Volex

Volex, a UK-based company in the Furniture and other manufactured goods n.e.c. industry, reported approximately 463.8 million kg CO2e in total greenhouse gas emissions for 2025. This includes 2.012 million kg CO2e from Scope 1 emissions, 21.473 million kg CO2e from Scope 2 (market-based), and 440.316 million kg CO2e from Scope 3 emissions.

For 2024, Volex's Scope 1 emissions were approximately 1.776 million kg CO2e, Scope 2 (location-based) were around 21.34 million kg CO2e, and Scope 3 emissions totalled about 2.183 million kg CO2e. In 2023, Scope 1 emissions were 0.83 million kg CO2e, Scope 2 (location-based) were 19.17 million kg CO2e, and Scope 3 emissions were approximately 1.845 million kg CO2e. In 2022, Volex reported Scope 1 emissions of approximately 1.002 million kg CO2e, Scope 2 (location-based) of 18.736 million kg CO2e, and Scope 3 emissions of about 1.685 million kg CO2e.

Volex has set ambitious climate commitments. The company is committed to achieving net-zero greenhouse gas emissions across its entire value chain (Scopes 1, 2, and 3) by FY2049, as validated by the Science Based Targets initiative (SBTi). This includes a near-term target to reduce absolute Scope 1 and 2 GHG emissions by 90% by FY2035 from a FY2025 base year. Additionally, Volex commits to reduce absolute Scope 3 GHG emissions from fuel- and energy-related activities and waste generated in operations by 90% by FY2035 from a FY2025 base year. The company also aims to reduce 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. For the long term, Volex plans to reduce absolute Scope 3 GHG emissions by 90% by FY2050 from a FY2025 base year.