Environmental responsibility

By surveying and obtaining a better understanding of its environmental impact, Ovzon can further develop its initiatives and as a result reduce the negative impact from operations. Competence development is a key component of these efforts, and the goal is for all employees to have a basic awareness of the company’s environmental initiatives and impact.

Emissions

Ovzon reports its CO2 emissions according to the Greenhouse Gas Protocol, split into Scope 1, 2 and 3 with 2022 as a base year. Scope 1 contains the direct emissions that the company generates; Scope 2 contains indirect emissions such as energy and heating consumption and and Scope 3 contains the indirect emissions that arise in Ovzon’s value chain, both up and downstream. The increase of CO2 reported for Scope 3 during 2023 can specifically be derived to the business travels made during the launch event in December. The company’s emissions must continually be reduced, and internal environmental initiatives must be conducted in order to continually develop operations.

Ovzon 3

In January 2024, Ovzon launched its own first satellite into space at the SpaceX center at Cape Canaveral in Florida. Read more about the launch on page 25. Ovzon has acknowledged the fact that launching a satellite into
space generates large amounts of emissions, including CO2 and soot, both which are contributors to climate change. However, as this is the first satellite launch for Ovzon, additional data must be collected to obtain a deeper understanding of the environmental impact of the launch.

As a step towards lowering the satellite’s environmental impact, Roll-Out Solar Arrays (ROSA) were installed on the Ovzon 3’s 10-meter-long wings on each side. This was the first time the technology was used in a commercial geostationary orbit (GEO) satellite. The solution has the advantage of being 20 percent lighter and 75 percent smaller compared to traditional solar panels with the same effect, resulting in more efficient energy use and potential costs savings.

Efficient resource management

The Earth resources are finite, which means that there is a general need for more efficient resource use and circular flow of materials. At Ovzon, the aim is to efficiently manage the resources needed and reduce energy consumption in its operations. For example, Ovzon ensures that all materials from end-of-life terminals are recycled and that the resources can be recirculated into the production of new technology. Ovzon aims to minimize the impact of its operations to the greatest possible extent and will always choose the most environmentally friendly alternative. The company operates on the principle of replacing all bad and outdated technology with more energy-efficient and climate-smart technology.

_{1) Data from 2022 has been adjusted due to improved data collection during the year.}