Volex

Volex's reported carbon emissions

Volex plc, a company in the Furniture and other manufactured goods n.e.c. sector headquartered in Great Britain, has set ambitious climate commitments. For the fiscal year 2025, Volex reported approximately 463.8 million kg CO2e in total emissions. This breaks down into approximately 2 million kg CO2e for Scope 1 emissions, around 21.5 million kg CO2e for Scope 2 (market-based), and approximately 440.3 million kg CO2e for Scope 3 emissions. Notably, Scope 3 emissions are dominated by purchased goods and services, accounting for roughly 414.8 million kg CO2e. Volex is committed to achieving net-zero greenhouse gas emissions across its entire value chain by 2050. As part of its near-term strategy, the company aims to reduce absolute Scope 1 and 2 GHG emissions by 90% by fiscal year 2035, using fiscal year 2025 as a base year. Furthermore, Volex plans to reduce absolute Scope 3 GHG emissions by 90% by fiscal year 2050. Specific to key Scope 3 categories, Volex commits to reducing emissions from purchased goods and services and the use of sold products by 64% per million USD value added by fiscal year 2035, from a fiscal year 2025 base year. They also commit to reducing absolute Scope 3 GHG emissions by 90% by fiscal year 2050. These targets are aligned with the Business Ambition for 1.5°C campaign. Volex has also committed to maintaining a minimum of 90% absolute Scope 1 and 2 GHG emissions reductions from fiscal year 2034 through fiscal year 2050, from a fiscal year 2025 base year.