We want to transform our business into a sustainable organisation, that works to protect our planet.
That's why we are working towards achieving net zero for scope 1 and 2 emissions by 2030, and for scope 3 emissions by 2040.
It's an ambitious target, but we are committed to having a net zero business by 2040.
We believe that, together, we can secure a better future for our world.
What Is Net Zero?
Climate change is one of the most important issues facing our planet today. It doesn’t just affect us, but our future generations. This means that it is the responsibility of every person and company to reduce our emissions and safeguard the future of our planet.
Net zero means completely eliminating the greenhouse gases that are produced by a company’s activities. At least 90% of this should be done by reducing emissions, with the remaining proportion of up to 10% of emissions offset by implementing methods of absorbing carbon dioxide from the atmosphere.
By working together to achieve net zero, we believe that we can secure a brighter future for our planet and our future generations.
We began our net zero journey by calculating our total emissions for scopes 1, 2 and 3.
As you can see, scope 3 makes up the majority of our emissions. These are the most difficult emissions to reduce, as they are produced by our suppliers and through the usage of our products.
By understanding where our emissions come from, we can begin to take steps to reduce these, so that we can become a net zero business.
By 2040, we want to be achieve net zero status for all scopes, making Eclipse Magnetics a net zero business. This is an ambitious target, but we are confident that we can achieve it.
On our path to net zero, we are aiming to reach net zero status for scope 1 and 2 emissions by 2030, as well as reducing our scope 3 emissions by 43%. This will set us on the right path for achieving net zero status for all scopes by 2040.
Frequently Asked Questions
Is net zero the same thing as carbon neutral?
Whilst net zero and carbon neutral both refer to carbon emissions being removed from the environment, they use different principles.
Carbon neutral usually involves committing to limit any increase in future carbon emissions whilst offsetting any existing emissions, for example by planting trees.
In contrast, net zero puts the focus on reducing carbon emissions as far as possible, only offsetting the unavoidable carbon emissions. Only 10% of a company’s emissions can be offset to achieve net zero status.
What are scope 1, 2 and 3 emissions?
When we talk about net zero, emissions are categorised as being within scope 1, scope 2 and scope 3.
Scope 1 emissions are the emissions that are directly created by the business, for example the gas that we burn to heat our buildings and our transportation fuels. These emissions are fully within the control of the business, as we create them onsite.
Scope 2 emissions are the indirect emissions that are associated with the consumption of purchased electricity. The emissions themselves occur outside of our physical sites, but they are a direct result of our energy usage.
Scope 3 emissions are the emissions that are not within our direct control. These include the emissions generated by our suppliers and the emissions that are created when our products are used by our customers.
How many UK companies are net zero?
The most recent ONS survey discovered that 22% of large businesses in the UK (those with 250 or more employees) are working towards a net zero target. This highlights the continued movement towards a more sustainable business model, but there is still a lot of work to be done.
There is no official figure of how many net zero companies currently exist in the UK, but hopefully in the coming years we will begin to see growth in this area.