- Complex and evolving regulatory landscape around sustainability reporting and GHG emissions reduction.
- Potential disruptions to business operations due to energy supply shortages or extreme weather.
- Negative environmental impact from single-use medical consumables.
- Availability limitations for renewable electricity at international facilities.
Novanta Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Novanta Inc. disclosed greenhouse gas emissions of 5.9K tCO2e/year (Reported 2023). By scope: Scope 1: 2.1K tCO2e/year (Reported 2023); Scope 2: 3.8K tCO2e/year (Reported 2023). 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
5.9K tCO2e/year (Reported 2023)
2023
Renewable Energy
41% (Reported 2023)
of total energy
Water Usage
54.6K m3/year (Reported 2023)
2023
Waste
159 tons/year (hazardous waste, Reported 2023)
2023
Energy Use
25.8K MWh/year (Reported 2023)
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). | 2.1K tCO2e/year (Reported 2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.8K tCO2e/year (Reported 2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 5.9K tCO2e/year (Reported 2023) |
| 2022 | 6.2K tCO2e/year |
| 2021 | 5.6K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved a 5% reduction in total market-based Scopes 1 and 2 greenhouse gas emissions on a Reported basis and an 18% reduction on an Organic basis year over year.
- Achieved an 8% reduction in market-based Scopes 1 and 2 greenhouse gas emissions intensity from 2022 to 2023.
- Successfully completed ISO 14001 audits of all 10 manufacturing operations and received ISO 45001 certifications for 6 of these operations.
- Integrated sustainability into the Novanta Growth System (NGS) through kaizen events and the rollout of the New Product Introduction (NPI) Toolbox.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scopes 1 and 2 GHG emission intensity by 5% annually.
- Complete ISO 45001 certification for remaining manufacturing operations.
📅 Medium-term
- Achieve a 15% reduction in Scopes 1 and 2 GHG emission intensity from the 2022 baseline by 2027.
🔭 Long-term
- Achieve net-zero GHG emissions by 2050.
🌱 ESG Focus Areas
Greenhouse gas (GHG) emissions reductionEnvironmental impact of products and supply chainDiversity, equity, and inclusionBusiness ethicsProduct safety and qualitySupply chain traceabilityFinancial performance