- Stricter regulations on carbon neutrality.
- Increase in production costs due to higher energy and raw material prices.
- Damage to production facilities from extreme weather.
- Brain drain and labor shortages.
- Supply chain disruptions and delays due to climate change.
- Supply chain damage from suppliers’ ESG issues.
- Regulatory risks.
- Brand damage from product defects, recalls, and regulatory violations.
- Consumer misinformation from off-label marketing.
- Depreciation in corporate value and reputation from poor management and illegal practices.
Classys Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Classys Inc. disclosed greenhouse gas emissions of 587 tCO2e/year. By scope: Scope 1: 237 tCO2e/year; Scope 2: 350 tCO2e/year. 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.
GHG Emissions
587 tCO2e/year
2023
Water Usage
3.7K m3/year
2023
Waste
15 tons/year
2023
Energy Use
762 MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 237 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 350 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced greenhouse gas emissions by 3.2% compared to the previous year despite a 27% increase in sales revenue.
- Reduced carbon emissions intensity per unit by 24% compared to the previous year.
- Established a refurbishment process for end-of-life devices, resulting in 60 units sold in 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce emissions intensity to sale by 1% compared to the previous year.
- Obtain ISO 14001 certification.
- Maintain the return-to-work rate after parental leave above 90%.
- Conduct annual organizational health survey and improve positive feedback.
- Provide leadership programs to all tiers at least once.
📅 Medium-term
- Reduce Scope 1 & 2 emissions to 515 tons by 2030 through intensity reduction.
- Review the implementation of an internal carbon pricing scheme.
- Review the purchase of external carbon offset credits.
- Build Scope 3 inventory and set targets.
- Participate in value chain reduction activities.
🔭 Long-term
- Achieve carbon neutrality by 2050.
🌱 ESG Focus Areas
Climate ActionTalent ManagementHuman Rights ManagementInformation SecurityOccupational Health & Safety ManagementSupply Chain ManagementQuality ManagementGovernanceEthical Management