Vue Entertainment International Limited

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:17,315.23 tCO2e (location based) / 6,937.90 tCO2e (market based) in 2023

Total Energy Consumption:87,444,334 kWh (2023)

Replaced 134 projectors with energy-efficient alternatives across sites in Italy, Poland, and the Netherlands.
Replaced HVAC air conditioning units with newer, more energy-efficient models across 8 sites in Italy.
4 sites in Italy installed solar panels in 2023, with another 4 scheduled for 2024.
Increased percentage of waste diverted from landfill to be recycled (details not quantified).

Launched an Employee Assistance Programme (EAP) offering counselling and a health and wellbeing portal.
Implemented hybrid working policies.
Continued to support initiatives to enhance the Group’s digital and technology offerings, optimise pricing, and offer high quality across state-of-the-art multiplex estate and customer experience with a number of cinema refurbishments successfully completed in the year.
Various special screenings to facilitate accessibility to diverse communities (autism-friendly, subtitled, audio description, family-friendly).

Established a Climate Team to reduce environmental impact and protect customer and colleague experience.
Completed a third-party ESG maturity assessment in late 2022.
Updated Audit Committee Terms of Reference to reflect the new Group structure.

Long-term Goals:

Reduce Scope 1 and 2 GHG emissions to Net Zero.
Reduce Scope 3 GHG emissions in our value chain.
Transition all territories to 100% renewable energy sources.
Zero waste to landfill.
Develop an employee training program on sustainability practices and encourage employee engagement in green initiatives.
Use sustainable materials for refurbishments.
Offer sustainable and plant-based food options.

Medium-term Goals:

Short-term Goals:

Reduce Group greenhouse gas (GHG) emissions/energy consumption year-on-year.
Increase recycling/reduce waste year-on-year.
Implement energy and waste management practices to improve consumption and recycling levels.
Develop a comprehensive carbon reduction plan with specific targets and timelines.

High inflation across all food and drink categories.
Staffing challenges in urban settings and competitive markets.
Supply chain disruptions due to extreme weather events.
Stricter environmental regulations imposing additional compliance costs.
Growing consumer preference for environmentally sustainable entertainment options.
Reputational risk from inadequate response to climate change.
Film production and quality risk due to SAG-AFTRA and WGA strikes.

Dynamic pricing models, driving efficiencies in energy usage and optimisation of service hours based on admissions forecasts.
Developing strategies to limit the impact on operational performance and improve organisational structures.
Diversifying suppliers and implementing sustainable practices.
Monitoring regulations and adopting alternatives where feasible.
Messaging commitment to sustainability initiatives (improved messaging in cinemas, developing strategies to bring sustainability to the brand).
Close relationships with studios and local distributors to understand the upcoming film release calendar.
Increased exposure to local, non-Hollywood film demand.

New supplier agreements include questionnaires related to sustainability and anti-slavery policies.
Existing contracts are being updated retrospectively.

Frameworks Used: TCFD (partially), Walker Guidelines