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

Ovzon launched its own first proprietary satellite Ovzon 3 into space on January 3, 2024 at the SpaceX center at Cape Canaveral in Florida. Ovzon acknowledges 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 the launch was a singular event outside of Ovzon’s regular operations, emissions from satellite launches are not deemed representative of Ovzon’s scope 3 emissions moving forward. The total emissions from the launch are estimated to reach up to estimately 336 000 tonnes of carbon dioxide according to officially published calculations. Given the uncertainty of this calculation, it has not been accounted for in the company’s total emission calculation.

The satellite will remain in orbit for 18 years, using solar energy to meet its power requirements. This is achieved through the installation of Roll-Out Solar Arrays (ROSA) on the 10 meter long wings on each side of the satellite. It marks the first use of this technology on a commercial geostationary orbit (GEO) satellite. The ROSA system offers significant advantages, being 20 percent lighter and 75 percent more compact than traditional solar panels with equivalent power output. This results in improved energy efficiency and potential cost savings.

Efficient resource management

Ovzon acknowledges the global need for more efficient resource use and circular flow of materials. The company’s aim is to efficiently manage resources such as waste management and lower energy consumption in its operations. For example, Ovzon ensures that materials from end-of-life terminals are recycled and that the resources can be recirculated into the production of new technology. 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.}