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Striking the right chord in responsible business.
Welcome to our investor centre. Here you can find out more about Focusrite, as well as our results, strategy, key resources and more.
FY24 has been an exciting transition year for the Group as our Environmental Sustainability programme matures. Our products are now incorporating sustainable principles by default, and in some cases we are now looking to move on from first to second generation steps to decarbonise.
The Group has made significant progress rolling out sustainability initiatives this year, with 15 new and 33 existing products having at least one initiative implemented.
In our Content Creation division, the Focusrite Scarlett Gen 4, Novation Launchkey MK4 and ADAM Audio H200 and D3V all have a series of sustainability initiatives implemented, including recycled plastic and improvements to packaging design to remove unnecessary items which also reduces volume for more efficient shipping.
The Group’s Audio Reproduction division has done equally well, with Martin Audio switching to recycled plastic for ten existing products so far, and Optimal Audio’s Cuboid speakers also benefiting from the same roll-out.
Initiatives like these are becoming standard practice now, making a cultural shift from just a few years ago with engineering teams actively pursuing their own decarbonisation opportunities.
Being a UK-based company, we are committed to achieving Net Zero status by 2050 at the latest, in line with the UK Climate Change Act. This is our target too, and we are establishing how quickly we can achieve this ahead of schedule.
In March 2024, we committed to set science-based targets for decarbonisation and plan to submit our targets for approval within two years.
Our complete Scope 1, 2 and 3 carbon dioxide equivalent footprint is summarised here. All units are gross tonnes of carbon dioxide equivalent (‘tCO2e’) unless stated otherwise. For Scopes 1 and 2, we have maintained Carbon Neutral status for a third year as a result of switching to renewable energy and purchasing verified carbon offsets to account for residual emissions.
* Indicates the FY23 value has been recalculated using the same methodology as FY24.
Due to the nature of our business, our hardware products dominate our emissions. We have refined our LCA methodology this year as we develop our science-based targets, aiming to eliminate any issues that could result in us having more than a 5% change in the total emissions (above this threshold we would need to rebase). We are starting now to see some of the changes made to products filter through to our emissions (purchased goods & services has reduced), but we have also sold more high-power products in FY24 (increasing use of sold products per product). As more renewable energy becomes available, we will see our emissions throughout our supply chain decrease.
An extended look at our Environmental Work and the UK’s Climate-related Financial Disclosures Framework
Focusrite Group is committed to environmental responsibility throughout our operations and value chain.
ESG is critically important to our business and our future, and is embedded into our business strategy.
