The Standex Operational Excellence (OpEx) Council was recently tasked by our CEO, David Dunbar, with developing a method to monitor Spincraft MA‘s carbon footprint and impact on climate change. This work was part of a larger initiative to measure emissions consistently across the global Standex network of businesses to provide input into our overall ESG rating. An ESG rating assesses a corporation’s long-term exposure to environmental, social and governance risks.
The OpEx Council identified four main categories for our environmental key performance indicators (KPIs):
- Climate Change – Decreasing carbon emissions and fossil fuel use by improving carbon-intensive practices (carbon footprint).
- Natural Resources – Conserving water and other natural resources while sourcing raw materials.
- Pollution & Waste – Reducing solid waste, packaging material, toxic emissions and water pollution.
- Environmental Opportunities – Implementing green building practices and improving energy efficiency.
The Spincraft MA team launched its green initiatives work earlier this month. One of the largest opportunities identified to reduce carbon emissions was the design, fabrication and installation of a NOx exhaust system on our large spin lathes, the center of our advanced metal-forming solutions. This initiative will enhance factory safety by improving the working environment for employees, as well as lowering the site’s annual usage of natural gas and electricity.
The anticipated annual savings of 139,502 kWh of electricity and 33,178 therms of natural gas driven by this project will result in the equivalency of removing 236.3 metric tons of CO2 from the atmosphere.
The above number is equivalent to greenhouse gas emissions from:
- 50.9 gasoline-powered passenger vehicles driven for one year
- 45.9 homes’ electricity use for one year
- 28,707,665 smartphones charged
This project will include collaboration between Spincraft’s leadership including Ryan Farley, Frank Woods and Mike Arsenault; National Grid‘s Daniel Sancomb; and KGC Sheet Metal‘s Ryan Cole. We are excited to work with our partners to implement the NOx recovery system to begin saving energy, creating a safer work environment and reducing Spincraft’s carbon footprint!
