ESG goals

We have set stretching goals to reduce our environmental impact, manage our business well and to make sure we do the right thing for our people and society.

Net zero
Our aspiration is to be a CO₂ net zero business by 2050. Our 2030 target is to reduce our scope 1 and scope 2 CO₂ emissions by 50% (from a 2015 baseline). We will start to measure scope 3 emissions from 2023 onwards, with coverage increasing over time.

Our aspiration is to use water sustainably across our business. Our 2030 target is to reduce our overall water usage by 30% and reduce our water usage in high stress areas by 30% (from a 2015 baseline).

Improve our safety performance
Our aspiration is to create an environment and culture with zero harm to our employees. Our 2030 target is a lost time accident rate below 0.1 (lost time accidents per 100,000 hours worked).

Improve the diversity and inclusion of our business
Our aspiration is that our employee demographics reflect the communities that we operate in. Our 2030 target is for 40% female representation across our leadership population of our organisation.

Our aspiration is a welcoming and inclusive environment where our employees can grow and thrive. Our 2030 target is to attain a top quartile employee engagement score.

Alignment to strategy
To deliver our strategy and to achieve our Environmental, Social and Governance (ESG) goals we align our efforts to our three execution priorities.

1. Big positive difference
2. Delight the customer
3. Innovate to grow

The Goals aim to overcome global challenges such as inequality and climate change, and present the opportunity to put the world on a more sustainable path. We have identified nine goals that directly relate to Morgan’s purpose and ambitions for creating a more sustainable world.

The environment

The UN goals covering environment and sustainability are; Goal 7, Affordable and Clean Energy; Goal 9, Industry, Innovation and Infrastructure; and Goal 11, Sustainable Cities and Communities.

To meet these Goals, we help our customers to manage heat and insulation to reduce their energy usage, as well as enable green energy production through wind and solar. We contribute to the electrification of public transport, reducing emissions and increasing efficiency, and we help create safer medical devices and better fire protection.

Water use and climate

To support Goals 12, 13 and 6, governing Responsible Consumption and Production, Climate Action, and Clean Water and Sanitation, we have introduced clear water, waste, and energy reduction goals to help protect our environment; including programmes to reduce greenhouse gas emissions through more efficient manufacturing processes. By 2030 we are aiming for:

• A 50% reduction in scope 1 and scope 2 CO₂ emissions
• A 30% reduction in water use in high and extremely high stress areas, and;
• A 30% reduction in total water usage.

Safe, fair and inclusive workplace

To support Goal 3 - Good Health and Well-Being, Goal 5 - Gender Equality, and Goal 8 - Decent Work and Economic Growth, by 2030:

• We are reducing our lost time accident rate to 0.10
• Introducing measures so that 40% of our leadership population will be female, and;
• We are aiming to achieve a top quartile engagement score.