Volex

Volex, a UK-based manufacturer in the Furniture and other manufactured goods n.e.c. industry, reported total emissions of approximately 463.8 million kg CO2e in 2025. This included about 2.0 million kg CO2e from Scope 1, approximately 21.5 million kg CO2e from Scope 2 (market-based), and roughly 440.3 million kg CO2e from Scope 3 emissions. Key contributors to Scope 3 were purchased goods and services, accounting for around 414.8 million kg CO2e.

Looking back, Volex's total emissions in 2017 were approximately 16.6 million kg CO2e, with Scope 1 at about 851,000 kg CO2e and Scope 2 at approximately 15.8 million kg CO2e.

Volex is committed to significant climate action, participating in the Business Ambition for 1.5°C campaign. The company has set Science Based Targets initiative (SBTi) validated targets, committing to reach net-zero greenhouse gas emissions across its entire value chain by FY2049.

Near-term SBTi targets include:

• Reducing absolute Scope 1 and 2 GHG emissions by 90% by FY2035 from a FY2025 base year.
• Reducing absolute Scope 3 GHG emissions from fuel- and energy-related activities and waste generated in operations by 90% within the same timeframe.
• Reducing Scope 3 GHG emissions from purchased goods and services and use of sold products by 63.8% per million USD value added by FY2035 from a FY2025 base year.

Long-term SBTi targets, valid from FY2034 through FY2050 from a FY2025 base year, commit Volex to maintaining a minimum of 90% absolute reductions in Scope 1, Scope 2, and Scope 3 GHG emissions.