Climate Change Data

Restore plc

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:14,212 tCO2e/year (location based)
Scope 1 Emissions:8,847.0 tCO2e/year
Scope 2 Emissions:33,841.8 tCO2e/year (location based), 31,154.3 tCO2e/year (market based)
Scope 3 Emissions:41,523.2 tCO2e/year
Renewable Energy Share:85.3% of total electricity
Total Energy Consumption:56,585,685.4 kWh/year
Water Consumption:13.4 m3/year
Waste Generated:731.5 tons/year
Carbon Intensity:50.9 tCO2e per £1m revenue

ESG Focus Areas

  • Climate Action
  • Resource Use
  • Biodiversity
  • Health, Safety & Wellbeing
  • Culture
  • Community Impact
  • Enriching Careers
  • Diversity & Inclusion
  • Customer Engagement
  • Data Security
  • Innovation
  • Partnerships
  • Transparency & Accountability
  • Business Governance

Environmental Achievements

  • 32% reduction in Scope 1&2 Carbon Footprint per £1 million turnover
  • 63% of company cars and 3% of fleet now hybrid/electric
  • 85% of procured energy REGO backed
  • 1 site now providing solar power
  • Protected 4+ acres of natural woodland and meadow around Restore facilities
  • Protected an additional 5 acres of rainforest

Social Achievements

  • 9% improvement in employee engagement metric (70% engagement)
  • 33% women in management roles
  • 50% women on the Board
  • 34% women across the business
  • Launched a focused calendar of D&I events
  • Started to capture self-identifying D&I data
  • Supported St Joseph’s Hospice and crisis for Christmas
  • Donated over 5,000 items of furniture
  • 36 Apprenticeship schemes developed and delivered

Governance Achievements

  • Established an additional Board level ESG Committee
  • Achieved all major ISO 9001, 14001, 27001 compliance accreditations
  • Achieved NCSC Cyber Security Essential Plus accreditations across all business units
  • Reviewed Restore’s Data protection risk and the associated gap analysis work
  • Completed sustainability energisers in three business units

Climate Goals & Targets

Long-term Goals:
  • Net Zero by 2035
Medium-term Goals:
  • Revenue grow to over £450m
  • Adjusted EBITDA to £150m
  • Net Zero by 2035 for Scope 1 & 2 emissions
  • 50% reduction in Scope 3 emissions by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Inflationary cost pressures
  • Pace of interest rate increase faster than expected
  • Margin expansion more challenging due to cost inflation
  • Slower increase in assets collected in Restore Technology due to wider slowdown in IT investment
  • Uncertainty surrounding hybrid working deliberation, delays on construction projects and a lack of high-grade ESG compliant properties impacted potential project works in Restore Harrow Green
Mitigation Strategies
  • Plans to mitigate challenges and drive further profitability gains
  • Pricing is a key focus area
  • Quickly adjust cost base in Restore Technology
  • Invest in sales and marketing to drive market share gains
  • Focus on cost and pricing to improve margins and react to changing input costs

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: TCFD, CDP

Certifications: Planet Mark

Third-party Assurance: PwC

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed