Bodycote

Bodycote, a UK-headquartered company in the precious metals industry, reported total carbon emissions of approximately 432.3 million kg CO2e in 2024. This figure comprises about 118.0 million kg CO2e from Scope 1 emissions, approximately 145.1 million kg CO2e from Scope 2 market-based emissions, and around 169.2 million kg CO2e from Scope 3 emissions.

For 2023, Bodycote's total carbon emissions were approximately 457.8 million kg CO2e, with Scope 1 emissions at roughly 134.3 million kg CO2e, Scope 2 market-based emissions at about 145.5 million kg CO2e, and Scope 3 emissions at around 178.0 million kg CO2e. This indicates a decrease in total emissions between 2023 and 2024.

Bodycote has committed to significant climate action, with several near-term reduction targets. The company aims to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 46.2% by 2030, using 2019 as the base year. This target is validated by the Science Based Targets initiative (SBTi) as consistent with keeping warming to 1.5°C.

Additionally, Bodycote has a voluntary Scope 3 emissions reduction goal, committing to decrease absolute Scope 3 GHG emissions from fuel and energy-related activities by at least 45% by 2030, also from a 2019 base year. Earlier targets, reported in 2023 and validated by SBTi, aimed for a 28% reduction in absolute Scope 1 and Scope 2 GHG emissions by 2030 from a 2019 base year, consistent with a well-below 2°C scenario. Bodycote has also stated a commitment to building near-term carbon reduction targets in line with SBTi for Scope 1 and Scope 2, and is building a path to net-zero carbon.