As of 2022, IPG Photonics has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into IPG Photonics's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Intensity-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt (W) of Electricity Produced | -10%a | 2030 |
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As of 2022, IPG Photonics has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.a
As of 2022, IPG Photonics has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
IPG Photonics's most ambitious operational target is to reduce these emissions by 10% by 2030, compared to a baseline of 0.001 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt (W) of Electricity Produced in 2020.a
Instead of reducing operational emissions, IPG Photonics has increased them, with 2021 levels exceeding those of the 2020 baseline, placing the company well behind its reduction target.a