Morgan Advanced Materials

Morgan Advanced Materials, a company in the Chemicals nec industry headquartered in Great Britain, reported a total of approximately 966.9 million kg CO2e for the year 2023. This figure encompasses Scope 1, 2, and 3 emissions. For 2024, the company's total emissions were approximately 522.7 million kg CO2e, with Scope 1 accounting for around 111 million kg CO2e and Scope 2 (market-based) at approximately 41.9 million kg CO2e. Scope 3 emissions for 2024 were substantial, totalling roughly 369.9 million kg CO2e, with the largest contributors being purchased goods and services (approximately 223.8 million kg CO2e) and capital goods (approximately 49.8 million kg CO2e).

In terms of climate commitments, Morgan Advanced Materials has set a target to reduce its absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 50% by 2030, using 2015 as a baseline. This commitment is recognised by the Science Based Targets initiative (SBTi) as being consistent with reductions required to keep warming to well-below 2°C. The company also aims to increase its active annual sourcing of renewable electricity to 100% by 2030, having started from 0% in 2015 and aiming for 80% by 2025.

Furthermore, Morgan Advanced Materials is working to reduce its absolute Scope 3 GHG emissions by 15% by 2030, from a 2019 baseline. This reduction target covers key categories including purchased goods and services, capital goods, fuel and energy-related activities, upstream transport, business travel, and waste generated in operations. The company has also committed to becoming a CO2e net zero business by 2050.

For 2025, preliminary Scope 1 emissions are reported at approximately 112.1 million kg CO2e, with stationary combustion being the primary source (around 106.1 million kg CO2e). Scope 2 emissions (market-based) are estimated at approximately 33.1 million kg CO2e, while market-based Scope 2 emissions are projected to be around 144.1 million kg CO2e. The company's sustainability reports indicate progress towards its targets, with status updates suggesting they are on track for certain near-term goals, though some areas require continued focus.