The group’s first Sustainability Roadmap was launched in 2020 and Xaar said it had made considerable progress in the five years since, being on track to hit its target of a 90% reduction in Scope 1 and 2 emissions by 2030.
Following a review of the requirements to complete Scope 3, the business has extended its timeline to 2050. In addition, it said all activity undertaken would be stated in Xaar’s ESG Report.
The company said its decision to rebaseline signified its learnings during this period, as well as acknowledging recent regulatory and market changes.
“Our research indicates that the majority of governments and companies have publicly set 2050 as their end date, and even those that are promising an earlier timeframe don’t go sooner than 2040,” said Graham Tweedale, Xaar’s chief operating officer.
“Our revised target aligns with industry best practices and ensures a pragmatic, achievable approach to reducing emissions, by prioritising the areas – such as energy and waste – that will deliver the biggest impact, soonest.”
The updated roadmap has been created with the support of the wider Xaar organisation, and input from stakeholders across the company’s supply chain.
To make it as robust as possible, Xaar said it undertook an extensive materiality analysis to determine exactly what internal and external stakeholders deemed most important and substantive. Amongst the groups Xaar consulted were customers, suppliers, STEM and charity partners, and its employees.
This was supported by a deep dive into historical data to deliver the best possible understanding of Xaar’s sustainability during the baseline year, 2019. Workshops were attended by representatives from across the business, with 341 ideas shared and used to clarify and refine the roadmap.
Tweedale added that, based on such a thorough process and with five years of learnings since the original roadmap, the company was confident that the rebaselined ESG Roadmap was “accurate, achievable, and better aligned with the needs of our business, employees and customers”.
The company said it also played an active role in supporting the sustainability initiatives of its customers, for example through inkjet innovations that reduce waste or require less energy.
It said this thinking was embedded in the four pillars established by Xaar in 2020 – Environment, People, Innovation, and Community. The latest roadmap adds a fifth pillar, Governance, to reflect the increasing weight attached to this area.
