Waters

Waters, a US-based company in the Research and development services industry, reported its global carbon emissions for 2024 as approximately 421,638 tonnes CO2e. This total comprises about 15,100 tonnes CO2e from Scope 1 emissions, 19,630 tonnes CO2e from Scope 2 (location-based) emissions, and 386,908 tonnes CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions in 2024 included approximately 196,100 tonnes CO2e from use of sold products, 121,783 tonnes CO2e from purchased goods and services, and 32,270 tonnes CO2e from upstream transportation and distribution.

Looking back, Waters's Scope 1 and 2 emissions in 2023 were about 12,700 tonnes CO2e and 4,300 tonnes CO2e (market-based), respectively. In 2022, these figures were approximately 13,000 tonnes CO2e (Scope 1) and 4,300 tonnes CO2e (market-based Scope 2).

Waters has set ambitious climate commitments, with Science-Based Targets initiative (SBTi) approval. The company commits to achieving net-zero greenhouse gas emissions across its value chain by 2050. Near-term targets include an absolute reduction of Scope 1 and 2 GHG emissions by 42% by 2030 from a 2024 base year. Waters also aims to reduce Scope 3 GHG emissions from use of sold products by 51.6% per USD value added within the same timeframe, and further commits that 52% of its suppliers by spend covering purchased goods and services will have science-based targets by 2030. For long-term goals, Waters plans to reduce absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2024 base year. Additionally, long-term Scope 3 targets include a 97% reduction in emissions from purchased goods and services, upstream transportation and distribution, and use of sold products, per USD value added within the same timeframe.

Historically, as of December 31, 2020, Waters had already reduced its total Scope 1 and 2 GHG emissions by 10.3% from a 2016 baseline. The company also aims for a 35% reduction in GHG emissions by 2025 from a 2016 baseline for Scope 1 and Scope 2 emissions.