Focusrite

Focusrite PLC, based in the UK, operates within the Audio and Video Equipment Manufacturing industry. The company has established comprehensive climate commitments, aiming for Net Zero emissions by 2050.

Recent Emissions Data:

• 2024: Focusrite reported a total of approximately 84,087,000 kg CO2e. This comprised Scope 1 emissions of about 158,000 kg CO2e, Scope 2 emissions of approximately 129,000 kg CO2e, and Scope 3 emissions of roughly 83,800,000 kg CO2e.
• 2023: Total emissions were approximately 92,738,000 kg CO2e. Scope 1 emissions stood at about 177,000 kg CO2e, Scope 2 at approximately 257,000 kg CO2e, and Scope 3 at around 92,304,000 kg CO2e.
• 2022: Scope 1 emissions were approximately 223,000 kg CO2e, with Scope 2 emissions at about 207,000 kg CO2e. Scope 3 data was not disclosed for this year.
• 2021: Scope 1 emissions were around 211,000 kg CO2e, and Scope 2 emissions were approximately 155,000 kg CO2e. Scope 3 data was not disclosed for this year.
• 2020: Scope 1 emissions totalled about 210,000 kg CO2e, and Scope 2 emissions were approximately 149,000 kg CO2e. Scope 3 data was not disclosed.

Climate Commitments and Targets:

Focusrite has set ambitious targets aligned with climate science:

• Near-Term Targets (by FY2031, baseline FY2021):

  • Reduce absolute Scope 1 and 2 GHG emissions by 55.9%.
  • Reduce absolute Scope 3 GHG emissions by 30.0%.
  • As per broader Group proposals, a 53% reduction for Scope 1 and 2 emissions and a 27.5% reduction for Scope 3 emissions by 2031 are also stated.

• Long-Term Targets (by FY2050, baseline FY2021):

  • Reduce absolute Scope 1 and 2 GHG emissions by 90.0%.
  • Reduce Scope 3 GHG emissions by 97.0% per GBP value added.
  • Achieve Net Zero greenhouse gas emissions across the value chain by FY2050.

• Other Targets:

  • A long-term ambition to achieve Net Zero by 2050 is also mentioned, aligning with the UK's 2050 target.
  • By 2030, the company aims to halve electricity consumption through renewable energy generation and energy efficiency.
  • Simultaneously, Focusrite is working to reduce raw material emissions by 50% through material innovation and supply chain optimisation.

Focusrite has transitioned to Life Cycle Assessment (LCA) based carbon accounting and restated its Scope 3 emissions using more accurate, component-level data, resetting its baseline to 2021. These Science-Based Targets initiative (SBTi) commitments are crucial for the company's decarbonisation strategy in the Audio and Video Equipment Manufacturing sector.