Modulight, a leading innovator in the medical, precision, and optical instruments sector, is headquartered in Finland (FI). Founded in 2000, the company has established itself as a key player in the development of advanced laser technologies, particularly for medical applications. With a focus on precision and reliability, Modulight offers a range of unique products, including customised laser systems that cater to various medical fields.
The company has achieved significant milestones, including collaborations with renowned medical institutions and a strong presence in major operational regions across Europe and North America. Modulight's commitment to quality and innovation has positioned it as a trusted partner in the medical industry, making it a preferred choice for healthcare professionals seeking cutting-edge solutions.
+1 vs industry average
Modulight’s score of 30 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Medical Device Manufacturing has below-average carbon intensity
Industry performance
The Medical Device Manufacturing industry has reduced its overall emissions by 32% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Modulight's reported carbon emissions
Modulight, headquartered in Finland and operating in the medical, precision, and optical instruments sector, reported a total of approximately 724,800 kg CO2e for the year 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.
For 2023, Modulight's emissions breakdown includes:
- Scope 1: Approximately 8,000 kg CO2e, primarily from mobile combustion.
- Scope 2: Approximately 116,000 kg CO2e, attributed to purchased heat.
- Scope 3: Approximately 48,000 kg CO2e, with significant contributions from purchased goods and services (86,000 kg CO2e) and business travel (39,600 kg CO2e).
In 2022, the company's total emissions were approximately 681,000 kg CO2e. The breakdown for 2022 included:
- Scope 1: Approximately 19,000 kg CO2e, comprising mobile combustion (8,000 kg CO2e) and process emissions (11,000 kg CO2e).
- Scope 2: Approximately 114,000 kg CO2e, from purchased heat.
- Scope 3: Approximately 548,000 kg CO2e, with purchased goods and services (1,000 kg CO2e) and business travel (312,000 kg CO2e) being notable categories.
Modulight has established climate commitments. Notably, the company aims to reduce energy used for heating by 30% by 2025, a near-term target focused on Scope 2 emissions. Looking towards a long-term goal, Modulight is working to reduce the use-phase emission intensity of sold products (Scope 3) by 50% by 2040, compared to 2020 levels, and is actively engaging suppliers and partners to lower greenhouse gas emissions across its value chain.
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Modulight’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
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Emissions comparison with industry peers
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Modulight
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