Xaar is reinforcing its commitment to sustainability with the announcement of a rebaselined ESG Roadmap, setting ambitious yet achievable targets to drive meaningful environmental, social, and governance impact.
The Group’s first Sustainability Roadmap was launched in 2020 and Xaar has 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, all activity undertaken will be stated in Xaar’s ESG Report reflecting the broader canvas of the Group’s current and future activity.
The decision to rebaseline signifies Xaar’s 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 prioritizing 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 business’ supply chain.
To make it as robust as possible, Xaar 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.
“Based on such a thorough process – and with five years of learnings since the original roadmap – we’re confident that the rebaselined ESG Roadmap is accurate, achievable, and better aligned with the needs of our business, employees, and customers,” said Tweedale.
While the timeline may have changed, Xaar’s ESG Roadmap goes beyond regulatory requirements to future-proof the company’s ability to offer sustainable technologies to customers. “As a key player in the supply chain of many industries, we are playing an active role in supporting customers’ sustainability initiatives – for example, through inkjet innovations that reduce waste or require less energy,” confirmed Tweedale.
This thinking is 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.
