Responsible Manufacturing Stratasys publishes first sustainability report
Israel — 3D printing company Stratasys has published its inaugural report on environmental, social and governance (ESG) activities, following GRI Standards for sustainability reporting. The report outlines the company’s commitment to ESG and establishes benchmarks for future targets.
In 2021, Stratasys set its ESG strategy and formally established an executive-led ‘Stratasys Sustainability’ function as part of a commitment to more sustainable Mindful Manufacturing through additive-based solutions. Mindful Manufacturing is the thoughtful redesign of processes, parts and supply chains, utilising 3D printing across the product lifecycle in a way that maximizes sustainability over time, all while supporting business growth. The company’s sustainability priorities include design for responsible production and consumption, transparency, people-first initiatives, social impact programs, renewable energy projects, quality education, industry innovation and climate action.
“I believe that global manufacturing is at a crossroads,” said Stratasys CEO Dr. Yoav Zeif. “Due to growing pressure to address supply chain challenges and energy efficiency needs, 3D printing is increasingly being explored to meet such business goals. I believe that during 2022 and into the next decade, rapid growth in the adoption of manufacturing-scale 3D printing will bring additional innovation to the market, improve supply chains and reduce environmental impact.”
According to the company, there is a growing recognition of the potential for additive manufacturing to achieve environmental goals by reducing energy consumption and waste. For example, when compared to traditional manufacturing methods like computerised numerical control (CNC), during which materials are cut and excess is discarded, 3D printing would reduce material costs and reduce waste by almost 90 percent, while lowering energy consumption by 25 to 50 percent, the company claims. Additionally, industries like aerospace are showing a growing interest in lightweight polymer parts, which are designed to improve fuel economy without compromising durability and reliability.