Our products help our customers to be more efficient – to use less energy in their manufacturing processes or in their products, and to generate less CO2. We are also working hard to decarbonise our own operations – to produce our products more efficiently and to reduce our own CO2 emissions.
During 2022 we reduced our absolute scope 1 and 2 CO2e emissions by 8.2%.
|Our 2030 goal
|A CO2 net zero business by 20501
|50% reduction in Scope 1 and Scope 2 CO2 emissions2
1. Excludes indirect emissions generated by our supply chain, distribution network and employee travel. 2. Reduction targets shown are compared to a 2015 baseline.
The risks and opportunities considered by the Board have directly informed Morgan’s strategy to deliver on our 2030 goals and 2050 aspirations. These risks and opportunities form the foundation of our net zero roadmap, to ensure we achieve our targets.
Morgan's short-term planning (0-3 years) focuses on climate change-related actions towards process efficiency, improving net-water consumption, and changing power providers and/or power sources to renewable/carbon free energy (to achieve our 2025 target of 65% carbon free electricity).
Morgan’s medium-term planning (3-10 years) delivers more permanent solutions to achieve our 2030 ESG goals.
Morgan’s long-term approach (10-25 years) considers the achievement of long-term goals and implementing the solutions needed to decarbonise our business. Climate change-related long-term planning includes decisions on the future of power generation and supply, advancements in low carbon technology and larger investments in waste heat recovery and carbon capture.
In 2022, our Thermal Ceramics site in Ranipet, India invested significantly in electric ovens, replacing fossil fuel powered ovens. Best practice sharing revealed that electric continuous ovens used in other parts of the Group were performing more efficiently. The replacement uses 40% less energy per kilogram of product manufactured (0.41 to 0.25 kWh/kg).
In addition electrical batch ovens were designed and installed, replacing fossil fuel powered ovens. These use 28% less energy per kilogram of product manufactured. All ovens and furnaces in Ranipet (which makes fibre and converted fibre products) are now powered by electricity.
Ranipet already had a solar array on site, generating 100,000kWh of green energy annually (around 1% of site consumption). During 2022, a much larger 4MWp system was installed, generating approximately 5.6 million kWh of green energy annually, supporting 50% of the site’s annual consumption.
These projects combined are expected to reduce the overall CO2e of the site by nearly 50%. The remaining emissions are 97% scope 2 – which is driven by the high grid factor in India and will be addressed with further procurement of green energy. The remaining scope 1 emissions are mainly fuels used for back-up generators.
Work was also completed to replace the centrifugal pump of the furnace cooling circuit, with an energy efficient pump and IE3 motor. This improvement will reduce the site's carbon emissions by 39.25 metric tonnes per annum, and save 55,440kWh of energy each year.
These successful projects demonstrate a pathway to net zero and are replicable at other Morgan sites globally. They serve as templates for other sites as we electrify our lower temperature thermal processes in line with our decarbonisation roadmap.