Oxford Instruments

Oxford Instruments plc, headquartered in the UK, has established significant climate commitments. For the financial year 2023, the company reported a total of approximately 90.4 million kg CO2e in emissions. This figure comprises:

• Scope 1 Emissions: Approximately 660,000 kg CO2e, primarily from stationary combustion.
• Scope 2 Emissions: Approximately 656,000 kg CO2e (market-based) and 2.5 million kg CO2e (location-based).
• Scope 3 Emissions: Approximately 89.1 million kg CO2e, with purchased goods and services being the largest contributor at approximately 50.5 million kg CO2e. Downstream transportation and distribution accounted for roughly 30.2 million kg CO2e.

Looking ahead, Oxford Instruments aims for net zero across its own operations (Scopes 1 and 2) by 2030. The company has also set near-term targets to reduce Scope 1 emissions by 50% and Scope 2 emissions by 70% by 2030, based on a FY22/23 baseline.

More broadly, Oxford Instruments has committed to ambitious Science Based Targets. These include reducing absolute Scope 1 and 2 greenhouse gas emissions by 90% by FY2030, and by 90% by FY2045, from a FY2024 baseline. Additionally, they aim to reduce absolute Scope 3 greenhouse gas emissions by 25% by FY2030 and by 90% by FY2045, also from a FY2024 baseline. The company's overall net-zero target for greenhouse gas emissions across its value chain is set for FY2045.