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Environmental sustainability

Stratasys Reports Significant Progress in Sustainability Efforts

Strategic Insights

— 1 min read

Stratasys Ltd. has released its fourth annual Environmental, Social and Governance (ESG) and Sustainability Report, showcasing significant progress in its Mindful Manufacturingtm principles and reinforcing its leadership role in advancing sustainable, next-generation manufacturing. A centerpiece of the 2024 report is the company's first-ever year-over-year Scope 3 greenhouse gas (GHG) emissions disclosure, verified by independent third parties and analyzed by THG MyCarbon and Motive Analytics. The report highlights the company's commitment to climate conscious operations and accountability, with a comprehensive view of its carbon footprint extending beyond direct operations.

Key Takeaways:

  • Stratasys achieved a 23.1% reduction in overall carbon footprint (GHG emissions) from 2023 to 2024.
  • The company's first Scope 3 emissions disclosure spanned 11 value chain categories, providing a comprehensive view of its carbon footprint.
  • Renewable energy use avoided 653 tCO2e, a significant reduction in emissions.
  • Water consumption intensity decreased by 15%, while waste diversion from landfill increased by 38.4%.
  • The company recycled or reconditioned 477 metric tons of materials through take-back and trade-in programs.
  • Stratasys launched the SAFtm ReLife program, enabling 100% reuse of PA12 waste powder on its H350 machine.
  • The GrabCAD Carbon Estimator was introduced to help manufacturers track and reduce the carbon impact of additive manufacturing.
  • Stratasys expanded ISO 14001 environmental management certifications to sites in Germany and the U.S.
  • The company was recognized with the EcoVadis Silver Medal, placing it among the top 15% of companies worldwide.
  • Stratasys achieved a record-high employee engagement score of 74, with 91% participation.

Statistics:

  • 23.1% reduction in overall carbon footprint (GHG emissions) from 2023 to 2024.
  • 15% reduction in water consumption intensity.
  • 38.4% of waste diverted from landfill.
  • 653 tCO2e avoided through renewable energy use.
  • 477 metric tons of materials recycled or reconditioned through take-back and trade-in programs.
  • 38% female manager hiring rate, exceeding the 35% KPI.
  • 74 employee engagement score, with 91% participation.

Sources:

  • Stratasys Ltd. (2024). "Environmental, Social and Governance (ESG) and Sustainability Report."
  • THG MyCarbon (2024). "Scope 3 GHG Emissions Analysis for Stratasys."
  • Motive Analytics (2024). "Limited Assurance on Scope 3 GHG Emissions Disclosure for Stratasys."

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