Novanta Inc.
Novanta Inc., a prominent player in the electricity nec (not elsewhere classified) sector, is headquartered in the United States. Founded in 1980, the company has established itself as a leader in providing advanced technology solutions for various industries, including medical, industrial, and scientific applications.
With a focus on precision motion control and photonics, Novanta offers a range of core products and services that are distinguished by their innovative design and reliability. The company has achieved significant milestones, including strategic acquisitions that have expanded its market reach and enhanced its technological capabilities.
Recognised for its commitment to quality and customer satisfaction, Novanta Inc. continues to strengthen its position in the global market, making it a trusted partner for businesses seeking cutting-edge electrical solutions.
+14 vs industry average
Novanta Inc.’s score of 29 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
The Electricity from Other Sources industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Novanta Inc.'s reported carbon emissions
Novanta Inc., headquartered in the US and operating within the electricity nec sector, has disclosed its greenhouse gas (GHG) emissions for recent years. In 2024, the company reported approximately 1.52 million kg CO2e for Scope 1 emissions and approximately 2.35 million kg CO2e for Scope 2 market-based emissions. Scope 1 emissions in 2024 were primarily driven by stationary combustion, accounting for about 1.11 million kg CO2e, with mobile combustion and fugitive emissions contributing smaller amounts. Scope 2 emissions in the same year were mainly from purchased electricity, totalling approximately 2.28 million kg CO2e. Looking back, Novanta's Scope 1 emissions in 2023 were approximately 2.13 million kg CO2e, with stationary combustion being the largest contributor at about 1.06 million kg CO2e, and fugitive emissions notably higher than in 2024 at around 781,000 kg CO2e. Scope 2 market-based emissions in 2023 stood at approximately 3.79 million kg CO2e, with purchased electricity accounting for about 3.69 million kg CO2e. In 2022, Novanta's Scope 1 emissions were approximately 1.36 million kg CO2e, with stationary combustion around 1.04 million kg CO2e. Scope 2 market-based emissions were higher in 2022, reaching approximately 4.85 million kg CO2e, predominantly from purchased electricity (about 4.75 million kg CO2e). For 2021, Scope 1 emissions were approximately 1.29 million kg CO2e, and Scope 2 market-based emissions were about 4.20 million kg CO2e. Novanta has established significant climate commitments. The company aims to achieve net-zero GHG emissions by 2050, a long-term goal. In the near term, Novanta has pledged an aggregate 15% reduction in its Scope 1 and Scope 2 GHG emission intensity by 2027, using a 2022 baseline. This intensity reduction is measured against annual revenue and excludes future acquisitions. Furthermore, the company plans to reduce its Scope 1 and Scope 2 GHG emissions by an average of 5% annually on a rolling base year, accommodating potential business acquisitions or divestitures. Scope 3 emissions data is not yet publicly disclosed.
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Novanta Inc.’s Climate Goals (2030 & 2050)
4 goals2050
Long-term (+6 years) – Our goal is to achieve a target of ne…
Long-term (+6 years) – Our goal is to achieve a target of net zero GHG emissions by 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Novanta Inc.
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