Novanta Inc. Sustainability Profile
Novanta Inc., a leading provider of precision photonics and motion control solutions, is headquartered in the United States. Founded in 1980, the company has established a strong presence in key operational regions, including North America, Europe, and Asia. Novanta operates primarily within the advanced manufacturing and medical technology sectors, offering innovative products that enhance performance and efficiency. The company’s core offerings include high-performance laser systems, motion control components, and imaging solutions, all designed to meet the rigorous demands of industries such as healthcare, industrial automation, and scientific research. Novanta's commitment to quality and innovation has positioned it as a trusted partner for customers seeking cutting-edge technology. With a history of significant milestones, Novanta continues to achieve notable recognition in the market, solidifying its reputation as a leader in precision solutions.
DitchCarbon Score
How does Novanta Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Novanta Inc.'s score of 47 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Novanta Inc.'s reported carbon emissions
In 2024, Novanta Inc. reported total greenhouse gas emissions of approximately 3,868,000 kg CO2e globally, with specific emissions of 1,520,000 kg CO2e from Scope 1 and 2 combined. In the US, the company emitted about 1,387,000 kg CO2e, comprising 432,000 kg CO2e from Scope 1 and 955,000 kg CO2e from Scope 2. The UK operations contributed approximately 422,000 kg CO2e, while emissions in Germany were around 516,000 kg CO2e. Novanta has set ambitious climate commitments, aiming for net zero greenhouse gas emissions by 2050. The company has pledged a 15% reduction in Scope 1 and Scope 2 GHG emission intensity from its 2022 baseline by 2027. This commitment is part of a broader strategy to reduce emissions by an average of 5% annually, accounting for any future acquisitions or divestitures. The emissions data is not cascaded from any parent organization, indicating that Novanta Inc. independently reports its emissions and climate initiatives. The company continues to focus on transparency and accountability in its sustainability efforts, as outlined in its recent sustainability reports.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 1,292,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 4,196,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
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Novanta Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Novanta Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
