WaveOptics, Ltd. Sustainability Profile
WaveOptics, Ltd., a leading innovator in the augmented reality (AR) sector, is headquartered in Great Britain. Founded in 2014, the company has rapidly established itself as a key player in the optical technology industry, focusing on advanced waveguide solutions for AR applications. With a commitment to enhancing user experiences, WaveOptics offers unique products that integrate seamlessly into various devices, setting them apart from competitors. Their cutting-edge technology is designed to deliver high-quality visual experiences, making them a preferred choice for businesses looking to implement AR solutions. Recognised for their significant contributions to the AR landscape, WaveOptics continues to push the boundaries of optical design, positioning themselves at the forefront of the industry. Their innovative approach and dedication to excellence have garnered attention and respect within the market.
DitchCarbon Score
How does WaveOptics, Ltd.'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 Communication Equipment Manufacturing 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
WaveOptics, Ltd.'s score of 67 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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WaveOptics, Ltd., headquartered in Great Britain, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Snap Inc., which influences its climate commitments and initiatives. WaveOptics inherits its climate-related targets and performance metrics from Snap Inc., which has established various sustainability initiatives. However, specific reduction targets or achievements for WaveOptics are not detailed in the available data. As part of its corporate family, WaveOptics aligns with Snap Inc.'s broader climate strategies, which include commitments to the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP). These initiatives aim to enhance transparency and accountability in carbon emissions management, although specific targets for WaveOptics have not been disclosed. In summary, while WaveOptics, Ltd. does not provide direct emissions data or specific reduction targets, it is positioned within a framework of sustainability initiatives cascaded from Snap Inc., reflecting a commitment to addressing climate change within its operational context.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,656,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 4,284,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 124,727,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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WaveOptics, Ltd.'s Scope 3 Categories Breakdown
WaveOptics, Ltd.'s Scope 3 emissions, which decreased by 11% last year and increased by approximately 92% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 42% of Scope 3 emissions.
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WaveOptics, Ltd.'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.
WaveOptics, Ltd. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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