Sustainability at Checon
Checon Growth and Sustainability Summary (2022-2024)
Growth Through Strategic Acquisition & Organic Market Expansion
Checon has grown significantly following its sale to Alloy Holdings, LLC at the end of 2021 and a strategic acquisition in Q4 2023. Facility expansions, enhanced operations activities, and improvements in infrastructure, systems, and support programs further amplified these changes.
Checon Sustainability GHG Intensity & Reduction Targets:
2019 (Baseline Year):
Scope 1: 301.00 tons
Scope 2: 1,827.00 tons
GHG Intensity: 0.0000642861
Committed Annual Targets:
2023: 0.0000500926 | 22% Reduction
2024: 0.0000308845 | 52% Reduction
2025: 0.0000247414 | 62% Reduction
2023 Checon GHG Performance Update
Scope 1: 237.10 tons
Scope 2: 1,857.00 tons
GHG Intensity: 0.0000394808
Baseline Reduction: 39%
Notes: Checon exceeded its 2023 GHG intensity reduction target by achieving a 39% decrease. However, after adding two newly acquired U.S. manufacturing operations, the reduction was adjusted to 2%, highlighting the effectiveness of Checon's sustainability initiatives and the challenges associated with incorporating new facilities ahead of the original 2024 schedule.
2024 Checon GHG Performance Update
With increased production volume and the consolidation of three operating facilities into two, Checon successfully outpaced its 52% reduction target:
Scope 1: 409 tons
Scope 2: 2,175.00 tons
GHG Intensity: 0.00002104
Baseline Reduction: 67.3%
Key Insights into Checon's Strategic Growth and Improved Environmental Impact
In 2023 and 2024, Checon expanded through strategic acquisition and an enlarged market presence in key industrial control, power distribution, and energy sectors. The company achieved significant GHG reductions through:
Manufacturing and process efficiency, with continuous improvements and the integration of new facilities and processes to enhance GHG reduction.
Strengthened renewable energy partnerships with key energy providers to support emission reduction goals by 2024.
Digital efficiency and green market opportunities can be achieved by leveraging product and system solutions aimed at a lower environmental impact.
Looking Ahead with Checon in Electrical Contacts and Performance Material
Checon's long-term sustainability plans extend beyond direct emissions reductions to encompass positive impacts on its broader supply chain programs, ensuring the resilience and efficiency of Checon's processes.
