IPG Photonics Corp 2024 SR
The report highlights IPG Photonics' leadership in fiber laser technology and its commitment to sustainability through energy-efficient products and operations. In 2023, the company achieved significant environmental milestones, including an estimated 11 million metric tons of CO2 savings for customers using its lasers. IPG continues to optimize its manufacturing via Tri-generation systems and a microgrid at its Oxford, MA facility, which doubled energy production efficiency. The company also advanced its social goals, reaching 40% female representation on its Board of Directors and establishing 2030 diversity targets. Furthermore, IPG demonstrated resource conservation by reducing water withdrawal by 27% compared to 2017 levels despite increased production power.
Company: IPG Photonics Corp
Sector: Information Technology
Country: United States
Year: 2024
Type: SR
Pages: 32
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IPG Photonics Corp
Sustainability Report
The report highlights IPG Photonics' leadership in fiber laser technology and its commitment to sustainability through energy-efficient products and operations. In 2023, the company achieved significant environmental milestones, including an estimated 11 million metric tons of CO2 savings for customers using its lasers. IPG continues to optimize its manufacturing via Tri-generation systems and a microgrid at its Oxford, MA facility, which doubled energy production efficiency. The company also advanced its social goals, reaching 40% female representation on its Board of Directors and establishing 2030 diversity targets. Furthermore, IPG demonstrated resource conservation by reducing water withdrawal by 27% compared to 2017 levels despite increased production power.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
May 1, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Water Consumption
Women on Board
Employees