ESG and Governance
Our approach to environmental and social impact is guided by our core values and responsible business framework
We focus on two main sustainability themes
Value preservation through the de-risking of our activities
The Group has taken steps to minimise the impact of our operations on the environment and understanding our entire carbon footprint has allowed priority areas to be addressed.
Our decarbonisation journey is punctuated by some key tactical steps:
- Consolidation of water and waste management partners and efforts
- Accreditation with ISO 50001: Energy Management in all of our UK sites
- Investment in electric and hybrid vehicles in our commercial and Company car fleet
- Procurement of renewable electricity across our UK property estate
- Working with customers on co-locating to reduce transport emissions
- Collaborating with our Estates team on a branch of the future blueprint.
Value creation through product innovation
Embracing sustainability can drive innovation by pushing the development of new products and services or driving the improvement of existing ones.
We are conscious of the need to develop new solutions in partnership with our key customers, in order to maintain our competitive edge, appealing to both eco-conscious consumers as well as our traditional business partners.
Our Scope 3 emissions inventory has informed the Group and senior management teams regarding the importance of our hire fleet make-up in relation to our overall impact on the environment. Within our divisional structure we have two distinct areas of fleet:
- Hire fleet, which is zero emissions at point of use e.g. Groundforce struts or TPA roadway panels
- Powered fleet, which requires either fossil fuel or electricity for that power.
Our approach to ESG links to our investment case and strategy
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Our fleet investment differentiates us from our peers
We are transitioning to a more sustainable rental. This is contributing to our near-term emissions targets, meeting customer needs for cleaner alternatives and aligning with regulatory changes.
- Zero emissions at point of use
- Cleaner technology
- Other investment
Scope 3 emissions: key to a lower carbon operating model
Our value chain emissions (Scope 3) represent 96% of our total Group emissions. Over 75% of our total carbon inventory relates to three categories within Scope 3, all relating to the carbon performance of our rental fleet in both the embodied carbon and usage carbon.
- Waste, business travel, employee commuting, and other
- Purchased goods and services
- Capital goods
- Use of sold products
- Downstream leased assets
Read about our carbon emissions inventory
Read more
Carbon emissions inventory
|
Scope 1 and 2 emissions inventory FY2023/24 |
|||
|---|---|---|---|
| 2024 | 2023 | ||
| UK | Scope 1 (Tonnes CO2e) | 13,469 | 15,946 |
| Scope 2 Location-based (Tonnes CO2e) | 1,650 | 1,269 | |
| Scope 2 Market-based (Tonnes CO2e) | – | – | |
| Total Scope 1 & 2 Location-based (Tonnes CO2e) | 15,119 | 17,215 | |
| Total Scope 1 & 2 Market-based (Tonnes CO2e) | 13,469 | 15,946 | |
| Energy consumption of Scope 1 & 2 (kWh) | 56.9m | 65.4m | |
| Intensity Ratio Location-based Tonnes CO2e (gross Scope 1 + 2) / £1 million revenue | 46 | 52 | |
| Intensity Ratio Market-based Tonnes CO2e (gross Scope 1 + 2) / £1 million revenue | 41 | 48 | |
| Global | Global Scope 1 (Tonnes CO2e) | 15,137 | 18,252 |
| Scope 2 Location-based (Tonnes CO2e) | 1,859 | 1,460 | |
| Scope 2 Market-based (Tonnes CO2e) | 209 | 191 | |
| Total Scope 1 & 2 Location-based (Tonnes CO2e) | 16,996 | 19,782 | |
| Total Scope 1 & 2 Market-based (Tonnes CO2e) | 15,346 | 18,513 | |
| Energy consumption of Scope 1 & 2 (kWh) | 64.9m | 73.6m | |
| Intensity Ratio Location-based Tonnes CO2e (gross Scope 1 + 2) / £1 million revenue | 46 | 53 | |
| Intensity Ratio Market-based Tonnes CO2e (gross Scope 1 + 2) / £1 million revenue | 42 | 50 | |
|
Scope 3 emissions inventory (tonnes (CO2e) |
|||
| Scope 3 | Purchased Goods and Services (PG&S) | 53,778 | 68,132 |
| Capital Goods | 64,897 | 47,604 | |
| Use of Sold Products | 136,689 | 136,427 | |
| Downstream Leased Assets | 85,843 | 86,953 | |
| Other Scope 3 Categories | 16,614 | 16,728 | |
| Total Scope 3 (CO2e) | 357,821 | 355,844 | |
| Total Group Carbon Inventory (market based) | 373,167 | 374,287 | |
Environment
The Group is committed to improving its environmental footprint through continual review and adaptive management.
Supply chain
The assessment of our sustainability performance will not be limited to our operations. Under our commitments to manage our Scope 3 emissions, we will review both upstream and downstream activities from our operations.
Governance
Find out more about the standards we are working to and the frameworks with which we align to.
