At Morgan we are committed to a sustainable future. Our aim is to ensure that our products and manufacturing processes are designed, built and managed in a way that enhances their value to society and our environment.
Our approach to sustainability continues to evolve as we bring into scope more and more elements related to our operations, processes and products.
Our products are benefiting the environment by making the operations of our customers significantly more energy efficient, and over the last five years we have made steady reductions to our own CO2e emissions and water consumption.
Learn how we’re committed to building a sustainable future, with our approved science-based targets.
We are committed to a sustainable future
We are proud of the contribution Morgan is making and the contribution of our people to creating a more sustainable world.
|Our aspiration||Our 2030 goals|
AAA MSCI ESG Rating
In 2023 we were awarded an 'AAA' environmental, social and governance (ESG) rating by MSCI.
An MSCI ESG rating is designed to measure a company’s resilience to long-term, industry material ESG risks. MSCI use a rules-based methodology to identify industry leaders and laggards according to their exposure to ESG risks, and how well they manage those risks relative to peers.
The ESG ratings range from Leader (AAA) to Laggard (CCC). As a result of our efforts to date, we have been awarded the AAA rating consecutively in 2023, 2022 and 2021.
These ratings highlight our commitment to a sustainable future and demonstrate our resilience to long-term ESG risks. We're proud of our progress so far, but we still have a long way to go to achieve all our goals.
Morgan Advanced Materials acknowledges the importance of assessing our value-chain emissions in achieving our long-term sustainability objectives. We plan to collaborate with our key stakeholders and top-tier suppliers to reduce indirect emissions, which is our initial move towards minimising the impact of our product lifecycle.
Regarding GHG reporting, Morgan defines its organisational boundary on an operational control basis, and we report our scope 1 and 2 emissions on this basis. This implies that we account for 100% of such emissions resulting from operations over which Morgan or one of its subsidiaries has operational control. Generally, the term scope 3 refers to indirect GHG emissions originating from activities in our value chain, such as upstream emissions linked to raw materials, downstream emissions generated from the products we sell, and emissions from transportation activities upstream and downstream. The scope 3 standard further classifies these emissions into fifteen distinct categories.
In 2022, we utilised the GHG scope 3 evaluator tool to perform a scope 3 screening exercise across all categories. Our scope 3 emissions in 2021 were approximately 700,000 tCO2e. Our objective is to complete a comprehensive scope 3 inventory exercise and create data collection schemes with specific targets in 2023.
Further details are available in the energy section of our website.
The United Nations Sustainable Development Goals