Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Sustainability
• Innovation
• Community Investment
• Employee Well-being

Environmental Achievements

• 29% reduction in CO2 emissions over the last 3 years
• Carbon footprint of 6.85 tonnes per person per year (best ever)
• Over 100 products in the Green Option range
• Achieved ISO 50001 energy accreditation

Social Achievements

• 53% reduction in accidents between 2014 and 2015 (lowest ever major accident frequency rate of 0.07 per 100,000 hours worked)
• Supported Young Enterprise Scheme
• Supported WellChild charity through fundraising and equipment loans
• Supported The Lighthouse Club
• Launched Intelligent Safety campaign addressing dust and working at height
• 235 rehabilitation training places provided

Governance Achievements

• Included in FTSE 4 Good index
• Achieved RoSPA gold award
• Entire national depot portfolio accredited ‘silver’ under the Fleet Operator Recognition Scheme (FORS)

Climate Goals & Targets

Environmental Challenges

• Construction remains the UK's most dangerous industry
• Missed target for waste recycling (64% achieved vs 95% target)
• Inaccurate historical water consumption data

Mitigation Strategies

• Continuous improvement in safety and sustainability practices
• Investigating biofuels as a potential future option to reduce carbon emissions
• Re-establishing baseline for water consumption

Supply Chain Management

Supplier Audits: 97% of strategic and preferred suppliers compliant with the Supplier Charter

Responsible Procurement

• Partner collaboration programme with suppliers to develop ‘next generation’ solutions

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: FTSE4Good

Certifications: RoSPA Gold Award, FORS Silver Certification (entire depot network), ISO 50001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Green Option product range
• Bio-fuel for generators
• fPod® single refuelling point
• VT Hybrid Lighting Tower
• ePod® self-service hire portal

Awards & Recognition

• RoSPA Gold Award
• FTSE4Good Index inclusion
• FORS Silver Certification
• Fleet News Safe Fleet of the Year
• Brake Fleet Safety Award
• Fleet Van Awards Safe Van Fleet of the Year
• ISO 50001

Environmental Metrics

ESG Focus Areas

• Safety
• Sustainability
• Employee Empowerment
• Customer Service
• Innovation
• Supply Chain Collaboration

Environmental Achievements

• Reduced CO2e emissions per capita to 6.69 tonnes (2014: 7.05 tonnes). Note: Increase in 2015 is due to the inclusion of data for Ireland and International.
• Introduced over 100 Green Option (GO) products.
• Increased number of ePod® units on hire from 8 to 28.
• Increased number of fPod® units on hire from 16 to 30.

Social Achievements

• Achieved a 33% year-on-year reduction in RIDDOR accidents per 100,000 hours worked (2015: 0.18 to 0.12).
• Achieved an 80% reduction in Major Accident Frequency Rate (MAFR) since 2014 (2016: 0.01).
• Launched ‘Intelligent Safety’ campaign promoting safety training and awareness.
• Awarded second RoSPA gold medal for health and safety.
• Re-certified under OHSAS 18001 and RISQS.
• Increased near miss reporting leading to a significant fall in major accident rate.
• Reviewed employee rewards and benefits, introducing retail discounts and salary sacrifice schemes.
• Awarded a Learning and Development Team of the Year Silver Award at the Training Journal Awards.
• Supported Lighthouse Club and Wellchild charities.
• Ran two prison workshops providing real work training in electrical engineering.

Governance Achievements

• Undertook a comprehensive review of operations, information systems, and customer service processes.
• Implemented a recovery action plan addressing equipment availability, sales function restructuring, and IT system upgrades.
• Exceeded target overhead cost savings of £13m, achieving £16.5m in savings.
• Improved net debt position to £102.6m (2015: £105.3m).
• Acquired OHP Limited, strengthening rail activities.
• Improved management information systems, leading to a reduction in invoice queries and improved cash collections.
• Improved asset availability and utilisation.

Climate Goals & Targets

Environmental Challenges

• Lack of available equipment following network optimisation programme.
• Focus on strategic accounts at the expense of SME customers.
• Poor customer service caused by disruption during the implementation of the new IT and MI system.
• Significant fall in Group revenues early in the year.
• High level of operational gearing in the business.
• Non-payment of a material receivable in the International division.
• High staff turnover rate.

Mitigation Strategies

• Reviewed processes for testing and repairing equipment; increased engineering resources.
• Restructured sales function to ensure meeting customer requirements at all levels.
• Invested in upgrades to IT and management information systems.
• Created a leaner, more effective structure and competitive overhead base.
• Reduced headcount by 6.5% in the UK and Ireland.
• Entered into a settlement agreement with the purchaser of International assets.
• Focussed on recruiting personnel with specialist expertise in engineering.
• Improved data reporting with dedicated analysts.

Supply Chain Management

Responsible Procurement

• Speedy Partner Excellence Programme (PEP)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GHG Protocol Corporate Accounting and Reporting Standard

Certifications: ISO 9001, ISO 14001, OHSAS 18001, Achilles Building Confidence (5-star), Achilles RISQS (5-star), ISO 50001

Sustainable Products & Innovation

• ePod®
• fPod®
• Green Option (GO) products
• Underground Welder

Awards & Recognition

• RoSPA Gold award (two years running)
• Learning and Development Team of the Year Silver Award

Environmental Metrics

ESG Focus Areas

• Environmental Impact
• Social Responsibility
• Commercial Excellence

Environmental Achievements

• Overall reduction in carbon footprint from 26,606 tonnes in 2015 to 19,500 tonnes in 2019
• Reduced carbon footprint on a per capita basis from approximately 11 tonnes per capita to under six tonnes per capita in 2019
• Green Option (GO) products grew by 16% to 178 during the year
• Reduced waste going to landfill to 1.8 tonnes, a 94% reduction
• Introduced a second generation fPod®, a stand-alone site refuelling station
• Began supplying new Green D+ Hydrotreated Vegetable Oil (HVO) fuel, reducing carbon emissions by up to 90%
• Invested £2.8 million in lighting towers to help customers reduce emissions and fuel costs

Social Achievements

• Appointed 53 volunteer Mental Health First Aiders
• Launched eight regional employee forums
• Speedy colleagues raised over £32,000 for charities
• Speedy and its employees contributed to over 25 different charities
• Speedy is donating £10,000 for 20 sports kits

Governance Achievements

• Appointed Rhian Bartlett as a Non-Executive Director
• Undertook a Board and Committee evaluation
• Implemented changes to roles and committee structures to enhance governance

Climate Goals & Targets

Environmental Challenges

• Reduced customer demand due to COVID-19
• Geason Training business underperformance
• Reduced profitability in the Middle East due to revised commercial terms
• COVID-19 pandemic impact on UK and Ireland revenues
• Supply chain disruptions
• Workforce shortages due to COVID-19
• Risk of serious injury or death
• Environmental hazards
• Competitive pressure in the hire market
• Reliance on high-value customers
• Risk of employee shortages
• Supply chain risks
• Risk of business interruption due to IT systems failure or physical restrictions
• Risk of asset obsolescence

Mitigation Strategies

• Quick reaction to manage cost base and cash
• Continued service to customers from a reduced depot footprint
• Revised health and safety processes
• Cost reduction measures
• Government support schemes
• Increased stocks of critical spares
• Remote working where possible
• Two-shift rotation pattern in the Middle East
• Incentives to maintain morale
• Nationwide four-hour service promise
• Use of personal digital assistants (PDAs) and online customer feedback system
• Industry-leading health and safety compliance
• Product innovation
• Hybrid and fully electric vehicles
• Contract with third-party specialist for environmental clean-up
• Developing strategic relationships with larger customers
• Growing local and regional accounts
• Diversification of the Middle East business
• Crisis management team
• Preventative controls and back-up procedures for IT systems
• Centralising storage of less time-critical assets
• Monitoring asset status information

Supply Chain Management

Responsible Procurement

• Speedy Partnership Programme

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CDP

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 17020:2012, OHSAS 18001:2007, ISO 27001:2013, ISO 50001:2011

Third-party Assurance: Stephen Sykes, Collins McHugh LTD

Sustainable Products & Innovation

• fPod® Elite
• Green D+ HVO fuel
• Solar-powered lighting towers

Awards & Recognition

• RoSPA Gold Award
• Ground Breaking Safety Initiative – Commercial Fleets Awards
• Safe Fleet of the Year – Fleet News
• HAE Hire Awards of Excellence – Best Sustainability and CSR Initiative
• Fleet Operators Recognition Scheme (FORS) – Gold Status

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Reduced Scope 1 and 2 emissions by 20% compared to FY2022 and 46% compared to the 2020 baseline.
• Transitioned 82% of company cars to electric/hybrid.
• Replaced 1 million litres of diesel with HVO D+, saving 2,860 tCO2e in FY2023.
• Invested £8.25 million in 150 electric LCVs.
• Achieved 90% renewable electricity in FY2023.
• 44% of itemised assets defined as 'eco' (meeting FY2023 target of 40%).
• Increased recycling to 57%.

Social Achievements

• Rolled out a business-wide mandatory energy efficiency training program.
• Opened a new sustainable low-carbon service centre in Milton Keynes, Leeds and Stoke.

Governance Achievements

• Aligned carbon reporting to ISO14064-1 and independently verified carbon reports by Hydrock.
• Hold environmental certifications such as ISO14001 and ISO50001 and working towards ISO20400.

Climate Goals & Targets

Environmental Challenges

• Manufacturing and supply chain issues impacting the transition to 100% electric company cars.
• Incomplete Scope 3 emissions reporting due to data limitations.
• Transitioning the remaining 10% of electricity to renewable sources.

Mitigation Strategies

• Re-baselining company car target to reach 100% electric by FY2025.
• Working towards full Scope 3 reporting in future annual carbon reports.
• Continuing to work with property team and landlords to transition the remaining 10% of electricity to renewable sources.

Supply Chain Management

Responsible Procurement

• ISO20400 sustainable procurement standard
• Carbon maturity questionnaire
• Sustainability contract requirements

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: ISO14064-1:2018, Science Based Targets initiative (SBTi), TCFD, GHG Protocol Corporate Standard

Certifications: ISO14001, ISO50001

Third-party Assurance: Hydrock

Sustainable Products & Innovation

• Electric vehicles
• Battery powered assets from Milwaukee’s MX Fuel range
• Retrofitted Stage V emission compliant generator

Awards & Recognition

• Financial Times Climate Leader for 2023
• Ecovadis Silver

Environmental Metrics

ESG Focus Areas

• Environmental impact
• Social responsibility
• Governance

Environmental Achievements

• Reduced carbon output from 26,606 tonnes in 2015 to 19,388 tonnes in FY2021 (8% reduction per employee)
• Invested over £10m in new electric and hybrid powered access products
• Launched a new line of high-performance outdoor battery-powered lighting towers
• Invested £2.8 million in low emission lighting, including 300 solar-powered lighting towers
• Switched company car fleet to mostly ULEVs, aiming for 100% electric/hybrid by 2025
• Achieved ISO 50001:2018 for Energy Management
• Achieved zero waste to landfill in FY2021
• 89% of energy from renewable sources

Social Achievements

• Implemented a robust wellbeing programme to support colleagues through the pandemic
• Launched ‘Pride of Speedy’ campaign to recognise colleagues’ contributions
• Awarded RoSPA Gold Award for Occupational Health and Safety for the 6th consecutive year
• Joined the 5% Club, committing to 5% of employees on earn and learn programmes by 2025
• Developed and launched the ‘Career Line of Sight’ scheme for employee learning and development
• Social Value Impact (SVI) for FY2021: £3,028,634.24

Governance Achievements

• Made several changes to the Board to enhance diversity and skill base
• Introduced a new Equality, Diversity and Inclusion (EDI) working group
• Full compliance with the UK Corporate Governance Code 2018

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on revenue and operations
• Supply chain disruptions
• Competitive pressure in the hire market
• Reliance on high-value customers
• Climate change targets
• Reducing carbon output of hire and vehicle fleet

Mitigation Strategies

• Adapted business to support customers and frontline services
• Implemented cost reduction measures and utilized government support schemes
• Restructured depot network and reduced headcount
• Developed alternative sourcing strategies
• Developed strategic relationships with larger customers and grew SME customer base
• Launched Energise programme to reduce environmental impacts, improve social responsibility, and operate robust governance programmes
• Investing in hybrid and electric vehicles and equipment
• Trialing HVO fuel to reduce carbon emissions

Supply Chain Management

Responsible Procurement

• Supplier Partnership Programme
• Ethical Trading policy
• Collaboration with suppliers on safety and sustainability initiatives

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs)

Certifications: ISO 9001, ISO 17020, ISO 27001, ISO 14001, ISO 50001, OHSAS 18001, Achilles Building Confidence, Achilles FPal, Achilles UVBD, RISQS, LEEA, SafeHire

Third-party Assurance: KPMG LLP

UN Sustainable Development Goals

• Various UN SDGs

Energise KPIs aligned with UNSDGs 2030

Sustainable Products & Innovation

• Battery-powered lighting towers
• Electric and hybrid powered access products
• Solar-powered lighting towers
• Generators compatible with HVO fuel

Awards & Recognition

• HAE Hire Awards of Excellence (Best Sustainability and CSR Initiative)
• DVSA HS2 accreditation

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainability
• People
• Community

Environmental Achievements

• Reduced carbon output from 26,606 tonnes in 2015 to 16,775 tonnes in FY2022 (55% reduction per employee)
• Carbon reduction on a per capita basis from approximately 11 tonnes in 2015 to 4.94 tonnes in FY2022
• Company car fleet is now 100% ULEVs, aiming for 100% electric/hybrid by 2023
• Switched from diesel to HVO D+ in HGVs and tankers, saving 794T of CO2e
• Launched the first all-electric 27-tonne vehicle in the construction industry
• Invested £68.4m in hire fleet, 56% in sustainable equipment
• Achieved zero waste to landfill in FY2022
• Innovation Centre in Milton Keynes became carbon zero

Social Achievements

• Launched People First strategy prioritizing personal and professional development, wellbeing, and EDI
• Increased number of graduates and apprentices
• Introduced a ‘late careers’ mentor program
• Signed the Armed Forces Covenant
• Set up PLUS network to support gender diversity
• Improved colleague engagement score to 76%
• Colleagues raised over £75,000 for charities
• Launched As One charity challenge raising £24,739 for Mind

Governance Achievements

• Established a new Sustainability Committee
• Enhanced ESG proposition with the appointment of an ESG Director
• Improved governance and reporting to facilitate improved margins and dynamic pricing
• Implemented price increases to offset inflationary cost pressures
• Implemented a new hybrid working policy
• ESG performance linked to executive board remuneration

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Workforce shortages
• Increasingly limited supply of fossil fuels
• Challenges in obtaining accurate Scope 3 data
• Lack of infrastructure to support electric vehicles
• Climate change impacts on operations
• Competitive pressure in the hire market
• Reliance on high-value customers
• Cost inflation reducing margins
• Cybersecurity risks
• Data security risks
• IT system availability
• Sufficient capital
• Economic vulnerability (recession, inflation, war)
• Business interruption
• Joint venture impacted by war in Ukraine

Mitigation Strategies

• Strong supply chain relationships and advanced planning
• Flexible working policy
• Investing in carbon-efficient ECO products
• Implementing a low-carbon commercial vehicle fleet
• Partnering with Carbon Intelligence to set targets
• Developing a long-term Science Based Target to reach net zero by 2050
• Investing in various solutions to avoid higher-carbon equipment becoming obsolete
• Using HVO to reduce emissions
• Improving web-based offering for digital transactions
• Opening concessions in B&Q stores
• Developing a differentiated proposition in chosen markets
• Diversifying customer base (SME and retail)
• Implementing a robust cybersecurity control framework
• Data management team to maintain data accuracy
• Annual and medium-term planning for IT infrastructure
• Defined capital allocation policy
• Close relationships with customers for cost inflation response
• Implemented price increases
• Critical incident plans for all sites
• Regular monitoring of the situation in Kazakhstan

Supply Chain Management

Responsible Procurement

• Supply Chain Policy
• ISO20400 sustainable procurement standard
• Gold Member of the Sustainability Supply Chain School (SSCS)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (storms)
• Physical damage to sites and assets

Transition Risks

• Technology evolution
• Higher-carbon equipment obsolescence
• Fuel supply instability
• Reputational risk from failing to meet targets
• Insufficient low-emission fuel alternatives
• Non-compliance with climate regulation
• Challenges in obtaining accurate Scope 3 data
• Lack of infrastructure for electric vehicles

Opportunities

• Increased demand for low-emission equipment and services
• Helping customers adapt to extreme weather
• Investment in low-emission product technology
• Reputational benefits of climate leadership

Reporting Standards

Frameworks Used: Science Based Targets initiative (SBTi), Task Force on Climate-related Financial Disclosures (TCFD), UN Sustainable Development Goals 2030 (UNSDGs)

Certifications: ISO 9001, ISO 14001, ISO 17020, ISO 27001, ISO 45001, ISO 50001, Achilles Building Confidence Gold, Achilles UVDB Silver Plus, Achilles Oil & Gas Silver Plus, RISQS, LEEA, SafeHire, CHAS Premium Plus, Alcumus SafeContractor + SAFE PQQ, Constructionline Gold, IPAF Rental Plus, Acclaim SSIP Scheme, SMAS Worksafe SSIP Scheme, CQMS SSIP Scheme, Avetta, PASMA, Altius Assured Vendor Award, Builders Profile Pre-Qualification Scheme

Third-party Assurance: KPMG LLP

Sustainable Products & Innovation

• High-performance outdoor battery-powered lighting towers
• V20 lighting tower (hybrid)
• Electric and hybrid powered access products
• LowPro trench covers and road plates
• Electric powered access delivery vehicle

Awards & Recognition

• RoSPA Gold Award (8th consecutive year)
• Fleet News Excellence in Safety and Compliance Award
• Industry leader in ESG practices (ISS)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity, and Inclusion
• Governance
• Community Investment
• Supply Chain Sustainability
• Employee Wellbeing

Environmental Achievements

• Reduced carbon emissions by 19.7% from 16,690 tonnes in FY2022 to 13,397 tonnes in FY2023.
• Achieved a Silver ranking by EcoVadis, placing in the top 25% of companies for sustainability.
• Increased recycling to 57%.
• Innovation Centre became carbon negative and achieved an A+ EPC rating.
• Opened two new sustainable low-carbon service centres.
• Introduced 150 new electric vans to reduce up to 1,280 tonnes of CO2e per year.
• Industry-first roll-out of retrofitted Stage V emission compliant generators.
• Invested £52.1m in hire fleet, 51% of which was on sustainable equipment.
• 44% of itemised assets are now eco-friendly, exceeding the FY2023 target of 40%.

Social Achievements

• Invested in over 100 early careers trainees.
• Implemented an industry-leading Emerging Talent Development Board.
• Became a Youth Verified Business.
• Became a founding member of Neurodiversity in Business.
• Supported the UK Government in providing 287 generators to Ukraine.
• Maintained a high colleague engagement score of 77%.
• Delivered several wellbeing initiatives and campaigns.
• Introduced a hybrid working policy.
• Launched a ‘late careers’ mentor programme.

Governance Achievements

• Established a Board Sustainability Committee.
• ESG performance linked to Executive Team remuneration.
• Completed a £30 million share buyback programme.
• Implemented an ESG Business Partner programme.
• Completed a comprehensive review of People Policies.

Climate Goals & Targets

Environmental Challenges

• Rising costs of charging electric vehicles and running occupied office premises.
• Climate technology may not keep up with demand.
• Carbon-intensive assets may become obsolete.
• Increasingly limited supply of fossil fuel.
• Increasing energy prices.
• Challenges in obtaining Scope 3 greenhouse gas emissions data.
• Speedy’s provision of low-emission fuel alternatives may be insufficient to meet customer demand.
• Not meeting compliance requirements of advancing climate regulation.
• Business operations and human capital may be significantly affected by extreme weather events.
• Storms and extreme winds speeds may cause physical damage to Speedy’s sites and assets.
• Insufficient EV infrastructure development.

Mitigation Strategies

• Monitoring the market and research.
• Engaging with customers to understand the preferences and benefits of ECO products.
• Increased R&D expenditure and capex investment on low-carbon equipment and sustainable fuels.
• Investing in the refurbishment and/or upgrading of equipment to eco.
• Greater investment in low carbon technologies and targeted divestment of carbon intensive products.
• Working with suppliers on recycling or repurposing solutions to extend product lifecycle.
• Developing our circular economy strategy to lower the environmental impact of our products.
• Hedge fuel rates for diesel and HVO D+.
• Improving energy and fuel efficiency across our properties and products.
• Investing in hybrid/electric company cars and electric commercial vehicles and consolidating vehicle logistics.
• Use of sustainable fuels across our properties, products and commercial vehicles.
• Hedge energy rates and Power Purchase Agreements (PPAs) in place for properties with on-site renewables.
• Delivered employee training focused on energy-efficient behaviours with further training planned.
• Consolidating properties to more energy efficient buildings.
• Invested in energy-efficient technologies such as Building Management Systems across properties.
• SBT Net Zero by 2040 roadmap cascaded across the business and supply chain.
• Implementing processes across the business to embed climate and carbon reduction.
• Allocation of accountability across the organisation, teams, and individuals supported by KPIs.
• Embedment of ESG business partners across all business units to deliver climate and carbon reduction.
• Requested key suppliers in supply chain to align to SBTs by 2025.
• Developed fleet investment and transition roadmap.
• Developed property investment and transition roadmap.
• Working with suppliers to bring ECO products to market.
• Identified and set aside necessary budget to invest in R&D for alternative products and services.
• Implemented governance mechanism (horizon scanning and materiality assessments) to continuously monitor the regulatory and reporting landscape.
• Review requirements and regulations through the ESG Committee and Plc Board Sustainability Committee.
• Aligning procurement activities to ISO 20400 sustainable procurement standard.
• Issued a climate and carbon questionnaire to our suppliers.
• Contractually instructed suppliers to provide GHG data.
• Developed a product carbon calculator for our Top 350 products.
• Investing in telematics on key equipment.
• Implementing data collection systems for Scope 3.
• Externally verified our carbon data to ISO 14064-1.
• Supplier training and supplier engagement programme.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Sustainability Policy
• Sustainable Procurement Guidance (ISO 20400)
• Engaging with key suppliers by issuing a carbon maturity questionnaire
• Instructing new sustainability contract requirements to key suppliers
• Working with suppliers to reduce packaging waste

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting business operations and human capital
• Storms and extreme winds causing physical damage to sites and assets

Transition Risks

• Technology: Climate technology may not keep up with demand.
• Assets: Carbon-intensive assets may become obsolete.
• Fuel: Increasingly limited supply of fossil fuel.
• Energy: Increasing energy prices.
• Reputation: Speedy may not stay on track to meet its Science Based Target.
• Customer demand: Speedy’s provision of low-emission fuel alternatives may be insufficient.
• Regulation: Not meeting compliance requirements of advancing climate regulation.
• Data: Challenges in obtaining Scope 3 greenhouse gas emissions data.
• Infrastructure: Insufficient EV infrastructure development.

Opportunities

• Products and services: Increased customer demand for low-emissions equipment and services.
• Investment in low-emissions product technology supporting Speedy’s climate targets.
• Achieving Science-Based Target allowing Speedy to become a climate leader.
• Development of a carbon product calculator generating new revenues.

Reporting Standards

Frameworks Used: GRI, TCFD, Science Based Targets initiative (SBTi), UN SDGs

Certifications: ISO 9001, ISO 14001, ISO 17020, ISO 27001, ISO 45001, ISO 50001, Achilles Building Confidence Gold, Achilles UVDB Silver Plus, Achilles Oil & Gas Silver Plus, RISQS, CHAS Premium Plus, Alcumus SafeContractor + SAFE PQQ, Constructionline Gold, IPAF Rental Plus, Acclaim SSIP Scheme, SMAS Worksafe SSIP Scheme, CQMS SSIP Scheme, Avetta, PASMA, Altius Assured Vendor Award, Builders Profile Pre-Qualification Scheme

Third-party Assurance: Hydrock

Sustainable Products & Innovation

• Milwaukee MX Fuel range of battery-powered assets
• Retrofitted Stage V emission compliant generators
• Oxford Plastics’ LowPro Road Plates
• Hydrogen powered access lift (HR15H2E boom lift)

Awards & Recognition

• ISS Prime ranking as an industry leader for sustainability
• Hire Awards of Excellence: Highly Commended in the ‘Best Sustainability & CSR Initiative’
• EcoVadis Silver
• Carbon Disclosure Programme Grade B Accreditation
• Fleet News Awards: Highly Commended for the Wellbeing and Inclusivity in Fleet Award
• Youth Verified
• RoSPA Gold
• Construction News Awards: Shortlisted for the Supply Chain Excellence Award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity, and Inclusion
• Health, Safety, and Wellbeing
• Modern Slavery and Human Rights
• Responsible Sourcing
• Waste and Circular Economy

Environmental Achievements

• Reduced carbon emissions by 21.4% from 361,361.42 tonnes in FY2023 to 283,947.52 tonnes in FY2024
• Achieved zero waste to landfill
• Achieved 57% waste recycling
• 94.2% renewable electricity usage
• 63% of £42.5m investment in hire fleet was in sustainable products
• ECO products accounted for 55% of revenue
• CDP A- ranking, demonstrating environmental leadership

Social Achievements

• Reduced voluntary attrition rate to a record low of 16.1%
• Invested £7.2m in base pay
• Maintained people engagement score two points ahead of benchmark
• Improved colleague wellbeing through Speedy Hire Work Life Balance
• Launched 'Make it Visible' mental health campaign
• Introduced flexible working
• Awarded Gold Standard by EcoVadis (top 5% of sustainable businesses globally)
• Named a Financial Times European Climate Leader
• Achieved RoSPA President's Award for ten consecutive Gold Awards
• Implemented UN Women's Empowerment Principles
• Launched Race and Ethnicity affiliate group
• Created £29m of social value

Governance Achievements

• Executive compensation linked to ESG performance
• Improved ESG disclosure scores from Moody’s, ISS, EcoVadis, and the Home Office Modern Slavery Assessment Tool
• Refined governance structure to include PLUS Committee
• Appointed ESG Policy, Governance and Compliance Manager
• Strengthened internal processes around investment and divestment of assets
• Implemented ISO 20400 sustainable procurement standard

Climate Goals & Targets

Environmental Challenges

• Softening in Regional customer markets
• High operational gearing
• High interest costs
• Reduced performance from joint venture in Kazakhstan
• Macro-economic uncertainty
• Cost inflation
• Supply chain disruptions
• Challenges in obtaining scope 3 greenhouse gas emissions data
• Insufficient EV infrastructure development
• High turnover rates in certain sectors

Mitigation Strategies

• Implemented price increases to offset inflationary cost pressures
• Improved asset controls with digital technology trials
• Launched 'Velocity' strategy to accelerate sustainable profitable growth
• Improved testing, inspection, and certification business
• Strengthened partnership with PEAK AI for fleet optimization
• Upgraded ERP system to Microsoft Dynamics 365 Platform
• Modernized Service Centre network with energy-efficient facilities
• Acquired Green Power Hire Limited
• Entered joint venture with AFC Energy plc
• Invested in employee training and development
• Implemented flexible working arrangements
• Improved systems and processes to make it easier for employees to work

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Speedy Sustainability Requirements for Suppliers
• Supply Chain Policy
• Sustainability Policy
• ISO 20400 sustainable procurement standard

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Storms and extreme winds
• Flooding
• Drought

Transition Risks

• Climate technology not keeping up with demand
• Carbon-intensive assets becoming obsolete
• Increasingly limited supply of fossil fuels
• Increasing energy prices
• Not meeting compliance requirements of advancing climate regulation
• Challenges in obtaining scope 3 GHG emissions data
• Insufficient EV infrastructure development

Opportunities

• Customer demand for low-emission equipment and services
• Investment in low-emissions product technology
• Achieving Science-Based Target
• Customer demand for products and services that allow them to track emissions

Reporting Standards

Frameworks Used: TCFD, GRI, UNGC, SBTi, TNFD

Certifications: ISO 14001, ISO 27001, ISO 45001, Cyber Essentials Plus

Third-party Assurance: Hydrock Consultants Limited, Accenture

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 11 (Sustainable Cities and Communities)
• Goal 13 (Climate Action)
• Goal 8 (Decent Work and Economic Growth)

Initiatives contribute to these goals through decarbonization efforts, sustainable product development, community engagement, and employee well-being programs.

Sustainable Products & Innovation

• World’s first hydrogen-electric powered access platform
• Battery Storage Units
• Hydrogen powered generator plant
• Q-Fence recyclable plastic panels

Awards & Recognition

• Highly Commended in the Manager of the Year category at the HAE Awards
• CDP A- Award
• European Climate Leader by the Financial Times
• EcoVadis Gold rating
• RoSPA President’s Award
• ‘We Invest in Apprentices Gold’ accreditation
• HAE CSR and Sustainability award
• HAE Best Use of Media award
• Gold status for the Supply Chain Sustainability School Plant Charter
• Investors in People Gold Award