Refuels N.V.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Environmental Sustainability
Environmental Achievements
- Reduced greenhouse gas emissions by more than 90% compared to diesel through the use of biomethane (bioCNG).
Social Achievements
- Established partnerships with major companies like Amazon, DHL, Royal Mail, Lidl, and Aldi to supply biomethane fuel.
- Created over 76 jobs.
Governance Achievements
- Secured GBP 100m in infrastructure funding from Foresight Group.
Climate Goals & Targets
Long-term Goals:
- Have 100 operational stations in the UK.
Medium-term Goals:
- Expand into other European markets.
Short-term Goals:
- Operate 30-40 stations in the UK by the end of 2025.
Environmental Challenges
- High initial capital expenditure for CNG trucks compared to diesel trucks.
- Cost of establishing and expanding the refueling station network.
Mitigation Strategies
- Securing funding for infrastructure development.
- Demonstrating cost savings for customers through reduced fuel costs and RTFCs.
- Focusing on a modular and replicable site design for efficient expansion.
Supply Chain Management
Responsible Procurement
- Sourcing biomethane from various producers and traders.
Climate-Related Risks & Opportunities
Opportunities
- Growth in demand for renewable transportation fuels.
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 13 (Climate Action)
Refuels' use of biomethane contributes to reducing greenhouse gas emissions and promoting clean energy.