Waste and biodiversity

Every year, we aim to decrease waste intensity by 5% and increase recycling efforts by the same percentage compared to the previous year. We achieve this through Kaizen and 6S (Sort, Set in order, Shine, Standardise, Sustain and Safety) activities, which focus on eliminating waste, improving quality, increasing efficiency, reducing idle time, and minimising unnecessary activities.

In 2022, we improved waste generation at several sites by enhancing waste segregation and streamlining waste by category. This enabled each site to better understand its waste streams and identify opportunities for improvement. Our year-on-year progress in each category are shown in the following tables.

Biodiversity

Investors and funding agencies now recognise biodiversity loss as a significant risk, and are beginning to request that organisations monitor, report, and mitigate their biodiversity risks. As a result, the manufacturing sector is aligning itself to understand its impact on biodiversity and is taking measures to mitigate the impact.

Biodiversity at Morgan
Morgan Advanced Materials values the protection of biological diversity as a means of preserving natural resources and flora and fauna survival. We understand the interdependence of our raw material usage, freshwater consumption, and waste generation on the natural ecosystem. Our 2030 ESG objectives are consistent with the Sustainable Development Goals (SDGs), particularly SDG 6 (Clean Water & Sanitation), SDG 12 (Responsible Consumption and Production), and SDG 13 (Climate Action). Our EHS&S policy and our corporate sustainability goals, such as those related to product manufacturing, circular economy, water management, material consumption, GHG reduction, and climate protection, are aimed at mitigating the risks to biodiversity.

Biodiversity strategy
Our focus moving forward will centre on three key areas of impact: responsible production at our manufacturing sites, the effects of our
products on the ecosystem, and our supply chain. As part of our ESG strategy, we intend to conduct assessments to determine the impact on ecosystems and dependencies within Morgan's manufacturing value chain. Additionally, we will initiate a study to identify activities occurring in both protected areas and high biodiversity value areas outside of protected areas. This will enable us to understand and mitigate potential biodiversity risks.