107,070 mt CO2e
Renewable Energy Share:33.4%
Total Energy Consumption:1067 GWh
Water Consumption:1,731,175 m3
Waste Generated:39,918 mt

ESG Focus Areas

  • Climate Change
  • Water Stewardship
  • Safety
  • Workforce Diversity & Inclusion
  • Employee Engagement

Environmental Achievements

  • Decreased absolute carbon emissions by 17% compared to 2020 (33% compared to 2015 baseline)
  • Achieved a CO2e intensity decrease of 20% compared to 2020 and 38% compared to 2015 baseline
  • Reduced water use in high-stress areas by 12% compared to 2015 baseline
  • Reduced overall water usage by 26% compared to 2015 baseline

Social Achievements

  • Launched a new language training program
  • Launched a new employee survey tool ('Your Voice')
  • Introduced the first employee resource group focusing on gender diversity
  • Ran a second mental health awareness month
  • Implemented Mental Health First Aid training in the US

Governance Achievements

  • Established an internal supply chain committee
  • Developed a new Supplier Code of Conduct, Conflict Minerals policy, and updated Modern Slavery policy
  • Refined due diligence process and developed a supplier questionnaire covering ESG topics
  • Committed to the Science Based Targets initiative (SBTi)

Climate Goals & Targets

Long-term Goals:
  • Achieve CO2e net-zero emissions by 2050
Medium-term Goals:
  • Reduce Scope 1 and Scope 2 CO2e emissions by 50% by 2030 (from 2015 baseline)
  • Reduce overall water usage by 30% by 2030 (from 2015 baseline)
  • Reduce water usage in high-stress areas by 30% by 2030 (from 2015 baseline)
  • Achieve a lost-time accident rate below 0.10 by 2030
  • Achieve 40% female representation in leadership by 2030
  • Attain a top quartile employee engagement score by 2030
Short-term Goals:
  • Reduce water consumption (projects starting in 2022)
  • Improve waste segregation and management
  • Complete rollout of new behavioral safety training (2022)

Environmental Challenges

  • Increased water consumption and intensity in 2021 due to business growth and product mix changes
  • Increased waste intensity and overall waste generation in 2021 due to business growth
  • Increased lost-time accident rate in 2021, potentially due to pandemic-related fatigue and distraction
  • Challenges in assessing Scope 3 emissions
Mitigation Strategies
  • Projects underway to reduce water consumption in 2022
  • Initiatives to improve waste segregation and understand waste streams
  • Rollout of new behavioral safety training
  • Development of systems to evaluate Scope 3 emissions from suppliers, capital goods, and fuel-and-energy-related activities

Supply Chain Management

Supplier Audits: Pilot program conducted on top-tier suppliers in 2021; full system to be implemented in 2022

Responsible Procurement
  • New Supplier Code of Conduct
  • Conflict Minerals policy
  • Updated Modern Slavery policy
  • Supplier questionnaire covering ESG topics

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products
  • Exploiting low-carbon opportunities

Reporting Standards

Frameworks Used: GRI, TCFD, GHG Protocol

Certifications: ISO 14001:2015, ISO 45001

Third-party Assurance: ERM Certification and Verification Services Limited (ERM CVS)

Awards & Recognition

  • MSCI AAA rating
  • EcoVadis Bronze medal