Owen Mumford’s near-term and net-zero targets approved by the SBTi
Owen Mumford, a company in the medical device industry and certified B Corp, has announced that the Science Based Targets initiative (SBTi) has approved its near-term science-based emissions reduction target.
The medical device manufacturer has also committed to set long-term emissions reduction targets with the SBTi in line with reaching net-zero by 2045 – five years ahead of the UK’s net-zero target.
The SBTi, a collaboration established to support companies with their sustainability goals using a global framework, has validated Owen Mumford’s scope 1 and 2 near-term targets – beginning with 2030. This validation confirms that its targets align with a trajectory aimed at limiting global warming to 1.5°C, in accordance with the goals of the 2015 Paris Agreement.
By developing standards, tools, and guidance, the SBTi enables businesses to set ambitious greenhouse gas emissions reduction targets aligned with the latest scientific research. These targets are essential for mitigating the impacts of climate change and working towards achieving net-zero emissions by 2050.
As a manufacturer and distributor of mostly single-use medical devices, the company has taken a holistic approach to sustainability, evaluating operations and processes across its entire network, including the introduction of a bespoke lifecycle assessment technology platform to measure the impact of its devices’ lifecycle and identify improvements.
Owen Mumford’s commitment to sustainable growth is further demonstrated through the SBTi having evaluated and approved its scope 1, 2, and 3 long-term target ambition, and determined its long-term targets are aligned with the SBTi's mitigation pathways for reaching net-zero.
Confirmed near-term and Net-Zero targets:
- Owen Mumford commits to reach net-zero greenhouse gas emissions across the value chain by FY2045.
- Owen Mumford commits to reduce absolute scope 1, 2 and 3 GHG emissions 42% by FY2030 from a FY2022 base year. Long-Term Targets.
- Owen Mumford commits to reduce absolute scope 1, 2 and 3 GHG emissions to net zero by FY2045 from a FY2022 base year.
“Receiving this independent verification from the Science Based Targets initiative represents our steadfast dedication to sustainability and our ongoing efforts to minimise our environmental footprint by aligning our actions with the latest climate science,” said Paul Smith, group quality & regulatory affairs director, Owen Mumford. “By establishing and working towards scientifically measured emissions reduction targets, we not only contribute to global initiatives combating climate change but also uphold our commitment to our customers and the rigorous standards we set for ourselves.”