
Molecor has recently completed the verification of its Organisational Carbon Footprint (OCF), a report that measures the total greenhouse gas (GHG) emissions into the atmosphere from the direct and indirect effects of the organisation's activities. The footprint calculation was performed for Scopes 1 and 2, analysing and calculating the emissions generated in 2022 and 2023, using 2022 as the base year.
The quantification methodology used was the Greenhouse Gas Protocol Corporate Standard (GHG Protocol), one of the most widely used international protocols for quantifying and managing greenhouse gas emissions, which aims to provide a common framework for consistent and reliable accounting and reporting. The calculation was based on data from the company's operations multiplied by the corresponding emission factors from the most recent sources available at the time of reporting.
In this first report, an operational control approach has been used, under which the calculation includes emissions from all national and international production sites and all commercial vehicles, for which the company is in a position to control its operating policy and for which 100% complete and accessible information is therefore available. In addition, the limits set for the calculation are based on operational limits, also known as reporting limits, which involve identifying the emissions associated with the organisation's operations and classifying them as direct and indirect emissions.
Based on the calculation, the value of Molecor's Organisational Carbon Footprint for Scopes 1 and 2 in 2022 is 12,809.76 t CO2 eq, while in 2023 it is 14,639.14 t CO2 eq, taking into account the limits set by the organisation and according to the market approach. While there is an increase in absolute emissions, mainly due to the inclusion of the Malaysian plant in the 2023 emissions inventory, it is important to note that the ratios based on turnover and annual production remain virtually unchanged, indicating that the remaining production centres have reduced emissions compared to 2022.
It is also worth highlighting that the use of renewable energy from a variety of sources in the various production centres has enabled us to avoid a significant amount of greenhouse gas emissions into the atmosphere, thus contributing to the fight against climate change. The total avoided emissions are 692.79 t CO2 eq for 2022 and 3,173.05 t CO2 eq for 2023, representing a reduction of 6.57% and 27.30% respectively compared to total emissions.
As part of the company's Strategic Sustainability Plan, which commits to achieving Net Zero by 2040, and in order to be able to set targets within the Decarbonisation Plan it is developing, Molecor is expanding and improving the calculation of its footprint and is in the process of assessing Scope 3 for 2024. This scope includes all indirect emissions generated in the organisation's value chain that are not covered by Scope 2 and that are caused by the organisation's activities but originate from upstream and downstream sources that are neither owned nor controlled by the organisation. In this sense, particular focus is placed on the supply chain, both in terms of sourcing and distribution of products, and on employee mobility, both in terms of commuting to and from work and other business-related travel.