Our sustainability targets have been aligned with the Science Based Target initiative (SBTi) regarding energy, setting near and mid-term and Net Zero targets aligned to a 1.5oC increase in climate temperature change in line with the Paris Agreement. We have set interim Scope 1 & 2 targets for 2025 and 2030 against a 2020 base year and we have set Scope 3 targets against a 2024 base year. Those years were chosen as the reference years for which we have reliable data, in line with the SBTi Net-Zero Standard. By Net Zero we mean reducing our Scope 1, 2, and 3 emissions to at least 90% with any residual emissions neutralised through the permanent removal and storage of an equivalent amount of carbon from the atmosphere.
We have undertaken an impartial verification of our 2024 carbon data for the fiscal year starting in January 2024 and ending in December 2024 via a third-party entity (Carbonology) that is CDP accredited. Our reporting boundaries include all seven Devro manufacturing sites and the verification was conducted to a materiality threshold of 5%.
The Group Sustainability Department, led by the Sustainability Director Muir Sneddon, was responsible for the organization and presentation of the data. The data collection was the responsibility of the sites’ Environmental and Sustainability functions. The Scope 3 Category 3 emission accounting was prepared by an external consultant (CEN).
Devro sites with the view of informing the company strategy to achieve Net Zero emissions by 2045 and conforming to SBTi standards.
The scope of the external assurance engagement was limited to Scope 1 and 2 emissions, plus the related Scope 3 Category 3 emissions that refers to emissions related to the production of fuels and energy consumed by the company but not directly emitted from the company's operations. The sources of emissions considered were stationary combustion, F gases, mobile combustion and purchased steam and electricity. All the other Scope 3 categories have been calculated but not independently verified.related to the production of fuels and energy consumed by the company but not directly emitted from the company's operations. The sources of emissions considered were stationary combustion, F gases, mobile combustion and purchased steam and electricity. All the other Scope 3 categories have been calculated but not independently verified.
The Scope 1, 2 and Scope 3 Category 3 emissions were quantified in accordance with ISO 14064-3:2019, annex C. The issued report has been used by Devro to validate its data collection and reporting methodologies.
