Morgan Advanced Materials releases sustainability report
Morgan Advanced Materials, headquartered in Windsor, UK, has released its 2021 sustainability and responsibility report, highlighting environmental changes the company has reported across its businesses, including the technical ceramics product lines. These products include Ceramic Injection Moulded (CIM) parts.
“The COVID-19 era has brought the need for a sustainable future into focus,” stated Pete Raby, CEO. “As a purpose-led organisation, we strive to leave a lasting, positive impact on the world.”
The report details the steps taken in 2021 in pursuit of achieving the goal of halving greenhouse emissions by 2030. The following were noted as highlights:
- Absolute CO2 emissions reduced by 17% compared with the previous year
- Water usage is 26% below 2015 annual levels
- Commitment made to the Science Based Initiative (SBTi) to reduce climate impact
- Adoption of the Absolute Emissions Contraction Method; this method helps companies set emissions reduction targets that are aligned with the global, annual emissions reduction rate that is required to meet 1.5˚C
- Partnership with optimisation solutions provider LeanDNA; this was said to lead directly to its Technical Ceramics business unit improving its waste intensity by 6.5% (compared to its 2021 target) and recycling by 18.4%
Morgan Advanced Materials has been awarded an ‘AAA’ rating for its sustainability achievements by MSCI. An MSCI ESG rating is designed to measure a company’s resilience to long–term, industry material ESG risks. The company has also received a ‘B’ rating by the Climate Disclosure Project (CDP) for climate change and water security.
Raby added, “We understand that engaging and inspiring our people to create local initiatives will better enable us to reach our goals. This year, our people have found ways to reduce their environmental impact, support their local communities, and support the wellbeing of their colleagues. We are proud of the contribution Morgan is making, and the contribution of our people to creating a more sustainable world.”
The full report is available here.
