Ontex

Ontex's reported carbon emissions

Ontex, headquartered in Belgium and operating in the medical, precision and optical instruments, watches and clocks sector, reported approximately 2.46 billion kg CO2e in total emissions for 2024. This figure comprises approximately 12.75 million kg CO2e for Scope 1 emissions and approximately 2.44 billion kg CO2e for Scope 3 emissions. For Scope 2, market-based emissions were approximately 7.30 million kg CO2e, while location-based emissions were approximately 79.98 million kg CO2e. In 2023, Ontex's total emissions were approximately 2.42 billion kg CO2e, with Scope 1 at approximately 12.38 million kg CO2e and Scope 3 at approximately 2.40 billion kg CO2e. Scope 2 market-based emissions were around 6.68 million kg CO2e, and location-based emissions were approximately 74.31 million kg CO2e. The company has set ambitious climate targets. Ontex aims for carbon-neutral operations by 2030, covering both Scope 1 and Scope 2 emissions. Furthermore, Ontex has committed to reducing absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 80% by 2030, using 2020 as the base year. They also plan to increase their sourcing of renewable electricity from 75% in 2020 to 100% by 2030. For Scope 3 emissions, Ontex is committed to reducing GHG emissions from purchased goods and services, upstream transportation and distribution, and end-of-life treatment of sold products by 25% by 2030, also from a 2020 baseline. Recently updated Science Based Targets initiative (SBTi) commitments indicate a further goal to reduce absolute Scope 1 GHG emissions by 71.0% and absolute Scope 2 GHG emissions by 71.0% by 2030 from a 2020 base year. For Scope 3, there is a commitment to reduce emissions from purchased goods and services, upstream transportation and distribution, and end-of-life treatment of sold products by 51.6% per EUR value added within the same timeframe.