- De-stocking in North American components business
- Lower demand for components products in North America
TT Electronics plc
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 10.5K tonnes |
| 2021 | 15.7K tCO2e/year |
| 2020 | 12.5K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 62% reduction in Scope 1 & 2 carbon emissions from 2019 baseline (2023 data)
- Solar schemes operational in Malaysia, Mexico, and China
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce inventory by £15 million in H2 2024
📅 Medium-term
- £17 million of net cost savings and margin improvement by 2026
- 12% adjusted operating margin in 2026
🔭 Long-term
- Net Zero emissions by 2030
🌱 ESG Focus Areas
Net Zero emissionsEmployee engagementEnvironmental impact reduction