Learn how Standex enhances everyday life. Watch now »
Environment
We share the same world, and it is our priority to bring sustainable practices to our business operations. We are continuing our evolution to simply be better at recycling, energy efficiency, reduction of waste and process improvement. We are actively seeking alternatives to critical mineral raw materials and continuously monitoring our supply chain to ensure transparent and ethical sourcing.
Smart energy management practices have clear economic and environmental benefits. We repeatedly enhance the design and build of our products for long term operation that minimize our carbon footprint. Our Worldwide Operational Excellence (OPEX) Council is driving this important initiative.
We have created a baseline environmental impact scorecard across our Business Units. This will help us identify areas in need of urgent attention. It will also allow us to identify how we stand against relevant benchmarks so that we can adopt best practices across Standex.
Our Target: An annual 2% reduction in intensity in the following areas:
- Water Consumption
- Scope 1 GHG Emissions
- Electricity Consumption (Scope 2 GHG Emissions)
- Scope 1 & 2 (Aggregate) GHG Emissions
- Solid Waste Generation
- Water Discharge
- Hazardous Chemical Usage
Environmental Impact Scorecard
ENERGY USAGE
Total direct energy usage consists of electricity and other fuels
| METRIC | UNIT | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|
| Total Direct Energy Usage | MWh | 151,074.0 | 112,105.3 | 70,051.6 |
| Total Direct Electricity Usage (Normalized) | MWh per million USD revenue | 59.3 | 84.9 | 50.6 |
| Total Direct Energy Usage (Normalized) | MWh per million USD revenue | 205.4 | 151.3 | 97.2 |
ENERGY USAGE BY TYPE
| METRIC | UNIT | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|
| Electricity | MWh | 43,612.7 | 62,946.3 | 36,488.9 |
| Natural Gas | MWh | 106,361.3 | 47,340.1 | 32,198.2 |
| LPG | Tons | 22.0 | 35.0 | 25.0 |
| Heating Oil | Gallons | 1,212.4 | 1,283.7 | 988.0 |
Fleet Fuel Usage
| Metric | Unit | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|
| Diesel Vehicle Fuel Consumption | Gallons | 99,800 | 9,903 | 7,864 |
| Petrol (Gas) Vehicle Fuel Consumption | Gallons | 22,633 | 22,616 | 5,975 |
| Hybrid Vehicle Fuel Consumption | Gallons | – | 2,893 | 3,363 |
Water/Waste Water Usage
| METRIC | UNIT | FY2022 |
|---|---|---|
| Water | HCF (hundred cubic feet) | 3,590,748 |
| Waste Water Disposal | HCF (hundred cubic feet) | 422,247 |
TOTAL WASTE GENERATED
| METRIC | UNIT | FY2022 |
|---|---|---|
| Solid waste | Cubic Tons | 6,377 |
| Recycling | Cubic Tons | 2,018 |
TOTAL WASTE GENERATED (INTENSITY)
| Total Waste | Cubic Tons per million USD revenue | 11 |
ENERGY USAGE
Total direct energy usage consists of electricity and other fuels
METRIC
Total Direct Energy Usage
UNIT
GJ
FY2022
157,560
METRIC
Total Direct Electricity Usage (Intensity)
UNIT
GJ Per Million USD Revenue
FY2022
184
METRIC
Total Direct Electricity Usage (Intensity)
UNIT
GJ Per Million USD Revenue
FY2022
184
METRIC
Total Direct Energy Usage (Intensity)
UNIT
GJ Per Million USD Revenue
FY2022
214
ENERGY USAGE BY TYPE
METRIC
Electricity
UNIT
GJ
FY2022
135,438
METRIC
Natural Gas
UNIT
HCF
FY2022
205,384
METRIC
LPG
UNIT
TONS
FY2022
10
METRIC
Heating Oil
UNIT
GALLONS
FY2022
4,656
ENERGY USAGE BY TYPE
METRIC
Water
UNIT
HCF (Hundred Cubic Feet)
FY2022
3,590,748
METRIC
Waste Water Disposal
UNIT
HCF (Hundred Cubic Feet)
FY2022
422,247
TOTAL WASTE GENERATED
METRIC
Solid Waste
UNIT
Cubic Tons
FY2022
6,377
METRIC
Recycling
UNIT
Cubic Tons
FY2022
2,018
TOTAL WASTE GENERATED (INTENSITY)
Total Waste
Cubic Tons Per Million USD Revenue
11
Scope I & II GHG Emissions
| FY2022 | FY2023 | FY2024 | |
|---|---|---|---|
| Scope 1 | 86,325 | 118,041 | 87,170 |
| Scope 2 (Location-based) | 11,371 | 22,947 | 10,180 |
| Scope 1 Contribution % | 88% | 84% | 90% |
| Scope 2 (Location-based) Contribution % | 12% | 16% | 10% |
| Scope 1 tCO2e per Revenue (mUSD) | 117.39 | 159.29 | 120.96 |
| Scope 2 (Location-based) tCO2e per Revenue (mUSD) | 15.46 | 30.97 | 14.13 |
| Scope 1 tCO2e per Employee | 22.55 | 30.52 | 22.55 |
| Scope 2 (Location-based) tCO2e per Employee | 2.97 | 5.93 | 2.63 |
Our Scope 1 & 2 GHG calculations were completed by an independent third party based on data collected through internal calculations. The data may be influenced by various factors, including but not limited to data collection methods, statistical assumptions, and inherent limitations in the underlying processes. We will continue to work diligently to enhance the reliability and accuracy of our reporting processes in the future.
Strategy Oversight
Our ESG steering committee has been established to support standardized sustainability and social responsibility initiatives. Together with Operations, Supply Chain and business leadership, the committee collaborates on policies and strategies for sustainability and ethical practices, progress monitoring and ensuring transparency and accountability to stakeholders.
View our Environmental Policy