Novanta Inc
Novanta's GHG Emissions Data Preview
In 2023, Novanta completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, Novanta has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Novanta’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Novanta’s data sources below and access millions more through our Disclosure Search.
Insights into Novanta's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Novanta amounted to 8,557 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Novanta increased by 37.71%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Novanta's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Novanta's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Novanta were 2,132 metric tons of CO₂ equivalent (tCO₂e). a
Has Novanta reduced its Scope 1 emissions over time?
Since 2021, Novanta's Scope 1 emissions have increased by 65.02%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Novanta's Scope 1 emissions increased by 56.76%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Novanta's Scope 2 emissions?
In 2023, Novanta reported Scope 2 greenhouse gas (GHG) emissions of 3,786 tCO₂e using the market-based method and 6,425 tCO₂e using the location-based method. a
What methodology does Novanta use for Scope 2 reporting?
In 2023, Novanta reported its Scope 2 emissions using the market-based method and using the location-based method. a
Novanta's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Novanta’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Novanta reported Scope 1 greenhouse gas (GHG) emissions of 2,132 tCO₂e and total revenues of USD 882 millions. This translates into an emissions intensity of 2.42 tCO₂e per millions USD. a
Novanta's Scope 1 Emissions Intensity Compared to Peers
How does Novanta's GHG emissions intensity compare to its peers?
In 2023, Novanta reported a Scope 1 emissions intensity of 2.42 tCO₂e per millions USD. Compared to the peer group median of 2.11 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Novanta rank on GHG emissions intensity within its industry?
In 2023, Novanta ranked 14 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Novanta is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a