in Aerospace / Defence

Element commits to net zero following top ESG rating

Posted 27 October 2021 · Add Comment

Element Materials Technology (Element) has set out its environmental ambition, committing to science-based targets and net zero emissions across its entire global business by 2035, following the achievement of the highest ESG ranking in the testing, inspection and certification (TIC) industry from Sustainalytics.

Above: Element London is the corporate headquarters of Element Materials Technology.
Courtesy Element


Element has achieved the best rating of any major TIC company globally, placing in the top 200 of the almost 15,000 companies rated for ESG risk by Sustainalytics. Element’s 10.5 corporate ESG rating reflects Sustainalytics’ assessment of the Group’s exposure to ESG issues, for which Element ranked low, and how well a business manages its relevant ESG issues, where Element achieved a very strong rating.

Element’s environmental commitments around emissions form a critical part of its longer-term ESG plans and commitment to positively respond to the climate emergency. Key climate commitments include:

•    Committing to reduce absolute emissions in line with a 1.5℃ science-based target by 2026
•    Achieving net zero emissions in direct operations by 2030
•    Achieving net zero emissions across entire business by 2035

Jo Wetz, CEO at Element, said: “As a business with purpose at its heart, we’re proud of our strong ESG framework that has been in place for years, which supported our achievement of this rating and our leadership on this critical issue.”

“By signing up to comprehensive net zero commitments across our entire operations we are raising the bar in the TIC industry. It is very clear that businesses will need to step up and set aggressive targets that get to net zero emissions before 2050, and we hope to see others in the TIC industry follow our lead.”

Earlier this month Element appointed Lee Andrews as Group Director, Corporate Affairs and ESG. Lee will ensure that Element continues to accelerate its work across the entire range of ESG initiatives.

Element’s current carbon baseline, determined by 2019 figures, is 103 KTCO2e, equivalent to 15.1 TCO2e/ FTE and 0.13 TCO2e per $ revenue. The emissions commitments are supported by existing initiatives such as migrating 100% of Element's global electricity usage to renewable energy contracts; installing solar panels in facilities across the organization; and electric vehicle fleet trials.

Reducing absolute emissions in line with a 1.5C science-based target by 2026 will mean >30% reduction in Scope 1 and 2 emissions and >15% reduction in Scope 3 emissions (relative to the 2019 baseline). Achieving net zero emissions in direct operations by 2030 will cover all Scope 1 & 2 emissions; achieving net zero emissions across the entire business by 2035 will cover all Scope 1, 2 and 3 emissions.
 

 

Other Stories
Advertisement
Latest News

Defence organisations concerned over inability to support disconnected ops

IFS has shared research revealing that military operators and defence in-service support providers consider disconnected operations a priority to effectively assist missions that take place with minimal or no information system

UK Military deployed in Scotland to aid Storm Arwen response

Following an urgent request for assistance, the military has been deployed to the Grampian region of Scotland to support the response to Storm Arwen.

Dstl supports new COVID-19 decision-making tool

A new interactive graphic developed by UK researchers including Dstl will help people decide what to do in everyday situations to protect themselves and others.

BA and Phillips 66 agree first UK produced SAF

British Airways will become the first airline in the world to use sustainable aviation fuel (SAF) produced on a commercial scale in the UK after signing a multi-year agreement with Phillips 66 Limited.

MAG hosting ‘Runway to Recovery’ for SMEs close to Manchester, Stansted and East Midlands airports

Small and medium sized businesses can learn more about how they could become a supplier to the UK’s largest group of airports next week, when Manchester Airports Group (MAG) hosts a virtual ‘Runway to Recovery’ meet the buyer event on

FAC conference embraces carbon-free flight

Delegates attending the annual conference of the Farnborough Aerospace Consortium (FAC) last month, were left in no doubt about the future emphasis of the sector – sustainability.

ODU UK SK0902311221
See us at
RAF Museum BTWIRED BT2311141221