Climate Change Data

Renew Holdings plc

Climate Impact & Sustainability Data (2020, 2021, 2022, 2023, 2024)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:38,084.88 tCO2e/year
Scope 1 Emissions:25894.1 tCO2e/year
Scope 2 Emissions:841.5 tCO2e/year
Scope 3 Emissions:922.8 tCO2e/year
Total Energy Consumption:155,619,622 kWh/year
Carbon Intensity:11.57 tCO2e per average employee headcount, and 0.06 tCO2e per £000 of revenue

ESG Focus Areas

  • Customer value
  • Climate action
  • Operating responsibly
  • Engaging our people
  • Supporting our local communities

Environmental Achievements

  • Carnell recycled 53,000m3 of filter drain using its STONEmaster and STABLEdrain systems, saving 62,000 litres of fuel and over 500 tonnes of CO2. This was recognised with an International Green Apple Award.
  • Installation of electric vehicle charging points at offices and depots.
  • Reduced fuel usage by around 10% in the year through the implementation of Lightfoot technology.

Social Achievements

  • Launched a construction and civil engineering skills academy (Seymour) to address skills gaps.
  • Various fundraising activities supporting Children with Cancer UK (AmcoGiffen).
  • Community volunteering days (AmcoGiffen), support for Cumbria Community Foundation (Shepley Engineers), and other community initiatives.

Governance Achievements

  • Appointment of Stephanie Hazell as a Non-executive Director.
  • Continued development of corporate governance approach.
  • Board effectiveness review undertaken.

Climate Goals & Targets

Long-term Goals:
  • Support the UK’s net-zero carbon goals by 2050.

Environmental Challenges

  • Covid-19 pandemic impacting operations and working practices.
  • Supply chain disruptions (Land Remediation in Scotland).
  • Legacy contractual issues relating to Allenbuild Limited.
Mitigation Strategies
  • Implemented Covid-19 precautions, including social distancing, remote working, and enhanced safety measures.
  • Actions to preserve cash and protect liquidity (deferral of capital expenditure, hiring freeze, etc.).
  • Additional provision of £5.3m to address legacy contractual issues with Allenbuild Limited.

Supply Chain Management

Responsible Procurement
  • Use of sustainable materials (e.g., sustainable retaining wall systems, green concrete).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SECR

Certifications: ISO 14001, ISO 18001

Sustainable Products & Innovation

  • STONEmaster filter drain refurbishment process
  • Electric motor vehicles
  • Solar powered site security unit

Awards & Recognition

  • London Stock Exchange Green Economy Mark (2019)
  • International Green Apple Environment Awards (STONEmaster)
  • HRH Prince Michael International Road Safety Award (Carnell)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:34,832.7 tCO2e/year
Scope 2 Emissions:802.9 tCO2e/year
Scope 3 Emissions:1,983.9 tCO2e/year
Renewable Energy Share:33%
Total Energy Consumption:142,800,433 kWh/year
Waste Generated:342,103 tons/year
Carbon Intensity:9.42 tCO2e per average employee headcount; 0.044 tCO2e per £000 of revenue

ESG Focus Areas

  • Climate Action
  • Operating Responsibly
  • Engaging our People
  • Supporting our Local Communities
  • Customer Value

Environmental Achievements

  • Reduced CO2e emissions by around 90% on an M6 central reserve barrier upgrade project through the trial of HVO fuel.
  • Achieved 88% waste diversion from landfill.
  • Aimed to obtain 100% renewable energy tariffs by 2022 (33% achieved in 2021).

Social Achievements

  • Increased the number of trained mental health first aiders to 1 for every 20 employees (target was 1:50).
  • Employees undertook volunteering days and fundraising activities for various charities.
  • Businesses engaged with local schools and communities.

Governance Achievements

  • Continued compliance with the QCA Corporate Governance Code 2018.
  • Undertook a benchmarking process against the 2018 Corporate Governance Code.
  • Appointment of Louise Hardy as a Non-executive Director.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2040.
Medium-term Goals:
  • 80% low carbon commercial fleet by 2030.
Short-term Goals:
  • 100% renewable energy tariffs by 2022.
  • 100% electric/hybrid vehicle options in company car schemes by 2022.
  • 95% waste diversion from landfill by 2022.

Environmental Challenges

  • Commercial vehicle and gas oil emissions.
  • Accident frequency rate.
  • Waste diversion from landfill.
Mitigation Strategies
  • Trialing alternative, cleaner energy sources to power sites and procuring electric commercial vehicles.
  • Implementing safe working practices and a positive learning culture.
  • Working in partnership with a specialist waste management broker.

Supply Chain Management

Responsible Procurement
  • Partner relationships to create a culture of trust and innovation.

Climate-Related Risks & Opportunities

Opportunities
  • Cost reductions with low-energy technologies
  • Resource efficiencies
  • Development of new technologies and services

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001, ISO 18001

UN Sustainable Development Goals

  • Goal 8
  • Goal 9
  • Goal 12
  • Goal 13

Initiatives contribute to sustainable economic growth, resilient infrastructure, sustainable consumption and production patterns, and climate action.

Sustainable Products & Innovation

  • Mega Vac Road Rail Vehicle
  • Eco SmartCharge Run-Lock device
  • Electric powered telehandler

Awards & Recognition

  • Shortlisted for Highways Awards (Best Use of New Technology, Customer and Delivery)
  • Finalist for National Highways Awards (Employee Engagement and Behavioural Change)
  • Green Apple Awards (StoneMaster)
  • RoSPA President’s Award (Carnell)
  • RoSPA Gold Award (Lewis)
  • RoSPA Order of Distinction (VHE)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:30,184.1 tCO2e/year
Renewable Energy Share:100%
Waste Generated:133,407 tons/year
Carbon Intensity:7.624 tCO2e per average employee headcount, and 0.036 tCO2e per £000 of revenue

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • 2022 reduction in total carbon emissions 4,648.6 tCO2e
  • 95% eligible waste diverted from landfill
  • 100% of energy from “green” tariffs

Social Achievements

  • Continued investment in the Group’s management development programme, Renew Inspiring Successful Executives (RISE)
  • Over 270 trainees, apprentices and graduates
  • Supporting local communities and undertaking a range of charity events

Governance Achievements

  • Compliance with the QCA Corporate Governance Code
  • Improved Board diversity
  • Implemented a malus and clawback mechanism on the short-term bonus award

Climate Goals & Targets

Long-term Goals:
  • Net zero carbon by 2040
Medium-term Goals:
  • Net zero carbon by 2040
Short-term Goals:
  • 80% low carbon commercial fleet by 2030

Environmental Challenges

  • Industry-wide material shortages and inflation challenges
  • High energy costs and availability
  • Supply chain disruption
Mitigation Strategies
  • Successfully managed industry-wide material shortages and inflation challenges through commercial terms within frameworks
  • Evaluating the investment needed in low-carbon technology to reduce reliance on fossil fuels and rising energy costs
  • Reviewing Renew’s supply chain to pinpoint any high-risk materials that may be impacted by extreme weather events globally

Supply Chain Management

Responsible Procurement
  • Strategic procurement and supply chain objectives to lay firm foundations for collaborative, intelligent client relationships

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme heat
  • Floods and storms
  • Drought
Transition Risks
  • Energy costs and availability
  • New energy technologies
  • Policy and regulation
  • Product service and design
  • Cost of carbon
Opportunities
  • Expand existing revenue streams to focus on new green infrastructure projects
  • Innovate in products and services
  • Decarbonisation across our supply chain

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001, ISO 18001

UN Sustainable Development Goals

  • Goal 8
  • Goal 9
  • Goal 12
  • Goal 13

Renew Holdings plc’s commitment to the UN Sustainable Development Goals (SDGs) is outlined on page 56 of the report.

Sustainable Products & Innovation

  • StoneMaster filter drain refurbishment process
  • Rail MegaVac and Mega Chipper V2
  • Hybrid power solution
  • SafetyCam vehicles

Awards & Recognition

  • London Stock Exchange’s Green Economy Mark

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:31,035.9 tCO2e/year (2022: 30,184.1)
Scope 1 Emissions:19,610.8 tCO2e/year
Scope 2 Emissions:731.2 tCO2e/year
Scope 3 Emissions:2,584.7 tCO2e/year
Renewable Energy Share:84% (2022: 41%)
Total Energy Consumption:132,084,482.5 kWh/year (2022: 126,383,826.5)
Carbon Intensity:0.032 tCO2e per £000 of revenue

ESG Focus Areas

  • Climate action
  • Operating responsibly
  • Building social value
  • Empowering our people

Environmental Achievements

  • Reduced carbon intensity ratio from 0.036 to 0.032 (tCO2e/£000)
  • Increased share of green energy tariffs to 84% (2022: 41%)
  • 95% of eligible waste diverted from landfill (2022: 99%)

Social Achievements

  • 1 working day per employee assisting community projects (measured in hours)
  • 50 STEM events supported (2022: 122)
  • Improved LTIFR to 0.20 (2022: 0.23)
  • 70% employee survey response rate (2022: 72.5%)
  • 4.5 training days per employee (2022: 4.4)

Governance Achievements

  • Established a cross-subsidiary Climate and Nature Steering Group
  • Continued compliance with the QCA Corporate Governance Code 2018
  • Improved Board diversity

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2040
Medium-term Goals:
  • 80% low-carbon commercial fleet by 2030
Short-term Goals:
  • Further investigate how the development of an Enterprise Risk Management (“ERM”) approach, with our climate-related risks embedded, will enable us to integrate stronger consideration for sustainability issues into our risk management facilities.

Environmental Challenges

  • Extreme weather conditions impacting operations and supply chains
  • Energy cost and availability volatility, particularly with HVO
  • Government policy and regulation changes impacting project viability and supply chain costs
  • Supply chain disruptions
Mitigation Strategies
  • Review of key assets and equipment for extreme heat resilience
  • Disaster and resilience planning
  • Reduction in fossil fuel reliance through HVO usage
  • Fleet conversion to electric vehicles
  • Commitment to net zero for Scope 1 & 2 by 2040
  • Proactive engagement with key suppliers to manage supply chain risks

Supply Chain Management

Responsible Procurement
  • Ethical sourcing policy
  • Supply chain approval processes
  • CIPS Ethical Procurement and Supply coursework for employees

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (heat, flooding, drought)
Transition Risks
  • Energy cost and availability volatility
  • New energy technology challenges
  • Policy and regulation changes
Opportunities
  • Increased demand for climate resilient infrastructure
  • Growth in renewable energy, electrification, and modern energy distribution

Reporting Standards

Frameworks Used: TCFD, Streamlined Energy and Carbon Reporting (SECR)

Certifications: ISO 14001, ISO 45001

UN Sustainable Development Goals

  • Goal 8: Decent Work and Economic Growth
  • Goal 9: Industry, Innovation and Infrastructure
  • Goal 12: Responsible Consumption and Production
  • Goal 13: Climate Action

Renew's activities contribute to these goals through its commitment to sustainable working practices, investment in infrastructure, focus on resource efficiency, and climate action initiatives.

Sustainable Products & Innovation

  • StoneMaster filter drain refurbishment process
  • SafetyCam mobile road worker protection system

Awards & Recognition

  • London Stock Exchange’s Green Economy Mark
  • Various RoSPA awards
  • CIPS Corporate Ethics Mark for AmcoGiffen and Carnell
  • QTS Platinum Investors in Young People good practice award

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:30,000.6 tCO2e/year
Renewable Energy Share:84%
Carbon Intensity:0.030 tCO2e per £000 of revenue

ESG Focus Areas

  • Climate Action
  • Operate Responsibly
  • Build Social Value
  • Empower our People

Environmental Achievements

  • Reduced carbon intensity ratio from 0.032 to 0.030 (tCO2e/£000)
  • 84% of energy from green tariffs
  • 99% of eligible waste diverted from landfill (2023: 95%)
  • Carnell achieved PAS 2080 certification for carbon management

Social Achievements

  • Increased percentage of women in leadership positions
  • Reduced LTIFR from 0.20 to 0.17
  • 1 working day per employee assisting community projects
  • 50 STEM events supported

Governance Achievements

  • Formal addition of “climate and sustainability” to the schedule of Matters Arising for the Board
  • Further refinement of the scope and membership of the Climate and Nature Steering Committee
  • Integration of climate-related risks into the overall risk management process

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero carbon emissions by 2040
Medium-term Goals:
  • Achieve net-zero carbon emissions by 2040
Short-term Goals:
  • Reduce carbon intensity ratio
  • Increase low-carbon commercial fleet to 80% by 2030
  • 100% energy from green tariffs

Environmental Challenges

  • Extreme weather events impacting operations and supply chains
  • Energy cost and availability volatility, particularly with HVO
  • Transition to new energy technologies (EV infrastructure, cost considerations)
  • Evolving climate policy and regulation increasing costs and impacting project viability
Mitigation Strategies
  • Review of key assets and equipment for extreme heat resilience
  • Disaster and resilience planning
  • Securing HVO supply prices for 2024
  • Investing in fleet conversion to electric vehicles
  • Developing interim decarbonisation targets
  • Monitoring supply chain costs and engaging with key suppliers

Supply Chain Management

Responsible Procurement
  • Supplier sustainability requirements
  • Ethical working practices

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Energy costs and availability
  • New energy technologies
  • Policy and regulation
Opportunities
  • Increased demand for maintenance and renewal services due to extreme weather
  • Demand for energy-efficient infrastructure and grid connectivity
  • Maintenance services for renewable energy infrastructure and EV charging infrastructure
  • Funding for adaptation and resilience of existing infrastructure

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001, ISO 45001, PAS 2080 (Carnell)

UN Sustainable Development Goals

  • 8
  • 9
  • 12
  • 13

Renew's activities contribute to these goals through sustainable infrastructure development, responsible resource management, and climate action.

Sustainable Products & Innovation

  • SafetyCam
  • StoneMaster
  • EcoSite

Awards & Recognition

  • London Stock Exchange’s Green Economy Mark
  • Green Apple Award (Carnell)
  • SPOTLIGHT Rail Awards (AmcoGiffen)