Impact, risks, and opportunities related to environment and climate
At FOM Technologies, we have a unique opportunity to contribute to the transition to renewable energy by delivering innovation contributions, equipment, and services for innovative coating solutions.
As we have outsourced the production of our equipment to third parties, our own direct impact on the environment and climate relates to GHG emissions from our office in Copenhagen as well as shipping and traveling to clients across the globe.
Looking into the GHG emissions scope 1 & 2, the power consumption from our rental office space is based on renewable energy sources provided by our electrical utility supplier, and FOM Technologies does not hold any company vehicles.
In relation to GHG emissions scope 3, business travel & distribution of goods are considered our main impact areas in terms of GHG emissions within our own direct control.
All production of our main equipment is nearshored to partners in Denmark, Sweden, and Poland. This has been a strategic decision as these countries are not only easily accessible from our office, but also have certain standards for environmental management and working conditions.
At FOM Technologies, we recognize that we have an impact on biodiversity through both internal activities related to product development, current external activities related to waste in production and waste handling at the end of use, and GHG emissions scopes 1, 2, and 3 in general.
In 2022, we took the first steps to encapsulate our focus on our responsibilities within material extraction and depletion by increasing the focus on Design for Manufacturing (DFM). Furthermore, FOM took the first steps to strategize a new business area within Service Lifecycle Management. This business aspect will, with its growth, strive to enforce further responsibility for material extraction and end-of-use waste by targeting services related to extending the lifecycle of our product portfolio.