Oxford Instruments plc

Climate Impact & Sustainability Data (2023-04 to 2024-03, 2024)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:99,014 tCO2e (market-based)

Scope 1 Emissions:425 tCO2e

Scope 2 Emissions:2,362 tCO2e (market-based)

Scope 3 Emissions:96,228 tCO2e

Renewable Energy Share:50% (of total electricity)

Total Energy Consumption:16,069,330 kWh

Water Consumption:10,553 m3

Waste Generated:213,302 kg

ESG Focus Areas

progress to net zero and environmental impact
sustainable product stewardship
health and safety
investing in our people
culture and engagement
ethical business practices and regulatory financial compliance

Environmental Achievements

Accelerated net zero targets to 2030 for Scopes 1 and 2 emissions.
Reduced Scope 1 emissions by 35%.

Social Achievements

Development and launch of equity, diversity and inclusion policy.
Publication of first ethnicity pay gap reporting in the UK.
Launch of new employee impact groups focused on neurodiversity and women’s issues.
Strong health and safety performance with no serious accidents and a continued reduction in minor injuries.
14,000 training courses completed by employees.

Governance Achievements

Strengthened reporting framework to support continuing reductions.
Embedded sustainability-related performance measures into executive remuneration.

Climate Goals & Targets

Long-term Goals:

Net zero emissions across Scopes 1, 2 and 3 by 2045.

Medium-term Goals:

Achieve 30% female employees overall by 2030.
Achieve 40% female leadership by the end of 2025.

Short-term Goals:

Net zero in Scopes 1 and 2 by 2030.
Replace boilers at two UK sites in the next three years.

Environmental Challenges

Temporarily losing access to REGO-certified renewable electricity, resulting in increased market-based Scope 2 emissions.
Supply chain disruptions due to extreme weather events.
Increased exposure to environmental regulation (e.g., PFAS).

Mitigation Strategies

Negotiated an early exit from contract and contracted with a new supplier providing REGO-certified electricity.
Implemented product compliance processes to manage regulatory environment.
Engaging with key suppliers on their carbon footprint to identify carbon hotspots and mechanisms to reduce emissions.
Developing a transition plan to map pathway to net zero.
Prioritizing positive environmental attributes when seeking new facilities.
Investing in energy-efficient equipment and replacing gas/oil boilers.

Supply Chain Management

Responsible Procurement

Supplier Quality Manual incorporating Code of Conduct
Due diligence on key suppliers to eliminate conflict minerals.

Climate-Related Risks & Opportunities

Physical Risks

Flooding
Wildfires
Supply chain disruptions from extreme weather

Transition Risks

Increased environmental regulation
Price inflation in value chain
Increasing stakeholder expectations

Opportunities

R&D for low-carbon economy
Increased revenue from low-carbon products/services
Resource efficiency improvements

Reporting Standards

Frameworks Used: TCFD, SBTi (target validation planned)

Certifications: ISO 14001 (UK manufacturing sites), ISO 45001 (UK manufacturing sites)

UN Sustainable Development Goals

Goal 7 (Affordable and Clean Energy)
Goal 9 (Industry, Innovation and Infrastructure)
Goal 13 (Climate Action)

Products contribute to decarbonisation; operations strive for net-zero emissions.

Sustainable Products & Innovation

Energy-efficient products
Water-saving alternative to CMP process

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:2786 tCO2e/year (Scope 1 & 2 market-based)

Scope 1 Emissions:425 tCO2e/year

Scope 2 Emissions:2362 tCO2e/year (market-based)

Scope 3 Emissions:96228 tCO2e/year

Renewable Energy Share:50% of total electricity consumption

Water Consumption:10553 m3/year

Waste Generated:213302 kg/year

Carbon Intensity:5.92 tCO2e per £m revenue