Morgan Advanced Materials

Morgan Advanced Materials, a UK-based company in the Chemicals nec industry, reported total Scope 1 and 2 emissions of approximately 152,871,000 kg CO2e in 2024. This included approximately 111,011,000 kg CO2e from Scope 1 emissions (direct emissions from owned or controlled sources) and about 41,860,000 kg CO2e from Scope 2 emissions (indirect emissions from purchased electricity, heat, or steam, market-based). The company also reported Scope 3 emissions (other indirect emissions in the value chain) for 2024 of approximately 369,857,000 kg CO2e, including significant contributions from purchased goods and services (223,768,000 kg CO2e) and capital goods (49,763,000 kg CO2e).

Looking ahead to 2025, Morgan Advanced Materials projects Scope 1 emissions of approximately 112,064,000 kg CO2e and Scope 2 (market-based) emissions of approximately 33,072,000 kg CO2e.

Historically, the company's Scope 1 and 2 emissions have fluctuated. In 2023, they reported Scope 1 and 2 emissions totalling approximately 157,574,000 kg CO2e, with Scope 3 emissions at approximately 809,375,000 kg CO2e. In 2022, these figures were approximately 211,104,000 kg CO2e for Scope 1 and 2, and about 842,153,000 kg CO2e for Scope 3.

Morgan Advanced Materials has demonstrated a commitment to climate action through several targets. They aim to achieve net-zero CO2e emissions across all scopes by 2050. Near-term targets include reducing absolute Scope 1 and 2 GHG emissions by 50% by 2030, against a 2015 baseline. Additionally, the company commits to reducing absolute Scope 3 GHG emissions by 15% by 2030, from a 2019 baseline, covering categories such as purchased goods and services, capital goods, fuel and energy-related activities, upstream transport, business travel, and waste generated in operations. These near-term targets for Scope 1, Scope 2, and Scope 3 have been validated by the Science Based Targets initiative (SBTi) and are classified as consistent with reductions required to keep warming to well-below 2°C. The company also aims to increase active annual sourcing of renewable electricity from 0% in 2015 to 80% in 2025 and 100% by 2030.